The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-11
NHEAI MARKET HEAVY
On Lower Cables and Visible
Supply Increase.
HALF TO SO CENT LOWER
Corn and Oats Higher--Pro-
visions Lower.

Chicago, Oct. 1o.-Decidedly lower quo
tations from Liverpool and a heavy in
crease in the visible supply made wheat
heavy today and caused a decline of IL
q5-Sc at the close Corn was firm and
closed 1-SG1-4c higher. Oats closed a
shade higher. Provisions closed a shade
to 7 1-2c lower.
A decline of Csc marked the opening
quotations in wheat Even at that conces-
sion there was little demand and under
liquidation by longs, mostly of a local
nature, still further recession in prices
took place. Liverpool was slightly lower
at the start but developed radical weak
ness before the close Of the session there.
1t reflected the views Of English tradrs
! in regard to the war prospects in the
Transvaal, which were evidently consid-
cred much more remote. This fact had a
strong influence on local trading An
equally important factor was the pros
poets Of heavy increase in the visible
supply. The increase was finally an
nounced at 2,0S3,00O bushels. The local
stocks showed an increase Of $4,000 bush
els. Another source OF weakness was the
enormous primary receipts, 2,461,0OO bush
els compared with 2,O15, 900 bushels a year
ago. The opening prices for December
was p 1-4G3-sc against Saturdays clos
ing Of Y 5-8GS-4c. The price worked down
to 2 1-Sc, where a little covering by
shorts caused period of steadiness. The
satisfied the market again slowly declined
keeping on the downward course until
well into the afternoon. Trading was
narrow. The forthcoming government
crop report had restraining influence
and the absence Of demand was but an
other factor in the weakness. The price
was almost continually under puts and
not until near the close was any indica-
ton of a rally apparent. The December
price in the meantime got down to Il ga
G7-Sc A break of almost a cent was too
tempting for shorts, who covered quite
freely toward the close and caused an ad-
vance to Y 1-Sd1-4c, where the market
closed. A report from New York that so
loads had been engaged for export had
some influence in causing the late rally.
Minneapolis and Duluth receipts were
1,21S cars, against 1,130 last week and
1,7SS a year ago. Chicago receipts were 434
cars for two days, six of contract grade.
Worlds shipments aggregated over $780,
900 bushels, shipments from Russia being
1924, 900 bushels. Atlantic port clearances
for two days were 1,229020 bushels. Much
needed rain was reported in the west and
northwest, permitting winter wheat SOW
ing.
Corn during the morning was active and
strong. Elevator people and commission
houses were sharp competitors for all Of
ferings and a good advance was scored.
Later the feeling became easier on pre-
dictions of general rains, and part of the
advance was lost. Gables were strong and
higher and a good export demand was re-
ported. New York placed the export en-
gagements at los cars. The heaviness Of
wheat also had a SOLDERING influence on
bulls. Receipts for two days were 1850
cars. December ranged from 30 1-2 to
80 3-4c and closed 1-S01-4c higher at
80 5-Sc.
The market for oats was very dull and
prices kept within a narrow arnge. Re
ceipts for two days were SSS cars. Scalp
ers did the bulk of the trading. Decem-
Der ranged from % 81 TO &c, and closed
a shade higher at % sc.
Provisions were dull and ruled at irreg-
uIar declines The hog market was easy,
and packers We're disposed to sell. The
cash demand was reported good, but about
the only support the market received was
from exporters buying against cash sales.
At the close January pork was 71-2c
lower at s9.67 -: January lard a shade
lower at $5.55G57 1-2. and January ribs
21-2c lower at s5.07 IL.
Estimated receipts Wednesday: Wheat
2C0 cars; corn $40; oats 80; hogs 5000
head.
VISIBLE GRAIN SUPPLY.
New York. Oct. 10.-The following Is
statement Of the visible supply Of grain
in store and afioat on Saturday, October
:. as compiled by the New York produce
exchange. Wheat 44215.ooO, increase 2,oS3.-
600 bushels: corn 1475o. 600, increase 2,26o,-
coo; oats 66So.090. decrease 6ss.ooo; rye
$4,000. increase 5000; barley 1,7SLooO, in
crease 10000.
GRAIN AND PRODUCE MARKET.