The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-16
WHEAT SOLD DOWN
CLOSES ONE-EIGHTH CENT LOWER
on LOCAL UNLOADING.
Early Sentiment Exceedingly Bullish.
Foreign Cables Firm-Seiiine Or
ders From New Sork-All Day
Selling by Local Scalpers-Corn
Depends Oh Outside Help.

! CHICAGO, Nov. 15-EaoGgh of the heavy
local holders of whe old out TO weaken
the market, and at he ca s. Il was - cent
| lowrr thar on the day before. Corn WIS
fairly eady until near the eud and CLOSED
Is cent lower 10: The DAY. Provisions
were stronger Notwithstanding immense
receipts Of hegs Ols cloased unchanged.
TIE sentiment prevailing the crowd Of
wheat speculaioTs was 20 bullish az the
opening that the demand bscame 1T once
strong ard May sold rs bign a. 81 cents
ca NJ pared with Gi@GIJ< at the close yester-
cay. Not much was bought at the price
banned at that time as there were numer
Gus sellers Al Gi%s cents. ard some At 81
cents. The pTico gradually worked down
ultIi it got to 81 cents. at which point tho
buyers became the ma j0rlty. and eItcr q
while there was smother advance which
cumin ted at Gl3. cents. y reaction OF
about - cent then ensued. The bu!llsh
feeling at the outset was due TO some re-
marks III the Price Current con1irmatory
to the extent OF the fell z or wheat pre-
viousiy reported by the same authority
SDi 10 the frmnesS Of the Tor ign cables.
y " y urk sent numerous selling orders,
aud some of the heavy players in the local
crowd who had long wheat let il 90. \
number Of the active local scaipers were
sellers all day and that caused the
market TO tend downward again
sitter every rally. Roger kraus, George
Severns, John Barrett, the Ptrkers, Cot
trill AID BroSseau were among the more
prOmin ut sellers. Gables were firm ut
the close and large sales of cash wheat
We're reported at Du'urh. 200 010 bushels
10 shippers and $50 900 bushels 10 mills.
The price WAS well maintained around 81
caUt-, and 6l35 cents after it early bulge
aud subScq uent reaction. Near The close
the seahoard scalping crowd and some
more local bulls increased the offerings so
tuat The market became weIk near the end
aud sold off 20 6j%5 cents with that price
bid at the close,
Germ market was firm early, but fuctu-
ated ieisurely and moderately. 1t gave
little evidence OF Independence, following
wheat with the weakness that has charac-
teriZsd the market for "A week past. There
was mote pressure to sell new No. corn
TO arrive. which had weakening effect
upon the speculative trade. The drop in
wheat near the close caused some pressure
To sell and left the price under The closing
price OF the day before. May opened from
5C%. @50S cents and sold at 1-l6 cent
higher from that off to 5O15 cents, which
was, after reaction, again the value at the
close.
Oats were dull and lifeless, following
corn IN lis fluctuations Nay started
quiet at 1924 cents. sold up 4 cent. dropped
with corn To 32}5 cents and finished at the
starting point, 3:54 cents.
Provisions again made gains. fiTmed up
ty desperate buying Hos; receipts were
81, 900 head. Instead OF 81, 900 - estimated,
yet the provision market started at AN adj
vance of 2i5 cents for pork and from y 5W5
cents FOR LAID. Pork made a clear rise Of
ID cents aud lard and ribs ~ cents. At
the close the net gain was: Pork 80 cents
and lard and ribs 10 cents each.