The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-13
HOLDING THE KEY
UNITED STATES EXPORTABLE SUR
PLUS THE DEPENDENCE
Wheat Feeding Abroad - Foreign
Stocks DiminiSning-Ru Sup
plies derate-Pro5pect Encour-
agiu@-Saturday's Loss Regained.
Corn Follows " heat.

| CHICAGO, Nov. 12.-Whe.t was strong
/ stocks abroad where much of the crop is
! going into the PIX trough. just AS IS the
! case here, was the main cause of the ad-
vance. Corn followed wheat III a reluct-
ant fashion and gained only 3 cent. Pro-
visions were strong and made consider
ahle advance. Oats trailed after the o. her
markets, gaining Z cent for May.
Wheat opened with an entire recovery Of
the % cent II lost Saturday. coz being
paid for some May. The price huctuated
for half IA hour between COZ cents and
608 cents and % cents and then bad a
! temporary shoot up 10 G0}z95s cents
Liverpool. quoted gain OF from 4 pance
20 & psnce per GENITAL, but these quota
lions were accompanied by remarks which
had more influence than those not very
alarming figures. They dwell chiefly
upon diminishing stocks. A private LIVER
pool dispatch said Russian supplies are
InoderAte,s aud lntimatrd that the key to
the situation was the eXportRble surplus
OF tliiS country. PirIs wired that stocks
were small and likely 10 decrease, and that
the wheat aud -four market WIS firm aud
advancing. Besides the strong cabis-
grams, the domestic situation has some
points OF encouragement TO holders.
Mort hwesteTn receipts were again light.
An advance by the northwestern m.ilers
OF 70 cents per barrel IN the price OF
their -four was tcleEsaphed from Mime
aDoIis. Primary Inark-t receipts were
about the same rs on Monday last. The
visible supply increased 1913. 90 bushels,
but that was not regarded as bsarish
Item III view OF the trade having previ-
ou-ly discounted q possible gain o! 500
go bushels. The market WAS fairly steady
IA about 6G3s wnen the visible supply was
posted. but after that statement dropped
TO COS cents l. recovered again TO 61Y
GEMS on the strength of the closing cables
and touched 500 ceuts. Pardridge, how
ever, began 10 sell very freely, and the
price dropped under that selling TO COS
cents, but reacted to CO.'S cents at the
close.
The corn market did not interest a great
crowd today. The price improved IS cent
at the opening and the strength OF wheat
tended To prevent decline during the
Gag. May opened al 90 cents, sold spar
ingly at 495s cents and then gradually in
crsaSed its GAN until, after touching 5O2
cents. the reaction Ia wheat caused corn 10
follow ii. and MAY was at 50I4 about half
an hour from the close. IL Was at 50E9I
cents 1T the flush.
Quite an active session was passed In the
oaIs marheI. Caring ton-Ha and
Lamson Brothers were bidding freely.
The visible supply showed a
decrease of sos 600 bushels in oats. Some
strength was derived from thru. but the
most important cause for the advance was
the good demand and the higher prices in
corn. MAY started a 321sG324 cents. and
sold up to 81 cents, CLOSING al 81 cents.
The provision market was strong Tor
about an hour. l. then became very wob-
blv and uncertain, with from cents aud
~ cents changes in value between trades
in pork. Lard and ribs took their cue from
pork, bat were played in minor key. The
market became strong again later on buy
ing by Armour's brokers and covering by
shorts. TIE gains for the day Were: Pork,
42115 cents; lard 20 cents and ribs 2213
cents