The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-14
IT is BEARS DAY
URSINE ELEMENT HAS ITS WILL OF
THE GRAIN MARKETS.
Wheat Haif-Cent Lower and Corn and
Heavier Receipts and Report of Vastly
Increased Wheat Stocks for the Week
are Features of the Northwestern News,
While Argentine's Growing Crop Is a
Gear Factor of Power-Proyisions cave
or with the slightest Gains

Chicago, Ill, Dec. 13-The bears had
matters their own way in the grain pits
today, wheat showing a decline OF y
cent and corn and oats selling lower
than they were ever known to be be-
fore.
The northwestern receipts Of wheat
were heavier at $40 cars. compared with
936 cars week ago and 429 cars a year
ago. That had little influence in IA
vor of the bears and some reports con-
corning the probable export surplus
from the growing crop in Argentine be-
came a beariSh factor later in the day.
Later still, the report that stocks for
would on Monday be found 70 have in
creased 100000 bushels brought more
grist to the bears mill Some heavy
selling, perhaps 100, 900 bushels, said
to be for the firm which has been re-
Gently suspended for bucketshop aftilia-
tons, and rumors were current in the
pit that the wheat so sold was part Of
a line of 5000 900 bushels which belong
ed to one Of the partners of the firm.
L. LOUIS sent d Ilt-SSdSc Sd lAlAs NlldL Ittl
winter wheat, which was quoted worth
Il cents there yesterday, could be this
morning bought for 65 cents. May op-
ened here from 81 10 611s cents and fuc-
tua ted during the forenoon between
602iG% cents and Sis cents. After
that, the heavy selling began to have a
more telling effect and about half an
hour from the end OF the session the
price was down to COZ cents, at which
figure II closed.
The days business in corn amounted
to considerable total and the trading
was largely confined to the May deliv-
cry. New low price records were made;
May corn getting down to 2S3s az cents
The amount Of the days decline would
not be considered of any material con-
sequence except for the fact that pre-
viously prevailing prices were unpre-
low. The immensely of the
crop has apparently caused a general
desire to keep off the long side of the
market and, left to themselves, the
bears seemed disposed to discount zero.
Patten Bros, and John F. Barrett &
Co, were rather heavy sellers, the for
mer disposing of probably 400. 900 BUSH
els. May opened at 2S$4 cents. sold down
to 283sq12 cents and closed at 2S1a cents
bid
Another Lowest" price was establish
ed in the oats market but there was lit
tie activity. Longs Were selling out
some of their holdings and shorts We're
covering TO some extent-a general even
ing up all around. F. G.. Logan was
quite prominent as a free seller, but no
one else distinguished himself. The
feeling early in the day was slightly
frmer, due to a good demand. The
close, however, found values Il cent
under where they closed yesterday.
May started at from 19% cents TO 1875
cents, and closed there.
Provisions started firm and advanc-
ID a little, but only small fraction of
he addition to the prices was main
aimed. Smaller receipts OF hogs than
lad been looked for started some buy
ng, but when a slight degree OF firm |
less had been secured the packers fed !
'ut as much as buyers could be found (
or without materially lowering the !
orice. Pork had a gain of ~ cents /
It one time. but closed unchanged for |
January and ) cents higher for May. /
lard had ~ cents bulge also, but |
'etained only 21a cents OF ii. Ribs |
ested at 212 cents higher; corn 500 cars; |
'ats 120 cars; hogs %, 900 head.