The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-23
LITTLE TO HELP IT
GRAIN GOES DOWN BEFORE A BIG
BATCH OF BEAR NEWS
Big Northwestern Receipts, Weak
ness Abroad and the Visible Sup-
ply are Capped by Reports of
Weevil - Damage to Argentine
Does Some Good.

CHICAGO, Oct. 22.-The grain markets
were rather weak today. Wheat declined
under heavy northwestern receipts, weak
outside markets and an increase in the
visible supply, closing y cent lower for
Drcember. May corn closed Is cent low er;
May oats 3 cent lower and provisions with
slight gains.
Wheat opened with much easier feeling
than 1t closed on Saturday. There was
some nervousness regarding the condition
OF the car, which the firmness of the
markets helped to increase, but today the
apprehensions on that scorce were less
acute, although there were rumors of The
death of the ruler referred to. Heavy
receipts in the northwest and the appre-
hended effect of a very heavy increase in
the visible supply governed the dealings
for about fifteen minutes at the opening
Following that and previous to the receipt
of the visible supply statement there was
some buying against puts and by timld
shorts. which enabled prices TO retrieve a
loss of g cent. That was followed by an
other weak spell. due TO a report of some
wheat having been found by an Inspector
on Saturday having weevil IN 1t
as il WAS delivered to vessel.
The weeyil ceased TO bear the market
after the matter had become fifteen
minutes old. A telegram TO Il ST. Louis
mill said the Argentine crop was damaged
to the extent OF thirty per cent, and that,
along with firm closing cables and some
more business for export from the sea-
board caused the market to rule firm in
the afternoon at some little recovery from
bottom prices. December opened at ga
531 cents. declined TO 521s CENTS, recovered
to 80 cents and then worked eff 10 521s
cents. After the visible supply statement
WAS completed the price until near the
close stuck closely to 521 cents, finishing
at 1908 cents.
Corn WAS firm early and rather weak in
the end. May opened unchanged at 504
cents aud became gradually firm until IL
was worth 50Z cents and 5016@j025 cents,
the ruling price for moment or two. Ii
worked off then to 49S cents. about half
an hour from the close with slight re-
covery from the latter price ruling In the
end. Rather heavier receipts than have
recently been ruling. and the absence of
any but a very limited shipping demand,
We're the chief reasons for the easier feel
ing which prevailed i'll the latter half of
the session. The visible supply increased
only 20 600 bushels as against an increase
of 57U, 600 bushels on the corresponding day
of last year. St. Louis quoted the market
there weak for spot corn at 49, cents. The
closing prices Tor May was 50@501s cents.
In oats business was rather quiet and
prices, which were Influenced by the weak
ness in corn and a heavy cash market,
We're lower. May started at 32I cents,
sold at 33 cents and declined to 32}s cents,
where IL closed.
The provision market was very dull, but
at shade over Saturdays CLOSING prices.
The weakness of the grain markets pre-
vented any enthusiasm on the buying side
of provisions, and held in check what ap-
peared to be more general desire to bny
than was observable last week. Fiuctua-
lions were narrow. The closing prices
show gains OF - cents ia pork, 5 cents IN
lard and pa cents in ribs.