The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-10-25
DECLINE N WHEAT
Facts at Hand Overcome
BuIlish Wheat News.
DECEMBER AT 723-8a1-2
Coarse Grains and Provisions
Depressed.

Chicago. Oct. A.-News generally af-
fecting wheat was mostly bull sh today,
but weakness in corn and sample VIII a..
together with lack of outside business,
caused decline. The close was steady
December &c lower. Corn closed &c and
oats &c down. Provisions at the close
were 21z to 1Oc depressed.
Wheat started active and higher under
the influence OF a decline Of only Il TO
sd at Liverpool in com D. rison with the
drop of l1ec here yesterday. In addition
to this the weather in Argentina was re-
ported unfavorabIe and Kansas, Ohio ard
Northern Indiana complained of Hessian
ny. Shorts covered freely early. De-
cemoer opened &c higher, at 73ls173c,
touched 7Z3sc, and then broke to 7354c.
Eight hundred and twenty-five thousand
ousheis of cash wheat were reported sold
here, but this was at prices said TO be
DC under December. The sample market
was weak, condition explained by the
allegation that elevators are stuffed full
10 the caves. This weakness, con btne1
with downward tendency in corn and
the usual Lack OF outside support, led to
hquidauon by commission houses and
bears, under which December later grad
uaIly slumped to &c Here the market
steadied on covering by shorts to Sc
cure profits. The close was &c down.
pool steadiness was reported based on
a continental demand for cargoes of
coast, and a Broomhall estimate max
ing the worlds production of whea. and
reserves of old wheat 72.0000Q0 bushels
less than last years and 3l2 10000 bush
els less than in 1898. Seaboard clearance
in wheat and -four were equal to 7S6, 600
bushels. New York reported IS loads
taken for export Primary receipts We're
1,109 600 bushels, compared with l0sf Coz
bushels last year. Minneapolis and Du-
lu,h reported Alb cars, against 377 last
week and as a year ago. Local re-
celpis were 1871 cars, of contract grade.
Corn was heavy, with heavy selling oy
a leading operator and continued liqui-
were scarce, but the converse of this
was true in regard TO the new crop. The
shipping demand was reported slack, the
buying being mostly for shorts. There
was also considerable short selling, the
bears feeling easier over the gradual re-
duction OF holdings of near deliveries
oy the markets acknowledged leader.
Considerable business was transacted in
the pit the two first hours, bur thereafter
ruled quiet. December sold between 1855
and CSC and closed sc down at sc Re-
ceipts were 237 cars.
oats were quiet and easier Despite !
the large stocks. not much pressure was
brought on the market Sentiment Is
about equally divided and the fractional |
decline today was due TO sympathy with J
other grains. December sold between ,
q hq22c and 2I24c and closed &c lower at |
I'm G2lBc. Receipts were 100 cars.
Provisions were generally weak. aflu-
enced by heavy receipts and a break IN
prices at the yards and sympathy with I
the grain weakness. There was heavy
commission house selling of lard early /
The market rallied for a moment on buy |
ing by shippers, bur eased of again /
January pork sold between 81 10 and /
$40. 30 and closed loo lower, at $40 971b;
January lard between sS5 and g. M
closing &c down. at $3.50. and January
ribs between SSH and $50, with the |
close &c depressed at s.. S211
Estimated receipts tomorrow: Wheat
2S5 cars; corn, 400; oats, $50; hogs, 5000
head.
GRAIN AND PRODUCE aIARKEr;.