The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-06
HAD ROUGH SAILING
POLITICAL AND COMMERCIAL FAC
TORS MAKE a CHOP SEA.
Light Northwestern Receipts. Being
Laid to Bad Roads, Taken With
Allowauce-Report Of Cars Death
Mixes Things for Awhile-Market

CHICAGO. Oct. 5-The grain market had
tempestuous time today. The reported
death of the car. heavy New York fail
ure, light receipts and light c!earaaces,
mixed themselves and the traders up badly
and fluctuations Were sharp and numet-
Gus. At the finish December wheat Was
cent lower, May corn unchanged and May
oats . cent lower. Provisions declined
moderately.
The small local receipts of grain and
tirmer markets abroad gave the wheat
market d strong start. It had scarcely
got uuder way, however, when
PardridEe and Leeming and other
commission houses whose principal
clients are short sellers. opened tber
tioodgates and swamped the early BUYERS.
December. which started at from as to
81 cents bid, and with a sale or TWO at
5i&s cents, was Knocked down to 53@5 cents
i'll tho course Of fifteen minutes. The
short sellers had but short few minutes
of triumph at that time. The people who
| handle Cash grain reported buyers OF their
goods at AL early hour of the session.
The reports from the northwest were
confirmatory OF what was teegraDhed
yesterday regarding the falling off i'll
farmers deliveries at interior stations.
but the decrease in the movement
was generally ascribed to the rainy weather
and consequent bad state OF the roads.
The report that the car OF Russia was
dead was a matter which tangled up legit-
! innate Influences for "A short time until the
rumor was killed and the car restored to
his family and subjects. The price re-
covered quickly frcm its first decline aud
soon sold up 10 az cents for December,
May keeping step Ill the advances and de-
clines at distance OF from . cent TO 10
cent, more or less than that. The strength
of corn at this time helped wheat. The
failure of New York stock house was
the signal for general selling again by the
LEGAL scalpers under which the price drop
ped again to 535I cents for December.
a few buying orders at the decline
quickly changed the feeling of
the crowd once more. The price on the
last named advance reached 545s cents.
Primary market receipts We're light, ISL,
62l bushels. which included two days
arrivals at ST. Louis. 10 offset that, the
Atlantic port clearances We're only equal
IN wheat aud flour TO ~, 600 bushels, in
Guiding 10000 bushels at New Orleans
Closing cables were firm and higher from
Liverpool and Berlin, but rather easier
from Paris. The last turn of the whirli-
gig market wns downward. The bears
took more comfort out of tue Wall street
failure than the bulls could find in all the
favorable features of tine days news. The
market declined TO 5315 cents under the
bears hammering, and closed at 539531s
cents.
Corn was strong the greater part of the
! session. The selling pressure by heavy
! spectators has given place TO buying by n
| similar class. The strength of the cash
situation, which includes the smallness of
elevator stocks and very light receipts,
were the main elements OF strength. DC
tober corn, which has ruled lower than
the MAY future recently, got to a cool
prem um today, and spot corn brought
cent premium over sellers # the month.
A sale OF 1000 600 bushels of No. corn for
shipment to Peoria, which WAS reported
early in the session, emphasized the
scarcity of spot stuff, but liberal
offerings of new No ) for
November and December deliveries re-
ceived from points III Illinois, found no
buyers at from to "A cents per bushel
discount under May prices. Local receipts
We're only 60 cars, and 10 cars estimat ed
for tomorrow are likewise very light for
this season of the year. The market, after
being strong nearly ali day, closed weak,
affected by the decline in wheat. Octobtr
opened at 5015 cents bid, advanced TO 81 ;
cents aud closed at 81 cents. or cent i'm
provement for the day. May started with
buyers at 5l1S cents and from that up to
5155 cents, campared with sos CENTS at the
close yet rlay 1t rose To 5l54 cents,
slumped to 5O35@5O$4 cents and closed at
SOS cents bid.
Oats met fairly good sales and after
opening shade easier gradually firmed
up. The movements of prices In corn con-
tiBurd 10 influence oats fluctuations prin-
cipaly, although there We're strong bull
ish features i'll this market. The DISPOSE
tion To buy WAS very good, and with local
scalpers about the only parties selling,
considerable strength WAS derived from
that Nav started steady at 81 = cents,
touched 34i4 cents, sold down to 5;}5s cents,
up TO 34$s@545s cents and shortly before
the close sou 1T $40 cents, closing at 81
cents.
The market for hog products ruled
weak. The prices compared with those
nj the close yesterday are ID cents lower
for pork, ) cents lower for lard and
~ cents eff for ribs. Packer, were again
tie sellers. Liverpool market was quo ed
weak for meats and Is i an. f d lower for
lard. Hogs-Receipts We're 1900 today
aud 10OO0 are estimated for tomorrow.
Freight rates are l$S cents for wheat; II
cents for corn and barley and IS ceuIs for
oats To Buffalo.
Chicago Market.
CHICAGO, Oct. ).
The market today experienced the tolIowIu,