The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-17
HAS A KICK TO IT
WHEAT GAINS A HALF CENT AL
THE CLOSE OF A WEAK DAY.
Cable News Dull But Other News Quite on
the BuIlish Order-Lighter Receipts,
Actual and Estimated From All Points
Northwestern Mills to Ecsume-Free
Selling Again Gets in Its Workbench
Situation Helps at Closing-Corn Weak'
With a Narrow Range-Oats Sustains q
Sellers Raid-Proyisions Drop.

Sellers Raid-Proyisions Drop.
Chicago, jan 16-After a weak sess-
ion, wheat reacted at the finish today
and closed Is cent niger for May, aided,
possibly, by rumors Of the French pre-
tenders activity. May corn closed un-
changed; Nay oats Il cent lower and
provisions finished at sharp declines
The receipts OF wheat were again
small export clearances heavy and -four
mills which have been closed for some
time reported as preparing to resume
operations, but more wheat was offer
ed than there was buyers for and the
price broke in consequence. The OPP
ening price of May wheat was irregular
from 5734 d57S cents, not much of it
at that time going for less than SIS
cents and for some time the market
all that was offered at from 57B cents
and from that down lie cent less. As
the session progressed, however, the Of
ferings increased and the early values
could not be sustained. 1t dropped to
575s cents and although it had a mid
day rally to 57A@57B cents it was
again hugging the previous lowest
price about thirty minutes from the
close. The foreign markets were dull
and a shade lower. Apart from the
dullness of cables everything else IN
the shape of news was bullish. Chicago
received ~ car loads compared with
127 cars year ago. Minneapolis re-
ported 134 cars and Duluth 81, or 1855
together, compared with 210 cars on the
corresponding day of the week before,
and 2S4 cars year ago. Primary
market receipts all told were 211,000
bushels against 237 900 a week ago and
$4,000 a year ago. The Atlantic export
clearances of wheat and flour amount
ed to the equivalent of $500 bushels.
Preparations were being made TO start
up more Touring mills, both at Mime
apolis and Duluth, the former place
wiring that owing TO increased produc-
ton this week indications We're that not
much, if any increase would be shown
in their stock of wheat. A cablegram
from buchanan, the American minister
to Argentine, to his friends, Van Dusen
&, Co, of Minneapolis. put the exporta-
BILE surplus of that country at l,OoO.oO0
tons, which means 33,000,000 bushels
or 81 600. 600 bushels. There was moder-
ate buying at the finish and May closed
at So cents helped perhaps by the
French troubles.
The corn market was weak during
the greater part of the day but rallied
with wheat near the end and wound
I'D firm. The range Of prices was mar
row, being kept within Il cent. The eS-
innate of an exportable surplus OF corn
from Argentine of of 33,0G0,000 bushels
from the growing crop was USED
against themarket, the exports from
that country last year having been
next to nothing. Receipts here today
were 166 cars, only one of which grad
ed contract The estimates for tomor-
row are 175 cars. The opening price
for May was AIS cents, it dropped OF
to 4Z5s cents and at the close there were
buyers at AIS cents.
The oats market started with the
promise of a very quiet day but be-
fore half the session had passed, a
raid by a few prominent speculative
firms, aided by the scalpers, caused
considerable activity to spring up and
prices to decline. The commission
houses holding orders to buy were on
hand and bought freely on the decline.
Towards the close their free bidding
rallied the market to within 1sGA cent
of where il started. Norton, Worth
jngton and Bartlett-F'raZier needed the
carly selling and Puff-Slaughter and
Schwartz Dupee We're heavy buyers lat
ar. Nav sold from 81 cents to 311a cents
and I'D again to 30% Q301s cents where
Ii closed
The provision market was very weak.
The receipts OF hogs, Wnlcn II WAS esu-
mated yesterday would number $4,000
head, and which then was considered
more than enough to cause weakness,
turned out to amount to $1,000 with an
other $1,000 promised for tomorrow.
A drop of 20 cents in pork, 1212 cents in
lard. and Is cents in ribs was natural
to the circumstance. At the close the
market stood at 171a cents lower for
pork and 10 cents each for lard and
ri