The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-22
BULLS SHED TEARS
GRAINS AND PROVISIONS CHOOSE
THE DOWNWARD ROAD.
Liquidation Runs Rampant Among Holders
and the Days News Items are OF Little
Buoyancy--Englisk Markets Weak, With
an Increase OF .cc,Is--COrn Opens Weak
and Grows Wctker-Oats Carries q
Heavy Business, Makes a Low Price
Record, But Reacts just at Closing
Provisions Weak, Inside and Out.


Chicago, Jan. 21-It was a sad for
the bulls in the board of trade markets.
Wheat broke on a general liquidation
and closed rs cents lower for May.
The other markets Joined the process
sion and wound up 15s cents lower for
May corn, 1 cent lower for May oats,
and lower all around for provisions
Wheat opened fairly active at baut
Saturdays closing prices. May sold at
from 571a cents to 5711@57ss cents, and
July at from SO cents to 5Sk cents.
Those prices We're scarcely recorded
when the market began to break, and
although during the decline of q cent
which occurred in the first hour, there
were two or three temporary rallies of
Is cent, the selling on each Of those
slight reactions was very confidently
renewed and kept up until May was
571s @57A cents, which it reached about
an hour from the opening. The Eng
Hsh markets were weak. Liverpool
stocks of wheat increased 1S5, 900 bush
els during last week. The decrease in
the visible supply was only 1,029, 900,
ana the amount on ocean passage be-
showing an increase of 800. 900 bushels,
Npiiiihco hiloWU dDOuC the SAME IlIlle diiu
the selling was renewed with the result
that another small fraction was knock
ed off the previous lowest price. At
51s cents and 5Sb cents, a good lot of
short wheat was covered and more was
wanted than was for sale. The market
became weaker again about an hour
from the close and 81 cents became the
general trading price for some time
with sales down to 567s cents and at
those prices a vast amount changed
hands. Short sellers had by this time
dismissed all jealousy for each other
and in another half hour the price was
5634 cents. The decline continued up to
the close, the selling becoming more
and more urgent as the session adj
vanced. May reacted but Il cent from
the lowest figures of the day, finishing
at 557s cents.
Corn was easier at the opening and
became still weaker later in the day.
The receiving houses all appeared to
nave corn for sale and that being taken
as representing wheat bought in the
country, it weakened general sentiment
and with the heavy feeling in the other
grain markets acting and reacting upon
each other, corn in the end shared in
the general smash. Near the close. May
which closed on Saturday at AK cents
and also touched that this morning was
down to 45h cents. General lquida-
ton was the order among the holders
and it came with a rush during the last
forty minutes of the session. May clos
ed at 451a cents.
y heavy business was transacted in
cats and the direction the market pur-
sued was in no manner an exception to
the general course of all the makets on
the floor. Liquidation seemed to be
tho general cause of the decline. There
occurred slight rally at the end and
23ls cents was the closing price after
having had a range of from 301s cents
to 1885 cents. The last mentioned price
is thus far the lowest point of the crop
and rs cents under Saturdays closing
quotation which was at that time the
bottom.
DIVISIONS We're weak in sympathy
With the grain markets. The holders
also had grief of their own in the con-
tinued heavy hog receipts and free sell
ing of product by packers. The close
was the lowest prices of the day with
May pork 50 cents lower, lard 12115 cents
lower and ribs Is cents lower.