The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-15
SUSTAINED BY CORN
WHEAT CLOSES HIGHER AIDED BY
ITS NEXT NEIGHB0R.
AS on Wednesday, Buying Orders From ST.
Louis Strengthen Corn andGFurther En-
ables it to Materially Offset the Eject
of Large Primary Market Receipts on
the Wheat Market-Light Estimated
Receipts Gives Corn an Additional Lift
Good Buying i'm Oats by Shorts-Pro-
visions Weak and Lower.

Chicago, Feb. 1f.-Wheat started
weak but strength in corn stayed the
decline and May closed Il cent higher.
May corn closed II cent higher and
May oats unchanged. Provisions fin
ished at moderate declines.
May wheat opened from 4 to Il cent
lower than il closed yesterday 1t I'M
dulated between 5319 cents bid and 535s
cents sellers during the greater part Of
the forenoon, having more than recov-
cred the initial loss. Business was
very light Orders from outside We're
scarce. Corn was strong all forenoon
and that was the principal support re-
ceived by wheat. The primary market
receipts amounted to Ii, 900 bushels
compared with only $1,000 q week ago
and 265.o00 last year. The shipments
of flour from primary western markets
are liberal and added to the wheat ship
ments largely exceed the receipts of
wheat Exports from the Atlantic sea-
board consisted of 135, 900 bushels of
wheat and 1900 in the shape of flour.
Mail advfces referring to the recent
severe coud weather in Europe, express
lear for the condition of the winter
wheat crop OF southern Russia, which
f1rmneSs in corn continued to help
prices and May closed at 531a cents.
Corn was weak at the moment of
opening, but soon recovered from that
feeling and became strong. The offer
ings Of car loads in the cash market
were readily absorbed at an advance
corresponding to the advance which
took place in the May futures. Eleva-
tor men were, however, the only buy
ers of corn to go to stores They were
paying from 81 to cents under the
May price according to loca ton for No.
3 yellow to go in store and Offering car
go lots in store at Az cents under. The
inspection into store of 302 cars since
yesterday morning was the cause of
the opening weakness, and the subse-
quent strength was said to be due to
buying orders from st. Louis. Tomor-
row receipts being estimated at 30
cars, or 81 less than We're received to-
Cay, also helped the advance. May
opened at from 44A cents to 44@s cents
as against 441s cents at the close yes
terday, but it soon recovered and in
about twenty minutes had risen to ASH
cents. 1t touched 45A@45ss cents, re-
acted TO 45B cents, rose to 4515 cents
and closed at 451s cents.
The feeling in oats was firmer and
prices were during the greater part of
the session some higher. A generally
good business was transacted. The up
ward tendency Of the market was
caused partly by the strength in corn,
but good buying on the part of the
shorts was also influential in creating
higher prices. May started at 2S7s6
cents, sold up to 1895 cents, back to 1915
cents and closed at that price bid.
Provisions We're weak and lower
Heavy hog receipts, lower prices at the
yards and selling by packers caused the
easfness. The strength in the grain
markets helped prices to some extent
and prevented marked declines. May
pork closed 10 cents, May lard 21a cents
end May ribs cents lower.
Estimated receipts for Friday: Wheat
cars: corn 210 cars; oats $50 cars; hogs
a, 900 head.