Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-08-05
And STILL WHEAT GOES UP
SEPTEMBER PTION Josef AT
rs I-2c IN CHICAGO YESTERDAY.
Foreign Demand Is Something Pho
nOmenaI-COrn Prices Take a
Tumble on Rains in Kan
sas-ProvIsiOns Up.

Chicago, Aug. 4.-The foreign demand for
American wheat to-day took on the APP
pearance of panicky apprehension of mad
equate supplies. Exporters reported sales
of about 10000 bushels here and at the
seaboard. This market closed he higher.
The advance was checked by the market
ing of a long line estimated at 5000. 900
bushels. Liverpool advance an equivalent
of PIC, Paris 2Esc and Antwerp &c per bush
eL. Corn yielded &C per bushel on timely
rains West. Provisions were active. ad-
vancing T7Ed25c, the latter in pork.
1t was again an advance at Liverpool in
wheat that supplied the motive for a fresh
rise here at the start. September. which
yesterday closed az &c, opened irregularly
at from T7kc to Tic, the offerings at the
lower quotation being trifing, however, and
very little changing hands below the high
er figures. These were quickly added to
by an energetic jump TO sc. It dropped
again suddenly to Tlsc and as quickly rose
advance before trading started here was
2Ld per GENITAL, or about the equivalent Of
24c per bushel. The great export business
done yesterday and numerous acceptances
of cargoes and smaller parcels ordered by
cable yesterday afternoon from Chicago
and the seaboard were. of course. an ele-
nent of the influences at work that created
the early strength. The feverish huctua-
tons at the same time gave an exact in
depreciation OF the unsettled feeling among
IN spectators. The price had another
break 10 $3.50 before the expiration of the
lNrA LDAl anu a NLhlA VI tuF EfEEADls dtl n
rally in the following twenty minutes to
1ssc. Germany accepted everything offer
cd last night. and the United Kingdom
bought what No. ? Chicago spring had
been offered. II was still claimed. however,
that seaboard exporters were having much
trouble IN getting the Kansas hard wheat
they had already sold to go abroad. The
Chicago receipts were 1876 cars against 144
cars a year ago. Of which 135 were new.
Primary Western market receipts were no.
- bushels. against 539. 80 bushels the CORE
spending day of 1896. The clearances for
export from the Atlantic ports were very
liberal. the wheat alone being 1892 BUSH
els. The amount Of export takings reported
from New York had by - o'clock swelled
TO l0 boatioads. and twenty-five loads or
e00.O00 bushels were reported done from
here in the circle. The latter was No. l
Norther spring. and Mop Northern spring.
The latter grade sold in considerable guam
titles between local dealers at premiums
over September price, ranging according
to location and desirabiiity of sample from
&c to PC per bushel. As an indication of
demand still existing among country millers
for spring wheat: it may be mentioned that
one carload Of No. I Northern brought sc
per bushel premium. The latest sensation
in the shape Of market information was the
closing quotations from foreign markets.
Liverpool wound up with a gain for tie
day equal 10 PIC per bushel. Paris 25sc and
Antwerp &c per bushel. Prices reached the
reacting only &c. September opened ~
&c higher at T15g7Sc. sold between 769sc
and ,7s%c. closing with buyers at 7SIsc.
Rains. in Kansas more particularly. but
also In other important sections of the corn
belt where moisture was needed, created
a general desire to sell out long corn. It
,ame out in great chunks; 100 0OO-hushel lots
were being offered nearly all forenoon and
5000 bushel and 25.WO-bushel lots changed
hands. freely. Although the price broke
materially, II was matter Of remark how
small the decline was in comparison with
the immense quantities disposed of. Coun-
try offerings were very heavy because Of
the improved prospects for the crop, owing
to the general rains. The elevator people.
who are in closest touch with the country |
dealers. were the frepgt sellers. RecpiDts !
here were S6 cars and the quantity in
spected out of store was 395. go bushels.
Atlantic port clearanCes were heavy at
59.211 bushels. September opened I57a.c
lower at 2Skd2Sasc. sold from 2S7sc down !
to Zfzd27Ssc, advanced to 2SIkc in sympathy
Will. wheat and closed at 2Slsc bid.
Oats opened heavy with corn. Prices fell
pm a shade but recovered later under good
buying by shorts. September opened 4
Is5sd17Ac and then advanced to lSc. At
the close IlkQlSc was bid Cash oats were
steadily held. Receipts were 46 cars. PIG
IF which were new. SeabOard clearances
we're 10000 bushels.
Provisions opened strong and higher. but
became easier for a time and then once
more started into activity and Increased
strength. Armour's name was given nm (
near the middle Of the day on a consider
able amount Of lard and ribs that had been
bought early. and that was the signal for
4 general demand that started and lasted
throughout the remainder Of the session. A
private estimate Of the worlds stock of
lard showing II materially lower than a /
year ago and reduced 5000 tierCes for tho
month Of July was regarded as a honefuT I
sign. The days run OF hogs was 2C on
head. September pork opened 5TIOc higher
at S~S1GdSl5. sold between sS.G5 and & 95rt
closing with sellers at S.2n. September Lard .
opened 2igllc higher Al S~4zJG442Is. sold
between Si.37z and S.55. closing with seu--
Pr at N.S. sold between s. S2i. and Sn
and closed with sellers al SA.971s.
receipts tomorrow: Wheat. I
a. cars corn $50 cars; oats. SO cars; hogs.