The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-29
ENDSAT ElGHTY-TWO
MAY WHEAT FAILS TO MAINTAIN
ITS OPENING PRICE
tatistical Situation Furnishes the Bulk OF
Influences and Contains Not . Few Sur
prtses, the General Tendency Being to
Firmness- Corn Quiet. Nearly Feature
less and Little Changed Since Thursday
Oats Slow of Sale and an Eighth Cent
Lower-Provisions Trading Consists In
Changing January Contracts so May.

Chicago, Dec. 2s.-Wheat opened firm
and higher this morning. A big decrease
on passage was reported and the worlds
shipments were the lightest in months,
the figures for the last week being A.
391, 600 bushels. against 6,7S1,ooo bushels
the week before. There will be no reg
ular Liverpool markets until tomorrow,
but curb prices there were higher.
Opening prices for May were from s21s
TO S214 cents, compared with Thursdays
closing figures Of SIS cents. and SIS
cents was soon quoted. Although the
news was so bullish the absence Of spec
ulation initiated against an advance, and
after SIS cents had been reached, re-
actian to S15s@S17s cents took place. The
official report of the worlds shipments
made the total only 1874 200 bushels, OF
which amount ZIP, 0G0 bushels was con-
tributed by this country. The visible
supply statement was another surprise,
as, owing to the small exports from sea-
board last week, an increase was eX-
pected. There was a decrease Of 10000
bushels, against an increase of $4,000
bushels at the corresponding time the
year before. These two items had a
good effect and after the decline to SIS
cents mentioned, rally 70 S2ss cents took
place. The amount on ocean passage is
1,S40, 600 bushels smaller than a week ago.
The price during the last hour had many
iuctua tons between s1A cents and spa
cents. but was inclined to resist any re-
duction below 50 cetns, and that was the
closing price. Rumors of further bank
troubles were denied, and New York re-
r1nrfo1 pri1noH FOREIGN aO1anh
Those were the prevailing influences at
the close.
Corn ruled quiet, steady, and nearly
featureless, keeping within narraw
range, and very close to the finishing hg-
ur'es of Thursday. 1t did not derive much
benefit from the firmness In wheat, as
large receipts were reported today and
liberal estimates for tomorrow We're
made. May opened a shade lower at 25ss
cetns, and fluctuated between 25A625S
cents and ISIS ceents, closing heavy at
the opening figures.
Oats were slow of sales and easy. with
prices 1s cent lower at close. At the
start the feeling was steady, in sympathy
with the firmness in wheat. An increase
of 100000 bushels in the visible supply
caused disposition to sell and brought
about the weaker tone. May opened
unchanged at 20 cents, and sold at 201s
cents. dropped back to 1871 G197s cents.
and closed at 1875 cents.
The trading in provisions was almost
entirely confined to changing January
contracts over into May. Prices fiuc-
tuated very slightly, and for the most
part in favor of the long side, helped
partly by wheat and partly by firm
hog market At the close May pork was
a shade higher at $3.50. May lard 21a
Gets higher at s4O0G402, and May ribs
212 cents higher at $500.
Estimated receipts Tuesday: Wheat,
80 cars, corn, 355 cars; oats, S75 sars,
hogs, $1,000 heaed.
VISIBLE GRAIN SUPPLY.
New York, Dec. 2S.-The visible sup
ply of Grain Saturday, December 26. as
compiled by the New York Produce Ex-
chanfe, was as follows: Wheat, "a 49,
600 bushels, decrease, 10000; corn, 49,
93S, 5000. increase. $4,000; oats, 1916, coo,
increase, 1,042O00; rye 1896, 900, increase,
$4,000; barley, 4.S75,0OO, decrease. $780,
OOO