The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-18

CHICAGO. Sept 1.-THE speculative
branch of the grim markets was weak at
the start today and firm at slight adj
vance over Saturdays prices at the close
The visible supply of wheat which. accord
iHg 10 all precedents should have increased
at least !. $50, 900 bushels, gained only 49,
900 bushels anc that turned everything up
ward. Wheat recovered & cent; lost and
closed with gain Of Is cent. Corn is a
half higher after an early decline Of 3
cent and oats closed unchanged. Pro
visions were firm in tone throughout.
a decrease of ,326, 900 bushels in the
amount of wheat aud -four on ocean pass
age started the wheat market a little
higher tAan Is closed Saturday after
noon. The bears, however, poured cold
short wheat into it and it soon became
heavy and dull. The northwestern re
ceipts, while smaller than some of Satur-
days rumors had led to the expectation.
were sufficiently heavy to be a bearish fac
tor Liverpool vas quoted quite active
and steady at the opening. Paris ten cen
times lower for wheat and flour, but
Berlin private cable reported an advance
there OF four MARKS for October. Primary
heayS, amounting 10 nearly ], 200 600 bush
els; that was considered the worst feature
for the bulls of the days development.
December opened with sellers at 90 4 cents
and few transactions were made at that,
aut worked off gradually under free offer
lng$ until down To 5j$l cents, at which it
stea1led for long time in the middle OF
session.
At this stage OF the proceedings the re-
turns of the visible supply had been re-
celved except the quantity afioat on the
lakes and All Increase of about $500
bushels was the situation up TO that time
ana small decrease on the lakes, perhaps
lOO,OOO bushels, and 200, 900 bushels was ex-
pecied to complete the reports. The de-
crease on the lakes proved to be 1,023 900
bushels and that left an increase of only
46 600 bushels in the visible supply for the
week as against 100000 bushels increase
at least, rs confidently looked for a mo-
ment previous to the receipt ct the float
figures. The price took an immediate
Jump 10 56$5 cents with one sale As high as
3053 cents. Enough came out at the adj
vance to cause a reaction TO SO cents. New
York began to send buying orders near
the close and December finished at 564
cents.
Corn opened strong at Il cent advance,
but was very soon thereafter seeking Gus
toners at Is cent under the highest price
1t touched at the start. The receipts were
3'4 cars under the estimated rail receipts,
but IN addition there was 1900 bushels by
canal A light frost had been experienced
In South Dakota on Sunday night, but it
was not supposed to have injured the at
tenuated remainder of corn still left stand
ing there. Some little strength was i'm
parted by prediction of frost tonight in
Iowa, Nebraska and Wisconsin, but the
market did not advance materially until
wheat took its leap of surprise at the
visible surprise fgnres. The visible sup
ply of corn increased ass. 600 bushels max
ing the total 4101. 900 bushels compared
with an increase of So5 GOO bushels on the
corresponding week of the year before
which left the total visible supply of that
year at g. 62, 900.
The opening price for May was $50
cents, with few sales as high as high as
So 3-S cents AMI one or two transactions al
the same time at 531s cents There were
sooD plenty of sellers at the lowest of those
quotations and before long the price got
GOWN 10 52$4 cents. 1t rallied again from
sympathy with the strength in wheat.
finally became strong on its own account
and closed at $50 cents.
In oats, the business was light and
prices after opening lower than the closing,
frmed up with corn. CarriDgt on-Hannah
offered September oats. of which but IA
small portion was taken. September
started ut 3055 cents. sold down to 3O3s
cents and closed at 3055 cents.
II was found difficult to buy any provis
ions and Immediately after the opening
there appeared TO be good inquiry from local
shorts. The Anglo-AmeticAn Packing Co.
helped the early sellers 20 get a good
price for their offerings. Hately Brothers
were free Seller, later in the day and John
Cudahy buyer. The market had weak
spell in the middle of the session, when
wheat and corn we've showing their mid
day heaviness, but for she most part pro-
visions were firm and closed MP strong.
latest trading showing l. cents raise in
pork, 1915 cents Ill lard anu 10 ceuts in ribs.