The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-28
COMING IN PLENTY
NORTHWESTERN WHEAT RECEIPTS
CONTINUE HEAVY.
Early Demand for Wheat Collapses-
Visible Supply Promises an In.
crease-BullS on the Re reat To-
ward the CIose-Local Stocks of
Corr Vanishing.

! CHICAGO, Oct. 27-Business was again
extremely light in the speculative mark ct
| aud the dizziness had an adverse effect on
! the value of wheat, December closing with
! a loss for the day of IS cent. Corn was
sustained by the evidence OF gradual eat
! ing away OF local stocks aud prospective
! scarcity of the contract grade, AMI May
! closed unchanged with December e cent
! higher. May oats closed Z cent lower,
| and provisions made moderate gaius.
Wheat opened with a semblance of i'm
| provement in tone, 525jE cents being bid for
December for a few moments, but the
faint bubble of demand soon burst and
| there Were sellers at 52ss cents
minute or two later Northwestern re-
ceiprs were again heavy, Minneapolis re-
porting 30, cars and Duluth $50, or ! ,G6i in
ALL compared with 1.0J0 cars Oh the CORE
spending day of the year before. Chicago
received III cars. Foreign markets were
about steady. Liverpool was quoted I'M
changed for spot and remote futures and
d pence lower for October. Paris was 10
confines higher for wheat and unchanged
for flour. Berlin was mark higher for
wheat. The clearances of wheat and q our
for this week for both coaSas as repnrted
by Bradstreet's amounted to 3. 1853 900
bushels, against 1892 900 on the
previous week. and compared with 8, S27.
900 bushels on the corresponding week of
last year. The visible supply promised to
show what the bears call another hand
some" incrensa. Primary market receipts
for the day were 7SS 1SS bushels, including
those at Kansas City. Shipments were
513. 1S2 bushels. The exports for twenty
tour hours from Atlantic ports amounted
in wheat and flour to SIS 900 bushels. Bus
mess toward the end OF the session was "a
shade easier than earlier in the day. and
the increased trading was at the expense
OF the bulls. December ruling around 5214
cents about fifteen minutes from the
end. The very light business ena-
bled local short sellers-who have all
the money in the t-aie--to stick the CAD
still deeper in the bulls TANKS and get the
price down another eighth of a cent. De-
cember sold at 521s cents and closed at
that. May, which opened at 81 cents
declined TO and closed at 565s cents
Corn was shade weaker on the average
for May, but much firmer for October and
December. The latter feature WAS the
only one noticeable on the days transac-
tons. This weeks local movement has
resulted in an estimated lessening of eleva-
tor stocks to the extent of $4,000 bushels.
and the stock taking on Monday is
not likely to show more than about
100000 bushels of No. 2 corn in
Chicago, Ioday's receipts were 100 cars
and Withdrawals from store of 134, 900 bu-
shells. New York reported six boat loads
sod there today for export Liverpool
was another 1 pence per GENITAL higher for
October. The Chicago holders of October
options in Liverpool appear to be having
things all their way. Estimated receipts
here for Monday are 200 cars. October
opened at 5035 cents and closed 500 cents.
December. which closed yesterday at 49,
cents. opened at 485s cents. and gradually
worked upward until it reached 493s cents,
reacting from that TO 491s cents at the
close. May opened ana closed at 49,
cents, selling as low as 49% cents in be-
tween.
The oats market was quite active ut in
tervals during the session, aud althogether
fair business WAS transacted. 1t was
thought that the liquidation of long oats
is now about over and also that the shorts
have quite freely covered. An easier feel
ing prevailed and prices closed under yes
terday's last quotations. May at 81 cents,
sellers. At the start it sold at b 3 cents,
late mp to 321S(G3214 cents, and down to
3l5s@3lH cents.
The provision market improved slightly,
due to some little coverings of shorts and
a halt in the selling pressure. Hogs
Receipts were ID, 900 head and 10000 are
estim ated for Monday. Speculative trad
ing was light and prices at the close
showed an improvement of ~ cents in
pork and - cents in lard and ribs. The
latest quotations were Sl170 sellers for
January pork; 81. 20 bid for January lard,
and 80 80 for January ribs.