The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-29
AFTER THE DOLLAR
WHEAT AT CHICAGO A CENT And
THREE.EIGHTHS HIGHER.

Making an Advance of s-4 Cents since
Mondsy-shors Driven to Cover By Re-
ports of Short Stocks In Europe and the
North west-Corn and Oats Higher and
Prov.sioss Unchanged Decsmber
Wheat AT New York 10 Boosted to the
Dollar. Where 10 Sticks-Better Than
That at So. Louis Markets In General.
Chicago. Oct. S.-wheat added another
is cents 10 its price today, a total OF ssA
cents since Monday Shorts were driven TO
cover by the reports of short stocks in
Europe and the nor.hwes; and a nervous
but in he main very strong market re-
suited. Corn was helped by wheat and
light receipts. closing i.s5ssc higher Oats
advanced = cent to h cent Provisions
were almost a; staads;il a; sabstan-
tally unchanged prices.
The absence Of demand for No. spring
wheat except at discount, OF from
cents 10 3 cents under December's price.
which was made so much Of BY heariShiy
inclined spectators near the close OF yes
terday's session. was stia occupying The
minds Of the traders today when The ses-
sion opened. Liverpool was only isd %
"a over the closing prices Of the day be-
fore. and Paris was 10 csatimss lower.
Tbs caused a rather weak feeling at the
opening. December. which closed yes;er-
day az S5sc. started today a; from 81. 20
s5isc. and sagged OF TO e5isc. Quite Q
sharp rally ensued when Minneapolis and
Duluth stocks were shown 20 De only s.
-. 90 bushels. as compared with 20.5i2cOs
Iaach .4fS fu-s 49,
ssi4c usder a general demand from shorts.
but. their wants satisfied. the market be-
came easier and showed a sagging tenA
ency during the rest OF the forenoon. The
purchase OF another Ie.eoo bushels OF pu-
luth wheat 10 come here contributed 20 ths
downward reaction. which carried Deem
Der down 10 $i-c. There was plenty ot
news 20 encourage buyers. The drought
east OF the Mississippi was unbroken: yes
terday's news about serious drought dam
age 10 the Australian crop was confirmed
and domestic receipts were moderate. Chi
cago received ls6 cars OF wheat "a OF hem
contract and eight OF the latter from local
clearing houses. Minneapolis and Duluth
GOT so cars against Sd cars Thursday
week ago. and .22l cars las; year. The
Atlantic port clesrances were equal In
wheat and -four 20 $1,000 bushels. New
wheat light. but Minneapolis advised Q
good business IN -four for export. New
York reported the days export trade at
seventeen boa; loads. The market became
very strong IN the afternoon. Private ca
Diagrams from Parts reported stocks OF
wheat light everywhere and said that the
position was almost entirely In the control
OF America. Considerable buying was
done on the strength OF these advices. and
December advanced steadily 10 S5i.c. where
IL closed.
Corn was moderately active. The mar
ket opened easy with wheat, bat soon BE-
came stronger and ruled Arm for Tie rest
OF the session The better movement was
due largely 10 the smaller movement $50
cars today. and small estimated receipts
tomorrow. Offerings were readily taken.
several OF the large houses buying freely.
which started shorts 20 covering also. The
strong cash situation was factor Gables
were I'd lower. Exports were 81. 900 bush
els. December ranged from 20. 20 g57sg
sc closing i-0fSc higher Al 3ss.aassc
More interest was shown In oats. Prices
were easier early. but advanced later IN
der sympathy with corn and better CON-
mission house buying. There was good
shipping demand and country offerings are
smaller Receipts were 2s cars December
ranged from isc 20 1Sa.c. and closed 3-iso
higher al 1870 bid.
There was very lille life 10 the provision
market. Prices ruled a shade easier. more
from lack Of interest than from any bear
ish influence Inquiry on shipping account
was quite active and offerings far. Hog
receipts were liberal A. the close Deem
Der pork was unchanged at WITH. Deem
Der lard 2isc higher az 81 2zi4a4z5. and De-
cember ribs unchanged az A.s714Ef5A.
Estimated receipts for Friday: Wheat.
ID cars. corn, 40 cars. oats. 20 ears; hogs.
5000 head.
DOLLAR IL NEW YORK.
New York. oct. BIN face OF discoursg-
Ing cables today the bulls In wheat main
tanned yesterdays aggressive actions. ard
after an opening decline succeeded IN
jumping the market FOR December I'D 20
S10o just before the close. amid great en-
element al over the floor. The shorts were
the heaviest buyers on the sdyancs. show
mig alarm over the strong statistical posi-
ton IN the country. buliisa crop news from
Australia sni prospects Of enormous week
~ wheat and -four cIsarsnces from both
coasts. Since December last sod a. DOL
ler u has been down 20 syzsc. on October
u It's highest figure ths ssasoa was
g. e4ac on August =. The range TO-DAY
was from ssc - $40. closing az the latter
figure On this basis cash Wheat here %
nominally worth tlo4 per 0BsheL
ST. LOUIS BULGE.
s. Louis. Oct E-Decsmber wheat
bulEs3 sgsln today. AZ tie opening II vas
Z cent below the price asked az IRE oioss
yesterday. selling a; f.g5'z II quickly rail-
led 20 I0i was offered a. 8 -. ~ ao'..
rallied 20 3 p17Safri. fueiaa;sd within a
narrow range. finally Advancing % r.f7
and closing a; thai May closed q, q @.
proE:h ~ ne wheat bel; had a bgIisa
effect on the market IN ne face % ire
fact thst there - a brisk foreign demand
FOR spring ard hard winter grades they
are trailing from 20 70 csais behind tas
quotations for 80. rel casa. ths con
=. -.