The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-17
NEAKENS AND LOSES
Everything Bearish Hits
Wheat All at Once.
DECEMBER 1-2a5-8 LOWER
Coarse Grains and Provisions
Follow Suit.

Chicago, Oct. 1S-Liquidation encourage
ed by a heavy addition to the visible sup
ply, favorable crop reports and an album
dance Of bearish statistics. including
enormous worlds shipments, weakened
wheat today. December closed with a
loss of 1-2g5-Sc. Corn declined lac and
oats closed shade lower Pork lost 10
az lie, lard 1-2GGGc and ribs 7 LIE.
Wheat opened weak, with the sentiment
decidedly bearish. Everything seemed to
be against the bulls. The drouth In the
southwest was reported completely brOk-
en-, worlds shipments exceeded European
requirements by over a million bushels
ana the indications were that the WISH
Die supply when completed would show
heavy increase while the amount on
ocean passage had increased nearly a
million bushels. Under these conditions
the bulls became thoroughly dishearten-
ed and left the bears in full control of the
market although the latter were not in
clned to push their advantages TO any
great extent The market ruled dull the
greater part OF the session, while frac-
tons were steadily scaled off the price
until the last hour, when shorts were
tempted to cover and on buying Of that
kind there was a quick rally of 1-2c from
the bottom. The improvement was only
temporary, however, as the support was
soon Withdrawn, and at the close the
II,
closing within 1-4d3-Sc of the bottom of
the days range. High ocean rates and
an advance in rates east of Buffalo help
ed the decline. December opened Csc
lower at a 5-8071 3-4c, sold sparingly at
II ga, declined to Il 1-2G1 lac. rose to
u 5-Sc and closed with sellers az Il 1-2c.
chicago received 243 cars, three of which
graded contract. Minneapolis and Du-
Iuth got LIZ cars compared with l,5H
the corresponding day year ago Total
primary receipts were 1850 bushels
against 2,l90, coo bushels a year ago. At
lanuc port clearances Of wheat and -four
cqualIed $1,000 bushels. Worlds ship
against 7,41S,G00 bushels the same week
last year. Amount on passage increased
$4,000 bushels compared with 800 900 bush
els decrease last year and the total
af1oat now IS e. 600. 900 bushels against 20
100000 bushels then. The visible supply
was $4,000 bushels, and the total in
sight is 47,3140O0 bushels.
Large receipts and falling OFF in the
foreign demand at the seaboard weak
ened corn at the opening A smaller in
crease In the visible than expected and
belief that the wet weather prevailing
throughout the west would retard the
movement encouraged heavy buying af-
ter about an hour and a half of weakness
and the early decline was partly recov-
cred. Gosh demand fair Receipts 800
cars The visible increased only 315G0O
bushels, compared with an increase fof
2, 361,0 900 bushels the same date last year.
December opened 1-8c lower at 80 80
Sic; firmed up to Bic. declined to 20 lie
and closed with buyers at 80 3-4Q3-0 7-Sc. |
Oats were weak early in sympathy
with wheat and corn but turned strong
later on buying induced by large clear
ances and a decrease in local stocks. Re |
ceipts were heavy. AS cars. The visible /
increased $4,000 bushels. December open /
ed 1-Sc lower a % 3-4c, declined to 30 1-2c
lower at p SIC, declined to z 1-2c and
advanced to % 3-4022 7-Sc at the close. !
Provisions ruled heavy throughout /
starting at a moderate decline and in
creasing the loss as the session advanced /
Too many hogs and lower prices at the
Yards were the depressing influences
Packers sold heavily. January pork clos
ed 1OG12 1-2c lower at $40. January lard I
1-2G10c lower at S5.3505.3I 1-2, and Janu-
arv ribs 7 1-2c lower at 1870. /
Estimated receipts Tuesday: wheat
I55 cars; corn, 600; oats, S25; hogs A'VVo
head. .,-,,
VISIBLE GRAIN SUPPLY.
New York. Oct 1.-THE visible supply |
IF grain Saturday, October il, as com
1iIed by the New York produce exchange, !
s as follows: Wheat 2, $4,000 increase
,.074 900 bushels; corn 15,oS5NO, increase
as. 900: oats 1853 600. increase $4,000; rye
20 go nOn. harley 2 To-. 0C0. in {