The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-31

Chicago, Ills, March 30.-Wheat was very
weak all through todays session and clos
I'd at full nc decline. The weakness al
Liverpool, and heavy northwest receipts
we're the factors in the decline. Corn, oats
Ind provisions were not affected by the
weakness of wheat Corn and oats closed a
shade lower and provisions about 2ls cents
nigher.
In wheat everything seemed to be against
the bulls at the opening. May, which clos
II yesterday at nssc, opened with sellers
1t from 72s4c down to 727sc; not many at
1t latter figure just then, but plenty OF
them at 72l2c, which became the regular
trading price for a few minutes. In about
IN hour and a half from the Start. the price
was down to 7i2zc. The Liverpool quota
IONS before this market opened were izd
lower than at the close yesterday Mime
apols and Duluth receipts were 81 cars,
Compared with 40 Tuesday week ago and
tS5 the corresponding day of last year. The
Thoman report differed radically from the
Shows report, thus confirming what had
been rumored about ii yesterday. Thoman
gives the condition materially higher than
year ago, with promise of $50 900 bush
els at the harvest, while Snow gives The
condition lower-with one exception-than
ever known before This radical difference
In the judgment of supposedly trained ex-
perts evidently disguised the trade with
figures, and little attention was paid to
them. The figures on the northwest re-
ceipts were very depressing. 1t was I'M
derstood that New York operators had a
good many selling orders and that they
were being pressed on the market; exhaust
ed margins and stop-loss orders also play
ed a conspicuous part in bringing about
the break, One of the severest blows dealt
the bulls was a late private cablegram
quoting another I'D delcine at Liverpool
Bradstreets report on the worlds visible
gave the decrease for the week at 1,95l, 900
bushels, whereas 3,5O0O0O bushels or more
had been looked for. There was a rush to
sell upon that information. and May, which
had recovered to 72c, tumbled instantly to
7&c, for the second time. 1t was found,
however. that the 1870 bushels decrease
applied only to stocks in this country east
of the Rockies, The changes for Europe and
on ocean passage not being forthcoming.
The price recovered a trifle on that, but
the bears were in too thorough control OF
the market for any kind of bull news 10
have any effect and during the last few
minutes renewed liquidation set in. May,
after touching 7112c, closed weak at 71120
7$sc.
Corn was remarkably firm, considering
the weakness of wheat. Fluctuations were
extremely light, however, and shorts were
the best buyers. Liverpool came higher,
northwest receipts were expectd to be light
and exports were large, 5000 bushels, all
of which made a steady market. May OPP
ened shade lower at 242lG243sc, and did
not get on either side of those figures all
day. The closing quotations were 24Gei7sc
bid.
Oats were extremely dull and uninterest-
ing. There was no especially influential
news, and the tendency was generally to-
wards easier prices. The market had some
support by people who put out short lines
yesterday. The visible supply decreased
1900 bushels. Seaboard clearances were
a260o bushels. May opened unchanged at
i7i4@l79sc, sold at 171sG117llc and closed at
l71.c bid.
Provisions were strengthened by the re-
ceipts OF hogs, which were even smaller
than the small estimat Armour was credit
ed with buying ribs at the opening, but
speculation, as a rule. was very light. The
opening was at a slight advance which
was nlalntalneC all Gay. AL the close, May
pork was a shade higher, al $50; May lard
PIC higher at s,.25, and May ribs about sc
higher at Sf.621ad465.
Estimated receipts Wednesday: Wheat. 20
cars; corn, 1o7 cars; oats, lis cars; hogs, a.
90 head.
BRADSTREET'S VISIBLE.
New York, March 30.-Special cable and
Geographic dispatches to Bradstreet's, COW
erlns the principal points of accumulation,
indicate the following changes in availa-
bic supplies of grain last Saturday. as COM
Pared with the preceding Saturday:
Wheat-United States and Canada. east
of the Rockies, decrease 1,s51,0O bushels.
Corn-United States and Canada, east of
The Rockies, decrease !, 900 bushels.
Oats-United States and Canada, east of
the Rockies. increase 81. 600 bushels
The more important decreases of wheat
stocks last week were S3S 600 bushels in Chi
cage private elevators. 10000 bushels in
private elevators. 1900 bushels
at various Manitoba storage points, and
s., 600 bushels at Cleveland
The only corresponding increases were
$1,000 bushels at Fort Williams, Ont, and
$1,000 bushels at Louisville
GRAIN AND PRODUCE MARKETS.