The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-23


Chicago, Ills, March e2.-Wheat began
the week in a rather wobbly condition, in
itial sales this morning being from I44Esc
below Saturdays close and with a bearish
sentiment prevailing. Gables showed
slight decline and while crop reports were
mixed, the general outlook seemed more
favorable than year ago. The txtreme
dizziness and narrowness in trade and the
weakness in the early Liverpool cables
more than offset the bullish statistics and
caused a good deal of liquidation, which
was chiefly responsible for the weakness.
Crop adv:ces from Illinois, Indiana, and
Missouri were bad but those from Kansas
and Ohio were fairly favorable. The visi-
bic supply decreased more than expected,
the figure being 1,0l9,0oo bushels and the
| clearances from the seaboard were again
| large, about AS, coo bushels in wheat and
| flour, but no demand for export was re-
ported. Worlds shipments last week were
| trifle less than 100000 bushels, against
| 3.6S7, 900 bushels the week before and 400
| Go bushels the same week last year Moth
| ing could infuse spirit into the bulls. how
| ever. and the price within an hour of the
| opening was iLc below the price at which
| It closed Saturday for May delivery, Crop
| damage reports from St. Louis and the
! fact OF that delivery showing no decline in
| that market caused comparative firInness
| in July. Minneapolis and Duluth received
! ga cas- of wheat, against t312 week ago,
and ISL cars the corresponding day of last
| year, Chicago receipts were II cars against
I IS a year ago. The st. Louis support 10
July was finally withdrawn, owing TO the
bearishness of this market. and In the last
half-hour bears were in control everywhere
May started al 737s7i14c against Saturdays
close of 7412c. 1t eased off 10 !Si4q1SSsc. re-
| covered to 73l4Qi2c and declined to 72Ac,
| closing at 727sc.
Speculative business in corn was fairly
active and a stif fight vas Kept up be-
! tween the bulls and bears. with the final
! result decidedly IN tie latter's favor. Much
| of the weakness was due 20 tho decline IN
| wheat, although the seduction CT 1Ac In
western freight rates announced 10 so into
effect at once undoubtedly had great in
| fiuence. Seabosrd clearances were i.112,0o0
bushels. May opened isc lower at 2issqs4c,
and declined TO 24lzc, where it closed.
Oats were rather dull although fair
| business was transacted. Fluctuations were
| influenced entirely by the acton Oh wheat
| and corn, but On a more moredate scale.
| May started at a shade lower, 11.TlFic,
sold at Use up to 17i4c. e.d closed at 17lsc
| bid. The visible supply showed an increase
of $4,000 bushels, which may have assisted
| in the heavier feeling.
Provisions were weak under the influence
OF some realizing by holders, who, though
still feeling bullishly on the market, were
said to be taking chances OF getting the
! property back later for less money. The
| tendency Of prices was downward from
the start. At the close May pork was 12'.c
| lower. at sS.7Hs; May lard 10 lower, at si.2Q,
and May RIBS loo lower, at 04.I0,
Estimated receipts Tuesday: Wheat, 90
cars; corn, 80 cars; oats. 100 rate; hogs. IS
| 600 head.
VISIBLE GRAIN sCPPLY,
| New York, March 22-The visible supply
| of grain Saturday, March 20. al compiled
| by the New York produce exchange was as
/ follows: Wheat 40, i03 coo bushels, decrease
! 0IQ n10. cOrr1 96 hfrSbelc decrease TQ