The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-04
BEST WAS THE LAST
WHEAT OPENS WEAK AND CLOSES
STRONG WITH a GAIN.
Foreign Inquiry Still Maintained
Northw est Covered With Snow
Consequent Indications Light Re-
ccipts-ROsenkran Big Lump
Early Sellers Repent.

| CHICAGO, Nov 3.-Wheat started weak
and closed strong, making in the end y
| cenJ gain for the day. Corn was weak
| from beginning TO end, aud provisions
were also on the down grade and lower
The weeks exports of wheat aud -four
from both coasts were 2.93i. 900 bushels,
compared with 3 35S 00e bushels on the
| previous week, and presumably for that
reason the wheat market opened with sell
ers at cent under yesterdays closing
prices. The foreign markets We're firmer
and higher. Inquiries by cable from ex-
porting houses solicited orders of wheat.
Receipts of wheat at Duluth and
! Minneapolis were again considerably
smaller than on the correspond
ing day of last year. The whole
OF the northwest was reported TO
be covered with sIush and snow, iudicating
very bad country roads aud a prospective
further dlmlnutIOl OF farmers deliveries.
The weakness of the market lasted for
about an hour. but it Tad in that time been
demonstrated TO the bears that there were
buyers for all they wanted to sell al IS
cents tor Nay, and $50 cents for Deem
Der. At 5S115 for May, RosenkranZ bought
in one lump 400, 900 bushels from Pard-
ridge and wanted more. The market re-
celved no immediate hell from that trans
action, as II touched its lowest price for
the day few minutes later. December
declined to $50 o31s cents and May TO 571s
@5o cents. These were turning points
Offerings began to be light, early sellers
waited their wheat back and took to be-
thinking themselves OF the price they
were selling short at. Tue feeling i'm
proved and became quite strong WITH the
best prices OF the day prevailing The
session was ending. December closed at
49, cents bid aud May at 5S5s $685. Cents,
but before the crowd left the pIt December
brought 5315 cents and May So cents.
The corn market was easier on the i'm
provement In the weather. 1t started
with "a break of from 1st9s cent on May
and even heavier declines III the nearer de-
liveries. November. when first heard from,
was 521S cents compared with 80 cents at
the close yesterday. and Decem Der dropped
To 5l]s cents. and Immediately thereafter
10 81 IS cents, as compared with 5lI cents
Mt the close yesterday. November subse
quently declined To 81 q cents, and Decem-
Der 10 5OB Cents The opening prices for
May were from 81 @5l Is cents, and it after
wards sold down To 5O3s cents. The
strength i'll wheat near the close caused
some Improvement, but the recovery was
met by good deal of very confident look
Ing selling which left prices at SCI cents
for November, 81 Is cents for Decem Der and
81 cents bid for Nay.
Trading in oats continued of a very
limited volume and the market attracted
very little attention. The fluctuations of |
corn ruled the course of this market en-.
tirely. May started at 3235 cents, sold off |
BIS cents. up to 325S@52$4 cents and |
closed "A shade easier at 81 d3255 cents.
The prospect of heavy hog receipts and |
weak corn market caused provisions to |
sell off 11z@l2la cents, to the lowest prices |
of the Week.
Chicago Market.
CHICAGO, Nov. 5.
The market today experienced the following |