The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-21

Chicago, H., Jan. O.-Wheat was help
ed today by the good cash business here
and st. Louis and closed al a sc advance
after webbing about nervously all through
! the session. Bad weather kept corn and
oats steady, the former closing at a slight
advance. Provisions were strong and closed
2izdl6c higher.
In wheat, Liverpool was again the fac
| tor at the opening. That market opened
| I'd lower, which was not at all commen-
surate with yesterdays local decline. and
| cables showed this loss recovered. Open
| Eng quotations for May were 791zQS4c, COM
pared with yesterdays closing price of %
| &c, and sold ct once to 797sGS0c. Al
| though the Liverpool market opened al I'D
| decline, May wheat here started shade
firmer than it closed yesterday. The OPP
ening business fas at from 791.d54c, and
before it sold below the lower of these
prices, it brought &c more than the high
| est 1t then gradually declined again TO
7919c and even to &c for few seconds, sold
IA ter under The influence of what appeared
from ct LOUIS about demand for cash
wheat there and the quantity sold yester-
day afternoon at the same place. The
price had sudden rise to sc1sc before the
sellers again outnumbered the buyers. The
first decline after the comparative strength
at the start was owing to reports of a re-
newal of yesterdays weakness at the local
stock exchange. The chief interest center
ed around the amount of wheat sold at St.
Louis to 90 to Southern milers. The last
report concerning it was that during yes
terdays session 5000 bushels were sold.
and before the close of the session 81, 900
bushels more. In addition 10000 bushels
were sold today, making total of 40, coo
bushels, and it was reported that ali of it
was to millers in the South. Chicago also
did a good cash business, two prominent
brokers reporting sales of $4,000 bushels.
Chicago receipts were % cars, against 20
cars last year. Northwestern receipts were
also small. Minneapolis reporting 155 cars
and Duluth 81 cars, a total og 2l2 cars with
2l3 last week. and 2e5 last year. The clos
ing cab]egrams did not differ materially
from those received earlier in the day. Vir-
ginia and Georgia millers were making in
quiries in Minneapolis with a view to pur-
chasing spring wheat, and an actual sale
Of 10000 bushels at Csc per bushel delivered
at a Georgia station was reported from
Minneapolis as having been consummated.
This and the cash business made a strong
feeling toward the close and May. which
IN the meantime hdd decIned again 10 80
&c. advanced to SOzGSsc, and closed at
S0hGAc.
Corn was fairly active and steady with
but few sales in large lots. Some weak
ness developed in sympathy with wheat,
but the unfavorable weather and some COW
ering of shorts caused by the strength to
wheat rear the close, gave an up-turn to
the market. Clearances were liberal, &C.,
600 bushels. May opened 1sc higher. at
2434c, sold between Ad2i1sc and 243sc, clos
ing steady 1T about the latter price.
Oats were firm early in sympathy with
wheat and with some country buying The
heavy offerings by the short contingent
caused some decline, which was recovered
later when covering set in. Trading was
confined almost entirely to scalping. May
opened a shade higher at 1870. sold 11-16c
higher. declined to 1s5sc, and closed at $50
1S1.c bid.
In provisions the smaller receipts of hogs
than expected caused firm opening a
some improvement in pr IS. There was a
good foreign inquiry and although the mar
ket was extremely dull. it received enough
support TO advance prices still more. A:
the close May pork was about 10c higher.
at sS02la: May lard about 2lzc higher, az
s4O7lha4.l0 and May ribs about &c higher,
at SL121adi.15.
Estimated receipts Thursday: Wheat,
20 cars; corn, 215 cars; oats, 175 cars; hogs,
4e.C00 head.