The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-17
DOWN At The BOTTOM
Ola Two Days Decline May
Closes.
CENT AND A HALF LOW Err
Than Mondays CIose--Corn
Is the Strong Market.

Chicago, Jan. 1s.-Frantic efforts to DIS
pose Of holdings on the board of trade
greeted the Bradstreets announcement Of
heavy increase in the worlds visible to-
day. May wheat declined 11ac without
check and closed weak, 1asG14Ac under
yesterday Corn closed shade higher
and oats unchanged. Provisions, affect
ed by the wheat break and heavy realiz-
ing, closed weak, May pork L11G15c, May
lard 121zc and May ribs 71zQ1Oc lower.
Two days business, or lack Of it, cost
MAY wheat 2as@21zc on the local board
of trade. The slump Of yesterday re-
ceived new impetus today from the in
crease in the visible Of 4,O0O, 900 bushels.
A moderate increase would have occa-
stoned little agitation, but the magnitude
of the weeks gain announced by Brad
streets about noon had the bomb-like
effect In shattering bull expectations. The
market had opened rather heavy in SYM
pathy with the Liverpool decline, May a
@2sc under yesterday, at 66&s@661xc. New
York. foreigners and few local had sold
moderately and some wheat had come
out on stop orders. Those offerings had
market steadied and advanced, possibly
in sympathy with corn. May had touch
ed 667ac. Business UP to noon had been
quiet Then came the explosion from
Bradstreet's. Holders Joined the crowd
of sellers, adding concession to conces-
sion to rid themselves of an article the
supply OF which was evidently so much
greater than the demand. The close was
at the bottom, May 19sG1ikc under yesteE-
day, at 6514d652sc. 1t was explained that
the unexpected magnitude Of the increase
in the visible was due to a correction of
Odessa stocks. Primary receipts were
$780, 900 bushels, against 635, 900 last year.
Clearances were only 10000 bushels. Sea-
board exports of wheat were 60S,000
Corn was steady throughout the session
and the close. in view of the wheat break,
fairly firm. Trade was fairly active the
greater part of the session. Supporting
influences were light receipts, small coun-
try offerings and the announcement that
the government report, which was ex-
pected to be bearish will not be issued
this month. Corn that had been let out
on this expectation was taken IN again,
occasioning an advance which, however,
was lost later in sympathy with the
wheat break May closed a shade over
yesterday, at 3314G339sc.
with corn. May closed unchanged at
237bc.
The provisions market was irregular,
with the tone easy most of the time on
heavy realizing. the receipts of hogs over
the estimate and weakened prices at the
yards. Predictions Of further liberal re-
ceipts were freely made. May pork closed
1215G15c under yesterday, at s10.95. May
lard 121zc down, at s6.O21a, and May ribs
71zG10c depressed, at $3.50.
Estimated receipts tomorrow: Wheat,
% cars; corn, 100; oats, 125; hogs, 1900
head
BRADSTREETs VISIBLE.
New York, Jan. 16.-Special cable and
telegraphic advices to Bradstreet's show
the following changes in available sup
plies, as compared with the previous ac-
count:
Wheat-United States and Canada east
of the Rockies, decrease 200 600 bushels,
liverpool Corn Trade News; af1oat for
and in Europe, increase 400 900 bushels;
total supply, increase 100000 bushels.
Corn-United States and Canada east
of the Rockies, increase 1,406, 600 bushels.
Oats-United States and Canada east
of the Rockies, decrease 995, 600 bushels.
Bradstreet's is informed by cables that
corrections in Odessa stocks are partially
Responsible Tor the increase III European
supply. Among the more important in
creases reported, not given in the Off
cial supply statement. are those OF 10000
bushels at northwestern interior eleva-
tors; SO, 900 bushels at Chicago private
elevators; 81, coo bushels at Kingston and
30 coo bushels at Manitoba storage points.
The principal decreases are those of r. 900
bushels at Louisville; 5000 bushels at
Port Huron and 5000 bushels at Pitts
burg. The aggregate stock OF wheat he'd
at Portland, Ore, and Tacoma and Seat
tie, Wash, decreased $4,000 bushels last
week.
GRAIN AND PRODUCE Markets.
CHICAGO
NI7Icar Tan 16-Tba leading futures