The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-21

CHICAGO, Sept. 20,--The bear raid in the
markets continued csday and lower prices
resulted. The weakness was largely the
result of free selling. December wheat
closed = lower; May corn, e, and May
lower all around.
Wheat continued at the opening, the
decline which was in progress at the close
of the market yesterday. There was no
news of special importance at the start.
but the drop in prices had whetted the ap-
petite of the short sellers. There were re-
ports from the seaboard of yesterdays
takings for export having been very
much heavier than the kilograms of
that afternoon had given indication.
The receipts here were light, only
123 cars having been inspected into store.
The primary market receipts were below
the 1,00000G bushel marx, but not suffi.
GENTLY SO TO be of any assistance to the
bulls Cablegrams from foreign markets
reported the weakness there, owing to
yesterdays decline. The weakness at the
opening and the volume OF selling orders
received no abatement up to the middle
of the day December, which opened with
buyers and sellers at from So Il @551s cents
after short display of resistance TO any
further decline, was reluctantly forced to
succumb until it reached 54T cents. Longs
were the sellers and shorts the principal
buyers. Trading was active around 81
cents and that appeared to be the mark at
which both shorts ana fresh longs were
willing to take all the offerings. The
market ruled heavy, but dull during the
last hour OF the session and the price at
the close was virtually at the bottom of
the days range. 30 cents for December and
20 cents sellers tor May.
Corn was very weak. IL opened at de-
cline of about = cent but a sale or two
was made at the start within half cent
OF yesterdBT closing The opening raugr
at the start for May was from 5214 @528
cents. TIE principal trading was 525s and
621 cents 1t held little bove the lower
OF these quotations for time, and touched
BPS cents before it made its second plunge.
IL got down to 81 cents before it recovered
sufficient support to quiet the anxiety of
some OF the remaining anxious longs. A
good many lines of moderate dimensions
held for country occount were tumbled
into the hands of the local bears. Cover
ing of shorts and buyiog against puts
caused slight recovery from the lowest
price already named, but the estimated re-
ceipts of $50 cars for tomorrow prevented
any material recovery. The closing price
Tor May was 5214 cents
Oats also took tumble. The weakness
In wheat and corn, a good deal of long
stuff offered. and much lower cash mar
ket, We're all influential in creating II
heavy feeling and diminishing prices. A
fairly good business was transacted. Sell
ing was quite general, both in heavy aud
light portions. May opened from $50 TO
65s cents. declined to 343s@34$l cents, ana
closed at 345s cents.
Provisions were weak at from 21z@1I5
nScfIna a
weakness was not relieved until within
half an hour OF the close. when rally TO n
limited extent took place There was
noI hing visible outside of the action in the
pit to account for the days weakness,
which was largely due to corn. January
pork closed III cents lower, January lard
10 cents, and January ribs Z cents lower.