The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-18
FIVE .E|GBIHS HIGHER
Strong Cables and Big Cash
Demand for Wheat.
CORN AND OATS HIGHER
Improvement In Cash Demand
for Provisions.

Chicago. Aug. n.-Strong cables and q
big cash demand kept wheat on the road
toward higher prices today and caused an
advance Of 5-se in the leading futures
Corn and oats sympathized. corn closing
lac higher and oats shade higher. Pro-
visions advanced 1-2aT-2c.
The opening In wheat was marked by
good deal of strength and a decidedly
small amount Of trading. Spectators
again were influenced by the action Of the
Liverpool market, which showed an adj
vance Of 3-+d7-Sd, and opening prices for
September here were 1-4@3-sc higher at
Il LAC. Besides the armness at Liverpool
the market had for a support reports of
heavy rains in some sections OF the north
west. with consequent damage to wheat in
the shock. There was a moderate demand
from shorts, who feared the opening ad-
vance would be followed by still higher
prices. Offerings were small and Septem-
Der advanced to call price, II 3-491-2c be-
fore any influential selling was done. A
back-down to II 1-4c followed but the de-
cline was stubbornly fought and as soon
as realizing was over the price shot up
ward in a hurry, touching II SIC before
the balance Of trading was again in favor
Of the sellers. The market, In the main,
was dull during the morning, with occa-
sional lively spots. Several reactions oc-
CURED but the price at no time got below
II Lac and In the afternoon the rapidly in
creasing cash business injected life into
the market and made it much broader. The
total cash business reported here was $780,
900 bushels. The seaboard was a leading
buyer and gagements for export Of about
thirty loads were reported Primary re-
ceipts were again considerably lighter than
last year, todays total being $4,000 bushels.
against $4,000 year ago. Minneapolis and
Duluth receipts were 217 cars, against 15e
last week and 400 year ago. Chicago
receipts were 6s cars, p Of contract grade
Atlantic port clearances Of wheat and
flour amounted to $4,000 bushels Shorts
covered literally late in the session but
st. Louis and local traders were apparently
satisfied with their profits, and let 60
enough wheat to more than satisfy the
demand. The close was firm at Il 3-sd1-2c
for September.
Corn was firm and closed at a slight adj
vance, though best prices were not main
tanned. Receipts were moderate and the
cash and export demand good, and this
and the strength Of wheat were the 'influ-
ences. Receipts were Isl cars The weather
continued favorable for corn. Shorts COW
cred literally. September ranged from
30 1-2c to 80 7-Sc and closed 1-Sd1-4c higher
at 30 5-sG3-4c.
In the main. being Influenced by wheat
and corn. There was a good demand for
cash, with 10000 bushels reported taken
for shipment. Receipts 14S cars. There was
some selling of May. September ranged
from 10 SAC to 19 7-Sc and closed a shade
higher ats 7-sc.
Provisions were inactive but ffrmer all
around, although a decline was reported In
hogs. The cash demand showed marked
improvement. which was apparently the
basis for the better feeling in the specula-
tive market Packers bought literally.
At the close September was 1-2c higher
at $s.27: September lard 21-2c higher at
80: September ribs 5G7 1-sc higher at
s5.071-2.
Estimated receipts Friday: Wheat IS
cars; corn, 500; oats. 800; hogs, 1900 head.