Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-08-05
AND STILL WHEAT GOES UP
SEPTEMBER OPTION CLOSED 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 11zc higher.
The advance was checked by the market
ing Of a long line estimated at 6.000.00
bushels. Liverpool advanced an equivalent
Of PIC, Paris 29sc and Antwerp &c per BUSH
eL. Corn yielded &C per bushel on timely
rains West. Provisions were active, ad-
vancing TIzd25c. the latter in pork.
1t was again an advance at Liverpool in
whea that supplied the motive for a fresh
rise here at the start. September. which
yesterday closed az &c. opened ~irregularly
at from T1kc 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
again. that time TO 7SLc. The LIVERPOOL
advance before trading started here was
2isd per GENITAL, or about the equivalent of
2zc 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 SeabOdrd were. of course. an ele-
uent Of the influences at work that created
the early strength. The feyerish fuctua-
tons at the same time gave an exact in
depreciation Of the unsettled feeling among
tn spectators. The price had another
break TO 767sC before the expiration Of the
FIRST hour ara asnaIf OF the session, and a
rally in the following twenty minutes to
0ssc. Germany accepted everything offer
cd last night. and the United Kingdom
bought what No. 2 Chicago spring had
been offered. 1t 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 125 were new.
81 bushels. against 529 130 bushels the CORE
spending day Of 1886. The clearaHces for
export from the Atlantic ports were very
liberal. the wheat alone being 4l3.922 BUSH
els. The amount of export aking reported
from New York had bv 70 o'clock Swelied
TO IO boatloads. and TWENTY-FIVE loads or
100000 bushels were reported lone from
here in the circle. The latter was No. l
NortheT spring. and No.2 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. il may be mentioned that
one carload Of No. I Northern brought sc
In the shape Of market information was the
closing quotations from foreign markets.
Liverpool wound up with a gain for the
Gay equal TO 2hzc per bushel, Paris 2Ssc and
Antwerp &c per bushel. Prices reached the
highest point Of the day near the close.
&c higher at 7F5a7Scl sold between So
and B&c. closing with buyers at 7SIsc.
Rains, in Kansas more particularly, but
aAEo Al oAAAfA ~ III EtCAluLtF u the EOTn
belt where moisture was needed, created
a general desire to sell out long corn. It
,ame out in great chunks; 100. 0O0-bushe lots
were being offered nearly all forenoon and
5000 bushel and 25.000-bushel lots changed
hands. freely. Although the price broke
materially, IL 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
to the general rains. The elevator reonie, |
who are IN closest touch with the country
dealers. were the freest sellers. Receipts
here were $50 cars and the quantity in
spected out Of store was 3Q5. go bushels. /
Atlantic port clearanCes were heavy at |
e5a. I'll bushels. September opened I56&.c |
lower at 2Skd2Sssc. sold from 2S2sc down |
to 27hd272kc, advanced to 2sIsc in sympathy
with wheat and closed at 2SlSc bid.
of a shade but recovered later under good
buying by shorts. September opened Il
nitc lower at from l77sc TO 1724c. sold at
l.9sdl1Ac and then advanced to lSc. At
the close 17|Q1sc was bid Cash oats were
steadily held. Receipts were 46 cars 21s
~ which were new. Seaboard ~clearances
Provisions opened strong and higher. but
became easier for a time and then once .
more started into activity and increased
strength. Armours name was given up
near the middle Of the dav on a consider
able amount Of lard and ribs that had been
bought early. and that was the signal for
a general demand that started and lasted /
throughout the remainder Of the session
private estimate Of the worlds stock Cf
lard showing II materially lower tSar .,
year ago and reduced 5000 tierces for the
month Of July was regarded as a hoDefuT
The days run Of hogs was 9V an
head. September pork opened 5dIOc higher
at S.ledN.l5. sold between SOS and N.32IL J
closing with sellers at $50. September lard
2lsEIc higher at s.. 442I, sold f
between A.3ila and A.55. closing with sell
srs at S4-55. September ribs opened So high
pr at A.S5. sold between &.S2Is and s. IN 4
and closed with sellers al S.q7ls. ~
Estimated receipts tomorrow: Wheat I.
10 cars; corn, 500 cars; oats. so cars: hogs