The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-02
WHEAT TRIES HARD
CORN COMES OFF BETTER. BUT
PROVISIONS DECLINE
Diminished Receipts and Better For
eiyn Advices Lift Wheat Till the
Visible Supply BuntS 1t Right
Amidship-Weevily Coast Wheat
In Evidence.

CHICAGO, Oct. Wheat attempted to
advance today aided by lighter receipts
and firmer cables, but WAS hit hard by the
big increase in the visible supply, and
closed unchanged for December. May
corn closed g cent higher; May oats un-
changed, and provisions at slight declines.
Wheat got good start from the favor
able nature of the early news affecting it.
The foreign markets were all quoted some
what higher, the receipts here and in the
northwest were comparatively small and
there was a substantial decrease in amount
of ocean passage. Another material ad-
vance in the visible supply somewhat &C
counted for the enthusiasm of the
bulls while the figures were being
received. Primary market receipts
including those at Kansas City
were only $1,000 bushels and export
clearances from Atlantic ports since the
preceding report cleared the equivalent of
420, 600 bushels. A dispatch from San
Francisco reported 10000 tons OF the
syndicate stocks of whea. there as having
been posted as weeviy. This was gener-
ally regarded as bullish point. Stocks
in Liverpool are $50 900 bushels smaller
than they were on Sept. l. The visible
supply increased 1,224, 900 bushels last
week and now amounts to U,4IS 600
bushels against 4, 52S, 900 a year ago.
Chicago stocks are irregular. There are in
elevators %, 900 bushels less than there
was on the previous Monday.
December started strong Mt 81 cents
against 5324@53I cents at the close on
Saturday and continued firm until the ill.,
crease in the VISIBLE supply began to
force itself upon the notice of the crowd.
Partridge and bennington were tree SELL
ers at above 81 cents, supposed TO be for
Rosecrans, and BaldwiD-Farnum We're
liberal sellers. also for New York princi-
pals, it was guessed. The advance culmi-
mated at 54l4 cents and afterwards the
price receded 10 53}s @533l cents. The
closing cables were firm. with the eXcep-
ton of one very reliable private Liverpool
message which said holders unable to
sustain the advance" December ut the
close stood at 535s cents.
Corn was strong at the opening and con-
tinued strong during the greater part of
the session, although the full amount of
the early gain was not maintained to the
close. Receipts were smaller than had
been estimated on Sunday, and the esti-
mates for tomorrow wers even lighter than
today's receipts. The apparent confirma-
ton of what had previously been heard of
diminishing receipts at interior points was
the main cause of the strong tone which
prevailed. The visible supply increased
3,0CO bushels, compared with an increase
OF AL 900 bushels on the corresponding
week last year. Chicago stocks are 2, 242
900 bushels, or 2S9, 600 bushels more than
week ago. aud the total in
the visible supply is 1906, coo bushels
compared with SOL 900 last year. Cash
offerings were very ligut and a demand for
round lots of No. = in store, good. May
opened at 500 10 sos cents, advanced grad
ually to 81 "a cents aud then declined to 503s
cents. closing at 505s@50$4 cents.
The oats market was fairly active one
throughout the entire session. Shippers
were taking the greater part of the stuff
which was being handed out by local par
ties. Carrington-HanDahan disposed of a
good deal. May was taken today and cash
was disposed of. May oats were firm early
and eased off later. AT the start it sold
from 1873 TO "a cents, touched 341S cents
and sold down to 33$l cents. Sympathy
with corn, and free offerings were princi-
pally influential in causing the decline
May closed at 311 cents.
The provision market was quiet and
rather firm until about twenty minutes
before the close, when the market broke
sharply. The receipts of hogs Were "A. 900
and only $1,000 are estimated for tomOr-
row. Pork. from almost cents above
Saturdays closing price. later on broke
1215 cents and at the close a cents de-
cline was established for the day. Lard
and ribs pursued h similar course with a
loss OF cents each as the result.