The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-01

CHICAGO, Aug 31.-Good buying and re-
ports Of heavy buying for export gave the
wheat market y steudy tone today, and
December closed with gain of 4 cent,
September corn was bid mp by shorts, clos
ing ~ cents higher. September oats fin
ished = cent higher. Provisions closed
with moderate gains.
The wheat market was q shade easier at
the opening than it closed yesterday after
noon, but very quickly it turned in
The other direction and advanced 3
cent over the lowest price made at
the moment of opening. There was a good
demand from the elevator men for Sep
TENDER, during the advance, and, in fact,
the rise was due principally to that class
of buying. Armour & Co.'S brokers were
the most conspicuous bidders for Septem-
Der during the advance referred to, and
they were not at that time selling any De
cember against their purchases. Later
when the rise stopped with gain so i'm
material, Armour 81 Co. commenced 10
sell. The northwestern receipts were
heavy, numbering SO5 cars al Minneapolis
and Duluth.
The opening price of December was 5655
cents, and after advancing TO 57iL cents, ii
got back again to the opening figures, and
5655 cents WAS the trading price
again about 1880 O'CLOCK. Closing cables
indicated some further improvement in
the foreign market, aud there WAS a good
demand reported from abroad for spring
wheat. Towards the close prices rose
I; ga to a point higher than had previ-
cUs.y been reached. Decem Der sold up TO
575s cents aud closed with sellers al 81
cents.
Corn was strong and September was
more urgently wanted than any other de-
livery. although the days receipts were
al cars. As compared with yesterdays esti-
mates of $40. The advIces from the inte-
nor of the state are to the effect that the
end of this week will see the end Of the
tree deliveries of corn. The bulk of re-
CeiDtS now being received are from Illinois,
and are sent to fill sales for September de-
livery. The shorts fought the market for
a short time today, but when May rose TO
about D cents from around 52|4 cents Mt
tie opening, some of the shorts became
satisfied that discretion was the better
part of valOr, and began TO buy. The
market easily rose another 3 cent on that
Extra demand. September was not so easy
10 buy, aud rose from 5535 cents near the
opening TO ST. cents about half hour
from the close. Business was brisk in
Twenty minute spots, and dull Tor the
greater part OF the time. The situation. as
more distressing as the session neared It's
close, aud 81 cents was paid for so me, with
5G$4 cents the current price ia the end. /
May closed a its highest point for the day
and week, 535s cents.
Cash oats are wanted, and, as a good /
supply was be had, a fair business was |.
Transacted Values in all varieties were up 1
a trife. The speculative crowd was /
!quaiiy as active, and Influenced by higher /
sash prices. The strength in corn con- /
iinued and good buyiug orders from the /
country also advanced the prices. Sep /
embsr sold from 1854 to 30 cents where 1t
AO,ed
Provisions were again firm until near ,
Ihe close when There was some realizing
10y September longs IN pork. and II
lessrning Of the buying pressure from |
shorts IN that article and IN Septemb Der |
ribs. The January deliveries We're wanted |
TO i'll orders from the outside. and they /
closed strong but rule at some reduc- |
tion from The highest prices Of the day. /
Compared with yesterdays close prices /
for September. the following changes are |
noted: Pork = cents lower lard 10 cents, /
Tlbs - cents higher. Ia January deliver /
les the following changes are noted: Pork |
10 ceuts. lard y cents, aud ribs = cents |
higher.