The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-30
PASSES IT ALONG
CORN Is AIDED By WET WEATHER
AND SUsTAINS WHEAT.
Wheat on Second Thought Finds Rair
Depressing Infiuence aud Yields.
Averages Lower but Closed I'm
changed-Corn Higher Oats in
Demand aud Higher.

CHICAGO, Oct. 29-The wheat market
was TO all appearances sustained today by
firmness in corn. Wet weather caused
the strength in the later. Wheat is I'M
changed in price at the end but il averaged
lower for the day. Corn is Is cent higher
for may, Is GENT higher for October and
November. and 1 cent higher for Deem
Der. Provisions are slightly higher and
oats d cent higher.
Wheat was firm for few moments at
the opening st shade over SATURDAYS
closing rice, but the demand WAS quickly
supplanted by pressure TO sell. Deem
Der, which closed on Saturday at 51S
cents bid, sold ut the start
at from 521g to 52j5 cents. and
May, which wound up last week at j6JZ a
81 cents, opened Wi buyers at from 565 :
cents mp to 81 cents. As the result of
an hours trading, December dec lined to
5l54@5lX cents and Nay to 56I3@j6}5
ceuts. Ine short-liv-d firmness al The
start was chiefly due to strength in the
corn market, but as the strength in corn
really SHOULD have an opposite effect on
wheat, seeing that it WAS because of the
raiu, aud rain was bad y needed for the
lately Sown wheat, the latter market soon
went on the downward course indie ted
by the Quotations. The foreign markets
were all irmer 1T the opening with the
exception Of Liverpool, which opened
Weak. This disposition to buy came back
with renewed force after the decline, due
TO the growing firmnes> Of corn.
The primary market receipts were l.
Isl, 900 bushels, OF WI CHI 93l. 900 bushels
were at Miuneapol S and Du, uUh. Expo ri
ciearances from the Atlantic seahrari
amounted in wheat and fl bur to 80. 900
L Is
about rs expected. /, 53l. 900 bushels, com
parei with al increase OF = 3i9, 90 bushels
last year. The e.rly loss was recovered
and ~ he close 521s cents for Decem Der
aud 565s cents for May We're the trading
prices.
The break in the dry weather postpones
TO a later date the drawing OF corn into
factor in the days proce -dings in
the pric- got hoist OF from to u cent
immediately and it had another J! Cent
rise in the course If the forenoon. Til t
referred to the May, which is the chief
speculative future, but the nearest de-
liveres, although traded in to II much
more limited extent, made less radical
fucturtioE-. November rose % cent Just as
the market opened aud in very short time
thereafter it was wanted by an anxious
short at u cents advance, but Quoted
down later 10 81 cents or ~ Cents over its
value on Saturday afternoon. May
touched sos cents soon after Cne opening,
then reacted to 505s@504 cents, after
which it sold up 10 500 cents. II sold
again down 10 5O55 cents. but wound
up firm nj 5O14 @5O15 cents. November sold
of to 81 Gus 1t the close.
In oats there was IA firm business trans
acted, aud the market ruled II sh 4de
firmer. 5 mpathy with corn was the
principal Cause. although the disposition
10 buy WAS more prominent than To SELF
Outside business did not amount to much,
although some orders were flied The de-
mand was principally local and no import
ant sales were effec'ei. May started at
81 cents, sold down TO % cents an u up to
3 cents, where il closed
Provisions were mac i've but firm, and
closet signtly higher than on SATURDAY.
For January delivery. pork is ) cents
higher and ribs are up 215 cents. Re ipts
of hogs We're 81. 900 Inst cad of 40, coo IS
looked for on StJuriay The fiu:tuatIon
i'll wheat aud corn appears to govern the
slight Changes which occurred during the
day in provisions. Hogs receipts for to-
morrow are estimated at -, 100.
Chicago lat