Kansas City daily journal., 1897-01-06
HOUSTON, FIBtE & co.
BONDS and STOCKS
PRIVATE WIRE TO NEW YORK.
Kew York Bonds and Stocks dealt In for cash or
carried on margin: also. all Local Investments.
Tel. 2oO5. 52O Delaware Street.
WHEAT GOES DOWN AGAIN.
LOSES 5-sc ON WEAK FOREIGN MAR
KETS AND CONTINUED SELLING.
Mondays Bearish Feeling FREEDOM
mated, Despite BulIish News
Other Markets Dull, With
Little Change in Prices.

Chicago, Jan. 5.-Wheat lost sc to-day.
and now stands exactly where it did at
the end of the year. Weak foreign markets
and a renewal of the selling characteristic
of yesterdays session were the factors.
Other markets were dun and without note
worthy change in value.
In wheat. the bearish feeling created yes
terday by the dumping on a narrow market
of some four or five million bushels of
long wheat was, still perceptible at the
opening. May opened at from S5;sc 10
SIC, or about where it let or yesterday,
and after an hour s trading on rather
limited amount of business May got down
10 SSIAc. The pre3onGeraEce ot news was
builish. Liverpool was only iaaizd lower
at the opening or from &c TO K per GENITAL
decline, as compared with the 1c per BUSH
cl drop here yesterday. Receipts at Chi
eago were 81 cars. against 1e5 on the SINH
lar day of the year before. Minneapolis
and Duluth receive 149 carloads, compared
with 5i4 week ago and 4l4 on the corre-
spending day OF the year before. The great
falling of in Northwestern receipts was
ascribed TO the blizzard which had been
raging in that region for two days.
Thomans report claimed that the stocks
of wheat in farmers hands and in the
visible are now 6S,0OO.OOO bushels less than
at this time last year, and that should we
export for the next six months only the
Same as we did the same six months last
year we will then have only 36, 900 bush
els left in both the visible and the invisi-
BILE supply. But It was hard to get up any
interest in the trade, and there was lack
of confidence and disposition TO get rid
of long stuff, especially after the weak
closing European quotations were posted.
1azav haFp xH-sast
allowed to recover itself from the constant
pounding it had been subjected TO all
morning. At u o'clock, when Bradstreet' s
worlds visible supply statement was due,
the price had recovered to S3Isc. The pub
lication of the visible in question did not
help 1t, the decrease in the stocks being
only $3.50 bushels. New York reported
between thirty-fiVe and forty boatloads of
wheat sold there for export to-day and late
yesterday, which helped to steady the mar
ket, and at the close the price of May had
recovered 10 S31.aS37sc.
Corn was not quite so much influenced by
the weakness of wheat to-day as it was
yesterday. Local receipts were only 1S9
cars and seaboard clearances were heavy,
amounting to 6S4, ,S03 bushels, both of which
facts tended TO sustain prices. Trade was
very small and fluctuations nearly all mar
/ row. May opened unchanged at 259sc. sold
! between 255sa2594c and 259sd25lzc. closing
steady at the opening price.
Trading in oats was trife more active
than I'm corn. but was almost entirely de-
pendent on wheat for the feeling displayed.
Sales were made in exchange from Janu-
AIRY 10 May at 3l4c dieftrence. Bradstreet's s
showed a decrease of 202. 900 in the visible
but IT had no effect on the market. May
opened &c lower at 1880, declined to 1870
and closed at 1889
Provisions We're dull until near the end
of the session. when a little life was in
ID. 1aV-
packers. The trade was so small that 1t
took very little buying to advance prices
the notch or two they wound up with. At
the close. May pork was SC higher. ut S7.S5:
May lard. unchanged at S3.97I2: May ribs,
QUO higher at Si0O.
Estimated receipts Wednesday: Wheat.
IL cars: corn, 15S cars; oats, 10 cars; hogs,
N 900 head.