Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1898-01-23
WAS DULL DAY ON CHANGE.
sCALPING TRADE ONLY IN ALL
MARKETS.
Rise in European Wheat II Expected
Next Week, rs This Weeks Re-
ceiDts Were s~hort-snow
Storm News Bearish.

Chicago. JAM. 22.-This was one of the
dullest days on change In weeks. Trade
IN all markets was simply OF a s~calping
character. Wheat closed nc higher fer
May. but &c lower for July. Corn and oats
We're a little easier. but showed substan-
TALLY no change at the close. Provisions
closed unchanged TO PIC lower.
race started brisk at an advance for
May wheat Of &c a bushel, and about as
much in July. Half an hour of moderately
active trading suficed to bring the price
and for sss som 20 tines ges.e ,bs closing ing figures,
most ceased. The Liverpool wheat quota
tions were from I'D to I'D higher. This
sIl the calls" offered yesterday afternoon
were the only features Of the news which
even mildly interested SPECTATORS and was
not enough to inject any activity into the
market. The shipments Of wheat and -four
from both coasts for the week were equal
10 2.s26.O0 bushels. against 5.229. 900 bushels
total from all sources to Europe this week.
much less than their estimated REQUIRE
ments. and additional bullishness on that
account, 1t was thought. might BIS depend
ed upon next week in reports from Fur-
opean markets. The Liverpool Corn Trade
News reported Continental stocks OF wheat
and hour about II. 500.0 O bushels less than
they were a year ago. Beerbohm estimated
United Kingdom requirements. January /
70 April 20. at 100000 bushels less than in
poets the worlds shipments to Europe for
the week TO show a total Of 5000. 900 bush
els. chicago receipts were Il cars. Mime
ceived, against s33 the previous Saturday.
and LIS the corresponding day of 1857.
The primary Western market receipts for
The day were 3l2,As bushels. against 49,
s5I bushels the similar day of last year.
The days Atlantic port clearances were
small. at 10000 bushels wheat and -four
Closing cables from Paris noted from 5
10 IL centImes Improvement and from Ant
Terp a decline of l2lz confines for one
kind OF wheat and unchanged for the other.
Heavy snow was reported falling ali over
the exposed winter wheat country, and as
this was the best thing possible for the
coming crop. ii had a depressing effect on
the market during the latter part of the
session. May wheat opened at 92kc, reacted
to g5c, then recovered TO 921sc, but de-
clined again to 9lAaslhc. and at the close
was bringing SIC. July opened at 4asdS4Hc.
declined 10 s3sc. and closed at sids41.c.
Corn was practically at a standstill. Only
me narr9west kind of a scalping trade was
doEe. and prices were confined TO a bare nc
range. TIL feeling was easier II anything,
on expectations of increased receipts fol-
VIM the colder weather. May ranged
from &c to 2S.sc. and closed unchanged at
~. &c.
All the little trading in oats was at one
fore the close. which sold 1-isc lower. Cash
department wss equally dull. The market
has INCLINED downward. but business was
TOO dull 10 admit of any material decline.
May closed n shade lower at 23An23zc.
The market for provisions in the main was
very dull. A firm hog market sustained
prices at the start. but a little realizing and
short selling by traders playing for a reac-
ton after the recent advance weakened the
market. and prices tended generally DOWN
Tard; At the close May pork was un.
and May ribs unchanged at $3.50
Estimated receipts Monday: Wheat. 40
$1,000 head.