The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-02-05
TODAY'S MARKET REPORT.
Furnished by the Associated Press to
the State Journal

Il
WHEAT-Wheat opened quietand steady
today at Ease under yesterdays closing
price, May starting at 947s095c. There
was some disappointment over the action
of the Liverpool market, which opened
higher but closed I'D lower than yester-
day. Clearances for the week amounted
to 3, 49,, 900 bushels. Northwestern receipts
keep comparatively large, Minneapolis and
Duluth reporting 3S7 cars, against 800 cars
last week and 279 cars a year ago. Chi
\ cago receipts were 46 cars There was
plenty of news of another nature, and the
market soon responded to moderate de-
nland from shorts and st. Louis buying
reduction until the last of May had
famine in some parts of that country, and
California and Australia reported damage
from drought and hot weather. COntiu-
ued strength of coarse grains also had its
easing off later to 95$sG!5e.
CORN-COrn was quiet, but strong,
helped by oats and a fair export demand:
Receipts were AS cars. May opened
1914 a sc, and sold at 29Ac
OATS-Oats Were strong and active.
There We're good cable acceptances and
considerable investment buying was done.
May touched the highest figures on this
crop ReeelpEts were ~ "a cars saIE May open
to 243 5S21 9nd da sSid at 24zfg3sc
active. The market opened a shade lower
but quickly rallied. Packers did some
buying; The market was affected by the
favorable commercial agency trade re-
ports, Hog receipts were about as ex-
opened shade lower at $4-95 and adj
vanced to S4.9715. May ribs opened a shade
lower at $5.o73E, advanced to $5.121z and re-
BARLEY--Cash, No. 3. 2s@4Oe,.
RYE-Cash, 471ac; May, 1884 a49c.
FLAX-Cash northwestern, 1929; May
s!.;TFffMlioTHY-cash and February. $2.s2lz;
March, $2.S71A.
Chicago, Feb. 5.-Last week was one of
reaction in wheat, the general tendency
of prices being downward. though several
sharp rallies occurred. The short inter-
est, which had apparently been almost
closing week in January, was increased
heavily. Many longs also realized on
trading was net decline in May of 13sc
and in July of &c. The close of the week,
Early in the week the market felt the
ebfore and on Saturday and Monday de-
cline of PIC took place in May. Most of
deal of short selling. on the. theory that
the market was further weakened by de-
Ginning foreign markets and a small visible
vance took place on Tuesday. Sudden
development of strength at Liverpool and
small stocks at that point caused a gen
eral covering movement. Late in the
day prices weakened a small worlds
visible increase, where decrease had
weak until the close of Thursdays ses-
sion relieved at times by support from
the Letter interests There was heavy
selling by longs on Thursday and Letter
is believed to have materially increased
his May holdings. Support from the same
source on Friday, coupled with gooo
export demand and demand in the
milling on account of scarcity of high
grades caused good rally and strong
closing. An influential factor in Fridays
trading was the Argentine shipments;
which We're much smaller than looked
for. The range OF May Tor the week was
between CSC and 94Ac, closing yesterday
at 95Ac-