The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-21

ness Comes OF Buying For Export
Corn Behaves Better Than Wheat
Oats and Provisions Advance
Chicago, Oct. 20.-Wheat was steady
at yesterdays closing price for a few
minutes after the opening, and then it
Was subjected TO some bearf.h influences
that caused it ID decline 1c per bushel
during the next hour. May was not as
weak as December during the time re-
ferred TO. owing, it was supposed, to the
action Of the buA Clique, who, as on the
day before, sol5 December al or above
Gle and bought the May when it was
weak. The comparative firmness during
the first few minutes was because of
further reduction in northwestern re-
ceipts and steadiness OF the Liverpool
and Paris markets. both Of which quoted
prices unchanged from the previous
days closing.
Ine oearish news came partly from
the northwest and parity "-om abroad.
Heavy rains were reported - Argentine.
Inc Liverpool Corn Trade News revised
lis previous estimates of European re-
qolFements, making the amount only To-
V9o0UO bushels instead Of lbs, 900, 900 as
previously calculated. That had some
depressing effect, but more serious news
was me reported sale at Duluth Of 900
eoo bushels of No. northern wheat TO
chicago for delivery on December Con-
tracts, which was made possible by the
higher prices ruling here. This rather
IA ira 81
d. suostaontially yesterdays closing
price, SOts gslc, and before the effect Of
the Duluth transaction had worn off a
decline TO s0hc had taken place. Chi
cago receipts were 2O4 cars, or "a over
the estimates. Minneapolis and Duluth
reported S87 oars, against $40 last week
Atlantic port clearances Of wheat and |
hour were smaller than Monday and
tuesday, the total being under $50. OOo |
busneis. Bradstreet's report on the /
World's visible showed an increase of |
4'5d,OOO bushels. About IL O'Clock the
market began to show signs of firmness.
Sd4es were reported of two csreoes Of
NO. red winter at Toledo and one cargo
at Detroit for immediate export 10 the
continent. This indication of a rev,vs,
OF the foreign demand encouraged local
buyers and the price began slowly to
hend. December advanced TO 91A1Nc
ana was bringing S1hq5sc at the close.
corn was steady even when wheat was
week IN the forenoon and was very firm
ialer when wheat advanced There was
considerable buying on ne heory that a
reaction was about due following the re-
cent heavy decline. Shorts We're also
numerous. The foreign demand, which
lor TWO weeks has been apathetic, re-
vived in force today. The opening was
z shade easier on the liberal receipts, e59
cars. and the lower ca bles, but the de-
cline was soon made up. The visible
increase was 100000 bushels. Charters.
we're for $4,000 bushels. December
'anged from Is TO 251zc. closing sc
higher at 26c.
Oo,s were higher and firm at the ad-
rance. Trading was not important. the
lTmneSs being due principally to ligh,
'tfeTings. New York did considerable
bidding all day. Elevator interests were
air seller. early, and, as usual, sympa-
NY With corn was an important factor.
Receipts were 242 cars. December
8nged from 1Sss 1850, and closed II
IAc higher at 1SA 1sc.
Provisions were steady on a small
moun, Of business. The continued bad
epoTts from the yellow fever district,
2uSod small opening decline. Shorts
we're good buyers and the cash demand ;
vas considerably improved, which fact
au9ed recovery Of the opening decline
nd small advance besides. The firm
ss. o. wheat and corn helped toward
ne end. A. the close December pork
ras cents higher at $3.50: December
ard unchanged at 4.3o94. 3211k. and De-
enber ribs 21a cents higher at $3.50.
Estimated receipts for tomorrow:
Vheot go cars; corn 500; oats 235 carr;
anA