The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-17
IT MAKES ANOTHER
DECEMBER WHEAT GOES TO FIFTY.
ONE AND THREE-QUARTERS.
Wheat Starts Off Lame and Gets Worse
Until Corn Helps in OH its Feet
Days Regular News and Outside
Markets Discourage BuliS-Corn
Has Some Strength to spare.

CHICAGO, Oct. 16-Wheat slid down
wards today until it had made new low
price for December at 5l2l cents. Then
aided by buying by shorts and reports of
cash business, the market reacted, Deem
Der closing steady at Is cant higher. May
corn closed at cent higher and May oats
unchanged, but provisions were weak, fin
lshing at declines.
The new low price for Decent Der wheat
was made as soon as the regular trading
commenced. The opening trades were
principally from 5l5s@52 cents, with sale
or two ut 52G52E cents. Another shave
was taken off the undersids of
these quotations before any Improvement
started. When it began to recover it was
under the lead of the corn market which
was the hrst 10 give signs OF reviving AMI
nation. The routine statistics OF the day
and reports from outside markets were
dlScOuraglng 10 the bulls. Some demand
Tor Cash wheat WAS reported early in the
day, but did not exercise any influence I'M
I'll II WAS added TO the recovery in corn.
Receipts were 215 cars. AT Minneapolis
336 Car loads We're received aud at Duluth
oo4 Cars, making ], 30 cars against 929 cars
a year ago. Primary market receipts were
$4,000 bushels. Export cienrances of
wheat and -four from the Atlantic ports
were $50. coo bushels. December i'm
proved To 521SG5214cts with relapses of its
falling slcknro, which sent II back again
several times TO 81 cents. but iC WAS in one
of its firm moods near the close There
was considerable buying by shorts at the
close and the market finished steady at
81 cents.
he corn market opened firm, but the
shorts were inclined To take their profits
and some improvement in prices followed,
principally from the same cause. There
was, however, very small offerings of cash
corn TO 20 to store and there was some de-
!nand for il. The inquiry for new No 3 white
and new No 3yeliUw to arrive, Was also
rather better than 1t was yesterday. About
G0,CO0 bushels were placed at the fol-
loving discounts under May prices: For
November No. 5, ~ ceUts under: No. )
yellow cents under; for December No. 3,
) cents under; No. 3yellow. AZ cents un
der. The receipts We're 2l6 cars, or % less
than estimated and for tomorrow the
estimates are only 100 cars, The latter
was one Of the bull points of the day. May
opened nj ass with a limited trade at 4S54.
Ii fluct uated ior over au hour between 49,
cents and 49, cents, and then improved TO
40 14@49% cents where il closed.
Oats opened weak in sympathy with the
early tone of despcndency in wheat and
other markets. Receipts were about AS
estimated. The opening prices for
May WAS 321s cents and subsequently
il sold rs low as 3lA cents.
Il rose to 1924 cents, fiuctuated between
that and 81 during the most IF the session.
bu: rose near the close to 32j4 cents again,
aud closed with buyers at mat.
Weakness ruled in the provision market
and the opening prices were at decline
from yesterdays closing prices of = cents
in pork. ~ cents in lard and 21z cents in
ribs. AT the close the following We're the
reductions esi ablshed: Ia PORK u cents;
lard and ribs each ) cents. Hog receipts
were heavier than looked for, being n 900
instead of Il eco rs estimated. For tomor-
row the estimate is 81, 900. The Increasing
receipts are bearing out the predictions OF
he packers and ara the reasons for the de-
Ginning tendency in provisions.
Chicago Market,
CHICAGO. Oct. 16
The market today experienced the following
range OF prices.