Kansas City daily journal., 1896-09-15
SPECULATIVE PRICES FIRM.
ALL THE MARKETS SHOW MORE OR
LESS IMPROVEMENT.
The Advance Responsive to Sharp
Gains in the Foreign Markets
. Wheat Up 1-4c, Corn 3-sc
and Oats 1-Sc.

Chicago, SEPT. 14-Sharp advances in all
the foreign markets had their natural eff
fects on the local wheat market to-day
December closed Nc higher than the final
figures of Saturday. Corn and oats were
strong with wheat, and closed &c and &c
higher. respectively. Provisions advanced
2Lsd7lkc.
The most influe ntial news received be-
fore the opening which was thought like
ly to affect wheat, was the heavy worlds
shipments. Private cableerams reported
shipments this afternoon for the week
from the Black sea ports at from $500, 600
to 100000 bushels, which suggested a to-
tai of about $4,000 bushels as the worlds
clearances. In addition to that. the re-
ceipts at Minneapolis and Duluth were
1.50s cars, compared with 1,674 cars on the
corresponding day OF the previous year.
only eight were contract. Receipts here
year ago were 81 cars. The market con-
sequently got a weak start but good
lifted the price before an hour OF the ses-
sion had passed to 6o1sa6oAc for Decem-
from 5sssc to 5sIkc, about &c below Satur-
days close. Great irregularity character
lied the fluctuations during the remainder
of the forenoon, the market going from
several times. but keeping substantially
within the limits Of the range already
given.
The visible supply statement showed an
increase of 1.107. 900 bushels, and some de-
cline followed this announcement. Re-
ports were said to have been received of
damage to the growing wheat In Argentina
from locustS, and that caused the buying
of some wheat. St. Louis wired that 1oO.-
900 bushels had been sold there for export,
and some more was bought that. Liy-
erpool cables. which showed an opening
advance of I'D, came still stronger at the
close as did also Berlin and Antwerp. This
l.
consequent sharp upturn to prices, De-
cember touching 6si4fI66ssc. the high point
of the day. Near the close. realizing sales
caused a decline to 5sa4c. but the influence
of world shipm ments. which were 100o.oo
less than the bears anticipated, created
another buying boom, and December ad-
vanced to 60lsc, where 1t closed.
Corn was blessed with more activity than
usual and prices at the close showed quite
a substantial advance. The rainy weather
was bull factor il being regarded as put
ting corn in bad shape to resist freeze.
The market was also helped by the
strength of wheat and held firm in spite of
considerable local selling. May opened un-
changed at 21Ssc, advanced to 2i5sc and
closed at NZe.
oats were quiet and without independ-
ence the greater part of the session. prices
being Influenced mostly by the advance
of corn. Towards the close. increased Of
ferings and rather large estimates for to-
morrow created an easier feeling and a
consequent slight decline. May opened un.
changed at 19c. advanced to 1sAc, and
closed steady at 19lsd19Lc.
Provisions were firm. but quiet. After
a slight decline. caused by unusually
heavy hog receipts, prices rallied on fair
iy good support by packers the small es-
Inmates for tomorrow also helping to
strengthen the market. The closing was
steady, January pork closed 7lSc higher.
al s6 Is: January lard, about 7I2c higher,
at sssOd3 .62is; January ribs, 2Rc higher,
Estimated receipts Tuesday: Wheat. 2s5
cars; corn, $50 cars; oats. 500 cars; hogs.