The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-03
GRAIN AND PRODUCE
CHICAGO GRAIN MARKETS SHOW
ADVANCED FIGURES.

Wheat More Than Makes Up Losses Suf-
fered Monday. May Closing 3-S to 1 1-2
Cents Better, With Corn and Oats 3-16
Cent Htgher-ProylsIons Slightly Lower
Liverpool Cables and Northwestern
Receipts Make for the Advance. in
Wheat = Bradstreet's visibIe-Marksts
in General.
Chicago, H., Feb. 2.-Wheat today more
than recovered al it lost yesterday, the
May option closing az 1ss9112c advance.
The firmness displayed by Liverpool and
reports of big cash business were the lead-
ing factors. OF the other markets. corn
and oats each advanced S-16c, while pro-
visions again suffered slight declines.
In wheat. Liverpool opened Id higher for
futures and I'd lower for spot wheat. That
and an impression that wheat had had
its break" as 1T was generally expected.
caused d firm opening here. May closed
yesterday at 74A@14ssc, and opened today
at from: 4AG4zsc. The failure of a rather
prominent Boston grain firm who were
Gong" on wheat in this market and the
selling out OF line onetheir account caus-
20 a decline in tie price Immediately after
the opening. May selling off to Iillc, but,
that being out of the way, the market re-
sponded readily to anything of a builsh
character that might crop up. Chicago AMI
northwestern receipts were small, though
the latter showed signs of recovery from
the snow blockaded roads of a week ago.
Chicago got 10 cars, compared with 107 on
the corresponding day of the year before
A1innear oils and Duluth received 260 cars,
against L. week ago and 664 last yea"
The ETadstreets visible statement showed
a decrease of 80, 900 bushels east of the
Rockies. showing that the interior elevators
are being drawn upon and assist in keeping
the visible from a more rapid decrease than
il would il only farmers deliveries could
he drawn upon. The total decrease in the
world for the week. exclusive of Pacific
coast Stocks, was 2,514,O bushels. BY the
time OF the announcement of the visible
decrease, the price Of May had recovered
to I47.c, and kept steadily on the upward
path, as Scod cash sales were reported.
Closing cables, showing 1G12d advances
for futures. also helped the market, ana
during the last hour prices were very firm.
a report that 100000 bushels of cash wheat
had been taken for prompt rail shipment
sent the price up TO 757sc. There was
slight reaction after that but the closing
was firm a: 7524c.
Corn was firm but inactive. There was
some disposition to cover on the part of
the shorts, in view of the strong wheat
market. Prices were also helped by ad-
ditional receipts of soft Iowa corn and re-
ports that great deal of the crop was
Eumarketabe. May opened &c higher at
244G3sc, sold to 24I2c, and closed steady az
24ssc.
Oats were firm at the start but fell off
later ana for a while gave evidence of be-
Ing a weak market. Toward the close,
however, a rally brought prices to a point
just about where they ended yesterday. The
aggregate business was only moderate.
Shorts were fair buyers and caused the lat
er advance. May opened about sc higher
at 1Sisc sold off to 177sc, then recovered
and closed steady at 1s1sc.
Provisions were heavy, owing chiefly to
the stocks having proved larger than had
beer looked for. Everything opened shade
lower than the previous days quotations
and the decline was moderately added to
during the day, though there was a partial
late recovery in sympathy with wheat. At
the close May pork was 7l2c lower at S7.65,
May lard 2ikc lower at $3.50. and May ribs
about 212c lower at s3.92laG3.9s.
Estimated receipts Wednesday,: Wheat.
% cars; corn, $40 cars; oats, 80 cars; hogs,
$1,000 head.
BRADSTREETS VISIBLE.
New York Feb. Especial cable and tele-
graphic dispatches 10 Bradstreet's, cover
ing the principal points of accumulation in
dictate the following changes in available
susSlies last Saturday, as compared with
the preceding Saturday:
Wheat-United States and Canada. east
OF the Rockies. decrease $4,000 bushels;
af1oat for and in Europe. decrease $50, 600;
total decrease worlds available 2,514.Ooo.
Corn-United States and Canada. east of
the Rockies, increase 1i7.0G0 bushels
Oats-Un.ted States and Canada. east OF
the Rockies. decrease 1890 bushels.
Aside from an increase of 50.0CO bushels
of wheat at Davenport, 5000 bushels at
various Manitoba storage points and "a, 600
bushels at Fort William. Ont, there were
no gains of Importance in available stocks
of wheat east of the Rockies last week
other than those covered in the Official visi-
BILE statement.
The more important decreases. In addi-
ton to those reported in the visible supply,
include 900 bushels in northwestern IN
terror elevators, 1900 bushels at New Or
leans, 5000 bushels at Cleveland, . go in
Chica go private elevators, 20.G0 at Lesven-
worth and 10000 in Minneapolis private
elevators.
The total net decrease in available stocks
of wheat on the aPcific coast. including
those at San Francisco. Stockton. Port
Costa. Portland. Ore, Seattle and Tacoma,
Wash, amounted to 1.1s4,0Oo bushels dur
ing the month of January.