The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-09
SMALL GAINS MADE
SUPPLY STATEMENTS AGAINST
LOWER CABLES
Wheat Msrket Opens Under Mondays Clos
Ing for May, With Lower Cables and In
crease In European StoCks-St. Louis
Reports Sales of No. Red and Brad
streets = Five Million Bushels Decrease
CLOSING Cables Lower But the Market
Holds Out Well and Closes steady =
Other Markets Little Changed.

| Chicago, Dec. .S.-Wheat opened weak
this morning, but with no indications OF
| any great trading. Cables were lower,
as they were expected 10 be; an increase
OF 100000 bushels in European stocks
was reported for the past month, and
there was 100000 increase on passage
FOR the same period. May opened at 50
| GSoA cents. as compared with SOS
cents yesterdays closing figure. Under
steady liquidation and lower second ca
Dies, the market sold off slowly to 1885
cents, then recovered to so cents, selling
at 79% cents at the end of the frs,
hours trading. The days statistics fur
n.shed some encoura cement. The CHI
cago receipts were SO cars, compared
with 2S7 in the corresponding day last
year; Minneapolis and Duluth got 4S2
cars. against 1,238 last year. The Allan
tic export ciearances of wheat and flour
were equal TO Ats, 900 bushels. A telegram
from st. Louis said that one-fifth OF all
the Ma. red wheat there had been sold
in the last twenty-four hours. Brad
streets figures were a total decrease on
the worlds stocks Of 4,947, 900 bushels.
On account of that the price, which had
meantime crept up to 803s cents, rose 10
S0Ss % cents, and after slight reaction
to S01e cents. 1t took a second squirt as
high as 81 cents before the effect of the
big reduction in the worlds visible ex-
hausted itself. Closing cables showed
general declines. The market, however,
held its advance well, May finally clos
ing steady at S0a4@A cents.
There was an unusually large trade
in corn. 1t was accompanied by no ex-
(.st i H.
range, being governed almost entirely by
the variations in wheat. May started Is
cent lower. at % cents. 1t sold between
26A @25H cents, and closed steady at
z6hQH cents.
AT the opening oats were steady and
remained so until The professional talent
from wheat and corn came into the mar
ket and by free selling caused prices to
decline and a weak feeling TO exist. La
ter, however, under liberal buying and
TO some extent through sympathy with
wheat, there occurred a reaction which
recovered the early loss and a slight
fraction in the bargain. May opened
shade lower at 2114 cents, declined to Il
cents, recovered to 213s cents, closing
steady at 21H@3s cents.
Trading in provisions, as usual, was
quiet, but prices were steady and I'M
changed but little. Opening prices were
slightly higher, helped by a firm live
stock market This was also the incen-
tive for the good buying which followed
and which held prices steady throughout
the session. May pork closed cents
higher at $7.95. May lard 21a cents high
er at $40 and May ribs 21a cents high
er at s4.O21la.
Estimated receipts for Wednesday:
Wheat Is cars, corn $50 cars, oats 207
cars, hogs $4,000 head.
BRADSTREET'S REPORT.
New York, Dec. Especial cable and
Geographic dispatches to Bradstreet's
covering the principal points of accumu-
lation indicate the following changes in
available supplies of grain Saturday.
Dec. 5, as compared with the preceding
Saturday:
Wheat-United States and Canada.
east of the Rockies. decrease 2,447, 900
bushels; afioat for and in Europe, de-
crease 2.544, 900; total decrease worlds
available 1891 600.
Corn-United States and Canada. east
Of the Rockies, decrease sos, 900 bushels.
There was a large decrease in stocks
of available wheat at Fort William last
week, nearly 100000 bushels. Most of
the other decreases not covered in the
official visible supply statement were
small. The most important of the cor
responding increase was that at Cleve-
land. 2S9,000 bushels. the next largest be-
ing $4,000 bushels at Kingston.