Kansas City daily journal., 1896-10-29
WHEAT up OYER Two CENTS
RECEIVERS ALL OF TUESDAYS Los!
AND 4 TRIFLE MORE.
Liverpool Cables Were Better, North
west Markets Stronger, and Trad
ers Wanted to Buy-Corn
and Oats Also Gain.

Chicago, Oct. zs-wheat acted to-day as
Il started on a renewal OF the recent tenn
porary suspended bull campaign 1t adj
vanced to INC for December and closed
at 70N@7c, or nearly Nzo higher than it
did yesterday. Better Liverpool cables. a
strong Northwest market and engagements
for Australian shipment all contributed the
strength. Corn and oats participated in
the bull feeling, advancing Sc and &c re-
spectively. Provisions closed at practically
unchanged figures
The Liverpool market was once again
surprise to the traders here, who looked for
its being quoted very weak, after yester-
days emphatic slump. But on the con-
trary. prices from there showed sc ad-
vance by the time the session opened. That
set December going at an advance Of No
The first transactions in that option were
made at from 69q6skc, and inside of half
an hour the price had risen to 6S7sc. The
Northwestern receipts were again SO heavy
that they weighed at times on the minds of
the traders like Bancuo's ghost at the
banquet on the imagination of Macbeth.
Minneapolis and Duluth reported 1,208 car
loads received, compared with 965 week
ago. and with ,228 the corresponding
day of the year before. To counteract this
were sdvices from the Northwest that
farmers deliveries are rapidly falling off.
A point in the situation in Minneapolis
which was much commented upon was that
in that market, which a few days ago was
&c, was down to 1c at one time to-day.
The bull sentiment was held somewhat
in check during the morning hours by the
weak London and Continental cables, by
the fact that New York cleared no wheat,
and by the continued closeness of the
money market But a little before noon a
steady advance set in, December climbing
to 70Sc. This was caused principally by a
sudden development of buying orders sup
posed to come from Cudahy, whose selling
was held to be in a large measure response
BILE for yesterdays break. That he should
now turn buyer was an unexpected devel-
opment and caused a sharp rally. The
Northwest was also bullish, with prices
advancing sharply-makng nearly &c ad-
vance-and there was good buying here for
Northwest account. During the last fif-
teen minutes, messages from San Francis
co confirming the sale of three cargoes to
Australia started buying anew. December
advanced to 71Ac, but reacted somewha,
before the close, final figures being 70:s
d71c.
Corn was quiet, but firm, being helped a
good deal by the stronger feeling in wheat
The advance in freights from the West IS
expected to diminish the receipts, temper
arily at least, and that. perhaps, made
shorts all the more ready to cover. May
opened unchanged at 277sd2sc, advanced tc
2s%c and closed steady at 2sA@2sSc.
Oats were quiet. A firm feeling existed
and prices were higher, Influenced by the
action OF wheat and corn. Very little
interest centered in the market. May start
ed shade higher at 21%G2l1kc. touched
z1kINSc advanced to .21ssc and the las
price was 211Ad21tsc. sellers.
Provisions were heavy. The heavy re
ceipts of hogs and large estimates for to
morrow caused a weak opening and unde
pretty general selling further decline tool
place. The strength Of wheat and corr
had Its effect later, however. and abou
all the decline was recovered. Januar,
pork closed PIC lower at $3.50: Januar,
lard unchanged at $3.50; January ribs, un
changed at s3s5T3s7k
Estimated receipts Thursday: Wheat. "A
cars; corn. 500 cars; oats. si5 cars; hogs
5000.