The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-08

CHICAGO. Sept. THE public cables do
not often furnish a sensation. but today's
London dispatch to the board Of trade
| proved an exception. Two cargoes of Rus
sian barley were reported sold for ship
ment to New York at price equivalent to
about 46 cents fer forty-eight pounds, duty
paid ex-vessel at the latter port TIE Rus
sian invasion at New York was of much
advantage to the bears in the grain mar
ket- Corn dropped 2 cents per bushel for
September aud October delivery, and
wheat brought from SIS cents for Deem
Der down to 571s cents closing - cent
lower than yesterday. September oats fln-
ished lower and provisions closed practi-
cally unchanged.
Wheat averaged strong during the fore
noon. 1t opened with an addition to yes
terday's closing price for December at
from 4 to g cent per bushel. but had
some little difficulty in maintaining the
advance, owing TO occasional lapses of the
corn market. Business was heavier than
on the day before, but it was far from
reaching its usual autumn gait. Reports
here and in the northwest gave no indica
lions of falling off, PA car loads being all
that was reported here, 34S at Minneapolis
and 3l5 at Duluth. The reports of g93. 600
bushels at the primary western markets
was still too close to the 1000, 600 bushel
mark TO permit of much comfort TO the
bulls from any falling of in
farmers deliveries. A matter which
caused considerable disquietude to the
bulls In both wheat and corn was the re-
ported sale Of two loads of Russian harley
at Odessa for shipment TO New York.
Whether barley is being imported for
feeding purposes, or for mating, as
claimed by some, it will in any case set
free an equal quantity of American grain
thus the effect became more bearish the
longer 1t was discussed, and finally il
broke both corn and wheat. The opening
price of December was at IS to SIS cents,
and after that the tendency was gen.
orally downward. 1t did not suffer much
till about after TWO hours of the session
had passed, but it broke badly after that,
losing all but about Is cent of yesterdays
advance, the closing quotation being 81 q
81 4 cents.
The corn market opened with a continu-
alton OF the buying which struck the
crowd yesterday afternoon, but in the
course of the session, the speculative wind
Veered completely around and prices had a
severe break. September corn sold early
Mt 5o13 and May opened at 5614@12 cents;
late, after the sensation of the day had
worked itself well into the understanding
of the crowd here, and the outside people
TO whom it was telegraphed, the
market broke badly. September broke
To 5G12 cents; October TO SOS cents,
and May to 551I cents, and there was but
little subsequent recovery. Some If the
country holders realized profits on the
opening bulge and the local crowd of bulls
solo heavily. Closing prices were near the
bottom of the days range at 5S5s cents for
September, SO cents for October aud 5454
@54$s cents for May.
For the first time in a long time, the
oats showed some Independence. AT the
start. prices were steady TO a
shade firmer, but instead of GO
ing still higher with the fiuctuation in
corn. they gradually declined. There were
few buying orders and the outside points,
were prominent in selling, con
sequently the decline. Opening Septem-
Der at sos cents sold 10 30l4 cents and
weakened To thirty cents. closing al 2975
cents. The provision market was quiet,
but firm and did not take fright like the
grain markets at he Russian invasion
were 1900 and only 10000 are
looked for tomorrow. Prices for the pro-
ducts were rather inclined 10 advance, but
in the end closed without change, except
as regards January pork which is cents
loYer.