The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-01
LOSES A HALE CENT
WHEAT WEAKENS AND CORN HAS
NO HELP TO GIVE II.
Worlds Visible Wheat Supply Shows
aGood Increase-Bulls Feel Their
Load of Corn Resting Easily Corn
Offerings More Liberal and Better
Weather dedicated.

| CHICAGO. Oct 3L-Weak domestic mar
| kets and an increase 10 the worlds visible
| supply weakened whea. today and knocked
| Il cent of the price OF December. Cora
followed, closing IS cent lower for May.
and May oats sympathiz-d TO the extent of
% cent. Provisions were dull but firm and
slightly higher.
Wheat was less bullish at the opening
| than it was at the close Of the market. 1t
yielded 4 per cent of its price at the start,
and after some little buying against puts
had caused recovery OF the lost - cent, 1t
sagged once more TO its opening price.
The weaker feeling WAS due priu-
cipslly to what was expected would
be the bearish effect of Bradstreet's visible
supply, but trading upon that expectation
was restricted by It's uncertainty. Before
II O'Clock there WAS break of & cent III
the price of May corn. reckoning from tue
highest point 1t mad touched in the first
half hour, that brought about u heavier
feeling in wheat and decline in the latter
TO 51s5 cents for May. 1t had opened at
5135 cents and sold high as 57I@51is
cents. December, which bad opened at
52E cents bid, and sold as high as
t25 cents got down to 5233sg521% ceuts on
the decline just referred 10 aud it was
clinging round the bottom price
of the forenoon when Bradstreet's
visible supply was announced.
The looked for increase IN the worlds visi-
bic supply somewhat more than satisfied
the previous statements regarding IL. lie
showed "A good increase in the world of
4. 256 GOO bushels. The selling increased
for ii few moments. December declined TO
52% cents, with sellers ut that, and May To
57I4 cents. This was followed by a quick
but short lived spurt TO 52$z U521s cents for
December and 5I3l cents for May, aud WAS
then succeeded Nv 80 quick a decline TO
52$5 cents and Ok @5aS5 cents. December
finished at 52}s Cents and May at 5.5l
cents
A shade of disquietude with the corn
they bad bought yesterday was observable
in the action of the bulls in that article.
Offerings for the near deliveries
We're rather freer than Tor two or
three days back and a promise OF dry and
cooler wea her removed some of the appre-
hensiou which he recent damp weather
had engendered. Country offerings OF
new corn for forward delivery were said to
be more liberal and less desire WAS evinced
to cover short sales made as hedges against
forward sales of new corn. May opened
at 81 Is cents, with sales at the same time
at 81 Il cents to 51$5 cents. after recovering
to 5lx cents. IL ruled very weak after
that and became heavier and heavier.
After few weak and poorly sustained
rallies. it sold near LO1 cents, winding up
at 501z@5s cents.
Following corn in its fluctuations and
meeting with a very poor sale, The oats
market was a very uninteresting one
throughout today's entire session. Nay
opened shade easier at 325S cents, touch
ed at 32st cents and sold down to 1875
cents where il closed.
In provisions some disposition was
shown to cover previous short sales. but
advantage was taken or the rallies to re-
new the selling. The fluctuations were
confined to narrow limits. Pork, COM
pared with yesterdays latest, is 2j5 cents
higher and lard is also 211S cents higher,
with ri lbs unchanged.