The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-16
IT KEEPS RIGHT ON
DECEMBER WHEAT STRIKES AN
OTHER LOW PRICE MARK.
Million and a Half Bushels Increase
in Weeks Visible Supply-Liver-
pool Cables Increased Russian
Shipment and Argentine Acreage
Corn Shows Sole Bull Features.

CHICAGO, Oct. 15.-Wheat made low
price record today at 5211s cents for Decem-
Der. An increase in the visible supply,
lower cables and realizing caused the
weakness, December closing cent lower
than on Saturday. May corn closed q
Cent lower, May oats cent lower aud
provisions at declines.
Wheat, which closed so firm on Satur-
day, opened weak today with sellers az 50
cents for December rather more numerous
than the buyers, and May offered at 5S1s
cents with few takers. In the course of an
hour sellers of December aud buyers oil
May We're unable to make a straight
transfer at , cents difference, and
by noon the spread was only AZ cents, and
tie price went down to j23sg52Z cents
for December and SIX cents for MY. Bv
that time the visible supply statement he'd
been made up, and it was the cause of the
heaviness indicates by the quotations. 1t
showed au Increase for the week o. !, 400
900 bushels, making gross total of 70 GA.
600 bushels com pared with "a 239 900 bush
els at the corresponding time last year.
The visible supply Increased about twice
as much as the published movement Tor
the week, as the more important markets
had suggested. There were other reasons
for weakness III wheat besides the
Increase in the visible supply, but
they were all shoots from the same root
too much wheat in sight. Liverpool
Ca bled that supplies from Russia were in
creasing and that che Argentine wheat
crop was promising We'll On All increased
acreage. The clearances Of wheat and
-four from tue principal Atlantic ports
were equal TO about 1860 bushels. Pri-
mary market receipts We're little more
~
luth received 934 cars. or only about half Of
day. Indian shipments AS reported bv
B-erboem's for the week was 30, 0C0
bushels. The total amount on
ocean passage decreased 3D. 600
bushels last week. Business was
not very brisk until about u o'clock,
when some sorely tried and weary holders
dropped their loads and gave the shorts d
good opportunity to realize their prof s.
The closing phase of the market was one
OF extreme depression, D-cem Der dropping
to 81 cents and May to 81 cents. These
Were Lne trading prices at the close.
The receipts of corn were seventeen cars
smaller than estimated, but it opened
rather weak and only Que feature of the
days occurrence did otherwise than
add to the heaviuess which seemed
TO be in the atmosphere. The one
bull feature Was decrease in the
visible, Il decrease in the quantity Oh ocean
passages, but that counted for little in
view of The absence of any urgent shipping
demand, and thu fear OF the effect OF lib
eral receipts of new corn which il is
thought Will be coming to hand in about a
month from now. May opened at 49,
cents, but sales were Immediately made at
1875 cents, and very soon at 1875. There
was very little elasticity TO the market,
the upward reactions being slight. Tue
decrease in the visible supply
WAS 526 600 bushels, compared with
an Increase of 2O5001 bushels, on
the corresponding week OF last
year The total visible supply now is
3. 379. 900 bushels, compared with 100000
bushels last year. Tie price of May de-
cllned 10 ass cents, aud after recovering
Il cent and selling Oft again to 4S]S cents
twice, there was third reaction and
decline which left the market prone at the
boz tom of the days range.
Business in the oats market was quiet
and prices lower The sympathy with
corn was prime pally influential In regard
to fluctuations. The easier feeling was
added TO by an increase of 900 bushels,
shown in the visible supply.
Provisions started with heavy receipts
of hogs 10 the debit of the bull side aud
the weakness displayed by the grain mar
kets was an additional cause of the dis
enlargement which became heavier IN It's
influence as the decline continued. Trad
was not brisk, nor, with the amount OF
the days decline. very heavy. Some sup
porting orders were in the marke for pork
at about 1919 cents decline for Saturdays
closing price and in lard aud ribs at ~
cents decline. The net loss for the day
was 10 Cents in pork and ~ cents each in
lard and riDs. Hog receipts today 80, 900
head; estimated for tomorrow 700
b 81, 4 Il
cent for corn to Buffalo
Chicago Market.
CHICAGO, Oct. Is.