Kansas City daily journal., 1897-01-15
WHEAT ABOVE 80 CENTS.
MAY CLOSED WITH AN ADVANCE OF
Use YESTERDAY.
Enormous SeabOnrd CIenrnnces and
Active Buying by Foreigners the
Principal FactOrS-AII the
Other Markets Higher.

Chicago, Jan. 14.-Wheat to-day again got
sQuarely above the soc mark. the May op-
ton closing with a 7sc advance. Enor-
nous seaboard clearances and active buy
ing by foreigners We're the principal factors
in the strength which prevailed all day.
All the other markets were correspondingly
strong, corn advancing sc, oats about the
same, and rrovisions lOd20c.
In wheat the only weak spot was at the
opening and was caused as usual by the
Liverpool market. which opened I'D lower
although this was only in line with yester-
days decline here. The price of May here
began over a range of from 79Isc down to
7sl4c, as against 799sG7g2ic the previous aft
ernoon. The lowest of those opening quo
tations happened TO strike the bottom for
the day. An advance to SO1kc by 1890 was
not straight, undisputed rise, however
After touching soc IL reacted to 1880, and
even after that there Were numerous short
l lived drops of &c oT so. The seaboard sent
/ the builish news and and the early buyinrr
| orders later in the day. st. Louis became
/ an anxious buyer. On the first symDtom
Z of the latter purchasing. local sellers dried
uE. and not until the MAY price was well
over soc could they buy much. Local re-
Icelpts were II cars, against IS n year ago
Minneapolis and Duluth reported 217 cars
against -O9 last week. and 4G3 on the cor
responding day of the previous year
iCloSlnE Continental markets We're steady
TO firm; New York wired the foreigners
iwere doing considerable buying there and
some very bullish news from Australia wns
put aioat, the substance of it being that
from an exporting country sending ouf
about 12,0OO000 bushels per year. she had
changed TO an importing country and wouId
want fully 100000 bushels this wear The
export clearanCes began early in the day
20 affect local speculation sentiment. Ros
ton commenced proceedings by reporting
10000 bushels cleared: then came NeW,
D ork with exports OF 90 900 bushels and
IN the end the quantity was swcIIed 10 the
FquNdleht OF i41H9 bushels in wheat and
flour together. That includes 81 900 barrels
pf Hour from Newport News. This was the
hctNe i2iuence in the last hour NAV
lnally sold uD to SG5sc and closed firm at
'fOlseISo "
45sC Tor May and. under the eucoura geToent
Il n strong provision market and The ad-
Lnce IN wheat, II got up TO 2I7Sd2Jc near th,
nd Of the session and closed al thar -Tba
most remarkable feature of the DAYS
: -GoTement was the enormous ,laaran Nc,
'iroH the ssaboard which Included 95s Hra
rom Newport News. '''''
tt'ats were active. firm and higher
The feature was the nu,-inp bv So,
ral OF The large shorts SCllinir vas
euurlate and scattered. PRINCIPALLY amongr
ScNator people and professional bears.
igy opened = shade lower Mt 1Si%
.lSssc sold OF lGzc. advanced 10 1aIsc and
3osed with isulsisc hld. The first sale of
uly this year was made to-day at I9I;c
ater sales We're rs high rs 1aTsc
Provisions opened with q full continu,
nee OF yesterdays strength and held II
AroughOut the session. which was the
-ost active experienced in a long time
'cceirts ran much below the estimate and
Fis, With the marked strength displayed
p the grain markets was very Influential
starting the shorts 10 covering Foreign
Fders were also prominent. At the close
Iay PORK was 22i2c higher at SSI5; May
.rd. l0c higher at Sii5@4l7Is, and Nav
bS, l0C higher At $500