Kansas City daily journal., 1897-01-26
WHEAT HALF A CENT HIGHER
OPENED 4 TRIFLE HIGHER THAN
SATURDAY, But WEAKENED.
Market Very Dull and No Demand for
Cash Wheat-Other Markets
Dull, With Trihing
Price Changes.

Chicago, Jan. 25.-The opening of the
wheat market to-day was at a slight adj
vance, the close at &c decline since Sat
urday. The loss would, perhaps, have been
somewhat greater if it had not been that
some of the traders at almost the last mo-
ment decided il unwise TO leave the floor
short. with j government report to be en-
countered tomorrow. Other markets were
dull and heavy, but show only trifiing
changes in prices
Wheat opened very briefly. May. which
Saturday closed at SO1sc, started this morn
ing at S0lIc, or about 1-16c higher as the
extreme limit at which buyers were found.
The slight improvement here noticed was
because of I'd advance at Liverpool, to-
Eether with the severe cold which had so
suddenly supplanted the previously pre-
vailing spring-like weather But the ex-
treme dullness, coupled with the rather un-
satisfactory tone of some of the statistical
news, soon depressed the price to 1880. The
demand for cash wheat was entirely lack
ing, and, in the absence of such demand
the small worlds shipments and domestic
receipts and a considerable reduction in
the visible supply were disregarded. A
comparatively small decrease in the
amount on ocean passage was regarded as
an important bearish factor and an in
crease of 10000 bushels in Liverpool stocks
for the week was also considered of much
greater consequence than 49, 900 bushels de-
crease IN the entire stock of the United
Kingdom. The receipts here were 80 cars
compared with so a year ago MINNEAPOLIS
and Duluth received 1S5 cars, against 3l3
a week ago, and 724 cars on the correspond
ing day of last year. The worlds shipments
of wheat and -four were 4.50900 bushels
compored with weekly requirements of
100000 bushels. The visible decreased
], ,16i 900 bushels, compared with 465, 900
bushels decrease a year ago. The export
clearances from Atlantic ports since Sat
urday were only 1850 bushels in wheat
and flour together. The price here got
down to 79kG792sc, but firmed up again
near the close, due to an indisposition
with the uncertainties of the Washington
agricultural report hanging over them. The
closing price was 79IRd79ssc.
Corn was inactive and nearly featureless
The price held about steady during the first
hour, but when wheat got easier corn also
sold off a fraction. The visible increased
1g6,O0O bushels. against an increase of 2 Ii8-
r9 bushels last year. May opened shade
higher at 24c, fluctuated within a &c
margin and closed easy at 23ssc.
Oats were quiet. with nothing of any con-
sequence to report of the market. Trading
was rather limited and entirely of a local
scaiping nature. slight decline was
noted, due TO sympathy with wheat. NAV
opened a shade higher at 177scG1Sc, sold at
1Sc, declined to l7}ic and closed at l7Z6
177kc bid.
mo1nentary strength at the opening, on the
moderate hog receipts, but the market soon
nattened out and for the greater part of
the day prices tended downward. Near the
close, covering by shorts produced a re-
action and most of the early loss was re-
covered. At the close Nav pork was 2Ihc
lower at sS.02Is; May lard a shade lower at
A.e1l2 and May ribs shade lower at S4IO
Estimated receipts Tuesday: Wheat A
cars; corn, 43O cars; oats. S25 cars; hogs,
21,0Oo.