The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-10
GRAIN ANDPR0DUCE
DOLLAR MARK PASSED AT NEW
YORK AND ST. LOUIS.
Highest Point Since August Is Reached 1t
New York, December Closing At
S1.O1 Sat ST. Louis December
Reaches 81 90 Ia, Closing ON the Dol
lar Flst-Corn Higher at New York and
Oats Sales LarEe-December Wheat
Closes at 81 3.4 Cents at ChIcago-Chi.
caSo's Grain Blockade

New York, Sept. 9-Wheat made a
| gain Of about 2 cents a bushel today
December reaching the highest poin.
since August %, when It sold at s1.04 Ia
Shorts We're active buyers, inspired by
sensational cables stories TO the effec.
that hungary was a large purchaser of
Russian wheat TO supply home defcien-
| cies. Foreign houses bought futures n
/ the forenoon and later took about thirty
! loads Of actual grain, including fair
| business for French ports. Gables gave
very little support to the early market,
but closed firm with mos: OF the opening
loss regainej. Speculation broadened
out a little, stimulated by renewed inter-
est on the part Of the big Chicago trad
ers and belief that efforts will be made
| to push wheat in Chicago above the dol
| lar mark before the present movement
subsidies. Some of the local bulls were
| talking s1.25 for September IN New York.
but conservative traders secuted the
idea. a belief that tomorrow's govern
ment crop report would be bullish help
sold from s1.00 TO 81 .02. and closed az
81. Oh rs, or 1-2 cents higher than last
night.
Corn was quieter and firm without
speculative features, closing 3-SG1-2 cent
net higher at 80 5-S cents for December.
Oats were again active i nan export
way, sales aggregating 100000 bushels.
with some experts claiming as high as
a million bushels at all ports.
DOLLAR WHEAT AT ST. LOUIS.
st. Louis. Mo-. Sept. 9.-Wheat touched
the dollar mark again at noon today,
and advanced a fraction more. Reports
of killing frosts in the northwest and
estimates on the European shortage Of
wheat caused December, which opened
at 9S 1-2 cents and declined IA cent, 10
advance fully cents, closing finally al
81, or IA cent below the top. The other
options closed: 81 90 3-S for September,
an advance of 5-S cents from yester-
day; May s1.011-4, at 202 Is cents ad-
vance.
CHICAGO GRAIN.
Chicago, Sept. Am easier feeling
was apparent in wheat in the opening.
December starting a shade lower at
50 3-4G95 rs cents and declining slowly
TO 50 IS cents. The weakness was due
10 a IS pence decline at Liverpool. and
in spite Of the bullishness of other early
news not enough support was forthcom-
ing to sustain prices. Export sales yes
terday amounted to nearly 100000 bush
els, and foreigners were reported good
buyers at the sea board Z again today.
Beerbohm cabled that there was renew
ed talk of the removal of the French
duty on wheat and said that the wealth
er on the continent was unfavorable.
Northwest receipts were 672 cars,
against 3l4 last week, and 1043 year
ago. Trading during the morning was
dull and almost entirely OF a scalping
nature with narrow fluctuations. The
tone improved, however. as the session
progressed. December rallied to &c Is
cents, eased off to 90 SIS cents and re-
covered again to 90 IA cents. closing at
81 81 cents.
In corn, the opening was steady at
shade under yesterdays. closing price.
Crop advices were all buliish, reports
from Kansas saying that the crop was
almost entirely ruined in parts OF that
state by the drouth and hot winds. Re
ceipts, LII cars, were about 175 under
the estimate. There was quite a strug-
gle at around 33 cents, but the liberal
offerings We're well absorbed and prices
advanced slowly. December opened at
80 1898 cents and sold up to 80 $50
SO IA cents, closing at 80 3-SG33 1-2 cents.
Elevator people said country offerings
were small. Predictions of frost tomor-
row helped the market.
Oats were quiet. The opening was
easy but the market improved later in
sympathy with the strength Of corn. Lo-
cal receipts were 368 cars. December
oats opened at 20 "a cents and closed at
81 Is cents.
The yellow fever scare had apparently
in provisions and opening
prices were higher all around. Liberal
selling by packers caused decline lat
er. December pork opened 10 cents high
er at sS7 1-2 and closed at $50 De-
cember lard opened 21-2 cents higher at
81 81 - and closed at si.s5. December
ribs opened 21-2 cents higher al s., and
closed a. 1875.
CHICAGO GRAIN BLOCKADE.
Chicago. Sept. "a freight blockade /
is now threatened at Chicago. For sew
erai days the receipts OF grain have |
been larger than the elevators have been |
y,.,lfa o. -