The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-06
MANY ARE SELLERS
EVERYTHING LOWER ON TIE
CHICAGO BOARD OF TRADE.
Too Many Playing the Same Game at Once.
Having Bought Before the Election in
Confidence of a Rise, and Now, Seeking
to Take Profits, Finding That Too Few
are Left to Buy-Rumor of Bryan's
Election Also Hangs Milestone About
the Neck of the Markeis-Other Mar
kets On-Markets In General.

Chicago, Nov. 5.-AI the speculative
commodities dealt in on the board of
trade closed lower today, wheat declin-
ing 2 3-Sc. corn lie, oats lac and pro-
visions 1-2 TO II lie AS was the case
yesterday, large quantities of stuff
bought before election in anticipation OF
an advance were dumped on the market.
This was apparently the chief reason for
the decline.
Everybody appeared TO have wheat for
sale when the trading in it starred. De-
cember, which was worth 81 lie as the
session was ending yesterday, was ur-
gently pressed for sale at 70 SAC, but
practically none could be disposed Of IN
til it was offered at 70 lac 1t was only
minute or two longer until there were
no buyers a. over 15c, and half an hour
from the Opening il sold at "A Lac. Stop
loss ORDERS in a great number of instan-
IS could not be filed until the loss had
largely exceeded the limit set by the bro
+lers' customers. There was considerable
disappointment in the cables, which
came lower, in spite of our sharp bulge
yesterday, and it had a depressing ten
dency. But this in itself was not suf-
hcient to cause such a sharp decline, es-
pecially in view of the somewhat buliish
tendency of other markest. Minneapo-
us and Duluth receipts amounted TO S6t
car loads, compared with 1.221 on the
similar Gay oof last week and 1.435 car
io2dS on the corresponding day of the
gear before; all outside markets were
much higher than this one. Cash wheat
was in excellent demand and for the most
part brought within 1-2 or 3-4c OF yes
Ferday's price, even when December was
down . 1-2c. Too much had evidently
been bought in expectation of an imme-
date big advance after the election, and
those who had not seized yesterdays op-
portunity 10 take their profit had evil
IDENTIFY begun to think il was now time to
take what might still be left Beer
bohm's report that the worlds wheat
stocks had increased rs, DOC, 900 bushels
during October was another weakening
FACTOR, as was the report put afloat that
the later election returns showed the
success Of the free silver presidential ca N
didate. This report, which has been tele-
graphed into the country, brought a good
manyseliing orders. Outside of buying
10 cover shorts and secure profits, the
market received very little support. Very
shortly after u o'clock the market which |
IN the meantime. had rallied to "A 3-4c, |
took another slide. which landed it at |
20 lie. Half a cent of this was quick |
ly recovered and at the close December |
was selling at "A 1-Sc, with a slightly bet l
ter feeling prevailing. /
Corn opened weak and remained in |
that condition all day. The weather in /
dicated smaller receipts and the out-in-
spsction was over $50 900 bushels, but the
break in wheat, weak cables and light
demand. with the light specuIa- t
tive business, was all against the price.
and the selling was active. May started
Lie lower, at 2S 3-Sc, gradually declined
to 2sc and closed easy at IS lac asked
In oats business was limited and the
market cloud truthfully be called a pure
y sympathetic one. The feeling was
easy early and prices declined Later a
better feeling devlopd and prizes recover
I'd somewhat. May opened lac lower
AZ q 5-Sa3-4c, declined TO q 1-2c and
closed at the opening prices.
Provisions Jared no better than the
,ther markets. A weak hog market was
sufficient cause for lower opening prices.
There was little demand, and as every
me was inclined to sell, a further de-
line was Inevitable. Closing prices were
II about the bottom. January pork closed
o cents lower. at $3.50: January lard u
= cents lower. at $3.50, and January
lbs IL cents lower at s3.S5.
Estimated receipts Friday: Wheat, 40
'ars; corn. 575 cars; oats, go cars; hogs, |
! 600 head