The Wichita daily eagle., 1894-11-20
NEVER WAS LARGER
VISIBLE SUPPLY OF WHEAT NEVER
SURPASSED.
Early Buying Orders Advance Wheat
Bulls Discounted by an Almost
Unbroken Array OF Bear items
Visible Supply-Light Clearances.
Northwestern Receipts.

CHICAGO. Nov 19.-Wheat opened with
a flourish OF buying orders that tempor-
ar!ly advanced prices, but the contempla-
ton of the largest visible supply on record
dampened the bullieh ardor, May closing
with loss of = cent. Corn lost IS cent
for May; May oats dropped 4 cent and
provisions closed with declines all around,
There were buying orders for wheat in
the hands of a majority of the commission
houses when the market opened, and there
were numerous local operators who in
structed their brokers to dispose Of long
wheat. The trading was heavy for two
hours. An advance Of s a 4 per
bushel over Saturdays closing prices
was realized for the wheat sold at the
opening. May wheat on Saturday closed
at 81 4 cents and opened this morning at
from 81 Is to Gig cents. Not much brought
the higher OF tuose quotations, but good
deal found buyers III the first two minutes
at6l% cents After that the tendency was
gradually downward, although every l-16
ceut decline brought hosts o. fresh buyers.
The cables came strong and the advance
was altogether dependent upon this fea-
ture of the days news. Marty every
thing was bearish. The northwestern re-
ceipts We're enormous. The clearances
from the principal Atlantic ports Were
light. The visible supply increased
LOSE 600. The total amount now in the
Visible supply Is 81 2S2, 600 bushels, which
surpasses the heaviest ever previously ex
isting. RoseDkrans was reported to nave
sold through Pardridge aud Leaning
about 80. 900 bushels. August BrOSsard
was reported To have sold out, New York
sold through Harry Lester all the wheat
hat certain big New York spectators
bought here on saturday. Half AN hour
from he close May WAS down 10 G0%I cents
and it wound up easy at that figure
There WAS much weakness in corn dur
ing the early bullishness in wheat. The
cold, dry weather. with prediction from
the signal service of its probable continu-
snce tor two weeks, touched the market
on a tender spot. The new corn needs cold,
cry weather 10 fit it for shipment. The
quantity on ocean passage increased 352,
900 bushels. The visible supply increased
l21 coo bushels. Today's receipts were 434
cars aud $50 are estimated for tomorrow.
May, when At the Close on Saturday was
1875 cents, started at that but quickly
dropped TO 49J5 cents. only a very tile
finding purchasers at 49s cents. 1t worked
off 10 40 cents and closed there.
The etslness which WAS prevailing in the
room was prominent in oats. The de-
mand WAS good from the outside as well
the ciiy account but the total amounted
To ,rdly An average fair days business.
The visible supply showed decrease in
oats OF Il. 600 bushels. making the total
stock now amount TO 8. ll0, ,00J bushels. AT
the opening May sold at 52}5 cents, later
at 52$. cents and then declined to 3255
cent, closing at 32j cents.
Provisions had d weak day and closed
with a moderate decline for everything on
the list. Pork. after selling off l2l5 cents.
closed with some recovery and a net loss
for the dav of ~ cents. Lard at ths end
WAS also ~ cenCs lower for the day and
ribs cents lower. Moderate selling by
packers and sympathy with corn caused
the decline.