The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-26


gard Is the Chief Source of strength
Very Light Receipts, But at the Same
Time There Is Snow on the Wheat
EieIds-May Opens at 8 IA Cents and
Closes at 80 I-ea79 5-s-LIttie Done in
Other Gra,u--Provistons Lower-Visible
Grain Supply-GovernmentC Crop Report
Chicago, H., Jan. 25.-Wheat opened very
firm at slight advance this morning. First
Liverpool cables showed an advance, but
the principle source of strength vas the
bitterly cold weather prevailing all over
the northwest Both local and northTes-
tern receipts were very light for the same
reason. Minneapolis and Duluth reporting
but Is cars, against 313 last week and IA
last year. But the fact that the winter
wheat fields were all covered with snow
served to ally apprehension. Trading was
extremely light and the offerings, though
small, were sufficient to cause the market
to sag. May opened ar S0i4 cents, COM
pared with Saturdays closing price Of Sois
cents, and slowly declined to 1874 ass cents
selling at 1875 cents at the end Of the first
hours trading. Latr II got down TO 9S34n
1895 cents, but firmed up again near the
close. due to an indisposition among some
few scaIpers to go home short with the I'M
certa:nties of the Washington agricultural
report hanging over them. The closing
price was 79129795s cents.
Corn was Inactive and nearly featureiess;
the price held about steady during the first
hour when wheat got easier, corn also sold
off a fraction The visible increased 1885,
eco bushels, against an incre ase of 2,7lS,O00
bushels last year. May opened shade
higher at a cents, f1uctuated within a 4c
margin and closed easy at 237sc.
Oats were quiet with nothing of any con-
sequence TO report on the market. Trad
ing was rather limited and entirely OF a
local scaiping nature. A slight decline
was noted, due 10 the sympathy with
wheat; May opened shade higher at 175sGe
lSc, sold at 1sc. declined to 17a4c. and clos
ed at 172z Gl177sc.
Provisions were very slow. There was
momentary strength at the opening on the
moderate hog receipts, but the market soon
fiattened out and for the greater part of
the day, prices tended downward. Near
the close some covering by shorts produced
a reaction and most of the early loss was
lower. at ss,021z: May lard a shade lower
at s4O712, and May ribs a shade lower, a:
$40.
Estimated receipts Tuesday: Wheat,
a cars; corn, $50 cars; oats, 325 cars; hogs.
81, coo head.
VISIBLE GRAIN SUPPLY.
New York, Jan. 25-The visible supply Of
grain Saturday, Jan. %, as compiled by the
New York Produce exchange. was as foi-
lows: Wheat. 81, 295, 600 bushels decrease
1,l64O 600; corn q, 600 increase 1876 coo BUSH
els; oats, 1878, COO decrease, $4,000; rye, g.
665, 600, increase DID, OOO barley, 100000 de-
crease 275, COO
GOVERNMENT CROP REPORT.
Washington, d. c., Jan. 25.-The esti-
mates by states and territories of area, pro-
duct and value of the principal cereal crops
of the United States for 1885, made by the
statistican of the department of agTicul-
ture, are as follows:
Winter wheat-Area %, 1914, 900; production
2s7. 49,. 900; yield per acre lis bushels.
Spring wheat-Area II, S25, 600; product $50.
10000; yield per acre 1875 bushels. Total
wheat area 3i,6l9,9co; product 427.6si. 900;
vai'Ie 1910. $4,000; yieii per acre 124 BUSH
els: farm price per bushel 72.6 cents.
Corn-Area 81, 627,OOO acres: product 2.oSs.-
900 bushels; value sie1,007, 600; yield per
acre 2S.2 bushels; farm price per bushcl 2l.5
cents
Oats-Area 27.565OOO; product 707,S46,o 900:
value s132, $4,000; yield per acre 25.7 bushels;
farm price per bushel 1871 cents.
Rye-Area 1,S31.Oo0; product 1853. 600;
value s9,96l,00 yield per acre 1873 bushels
farm price per bushef 400 cents.
Barley-Area 2,s51,oO0; product 69.S95.oOo.
value 81, coo; yield per acre go bushels;
farm price per bushei 32.3 cents.
Buckwheat-Area7 10000; product 1900
600; value S5,522, 600; yield per acre 1871 BUSH
els; farm price per bushel 80 cents.
oPtatoes-Area 2.276.Oo0; production 90 2Sj,
000; value LOCO; yield per acre OIL bush
els: farm price per bushel 81 cents.
Hay-Area 1850 900; product So, IS, 900
tons; value sSSS.146,000; yield per acre 1S7
tens; farm price $3.50 per ton.
Tobacco-Area $4,000 acres: product 4n3.-
1900 pounds; value 81, 25S, 600; yield per
acre 67S pounds; farm price per pound 6
cents.
The minister to Argentina. Hon William L
reports to the state depart
ment under date of Dec. 9:
IT have followed the news from the en-
tire wheat districts very carefully for the
past three months and have Travelled
through one of the wheat provinces. The
obesrva tons lead me TO believe that the
quantity for export viii be between 4s0. 900
and $4,000 tons. probably nearer the first
than the sefond figure. The amount ex-
ported during this year has been 5s4,54s
tons"
INDIA'S SHORTAGE. |
London, Eng, Jan. 25.-The Mark Lane
Express today in its crop review estimates
The shortage OF the Indian wheat crop at |
upwards OF a million kuarters and says: |
The increased pressue of American -four in |
the British market is causing jpme ankle |
ty TO the millers, who fiattered themselves |
at this time in 1895 that American compel |
ton had been collared