The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-11

Light Worlds Shipments the Only Bull
ish Factor-wheat Closes Even-Corn
Dull, Fluctuations Narrow, Fair Cash
Demand-Heavy Oats Receipts Cause
weakness-Provisions Advance.
Chicago, March 10.-Wheat-May
opened at 647s cents. recession Of u
cent, and Immediately declined Il cent
more. At the decline, however, there
was good buying by traders and prices
recovered somewhat, May advancing to
65A q653s cents.
The weakest factor in the wheat mar
ket was the lower cables. Notwith-
standing the fact that this market ad-
vanced yesterday and had firm clos
ing, Liverpool came y pence lower,
which was an unpleasant surprise TO
the trade. That, accompanied by lib
eral receipts in the northwest, amount
ing to 467 cars, and the most favorable
weather, caused an opening break and
the weak feeling which characterized
the trading during the first nous of the
session. The only bull factor was the
liberal confirmation of the light worlds
shipments last week, which are not Off
cially reported al $500 bushels, or
about 700, coo bushels below the estim-
ated weekly consumption. But even
this was insufficient to check the weak
tendency. The expected government
report of the stocks in farmers hands
had a tendency to limit the amount of
business done, but there was evident
disbursement on the part Of holders,
and considerable liquidation resulted.
May opened Il cent lower, at 647sq65
cents, declined to 641% cents, reacted TO
GAS cents and back TO 64$4 cents. Brad
streets reported a decrease of 1,6S5,OO0
bushels in the visible east of the Rockies
and a decrease in and affoat for Europe
of 36S, 900 bushels, or total decrease OF
2,053, 900 bushels. That caused a stronger
feeling, and the market ruled steady
during the remainder of the session,
closing at 647sG65 cents.
Corn was very dull and fluctua tons
narrower if possible than yesterday.
There was a fair cash demand. May
opened Il cent lower at 301s cents and
closed steady at 30A cents.
Oats were rather heavy, and though
occasionally some activity was display
ed, the heavy receipts had weaken
ing effect. May opened at 207s cents,
and followed wheat, closing at 207s
cents bid.
More activity was displayed by provi-
sions than usual. The opening was
strong and higher, influenced by the
continued small hog receipts, and with
a good general demand and some pack
ers buying, prices were well maintain
ed At the close pork showed an adj
vance of 121a cents, lard, ~ cents and
ribs 10 cents.
Estimated receipts for Wednesday:
Wheat, 90 cars; corn, 260 cars; oats, 10
cars; hogs, %. 900 head.
CHANGES IN GRAIN STOCKS.
New York, March 1O.-Special cable
and Geographic dispatches to Brad
streets, covering principal points of &C
cumulation, indicate the following
changes in available stocks last Satur-
day, compared with the preceding Sat
urday:
Wheat-In the United States and
Canada east of the Rockies, decrease,
1855, 900 bushels; affoat for and in Eu-
rope, decrease, 36S, 900.
Corn-United States and Canada, east
of the Rockies. increase, $4,000 bushels.
Oats-United States and Canada, east
of the Rockies, increase, $4,000 bushels.
The only important increases IN avail
able wheat last week, not included IN
the official supply statement, were 49,
900 bushels at Fort William, Ont; 49,
90 at Winnipeg, 81, 900 at Akron, o., and
$4,000 at New Orleans. Corresponding
decreases included $4,000 bushels in
Chicago private elevators, 10000 in
northwestern interior elevators, $4,000
a Fort Worth $4,000 in Milwaukee pri-
vate elevators and 300 at Louisville
GOVERNMENT CROP REPORT.
Washington, March 1O-The agricul-
tural department today issued the fol-
lowing crop report:
United States Department OF Agricul-
ture, Report on Distribution and Quail
ity of the Corn and Wheat Crop OF
1S95eReturns from the township, coun-
ty and state correspondents of the de-
partment indicate as to the amount of
corn vet held by farmers, 49.S per cent
of the total crop, or LIZ. 100000 bushels.
Proportion and total farm reserves are
both unprecedented. \ year ago the
stock so held was but 476,0O00GO bush
els. The amount to be sold outside of
the country is estimated a PIG per cent,
last years percentage having been 1S4
The merchantable proportions is SS1
per cent, against S2.4 last year. Aver
age value of merchantable corn 25.6
cents and Of understandable 15.4 cents.
The wheat reserves in farmers hands
amount to 266 per cent of the crop, or
123. 600. 900 bushels. OF this amount "a
per cent is reported as coming over 1894
or before. The proportion of wheat
sold beyond county lines is SIS per
cent.
The tobacco crop of 1895 is found,
after a special investigation, to have
mn I 1cr-.
of as pounds per acre on 63S,95O acres.
Value of the crop $S5,57i,000.
KANSAS CITY
Kansas City. March 10.-Wheat-
Dull. nominally lower; No. ? hard CSC;
No. nominally 4sd54c; No. red FAC;
No. , Spring nominally &c; No. 6214c-
Corn-Active. unchanged No. 2 mixed
2267sc; No. white 2Sl4c.
Oats-A bout &c higher; No. mix
ed nominally 1Slzc; No. , white 1s12c;
Rye-No. nominally S6c.
Receipts-Wheat 1900; corn $1,000;
oats %. GEO
shipments-wheat 1900; corn 5000;
oats 26. 600.
Wheat-Weak during the greater
part of the session. owing 10 variety
Of bearish news. Late in the session
there was a stronger tone on buying
by shorts. and the market for futures
closed ISGIa cent under yesterday; spot
dull and lower. No. , red cash. 7oc;
elevator. 7IG72c track. No. hard 81
cents; May 62t4; July 62isc.
Corn-Futures weak a the opening,
rallied later on receipt Of bullish news
and closed steady; spot stronger. No.
mixed cash 257s g26isc; May 265sc;
July 2SSc.
Oats-Futures steady but quiet.spOt
firm. No. cash lS%sc; May 2o9sc;