The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-04
EVERYTHING
WAS LOWER
Bearish Statistics Ruled the
Chicago Market.
BIG RUSSIAN SHIPMENTS
Have Considerable Effect on
the Price of Wheat.

Chicago, Nov. 3.-wheat ruled weak on
the board of trade today. Statistics in
general being bearish and the close was
steady, with DECEMBER wheat &c lower.
corn &c lower and December oats down
Il C. Provisions closed unchanged to II,
lower.
Trading in wheat was on fairly large
scale, with considerable doing in the
way of liquidation. Statistics were all
against higher prices. lower cables. heavy
worlds shipments, large increase in visi-
bic and large primary receipts caused
extreme weakness at the opening. Heavy
shipments from Russia, co., 900 bushels
compared with 1900. 0oe the same week
last year, was one Of the main depres-
sing Influences. Good cash demand in
the northwest with fair export demand
were strengthening factors. Longs liqui-
dated freely through the day, but toward
the end shorts covering in order TO even
UP over the holiday. while there was
some buying on the Duluth receipts.
The close was steady to firm.
4|ttful0El OpCiCQ TSHf<C " 1EL74C lOHCA
at 7lssc to u7sc, and on general selling
Of May declined TO 711sc. There was
slight rally toward the end OF the ses-
sion and the close was 7l1kau5sc. with
loss of nc. Worlds shipments for the
week were Is. 126,0O0 bushels, compared
with 1887. 900 bushels a year ago. Clear
ances Of wheat and -four were equal to
$4,000 bushels. Primary receipts were
1,S11 900 bushels. against 1,410000 bushels
last year There was an increase in the
visible supply of 2.2S2, 90 bushels. Mime
apolis and Duluth reported receipts of
1896 cars, which with local receipts of
1872 cars. of contract grade, made total
receipts for the three points of 1923 cars,
against 1.4O5 last week and 1902 a year
ago.
There was a fair trade in corn, but the
prices were weak and lower, due prin-
cipally to lower cables and weakness in
wheat. A prominent long sold considera-
bic May, which caused break in that
option and also affected the nearby de-
liveres. 0ood general buying developed
at the decline, causing rally late in
the day and the close was steady. I'm
settled weather in the southwest and
small receipts were bull factors. De
cember closed sc lower at 5ossc after
selling between 1890 and 5O15c. Local re-
ceipts were POI cars, with SO of contract
grade.
Oats ruled weak in sympathy with the /
lower prices in other grain. A good de- 1
venting any severe breaks. Although {
mand held prices fairly steady, prevent /
ing any severe breaks. Although there,
was a heavy selling during the day, the I
were well taken. The close was I
steady, with December 1sc lower at 2sss /
G29}4c. ranging between 29AQ2s24c Lo- I
cal receipts were 80 cars.
Provisions opened strong. although con +
ditions were against higher prices, re-
ceipts of hogs a the yards being smaller
than estimated and corn lower. Locals /
and shorts were good buyers and the
market advanced quickly early in the
day. but declined again on weakness in
grains. The close was steady. with jan
uary pork SC lower at Sl5.271e. January
lard closed 1lzc lower at $500. while
ribs were unchanged at sS.1eG SI21a.
The board OF trade will be closed to-
morrow on account of election.
Estimated receipts for tomorrow:
Wheat, 145 cars; corn. 500 cars; oats,
sS5 cars; hogs. $500 head.