The Wichita daily eagle., 1894-11-15
GETS IT ALL BACK
WHEAT PASSES BEYOND MONDAYS
HIGH WATER MARX.
strong Forei. Markets. Smaller Re
ceipts and Wet Weather in Argen-
tine Are Worth a Cent and a Quar-
ter to Wheat-Half Million De-

CHICAGO. Nov. The wheat market
today rose above its recent high water
mark and had good deal 10 encourage il
in such an unusual couEs-. Strength in
foreign markets, diminishing stocks in the
world and an unfav rable crop report
from Argentine, ali contributed TO an ad-
vance OF IL cent bushel. Corn, oats
and provisions all appeared TO need he
help given TO them by wheat. May corn
closed cent higher: May oats Is cent
higher and provisions with but little
Change.
The wheat market responded with
alacrity at the opening 70 the strength OF
the Liverpool cablegrams. Tue markets
advance, IN view Of the decline yesterday,
was surprise To the trade. France and
Berlin sent higher quotations, and the
home markets OF the northwest were sur
prisingly strong. Commission houses
here were flooded with buIing orders.
New York sent large buying orders also.
May, which closed yesterd ~ at 5JIs cents,
found hosts OF BUYERS at the Oprnng at
from COZ cents to COS cents, thus rec .v-r-
ing III Que jump ali Tue ground il lost yes
terday. After playing for short time
between the quotations named came ad-
0l. 4Otldt H. SuDDOtI Win n
of foreign buying orders, aud this luc:eaS-
ed the previous strong tone, the price be-
fore IL O'clock reaching CO.. cents for May.
The market held hrm IN expectation Cf
getting further support from he world y
supply figure, expected from Brads;rerJ's.
Al II O'Clock that statement was received,
and it did not q sappoiut the bulls. As
soon as il was published there was a rush
among the local &c tlpers for wheat, and
they pulled and tossed about making
excited dives in dozens for every lot offered
aud bid up the price until within ten
minutes from the receipt Of Bradstreets
fl -ures May wheat sold rs high as 81 )
ceLts. Taking the net result of Brad
stree'S statement. the worlds visible
supply decreased i72 900 bushels last week
and that caused the quick advance referred
10. II was said in dispatches from Liver
pool that Argentine wheat crop pros
poets were suffering from excessively
wet weather, that bting given As the prIn-
cipai reason for strength in foreign mar
kets. 1ne market wound up strong and
closed al 81 cents for May.
Corn still leaned upon the neigh boring
wheat market for support. The price was
raised little 10y tie bulishness of wheat
but not sufficiently TO create any general
alarm among the shorts. The op-nlng
price for May was at Is cent advance on
yesterdays quotation aud the increasing
SLTthSIn OI Wucdt as the season pEOStesaeu
gradually worked up the shorts from a
stale of indifference To condition Of some
anxiety. May, under liberal denar d
from that class of buyers. advanced TO 5J%4
cents aud closed at J02s cents.
The aggregate sales of oats hardly
amounted 10 an average good days busI-
ness, but strong market was apparent
aud At intervals considerable ac iyIJy was
noticeable. The principal governing power
Law in wheat and corn. Nav started at
32@5@32i5 cents, sid uD TO 3- 3 CEN down
to 81 .@325s cents. ana Close: al 32@4 cents
Inc rece pts of hogs here and elsewhere
in the weSt amounted 10 AN enormous aS
gregate compared with recent numbers.
Considering sucn receipts, tae steadIuess
of the PROVISION market WAS remarkable,
although during the great strength III
wheat, prices recovered to about the level
of the closing rates OF the day before. j an
uary pork and lard are without change
and ribs - cents higher.