The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-18

sure-Corn and Oats Firm At Slight Ad
vances-Provisions Not Unanimous
Chicago. Sept 17.--Ligat northwest
ern receipts and heavy foreign accept
ancas were the sustaining influences n
wheat today. There was considerable
realizing on the sharp advance, but
prices were well held, December closing
at an advance OF S cent Corn closed i
cent higher. oats 4 cent higher. and
provisions % cents higher TO cents
tower.
TIE long pent-up feelings OF the bulls
in wheat found vent at the opening to
day. They became actually enthuSl-
astic in the way they bid for tie lin
ited offerings and the price in about
half an hour from the start marked over
1 cent per bushei advance. The rea-
sons for the cheerfulness which was
seen TO pervade in the ranks OF the bulls
were various. The most encouraging
feature was that the receipts az Mime
apoIis and Duluth numbered only So
car eoads, compared with 1.o43 on Thurs
day a week ago and 1,13S on the cor
responding day OF the previous year
The previous heavy northwestern re-
ceipts had certainly much 20 do with the
recent Eeaviness OF the market Liver
pool sent higher quotations. reporting
Id advance for spot wheat and $4d
raise for futures. Berlin also came
higher at the opening. There was some
thing better from abroad, however, than
barren quotations. New York wired
that liberal cable acceptances were 10
hand, of offers made hast night, and
Chicago houses also had their cabted
offers OF No. ? and No. hard winter
wheat accepted The Chicago receipts
were 90 cars as compared with 100 car
loads a year ago, but only fivecars grad
ed contract Atlantic port clearances
were equal 10 333, 900 bushels in wheat
and -four together. The bulls did not
nave it all their own way. however.
The sharp advance proved too tempting
10 some OF the longs TO be resisted and
a pretty general movement 70 sellOut
and realize profits was inaugurated- De-
cernber wheat opened about Y cent high
er at from 59a. TO 597s cnts and IN about
thirty minutes ii was up 10 6lSsaol =
cents, and after reacting to 61s cezgts.
IL rose again to its previous aigneSt
price, with one sale at 6l1a cents y
good many took profits on thea dvance
and caused the price to gradually work
back again TO about the opening fig
ures. but below that there were no sell
e-s. After several fluctuations IN the
last hour between 603sa61i4 cents, the
market finally closed at 607sa61 cents.
The closing cables gave Liverpool an
advance Of Id per GENITAL for both spot
a <.ts Al
ocean vessel room engaged for 100 boat
loads. but did not specify how much OF
it was for wheat, but it is positively
knorwr that cit least fwenty-six boat
eoads OF IL were for wheat, at a strong
probability OF much more.
Corn was firm and sold somewhat
higher. The market was largely IN
fiuenced by the strength in wheat and
also by the fact that the local receipts
were 100 cars below the estimates. There
was some covering by shorts on the
strength the market displayed but buss-
ness on the whole was more active May
opened q shade higher at 241s cents. adj
yancsd to 247s, and closed steady at the
opening price.
In oats quite fair business was done
shortly after the opening but ii got pos
ftively duller Cater. Prices ruled firm al
a slight advance, the prevailing 4nhu-
ences being the strength of corn and
the cash market May opened u cent
higher at 10 cents, advanced TO 1875 cents
and closed steady at 1aa191s cents,
Trade in provisions had nothing to
distinguish IL from any OF its recent duH
sessions The general tendency OF prices
was downward. but there was stiffen'
ing OF the market for a time when wheat
was at its strongest In the end PORK
ard ribs Showed a tTsfling loss for th6
day and lard a slight gain January
pork closed cents lower a. ss.72iz. Jan.
uary lard 2iz cents higher ar 'S.72iza3-15.
and january ribs az cents lower at
S335.
Estimated receipts Friday: Wheat
AS cars: corn 200 cars; oats 24o cars;
hogs z, 900 head