The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-27
IT IS A STAND OFF
GRAIN RANGES TOO NARROW FOB
MUUH GOOD EITHER WAY.
Bears Fear TO Follow and Bulls Are
Timid About Rushing-Northwes
ern Receipts Lighter-Foreigp Elk
ports Very Light-New Corn In
ferior in Qualify.

CHICAGO Oct. 26-The grain markets
were extremely dull today. Firm foreign
markets prevented declines aud wheat,
| corn and oats closed unchanged. Provis-
| ions were weak aud finished lower all
around.
Wheat opened A little flrmer owing to
slight improvement in the tone of the Liv-
erpool cablegrams While firmer it was by
no meaus active. The northwestern re-
| ceipts We're somewhat lighter than for
lew days past. but with 81. car loads at
Minneapolis and 230 at Duluth. they were
not regarded as light, although amount
ing 10 - cars fewer than Were received at
the two places last year on the correspond
ing day. The small exports from the
four principal ports amounted to only
about 100. coo bushels in wheat and -four
together. The total Of the receipts at
primary markets was 1874 900, and ship
rnents 315.269 bushels. During the fore
noon the huct uation did not exceed 3-l6
cent in December and May. The market
WAS too narrow TO make much off one side
Or the other. The bears were afraid to
follow il farther down than cent. pre-
frrring to take that much profit when it
could tie got. and The buils were equally
anxious 10 turn an eighth advance into
money. The closing cablegrams quoted
Liverpool from Il pence 10 q pence
higher and firm. The sca!pers
began about u O'Clock to show
more favor to the bear side, and en-
couraged by few selling orders from the
on side. they pressed their offerings and
wheat brought about at that time tine
lowest prices Of the dag. December which
had not PREVIOUS V been above 52556525i
cents, or below 52l5 cents, dropped 10 52$3
cents. II rallied Is cent at tue finish. clos
ing 52I ceuts.
The corn market was even duller than
the very ouil wheat market The re-
crlpts were 1873 cars compared with 100 es-
tlmtted. About fifteen cars of the days
receipts were Of new corn, none OF which
grades better than No. 4, on account of its
dampness, and The range OF prices for such
Was from 32(94O ceuts according TO Its
mcIstDe' :. There was very little INQUIRY
Tor No. CORE III round lots for shipment,
but No. yellow corn was sold to the ex-
tent oil % 900 bushels. The closing Liver
pool cabiegram had II sensation in the fact
OF October corn being quotes 253 pence per
Genital, or the equivalent OF 3 c-nts per
busnei higher since yesterday. Estimated
receipts tor tomorrow are 40 cars. May
kept within tue range If $4,000 cents,
only 5000 bushels briu giug the latter
price, and ii closed ar 49,. cents
After yrsi erday'S exit aorduary session,
the oats market seemed even more iu-
significant and Submissive than ever.
Outside orders We're limited aud even
local parties and scalpers were n OF inclin
ed TO take hold May sold from 81 cents
TO 3274 aud back to 321S cents, where it
closed
Tue provision market was afflicted with |
anoi her spasm of weakness. Pork lost |
3219 crnts. aud at the close had 27J5 cents
rs TIE days decline. Lard lett oft with 10 |
cents decline. aud ribs, 121% cents.
logs receipts were 20 go aud 10 600 are |
estimated for tomorrow. Longs sold out |
and packers added by some short selling |
to the days depression.