The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-09-28
HVE .E|GHIHS BETTER
Wheat Follows an Advance
in New York
CORN AND OATS 3-8 UP
Provisions Weak and Lower
on Yellow Fever Reports

Chicago. Sept. z7.-Wheat here today
was led by an advance in New York The
strength OF the latter marke; was a big
factor in an advance OF &c here. Trad
ing was much more active than usual.
Corn and oats both advanced about &c
Provisions were weak, due 20 yellow fe-
yer reports and closed ~ 20 IA cents
lower
Al advance Of II 20 x cent marked the
opening IN wheat December starting AZ
GAL. Gs4ac, compared with yesterday clos
ing price OF s4Ac. Some irregularity was
shown BY the market fer a tine the
price fuctuartng between s41eQs44c and
sac, as the demand from shorts. the
principal early buyers, increased Or d.
rninished, but IN tie man the market
showed frmness and kept near the figures
Of the opening. Northwestern receipts,
though heavy, were smaller than last
year. Minneapolis and Duluth reported
Lilo cars. against SO cars last week, and
I8Z7 cars a year ago. The early strength
was due largely 70 the advance al L-V-
erpooI. where futures were quoted "A
I'd higher The ouIlish feeling was in
creased by seaboard reports Of & good
United Kingdom. and heavy acceptances
here for prompt shipment Chicago re-
ceipts were 275 cars, seven OF contract
grade. Primary western receipts aggre-
gate 1,727,000 bushels. compared with l.
6e5 900 bushels last year. Atlantic port
cIearances were 600 bushels. Duluth,
Minneapolis and New York markets were
all strong for cash wheat. Bradstreet's
reported the worlds visible increase at
PIG, eco bushels OF this abount. 1904, COO
bushels was sent east Of the Rockies on
this side, and as yesterday a decrease
OF $50 600 bushels had been officially re-
ported buyers were given a shock and
for few minutes there was a rush OF
longs to get rid of their wheat The price
wac crushed down TO 641sc from around
s41-c in this furry. But reaction quick
~ followed. Instead Of following Chi
Cages lead, New York and the north
western markets became stronger than
ever and when this became apparent,
here, a rush followed, this time 10 buy
back the wheat SO hastily parted with.
December climbed 70 64S4 G64Tsc in the
scramble. New York reported 81 boat
loads worked for export, which. coming
near the end Of the session, was a fac
tor in the strength with what the market
closed. The market was very active after
noon, and the total business done was
larger than for some time. December
closed at 64Ac.
Corn was active but steady up 10 noon,
when the strength and activity Of wheat
was communicated 70 this market. There
was a good deal Of the aggressive buying
by professional bulls, forcing shorts to
cover. Firmness was apparently entirely
in sympathy with wheat. Receipts were
$50 cars. Gables were higher. CIearances
were 172, 600 bushels. December ranged
from 2s7s 20 500 G3oSsc, and closed sc
higher at the latter price.
Oats were firm. but very slow. The
market trailed after wheat and corn and
developed no independent features. Trad
ing was light and in scattered lots, most
" by locals. CIearances were light. Re-
ceipts were 542 cars. The cash market
was firm. May ranged from 22&4 z 237sc 70
&c, and closed 14Gzsc higher at sc
Provisions averaged weak and lower.
Yellow fever reports and liberal hog re-
ce:pts started the market at 4 decline.
Packers gave the market fair support
for a time and a recovery ensued, but
when this buying stopped prices quickly
declined again and the market remained
weak 20 the close. Trading was only
moderately active. Al the close January
pork was TIC lower at 500; January
lard sc lower at 1876. and January ribs
213 to sc lower, at S+-77lz.
Estimated receipts Wednesday: Wheat,
1870 cars; corn, 90; oats. 375; hogs, 5000