The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-11-10
At THE LOWEST POINT
Touched in the Present De-
cline Wheat Arrives.
STOCKSHIGH; DEMAND LOW
Coarse Grains and Provisions
Show Advances.
TOCKSHIGH;DEMANDt0 LOW

Chicago, Nov. 9.-An increase in stocks
and languid demand resulted in wheat
touching the lowest point of the recent
decline. Covering by shorts later ad-
vanced the price, December closing IN
changed and May Il cent lower. Corn
was firm on light country offerings, De-
I cember closing &c and May Ac up. Pro-
visions showed strength, with higher hog
prices, closing 21ac over yesterday, Oats
! closed 1sc higher.
The weakness of Liverpool was the
paramount factor in the opening OF
wheat. The initial price was unchanged
pom yesterdays close, December at 681s
/ Q6s14c and May at 721sc, but sellers were
/ in the majority and prices eased of to
( 673sc for December and 717sG72c for May.
Bhorts and those trying TO protect puts
got into action at these figures and their
! buying forced an advance December
lsclimbing to 6S1sc and May to 72c The in
crease in stocks and the lack Of foreign
demand added to the influence of Liver
pool were too much for the market TO
hold up under, however. Liquidation be-
came quite general and the price sagged
TO point lower than at any time during
the present decline. December sIumped
to 67@sG67Ac and May to 719sc. Late In
the session the strength of corn and good
export demand at New York brought
/ better support to the market. At the
bottom figure shorts became active buy
ers and December advanced to 6s1sGeS14c
and May to nc bid, at which they closed.
Trading during the most Of the day was
without animation. Statistics were gen.
orally bearish. The Price Current said
winter wheat was doing well, although
Ohio and Michigan reported some inroads
made by the Hessian fly. New York re-
ported q loads taken for export and the
seaboard IS loads. Receipts were light.
Clearances were 900 bushels. TIE visi-
BILE Is expected to increase 100000 or
more.
Corn held its own throughout the ses-
sion save for little weakness with wheat
at the opening. The bull feature was the
absence of country offerings. Receipts
were small. Atlantic port clearances
were $4,000 bushels. The trade was dull.
December closed at 31lzG31ssc and May
at 32s.o
sympathy with corn and some buying
by shorts held oats firm The market
was dull December closed at 22H0225sc.
Receipts small; clearances 1900 bushels
Hogs at the yards were sc higher. a fact
to which was due the strength exhibited
by provisions. Trading was extremely
duh throughout the session and fuctua-
tons were within narrow range The
close was at gain of 21ac all around
January pork at 50. 721a, January lard at
S5.2515.271A and January ribs at So O21a.
Estimated receipts tomorrow: Wheat
90 cars, corn 2S0 oats 160 hogs, 5000
head.
BARDSTREETS VISIBLE.
New York Nov. S-The following tele-
gram and cable advices to Bradstreet's
show the following changes in available
supplies, as compared with last week:
Wheat-United States and Canada east
of the Rockies. increase 2.G47OOO bushels
liverpool Corn Trade News: afloat for
and in Europe. decrease 4,1O0, 900 bushels.
Total supply, decrease /, $4,000 bushels.
Corn-United States and Canada east of
the Rockies. decrease S13-9 COO
Oats-United States and Canada east of
the Rockies. increase $4,000.
Among the more important increases
reported but not given in the official visi-
bic supply statement are those of 677, 900
bushels at Chicago private elevators, S50,-
900 bushels al Northwestern interior ele-
vators. 100000 bushels at Manitoba stor-
age points, 5000 bushels at Portland,
Me. and $4,000 bushels at Kingston. The
principal decreases are those of 1905
bushels at Depot Harbor. Ont. and 5000
bushels at Minneapolis private elevators.
The aggregate stock of wheat held at
Portland, Ore. and Tacoma and Seattle,
Wash, decreased 10000 bushels last
week.