The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-05

Chicago Ill, Jan. 4.-Wheat started this
morning at an advance Of 3sG9s cent over
I Saturdays final figures, initial trades in
May being made at prices ranging from S.
IS5jS cents There was abundance for
sale at those prices by people whose pre-
v:ous purchases showed a handsome profit
considering the heaviness of the quantities
some of them dealt in had on hand, the re-
suit being a gradual bust almost steady de-
cline until the price of May went down 10
81 Il about II 80 o'clock. Some of this SELL
|, ing came from outside points. notably st.
Louis, and was influenced by signal service
reports of snow in the winter wheat dis
trict ailaying greatly the fears of damage
10 that crop from freezing after the almost
unprecedented mild weather that has pre-
vailed. Chicago receipts were 60 cars and
81. Ooo bushels were inspected out of stora
Minneapolis and Duluth got only sol cars
against 64S on the corresponding day of last
year. The worlds shipments last week
finally reached 5.2o4.ooo bushels. against g.
$4,000 the week before and c, SCI 900 the cor
responding week last year. The visible
supply showed an increase of 2Gs, 900 bushels
Instead of a decrease OF about that much.
Closing cables were very firm and higher.
The market here,h owever, was kept down
by steady selling out of long wheat, great
deal of which during the last hour was
caused by several bank failures in the
northwest. The price OF May finally got
down to s3stc and closed easy at S37sGsic.
Corn opened a shade better in sympathy
with the better tone in wheat. but turned
weak as the leading cereal declined. Trade
was light with but little from outside
sources. May opened a shade higher at
257sG26c and declined with several nuctua-
RI oil .r,rsT 10
was the order Of the day in oats. The mar
ket opened steady but weakened later in
sympathy with wheat and on the decline
several good-sized lines were disposed Of
The visible showed an increase of $1,000
bushels, which had some effect. May op-
ened a shade higher at 1884 d!sc sold be-
tween 1875 and 1850. closing al 1910.
Provisions were rather tame and appear
ed 10 be as much under the influence OF the
wheat fluctuations as were the other grain
markets. Packers were moderate sellers
and long pork and ribs were likewise said
to have come upon the market IN small
lots. At the close May pork was l2lsc
lower at $780, May lard 2i.c lower a. Ss.SsI.
and MAY ribs about sc lower al S-97i5.
Estimates for Tuesday: Wwheat sSs cars;
corn 20 cars; oats 30 cars: hogs aeO head
VISIBLE GRAIN SUPPLY.
New CIh- J6-l- 81 ne NLcADic supply OF
grain Saturday. Jan. > as compiled by the
New York produce exchange was as fol
lows: Wheat 1853, coo bushels. increase IS.
COO; corn IS. L. so. increase e5S1uo; oats -
os9. Coz. increase si3oeo; rye S.0s70oo. increase
81 coo; barley +.s0s.Cso decrease E79Oda.
A MARK LANE FORECAST.
London. Eng, Jan. 4-The Mark L.are Ex
press, reviewing tbs crop situation. today
says: The usual increase OF cold n jan
uary viii not be unwelcons 20 agriculture.
On the continen. the outlook Is satisfactory.
Rains have fallen IN Australia, bu, too late /
10 be OF any use except in Tasmania TIE |
news from Argentine Is more gloomy than ]
AZ Christmas The Russian wheat c-ep OF 1
isss is seIn.-offlciaiiy stated 70 be 40. co /
quarters below that OF 1855, ard seq 1og I
quarters below the number OF ISSs-"
ONTARIO WHEAT FOR EXPORT
New York. Jan. A Montreal dispatch /
10 the Evening Post says; Large stocks /
~ Ontario wheat are being bought Tor ex-