The Wichita daily eagle., 1896-10-29
WON'T STAY BROKE
WHEAT RETURNS TO THE CHARGE
ALL ALONG TaE LINE
Better Than Two Cents is the Gain at Both
Chicago and New York, San Francisco
News Giving Effective Aid In Making
the Advance Possible Big Northwestern
Receipts Counteracted by Small Farm
ers' Enthusiastically Turns Buyer
Famine News has Its Eneet-Bearish
Items of the Day.

II
! ers' DeIiveries-Cudahy Turns Buyer
| Famine News has Its E1eet-Bearish
| Items of the Day.
| Chicago, Oct 28.-Wheat acted today
| as il starting on renewal Of the recent
temporarily suspended bull campaign. Il
advanced to II IA cents for December
and closed 20 7-sQ71 cents, or nearly
2 IA cents higher than it did yesterday.
Better Liverpool cables. strong north
west nlarke. ard engagements for AUS
tratan shipments, ell contributed 10 the
strength. Corn and oats participated in
the bull feeling. advancing 3-s and Is
cents respectively. Provisions closed al
practically unchanged figures.
/ The Liverpool market was once again
surprise 10 the traders here who look
| ed, for its being quoted very weak, after
Yesterdays emphatic slump. But on the
contrary, prices fiGr1 there showed a
3-sd advance hy the time the session
opened. That set December going at an
advance Ct i. cent. The first transac-
tons in tha. option were made at from
60 to 81 IA cents and inside OF half an
hour the price lad risen TO SO SIS cents.
The norchN estevi receipts were again
so neavy that they weighed at times on
the minds Of the traders like Banquo's s
ghosr at the banquet, on the imagina-
ton of Macbeth Minneapolis and DI-
luth reported :.2GS car loads received,
compared with 965 week ago and with
LIS or the corresponding day Of the
year before. TO countersct this, were
| advIces from the northwest that farm
ers deliveries are rapidly falling off A
point IN the situation in Minnea polls
Which was much commented upon was
that the premium of December over
cash wheat in that market, which few
Gays ago was cents, was down to
cent at one time today The bull senti-
ment was held somewhat in check dur
ing the morning hours by the weak Lon
don and continental ccties, by the fact
that New York cleared no wheat and
by the continued closeness OF the money
market. But little before noon
steady advance set in, December climb
ing to 20 5-S cents. This was caused
principally by sudden development of
buying orders supposed 10 come from
Cudahy, whose selling was held 10 be
in large measured responsible for yes
tsrday's break. That he should now
turn buyer was an unexpected develop
ment and caused a sharp rally. The
northwest was also bullish, with prices
advancing sharply-making nearly 2
cents advanceand there was good buy
Ing here for northwest account. Dur
ing the last fifteen minutes, messages
from San Francisco confirming the sale
or three cargoes TO Australia started
buying anew. December advanced 70
IL Il cents. but reacted somewhat before
the close, final figures being 20 T-SGa
cents.
Corn was quiet but firm. being helped
good dead by the stronger feeling in
wheat The advance in freights from
the west is expected TO diminish the re-
ceipts, temporarily at least, and that
perhaps made shorts all the more ready
TO cover. May opened unchanged ar
q 1-S32S cents. advanced TO % 3-S cents
and closed steady at 2s 1-4G2S 3-S cents.
Oats were quiet A firm feeling exist
ed and prices were higher. influenced by
the action of wheat and corn. Very lit
tie interest centered in the market May
started shade higher at q 3-86a 1-2
cents. touched y 1-4Q21 3-S cents, ad-
vanced TO Il SIS cents and the last price
was q 1921 5-S cents, sellers.
Provisions were heavy. The heavy
receipts OF hogs and large estimates for
tomorrow caused weak opening and
under pretty general selling a further
decline took place The strength OF
wheat and corn had its effect later, how
ever. and about all the decline was re-
covered. January pork closed 1-2 cents
lower at $3.50. January lard unchanged
at st50 and January ribs unchanged at
S3.S5G3S7I
EstiG,ated receipts for Thursday:
Wheat 145 cars; corn 500 cars; oats
345 cars hogs $1,000 head.
NEW YORK BULLISH AGAIN.
New York. Oct. 2s-Wheat bulls
were aroused today and with little effort
ran prices up over cents busheI. De-
cember sold at IS Is cents, against IS
cents last night, and May advanced
from - cents 10 81 is cents. The ad-
vance was due TO light offerings, better
cables than expected. bullish crop news
from India, and reports that several car
goes had been taken in San Francisco
for Australia and Cape Town. There
was extensive buying reported in Chi
cago for both north and southwestern
account. as well as by foreign houses.
This. with the exceptionally strong cash /
situation in Minneapolis and the predic-
ton OF lighter shipments and spring
wheat receipts, encouraged local long
account purchases. There was some /
hesitation. but the close was strong. |
Total transactions for the day were A.
as, 90 bushels.
WHEAT IN LONDON.
London, Oct es.-Tha wheat market at |
the Baltic ope ned dull a Sd 20 Sd decline. |
Mark Lane was also duh. and Sd to Is I
lower than yesterday.
Business at the Baltic closed very dull, |
prices being Cd lower than yesterday, /
with 10 sales.
GRAIN AND PRODUCE MARKETS