The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-14
NBEhI STOCKS SMELL
Export Demand Is Poor, and
There Is Liquidation.
DECEMBER Is 3-8 LOWER
Corn Loses Early Advance
Oats and Provisions Lower.
DECEMBER Is 3-8 LOWER

Chicago. Oct. 1S.-The rapid accumuia-
ton of stocks, together with poor ex-
port demand, encouraged liquidation in
wheat today and December closed with
a loss of S-Sc. Corn lost an early advance
of profit-taking and closed practically IN
changed. Oats declined 1-aS-Sc. Pro-
visions were dull and closed shade low
Wheat opened easy. following indiffer-
ent foreign markets and large Argentine
shipments. The demand was light and
some generous short selling soon started
the middle Of the session, reports of dam
age by drouth and insects to the new
crop in the southwest, caused slight rail-
lies, but the market was soon weighed
down again by the resumption of short
selling and liquidation induced by steadi-
ly increasing stocks all over the world.
There was slight upturn near the close
on buying by shorts, who put out sew
eral long lines of wheat on the early
bulge and took advantage of the decline
to buy in and secure profits, and the
market closed with buyers in the ma
JCrity. December opened a shade lower
at 2 1-2q72 5-Sc, declined 10 Y Csc, rose
TO p 5-Sc. sold off again to re and closed
with buyers at r. Lac. Chicago received
1874 cars, 3 of which graded contract Min
neapolis and Duluth receipts, including
two days arrivals at the former, were
1,164 cars, against 1,2H for one day at
both places a year ago. Total primary
aiy+e I -haIz
ed with $4,000 bushels last year At
lantic port clearances Of wheat and -four
equalled 673. 90 bushels. Argentine ship
ments for this week were heavy, amount
ing to 11760o0 bushels, making over 50,
000,0 600 bushels so far since January 1st.
of last seasons crop and the visible sup
ply in that country was reported to
amount to 900 bushels. against $50 900
bushels the same time last year. Mime
apolis and Duluth stocks Of wheat were
estimated to have increased !, zoo, 900 BUSH
els during the week and Chicago stocks
over 500. go bushels.
Corn ruled active and strong early. in
huenced by higher cables and excellent
cash demand Later the market turned
weak with wheat. The decline was has
tened by liquidation and proit-taking.
Receipts. SIS cars. Exports from Atlantic
ports for the day were $4,000 bushels and
New York reported 60 boat loads disposed
Of for export December opened a shade
higher at 81 3-sGS1 lie. advanced to
81 3-4c declined to 81 1-Sc and closed at
81 lac,
Oats ruled dull and lower in sympathy
with wheat and corn. Longs sold freely.
Receipts SOS cars. Cash demand was fair.
December opened unchanged at % LA
% Csc, declined to % 7-Sc and closed at
ga
Liquidation weakened provisions early,
but the decline was fully recovered near
the end on buying by commission houses
with English connections. The foreign
| demand for cut meats was greater thar
packers were inclined to fill at the nomi-
| nal price. January pork and ribs closed
unchanged at s9.55G957 - and s.. re-
spectively; January lard closed shade
lower at S.SOT5.32 -
! Estimated receipts for Saturday: Whea
40 cars; corn, $40; oats, 800; hogs, 400
/ head.
| GRAIN AND PRODUCE MARKET.
CHICAGO.
Chicago. Oct. 13.-The leading future: