The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-28

CHICAGO. Sept. 27-Corn started firm
today, but under heavy selling weakened,
closing Scents lower for May. Wheat and
oats went down with corn after early ad-
vance<, wheat finishing unchanged for
December, aud May oats q cent lower
Provisions closed with moderate gains.
Another slight decline in the price of
wheat inaugurated the days business
December wheat sold at 531I cents shortly
after the opening and held between that
and 53ss cents for an hour The north
western receipts, which for some DAYS
have been the most prominent bsarish
feature in the situation. once more con-
tri5uted by their bulk to the en-
courageEenu of short selling. Minneapolis
reported the receipt of 632 cars and Duluth
292 cars, making together 923 cars COM
pared with 800 cars on the corresponding
day of the previous year. Foreign mar
kcts were generally called weak and dull
at slightly lower quotations. Kansas City
aud st. Louis reported little export bust
ness in wheat. The trading in the fore
noon was very light both on outside and
local account. The primary western mar
kets received an aggregate somewhat ex-
ceeding 1000, 600 bushels. but of that guam
tity all but 100000 bushels appeared at
Chicago, Minneapolis aud Duluth. st.
Louis, Toledo, Kansas City, Detroit
and Peoria received together only
100, PAS bushels. The feeling became firmer
when the small winter wheat market re-
ceipts were observed and when the latter
cablegrams came in reporting a slightly
firmer tone to the Liverpool market. De-
cember rose to 5355@$l cents and touched
LILO cent higher than that for an instant,
before the buying which started in conse-
quence of the small winter wheat receipts
and better tone 10 the closing at Liverpool,
had exhausted itself. The Atlantic port
cearances for twenty-four hours were dis
apDointingly light. The market after act
ing strong up to within twenty minutes
OF the close began TO give way
at that point In sympathy with
closing weakness in corn, although
New York advised a fair inquiry for
export and sales of seventeen boat loads.
Alter selling as high as 53${ @53Y cents,
the price of December got down to 5lA
cents, where il closed.
Corn WAS weak at the opening at Il to q
cent below the closing price of yesterday.
May sold from 50L cents down TO 80 cents
and then settled for an hour or so at from
show bolder front, corn followed in "A
similar manner and reacted to 500 cents.
Tennessee was offering corn. to arrive in
st. Louis, a thing never heard of before. IL
was said. The drouth district in Nebraska
was reported to be asking Omaha for bids
for old corn and the railroad yards
there were reported to ba GRAINED
full of loaded cars for which there was no
storage. Under this and other bearish in
tiuences. combined with liberal selling
the market became very weak near the
close and dropped all the gain it had
made on the reaction from toe opening
prices 1t got down TO 49H cents for May
and closed at $4,000 cents.
Trading in oats was of good volume al
though divided up principally in small
packages. Higher prices were scored. led
by the advance in wheat and corn. Car
ington-Hannah bought quite freely of
May. The remainder OF the trading was
scattered among local dealers and scalpers
May started from 3315@334 cents and
gradually advanced to 81 Cents. 1t weak
ened with corn later and closed at 3315
cents.
The provision market was firmer and
not much could be bought without in
ducemeDts III the shape of higher prices to
the sellers. Shorts took some when they
found that country holders had some for
buying orders and none TO sell. The OPEN
ing WAS weak in sympathy with weakness
in the grain markets at the same time,
but the demand at the decline soon result
ed in an advance, during which prices re-
covered all the early loss and added re-
spectacle amounts to the closing prices of
the previous quotation. AT the close,
pork, lard AMI ribs were each 10 cents
higher. Frei.hrs are Il cents for wheat
and Us for corn To Buffalo.