The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-09
WHEAT GETS WEAK
CORN ANDOATS CLOSET0WER AND
PROVISIONS DECLINE
Big Increase in Visible Supply Re
pulses Wheat ard Chases it Back
of Where it Started-All News was
Bearish Except Foreign Markets
Corn Weakeus With Wheat.

CHICAGO, Oct. S.-Ihe wheat market
was 81 rong today until the visible supply
statement Was received. When over ?, 900, =
coo bushels were found to have ACCOUNT la-
ted during he week, the market became
weak, closing with all the early 5E-cent
| advance gone and 4 cent per bushel be-
sides. Corn opened strong and closed
weak. 4 cent lower for May, and May
oats cioseG Is cent lower. Provisions also
finished at a decline.
Wheat opened strong at from 541[ to
81 cents for December and from 591S 10
591i cents for May. The former sold as
high for moment as 542s cents and May
at 30 cents, after which the tendency was
downward for matter of two
hours. At 1l:3O o'clock, December
Was down to "a aud May to 591I. The
visible supply statement had been received
by the time named, and during the time
I he figures were being received their bear
ish indications were the cause of the de-
Ginning fendenty of the mark-t. The final
result giving an Increase of 2201, coo bush
els. where some had looked for less than
500. 900 bushels. settled the contention over
he visible supply in favor of the bears.
The price for December sank a little be-
low 5S5s cents, that figure becoming The
current price for halt minute or so about
II o'clock. The reasons or the frmness
OF wheat AT The opening were the
decrease of l,0l7,OO0 bushels in the
quaint Oh ocean assage, and the firm
ness of The early English Cables Liver
pool reported American spring and winter
wheat from IA o IA higher. and Argen-
tine cargoes were quoted pence per quar-
ter over previous quotations. Indian
shipments for the week We're reported by
Beerbohm's at 26 900 bushels The re-
I .<~ft IL.
rather bearlsh. Continental markets We're
reported easier. The northwestern re-
ccipts We're heavy. Minneapolis and Du-
luth returning L016 Car loads. The total
at primary markets WAS geo, QUO BUSH
el-, including what WAS received at Kansas
City. and the Atlantic clearaHces since
last r-ported amounted to 365. coo bushels,
only 81. 600 bushels which was IN shape of
wheat. Regarding exports of flour. the
Mort hwestern Miller remarked that a con-
sidera Bile proper ion of present shipments
are merely consigned Selling becoming
quite general near the close, the crowd be-
ginning TO think of what might De the
effect upon prices should Bradstreet's to-
morrow discover 1000 600 bushels increase
in the visible supply in addition to that in
the fficial statement. December sold off
to 535a cents and closed al 53X cents
The corn Market Was strong at the be-
ginning aud went toward the close.
Tie receipts although somewhat heavier
than the estimates We're only seventy-nine
car loads. There was "A decrease OF 753,
600 bushels IN the amount on ocean pas
sage and IL decrease of 400, 600 bushels in
the visible supply. The total of the latter
is now sos coo bushels against SS05, goo
bushels last year. The features of the
early trading was the bidding up of the
October delivery from 81 cents TO 81 cents
per bushel, but the principal buyers of that
Il Iii he. al oil nF
May al that time and up 10 the close. May
opened strong at 81 rs cehis and 5l15 cents
bid, with 51$4 GEMS paid for little
about the same time. Tie demand was
quite brisk at around those prices for
ABOUT an hour. the price touching 5lS
cents for an instant. The weakness, III
wheat near the end encouraged short sell
ing. and prices which had begun to de-
cline, began to give way more rapidly and
the market in The end became Very weak.
My iumbled to 50T cents. and closed at
5OI@51 cents. October, which sold early
al So cents, and at that price bid at one
time, declined to 51A cents and closed at
5lI cents.
Business in oats was quiet. The fiuctu-
ations We're governed entirely by the corn
market, opening firmer and selling
off later Nortou-W ortEiug at the OPEN
ing bought quite freely, comparatively,
and later on In the day. CarrIugton-
Hanna sold some May Started Il cent up
from Saturdays closing price, AT 34$4
cents. sold at 345s@341z cents and declined
TO 33jsc. where II closed
Provisions in a general way followed the
lead of the wheat and coru markets. They
were strong al the opening and weak at
the close. Hog receipts were bout AS had
been expected aud there was no important
change in their price. Receipts for to-
morrow are placed ut 10000. JHuuasy
pOrlx .fG ID at SD 81 sold off IN
Sl26715 at the close. or 5 cents decline
from Saturday. Lard opened with a gain
OF cents and closed with the advance lost
anu without changes since Saturday. bs
rose ~ cents aud fell % cents. making "A
net loss of 5 cents. treights ready at
1$E cents for wheat, L cents for corn and
rs cents for oats to Buffalo.