The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-27
GRAIN AND PRODUCE
WHEAT AT CHICAGO GETS AFTER
THE THERMOMETER.
rice Sinks Lower Than on Any Day for
Many Weeks-May Finishes at II So
Cents, First Price Below - Cents Since
the Middle of October-Liverpool Starts
It Badly and the Government Crop Re-
port Keeps It Going-Oats Establishes
o New Low ACCOMPLISHMENTS Visible
The AYarkets in General

Chicago. III. Jan. S.-Wheat had great
er decline today than on any previous day
for several weeks and sold below IS cents
for the first time since the middle Of Octo-
ber last. May brought - cents at the
start and sold at 77ss cents fear the close,
finally resting at IFS cents, a declile Of rs
cents for the day. Corn declined Is cent;
oats made a new low record for both Janu-
airy and May, the latter month resting al
A-cent decline, and provisions declined so
az cents.
In wheat the marked weakness of the OPP
ening Liverpool quotations was all that was
necessary to make = decidedly wobbly
start, as traders, disappointed at the ef-
feet of the government figures on the forth
coming crop, needed but little 20 start them
10 unloading. Opening s2les for May were
made at 7s5sG79 cents, compared with yes
terday's closing price Of 79l24797s cents,
and by II o'clock the market had declined
TO 7S1s cents. The government, besides its
estimate Of the home crop, published
communication from Minister Buchanan,
representative in Argentine Of the United
Sta tes 20 tie effect that Argentine would
have 1os, 600 bushels of wheat for export.
Minister Buchanan's letter was dated Dec.
8, and, CT course, relates to a condition OF
affairs which later advices show to have
changed very much. The report never
theless had some effect. Chicago and north
western receipts were again very light. but
that was ascribed to the effect of the ex-
IRENE cold upon transportation facilities.
Chicago got 40 car loads, against 124 car
loads year ago. Minneapolis and Duluth
tad Asrat- 49, -
3s5 week ago and !O6 cars the correspond
ing day of last year. Atlantic port clear
ances were equal IN wheat and flour to 315,-
900 bushels. Bradstreet's worlds visible
showed decrease for the week OF 1,137, 900
bushels. The heaviness Of the market here
increased as the close CT the session ap
preached. There's was a general giving
up of the ship by the bulls in tie last fif-
teen minutes, and drop of another Il cen,
per buslel in the price. May had recover
ed to 7s3s cents. and declined to T73s cents,
with 773s cents the last figure. The tenn
porary advance to 1875 cents was caused by
a I'd closing recovery at Liverpool.
Corn was slow and weak. influenced by
the break in wheat and the expectation of
larger receipts TO follow the cold weather
and the probable reduction of rail freights
from the interior. There was considerable
liquidation and a fair amount of short SELL
ing. The price was already so low, however,
that only 1s-cent decline resulted. May
opened a shade lower, at 1874 q237s cents.
declined to 1855 G23$4 cents and closed at %
z cents.
Oats established a new low record today
and that fact was the principal item OF
news. The feeling was weak from start TO
finish and closed at the low prices of the
Gay. The decline was brought about by
sympathy with wheat. although some liqu1-
dation was going on in a small way. May
opened shade lower, at 1734 cents and de-
clined 70 17ssG171@ cents. where it closed.
Trade in provisions was extremely dull.
The sellers We're chiefly confined TO pack
ers and even their offerings were light, so
that the pit was half-deserted during the
greater part of the session. They were
sufficient, however, to produce a small gen
eral decline. May pork closed about rs
cents lower. at s7.9212d7.95; May lard about
cents lower, at $.00Gi021a, and May ribs
about cents lower, at A.O5.
Estimated receipts Wednesday: Wheat,
20 cars; corn, 210 cars; oats, 10 cars; hogs,
1900 head.
BRADSTREETS VISIBLE.
New York. Jan. 26-Special cable and tele
graphic dispatches to Bradstreets covering
cate the following changes in available sup
plies of grain last Saturday, as compared
with the preceding Saturday:
Wheat-United States and Canada, east
of the Rockies, decrease 1,521, 600 bushels;
afioat for and in Europe, increase 3S4, co.,
Total decrease worlds available supply l.
1885, 900.
Corn-United States and Canada. east OF
the Rockies. increase 10000 bushels.
Oats-United States and Canada, east Of
the Rockies, decrease $4,000 bushels.
The more important decreases in available
stocks Of wheat not included in the official
visible statement last week are les 600 bush
els in Chicago private elevators 50, 900 IN
northwestern interior elevators, 5000 at
Quincy, 32.000 at Pittsburg and 81 1000 az
New Orleans.
Corresponding increases include 1900
bushels at Fort William, Ont. q, 900 bushels
at Fulton. y. Y, and $1,000 in Minneapolis
private elevators.
Chicago stocks Of oats have been increas-
ed, last week and this week, by the addi-
ton of 7S3,O00 bushels afioat there. not in
Glazed in the regular visible or private
stock