The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-25
LOSE ALL ROUND
EXPORT FEATURES DROP COM.
PLETELY FROM The NEWS.
Heavy Northwestern Receipts in Evi-
dence With Reports of Better Con-
dition of Argentine Nheat-COrn
Runs Over the Estimate but Holds
Out Till Wheat Wea kens il.

CHICAGO. Oct 24-After a strong open
| ing in the wheat and corn markets they
became weak, and closed with respective
| losses of 4 cent and = cent per busbel.
The oats and provision markets were even
! heavier than wheat and corn Oats lost
| Z cent per bushel and pork 81 cents per
barrel.
The weakness in wheat was largely
caused by heavy Northwestern receipts
and improved reports from the Argentine
| crops. There was II good demand at the
opening at = cent advance over yester-
days close. There was but enc point in
| the early news which was distinctly en-
couraging to the bulls, and that was an
advance of OF per quarter In the
value of Argentine wheat on passage.
Yesterdays reported decline of q pence
per quarter in that description of wheat
had ueen sever disappointment to the
bulls, and today's ameuded or improved
pric, was all the more encouraging,
| therefore, from being totally unexpected.
The bears in the Iket who were short
expressed great deal of timidity for q
few minutes and did not Cease buying
until they observed that Partridge had
his granary oDeu and Was shoveling more
wheat from it in among the buyers than
they were likely TO stand very long.
After keeping December at from 5351s
cents to 531I cents for minute or
two. it sold down TO 53 cents. but had 10
submit TO a worse break after about half
an hour, when it dropped quickly from
52$l cents TO 521s cents. May in the mean
time had declined from 5S1sW5s14 cents at
the opening To 515s cents. Notwirhstand-
ing the reported advance Of 9 pence for
Argentine wheat New York dispatch
said that Il cablegram from Liverpool 10 a
prominent grain shipper there quoted an
easier feeling at tue close on account of
improved reports from Argentine. The
market here was weakened by what came
from New York on the subject referred TO.
May wheat closed at 5712I51%z cents and
December at 52$4 cents.
Receipts of corn were 100 cars, compared
with the estimates of 10 cars. The expect
ed receceipts tomorrow are 10 cars. The
market held up To or over yesterdays clos
ing prices until about Al minutes from the
close. at which time there was weakness
on account of the declining tendency of
wheat. The lowest prices of the day were
current at the close. Nav opened at SOS
cents and closed at 49$4 (G495s cents The
shipping demand which Caused the firm
ness yesterday, was evidently exhausted
as there was none whatever today. Bust
ness was moderately active near the CLOSE,
but nervous and easily Influenced by the
buying and selling of moderate quanti-
ties.
Trading in oats was still dull and prices
suffered another decline. Outside orders
were limited aHd the little which was do
ing was all scalping aud local. The con-
tinTed weakness was partly influenced by
II like feeling In corn, although the very
heavy cash market was principally in
fiuential. May started shade firmer At
3234 cents. sold off To S21s cents and closed
at that price.
A run of 81. 900 hogs today and "a, 900 es-
timated for tomorrow accounts for the
weakness in the provision market Long
and short clear bacon was quoted Is lower
in Liverpool aud the domestic demand for
spot goods was reported to be very limited.
For those reasons. aided by the hostility
to the bull side evinced by packers, the
market ruled very heavy and prices had
severe break. Pork closed with loss of
35 cents and lard and ribs each 11J5.