The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-01
LIVERPOOL DID IT
WEAKNESS OF THAT MARKET
DRIVES WHEAT DOWN.
Little Opening Demand, and the Local
Crowd Follows the English Lead at All
Eyents-Bullish News in the Cincinnati
Price Current-Threatened Cold Wave
Checks Sales Near the Close. Which is
at a Quarter Cent Lower-Corn Half
Cent Lower-Oats Dull and LOwer--Pro-
vision Gain.

Chicago, Feb. 2s-Wheat struggled
tiraarily today in an attempt to score an
advance. but despite the fact that much
news was bulish, the weakness at Liver
pool overshadowed other influences, and
May closed Il cent lower. May corn
closed Y cent lower, and May oats y
cent lower. but provisions made slight
gains.
Wheat at the opening did not appear
to be wanted badly although the Chicago
Price Current was buIlish and much of
the foreign news was damaging. Liver
pool was weak and the local crowd
seemed determined TO follow the English
lead, prices here declining principally
IN sympathy with that market The
receipts of wheat at Minneapolis and
Duluth were S29 cars. compared with 32s
week ago, and 264 on the corresponding
oay 81 the year before. The export clear
ances of wheat and flour from the Atlantic
ports amounted 70 50,000 bushels The
LiVerpool market closed at from u pence
10 = pence decline on the future but at
Perls the short sellers of -four for Feb
IuaTy were evidently having a bad time,
mat delivery being quoted 3 marks high
er Wheat there was quoted closing 8
centimes higher for March and confines
higher for May and August Berlin y
marx advance in wheat Here the price
oa Nay opened at 5S7s cents, with some
sales at 5SA d53s cents. 1t rose to 54L
cents, sold down again to 537s cents, and
after ruling between that and spa cents
'or time, it dropped TO 53ss asa. cents
ana was steady at 53G4 d535s cents about
twenty minutes from the close. a
threatened cold wave restrained many
who We're otherwise inclined to press
sales near the end. and May closed at
53%. cents.
Corn had very little support from local
dealers and not much from outside
There was no pressing desire from any
quarter to do business and consequently
the trade ruled dull. The fluctuations
were confined to a narrow range the
highest for May being 45AGi53s cents
ana the lowest 447s cents, the latter
ruling at the close The opening trades
were at 45$sGts cents. against ass cents
at the close on the previous afternoon.
Receipts We're 247 cars, AZ more than
had been estimated, and 200 cars are the
estimates for tomorrow. Both todays
receipts and tomorrow's estimates are
not considered.
\ very duh session was passed in the
oats market. Fluctuations were ruled
cents, sold up to 291s cents, down to 29A
cents, and was offered at that price at
the end.
The provision market was firm for the
most part, DUE it is said, to the cover
ing OF shorts by the Cudahy Packing
company and some others. The con-
cerp referred to credited with buy
ing 100000 pounds of ribs and $500 or |
5000 barrels OF pork. Sam Wolf and
buying early in the day and selling on the |
advance. May pork closed at 10 cents |
advance. Lard and ribs cents.
estimated receipts for tomorrow: !
wheat. 15 cars; corn, 360 cars; oats, 10
cars; hogs, $1,000 head.