The Wichita daily eagle., 1895-01-13
SHORTS WERE BUSY
THEIR CcVERING INSTRUMENTAL
IN ADVANCING WHEAT.
Vheat Opens Sluggish at About Unchanged
streets Report on the Smallness OF the
Invisible Supply-This Starts it Skyward
and it Closes Five-Eighths of a Cent
Better-Other Wheat News Mixed, In
clining More to the Bullish-Corn In
Better Condition and Firmer.

Chicago, Jan. 12-Cold weather, light re-
ceipts and Bradstreet's statement con-
cerning the smaliness of the invisible sup
| ply set wheat shorts 10 covering today
and May closed IS cent higher. May corn
/ closed 2s cent higher; May oats. = cent
higher and provisions at slight advances.
The wheat market opened rather slug
gish and with very little change from the
| closing price of the day before, but very
soon number of buyers started up and
the price rose buoyantly and advanced
readily from 5Sls45Si4 cents at the open
ing TO 5Sz4 ass cents in the course Of the
next forty minutes. The statement by
Bradstreet'S confirming to some extent
the views expressed on Thursday by the
Cincinnati Price Current with reference
TO the SmallnesS of the invisible supply
this year compared with that OF the year
before was the principal cause OF the firm
ness. The other market influences We're
OF mixed character. Foreign markets
were quoted about steady and the export
cledranceS for the last twenty-four hours
from the Atlantic ports and New Orleans
were the lightest that have been recorded
and not enough -four to bring the total
up to 10000 bushels. Receipts, however.
ascribed 10 accidental circumstances.
BradstreetS gave the weeks clearances
from both coasts at 2,5S1,c00 bushels in
wheat and -four. Primary market receipts
bushels on the corresponding week of the
year before The severely cold weather
which in Missouri and Kansas, where the
wheat plants have no snow OF rain, was
accompanied by winds, helped in the de-
moraliZatiOn of the shorts which took
place. The market ruled strong all day,
and May closed at 5Ssss 45S3. cents bid.
Corn opened firm and continued so.
The strength Of wheat helped il, but its
improved tone came IN some degree also
from the better condition of the grain,
and the consequent greater confidence in
Spired thereby among those who wish 10
store IL. The cut in rail rates 10 the east,
II is expected, viii wake up the shipping
movement and remove the dead load of
the daily receipts from the shoulders ot
the local crowd. May opened at 4sSG+S
cents. Liverpool was quoted firm and i
pence higher.
Not very much attention was paid to
the oats market, vet a fair buinsess was
transacted for Saturday. There Were
some buying orders on hand. and that,
together with the influence of the neigh
boring markets, caused a firmer feeling.
May sold at 3l93lIa cents and closed at
31lsd3l4 cents.
Provisions were barely steady at n
slight advance at the opening but became
ffrmer later and closed at fractionally
better prices than on the day before. Hog
receipts were 1900 head and q 900 are
estimated for Monday. a better demand
was reported 10 exist for cash property
and the packers We're evidently disin-
clined 10 sell a head at going rates. At
the close pork had secured an advance OF
az cents, lard 2i2 cents and ribs cents.