The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-06

ment OF Wheat. There Ii Confidence In q
Considerable Shortening Of the Worlds
Visible supply-Decenber Starts .. 81
to 68 Cents. Makes IS 3-s Cents its
High Point and Closes at 81 "a Cents
Corn and Oats Follow Wheat and Gain
Bfore-Previsions Higher.
Chiago, Oct. 5.-Faith in the belief
Of considerable shortening III the
worlds wheat supply, Notwithstanding
the heaviness of the immediate move
ment, was the cause of the rally in
wheat today which left it Nc higher
than it closed on Saturday. The coars-
er grains did even better. Corn and
oats closed &c higher each. Provisions
advanced 5@121s cents.
The first transactions in December
wheat were at from SIC TO e65zc, COM
pared with s712@675sc at the close OF
the session Saturday. The news regard
ing the weeks shipments to Europe from
the surplus-raising countries and the
heavinese of the domestic receipts were
the other causes OF the opening de-
cline. The shipments Of wheat from
Black sea ports were stated to be $780,
900 bushels, which ran the worlds ship
ments I'D to the enormous total OF TO-
179, 900 bushels. The Minneapolis and
Duluth receipts were 1.256 carloads,
against $50 cars on the Monday pre-
vious, and 2,007 cars on the correspond
ing day the year before. Chicago re-
oeipts were 412 cars. against SIS last
year. These figures were scarcely cal
culated to strengthen the belief in the
failure Of crops, either in Russia or
the American northwest. In addition
trade was rather anticipating a heavy
increase in their visible supply. Quite
a good demand at about &c was soor
evident New York had been buying
orders hero almost at the start and sue
ceeded in accommodating large amount
of cheap wheat: St. Louis also started
buying are on the decline, the foreign
ers also resumed purchases and took
a good line here and at the seaboard
Prices began to rise Immediately and
were visiblv boosted" by the visibiy
supply, which showed only 1.400. 600
bushels increasa---or materially less
than indicated by the returns early in
the session. The strength continued
UT til $3.50 had been reache dior Decem-
Der, the high point of the day. At Csc.
however, a great deal of wheat was
for sale, the consequence of which was
another setback to 67A. and that was
the closing price. Closing sales were
easy at irregular declines.
Corn was weak and lower early. in
f1uenced by the break in wheat and the
larger receipts than expected. Later,
J,ox, xv-I,a nj, Io1 &Io
action, corn also recovered and sold
&c above the close Saturday, most of
the advance being retained to the close.
May opened &c lower at 251kc and grad
ually advanced to 261sc, closing steady
at 26Ac.
Oats opened rather easier. on the
heavy receipts principally. The
strength in wheat and corn influenced
a similar tone here, and the market ad-
vanced, closing firm at prices II to &c
higher than Saturdays final quota
tons. Business was only moderately
higher. May opened &c Eower at 1890.
advanced to zoe, and closed steady at
1870.
Provisions were rather easy at the
start, Influenced by heavy hog re-
ceipts. although they were no larger
than expected. Packers were good buy
ers and prices hardened as the session
advanced, January pork closed 121hc
higher, at s7.221s: January lard cents
higher, and January ribs ~ cents
higher at SO. 571s.
Estimated receipts Tuesday: Wheat,
375 cars; corn. 1850 cars; oats, 20 cars:
hogs. "a. 600 head.
VISIBLE GRAIN SUPPLY.
New York. Oct. 5.--The visible sup
ply of grain Saturday, October 5. as com
piled by the New York Produce ex-
change, is as follows: Wheat, so. Ito. 600
bushels; increase. 1,40l, 600; corn 49,
$1,000; increase, $4,000; oats, 9,0S4,-
600; increase. $4,000: rye, 2.0O7 900; in
crease. 10000; barley, 2,205. 900, increase
6o5 mn