The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-10
WHEAT ENDS STRONG
RaIIying on War News, Cash
Demand and Weather.
MAY 3-8 CENT BETTER
Coarse Grains Up But Provis-
ions Close Lower.

Chicago. Jan. s.-The wheat market,
weak early with Liverpool rallied on the
war news, an improved cash demand and
the wet weather, closing strong, May
&c over yesterday. Corn closed &c UP,
and oats &c better. Provisions closed
| 71aQ15c lower.
The wheat market was oversold today
and dull most of the time. Liverpool was
weak and in sympathy May wheat open
ed Nc under yesterdays close. The pit
was. entirely on the selling side and in
the liquidation shorts Joined. May fell
! off 70 67&s 4671zc, and for a time the early
demand was against puts. A rumor that
British cruiser had fired on a Dutch
ship was all that was needed to frighten
shorts. The buying thus inaugurated
quickly developed the fact that the mar
ket had been oversold. Additional sup
| port came in reports or some improve
ment in the cash demand tand the wet
weather factor, although this had been
| overlooked previously. May advanced to
! 677sc, when the ascent was checked mo-
lnentarily by the announcement of the
| liberal increase In the visible when q de-
crease had been expected. The market
| upward journey. The close was strong,
May &c over yesterday at 1496S3sc.
Corn was steady, though rather quiet.
! The influence Of wheat was for a time
| depressing, but with the rally in that
market and the additional support of
fair demand and light western offerings
the market advanced and closed at the
| top. Wet weather also had a steadying
effect May closed Il to &c up, at &c.
The oats market was quiet, but firm,
steadied In the face of the wheat weak
ness by liberal clearances recently, and a
fair export demand. May closed Is cent
over yesterday at 237sQ24c.
Provisions opened with a show Of
| steadiness in the face Of liberal hog re-
ceipts, but later succumbed to hquida-
tion-much of it profit-taking-some In
| sympathy with the weakness of wheat
early. The, market held steady for some
time, as the demand was good and offer
ings were not heavy. But the receipts
and the disposition to take profits told
later and the market declined, with final
fgurs at the bottom. May pork closed
15c down, a $10.7715; May lard 1Oc lower,
at $3.50, and May ribs TIC under, at
| $50
45 cars; corn, 375; oats, 40; hogs, SO, 900
head.
BRADSTREET'S VISIBLE
New York, Jan. Especial cable and
telegraphic communications to Brad
streets show the following changes in
available supplies, as compared with the
lastaccount:
Wheat-United States and Canada east
of the Rockies decrease 1900 bushels
ahoat for and in Europe liverpool Corn
Trade News, increase 100000 bushels
Total supply increase 1,2S7, 900.
Corn-United States and Canada east Of
the Rockies increase $4,000 bushels.
Oats-United States and Canada east OF
the Rockies, decrease s., 900 bushels
Among the more important increases
reported not given in the official visible
supply statement are those sof 600, COO
bushels at northwestern interior eleva-
! tors, $4,000 bushels at Chicago private
| elevators and $1,000 bushels at St Jo-
seph. The principal decreases are those
! of 10000 bushels at Manitoba storage
| points. $4,000 bushels at Louisville, and
! $1,000 bushels at Kingston. The aggregate
/ stock of wheat and -four held at Port
! land, Oregon, and Tacoma and Seattle
Wash, decreased 12,OOO bushels last
week.