The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-18
TAKES A HEADER
WHEAT's LOW RECORDS BECOME A
MATTER OF COURSE.
Leading Grains Open Weak, but Firm
Up at the ClGse-Corn and Wheat
UnchangeG-Wh heat Receipts Ex-
coed Estimates While Corn Falls
Short.

Sh1tAOO. cCt. L. bc hcho "CAe 80
very dull for All hour today. After that
there was fair amount of business at
irregular prices. Wheat, corn and oats
| became very weak, but woke up and closed
quite firm, wheat and c0ru at practical y
| unchanged prices as compared with YES
t-rday's closing rates aud oats 4 cent
| higher. Provisions were moderately
steady.
Before its reaction December wheat
made low price record at 5i15 cent.
Wheat has become chronic record
breaker and by its previous record Of
dizziness was in danger OF being broken.
| Bulls aud bears appeared by COM
mon consent 10 have agreed for IN
hour that there was no chance for
profit in buying December wheat at
5216g5214 cents, or in selling 1t at 5214
cents, those being the extent of the fiuc-
| tuations III that time. There was nothing
OF n disturbing character in the early
news. Chicago received ninty-nine carr
| instead Of l20 estimated. but Minneapolis
received 555 cars and Duluth So, making
together AT the two last named placed 9i'
cars compared with SAB on the CORE spond-
ing day a year ago. Out of 10, 900 bushels
shipped from Chicago, the fact tbrt o., OO0
bushels of IL Was contract was thought
worthy Of remark. Foreign markets
were steady. AT the opening hour
there came upon the market few
more selling orders than were able tn
DE filled at the current tate. Before l1:3O
a. IN. December wheat had decliued to 81 y
cents, which marked another low price
record. May, from 51S@5714 cents at the
opening. declined o $50 GlJO13 cents. These
declines were followed by quick recovery
of q ceut per bushel. The reason of the
weakness WAS principally caused by the
receipts which disappointed all hope re-
garding the prospects of any immediate re-
duction. Primary markets received a
total OF over $4,000 bushels with ship
ments of only $4,000. An unauthenti-
Gated report that some Chicago wheat had
arrived ut Liverpool in bad condition
was used by the bears. Bradstreet's
visible statement struck the market when
the price of December had recoveIed to -
cents after the break referred 70: nut
although it reported 3,G30.0O0 bushels in-
Ease on both coasts, il did not materially
affect the market, which in fact made n
still further slight recovery, selling at
SO cents shortly after its receipt. The
market remained firm during the last hour
of the session, December closing at 5214
cents after touching 52E cents. There
WAS good deal of inquiry for red winter
wheat for shipment, but only $1,000
bushels confirmed, up to the close. The
vislble supply Increase was less than the
5000 600 bushels expected and this was
strengthening factor 1T the finish.
Corn opered rather firm and remained
so for an hour or more. 1t yielded some
when wheat was taking its early header,
but had begun TO improve while the other
market WAS still engaged in Its struggle
with its own record. Receipts, which
were only 70 cars, WIRE of some encourage
ment to bulls, and 155 cars estimated for
tomorrow did not disturb them. May
opened at 49, cents, hut after an hours
steadiness dropped to 4o1s fd49 cents. About
half an hour rom the c.oSe 1t WAS back
again to 49, cents. where ii finished
Receipts OF oats Were even more moder-
ate than the small number estimated yes
terday, being los cars. For tomorrow es-
timated receipts are los cars. The mar
keJ was irregular and followed wheat and
corn. 1t was firm at the opening, became
weak aud then firm against the close, the
price of May resting at $40 cents.
Rather light speculative business was
transacted in hog products and the feeling
was somewhat unsettled and prices irreg
ular. The receipts of hogs We're smaller
than anticipated, with a slight advance in
prices, which caused a moderate advance
in prices. Offerings, however, were fair,
and in sympathy with the weakness in
grain, prices gradually receded TO insider
figures. Near the close a little, more
stesdiness prevailed with moderate de-
maBd from shorts. Compared with last
night, January pork and ribs are cents
higher and lard unchanged.
Freights. slow; grain / cent TO Buffalo.
Charters to Midland at ! a cents for corn
add l cent for oats.