The Wichita daily eagle., 1895-03-08
CONCLUDED NOT TO
WHEAT STARTS OUT FOR A FUR
TIER BREAK IN PRICES.

First Twenty Minutes Sees a Slight ad-
Dukes for the Rest of the Dsy--Close
is Strong on Cash Wheat fo- silipment--
Between WhiIes the Cincinnati Price
Current Talks BuiIish and the French
situation is the Subject OF Contradic-
tory Reports--Corn and Oats Unchanged
Chicago. March AFTER indicating
pretty strongly that it was about TO
make further break today, wheat
turned about and closed strong at the
same figures as on the day before. The
1,rrnness near the end was due to the
considerable quantity of cash wheat
worked here for shipment ana 10 buy
ing near the close Of some in New ! ork,
said to be on an order from Paris
Corn and oats were very dull again and
closed without change in price. Pro-
visions acted nerVouSly strong
The course of the wheat market, eX
rept during the first twenty minutes,
when ii advanced little, was largely
q matter of cold blooded clugging by
some heavy bear operators. May
started weak with sellers and trading
vas 53A cents TO 1886 cents and worked
up to 541S G54I cents. Following that
IL dropped 10 531a0533s cents. The Gin
cinnau Price Current was very bulliSh
I'm its remarks and the French country
markets as reported officially were the
equivalent Of 2l2 to cents higher.
4 French cablegram to New York
house said no serious apprehension
prevailed concerning the amount Of
other dispatch from Paris SAID there
was 70 question about the damage, the
only uncertainty was regarding the
amount Of il. bat still another cable
gram from that place said that the
weather in France was improving ana
the latter appeared TO settle the matter
as far as the crowd in Chicago Were
concerned. The clearances OF wheat
and -four from Atlantic ports, includ-
ing IL. 600 bushels frcm New Orleans,
was only equal 10 1G9. 600 bushels and
that WAS one Of the weakening in
fuences which depressed wheat here 10
53la cents about the middle Of the seS-
sion. Another matter which was Il
factor in the decline was the report
that a committee was likely to be ap-
pointed by the state warehouse com
rrlSSiOnerS 10 examine into the con-
dition of the wheat il the Chicago ele-
va.tOrs- The market wound UP at So ;
cents for May. The TACT that 1000
bushels of No. red wheat for imme-
Ciate loading and for shipment at the
opening Of lake navigation was work
cd here. was an element in the closing
strength. There were TumorS of a
much larger quantity having been
worked. but only $4,000 bushels al J..
cents under May price could be con-
firmed. New York wired that some
buying OF cash wheat on an order from
Paris had couscd a strong clog in the
market there.
In corn it was a repetition OF yester-
days staSnatipn. The fluctuations
were Of the liEhteSt and the trade Of
The sInal! at proportions usually seen
ia the days of midsummer. After
fluctuating wearily over Z cent. prices
at the close were al the same point al
which trading ceased yesterday. May
sold from cents to AIS cents and
closed at f4%4 cents
oats were almost Iifeless with but Is
cent range for the day. The market
WAS steady, Influenced by corn. May
opened at 2I7s cents and closed at %
cents
Th" provision market was the live
ened TIE dealers and caused vigorous
after slight reactions the market
wound UP firm. May pork closed 22' 2
cents higher; May lard ~ cents high
er and May ribs 1Tl2 cents higher.
The receipts for tomorrow are esti-
mated as follows: Wheat 10 ears, corn
40 cars, oats 40 cars, hogs $1,000 head.