The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-20
CORN IO TIE FRONT
Heavy Buying by Shorts Sets
Prices Soaring.
SEPTEMBER GAINS So
Wheat Closes Unchanged to
IA Cent Higher.

Chicago, Sept. 1s.-Corn was the active
deal on Change today. Heavy buying
by shorts. who were disturbed by the
small contract stocks, and rumors OF a
squeeze, advanced the September price
1 5-sc. December closed s-Sq1-2c higher.
Wheat was steady under good deal Of
bear news and closed unchanged TO 1-4c
higher. Oats advanced about lac and pro-
visions closed at practically unchanged
prices.
The opening in wheat was at slight ad-
vance, for December. that option starting
at 70 1-295-Sc, or 1-SG1-4c over yesterdays
final price. Outside Of an unexpectedly
small increase in the local contract
stocks, there was nothing in the news
to warrant an advance and It appeared
to be purely the result Of local sentiment
/ The small advance was almost immediate
| " lost. Heavy selling which marked yes
| terday's session and which was supposed
to be the liquidation Of some long lines,
was continued today There was also
some selling from the outside, St. Louis
and the northwest both being in the mar
! ket For a considera bic period the De-
! cember price hung around 20 1-SG1-4c, to
/ which point It declined shortly after the
| opening, but before Il o'clock the strength
| of corn began to attract attention. I'LL
ishness caused by this was increased by
! reports that a good deal OF the buying
was for Armour. This scared shorts and
caused considerable covering Offerings
were light, outside OF the loug Iiquida ton
referred 10, and prices huctuated rapidly
within a comparatively narrow range, the
market at times exhibiting some nervous /
ness. The local srowd was apparently /
long, and though the posting of Brad |
streets figures on the visiolebIe supply, !
showing an increase Of 6.59S,000 bushels /
shook out some long wheat, offerings were /
readily absorbed and the spell Of weak /
ness soon disappeared. During the after /.
noon the strength Of coarse grains was In
flUentiaI in the steadiness of wheat, and /
although bear attacks were frequent, /
prices were we'll maintained TO the end /
Primary receipts were heavy, 1.652.0O0 /
bushels. against I, $4,000 bushels a year
ago. Chicago receipts were 200 cars 13 1
OF contract grades. Minneapolis and Du-
luth receipts were 1885 cards, compared !
with 1852 last week and SO a year ago. |
Atlantic port cIearances OF wheat and .
-four were 10000 bushels. The seaboard /
reported 40 loads taken for export. Lit
tie was done IN September. Interest in
that deal had apparently died out and
prices kept close ttehpoeo
prices kept close to the opening price
20 1-2c most Of the session. It sold as
high as 20 7-sc and as low as 70 1-4c De-
cember was bringing 20 5-sc at the close.
Trading in corn was quite active, es-
pecially for September, IN which sharp
advance was recorded. Shorts were act
i've bidders from the start, but had a
good deal OF difficulty in covering and
prices were bid up accordingly. The short
interest, which was evidently larger than
supposed, were disturbed by the small
contract stocks, loss. go bushels. There
was also good buying in December on the
heavy rains, which were expected to re-
duce the movement. Receipts were 1882
cars. September ranged from 81 IS TO
"a 1-2c. and closed 5-sc higher a. "a 3-Sc.
December ranged from 2s 7-Sc to % liza
3-Sc, and closed 3-3dI-2c higher at % 1-4c.
Oats were helped by the strength OF
corn and ruled firm all day. Shorts were I
BOBQ DuS EISs u-tNN St4LF-S OF ldSL Ntch- {
taking back their lines a good cash de-
mand also helped the speculative market
Receipts were 81 cars. December ranged
from q lie to q 5-S03-4c, and closed lie
higher at q 5-S13-4c.
Provisions were dull and steady, sym
pathy with the grain markets being the
main factor. There was a good demand !
for meats. Packers were on both sides OF
the market. Prices kept within a narrow
range. At the close January pork was 4
shade higher at $9.55a57 -; January lard
a shade higher az S5.45d4 A. - and Janu- ,
airy rios 21-2c higher al Sls2I-2
Estimated receipts wednes lay: Wheat :
2o5 cars: corn 80; oats 2aa; hogs 500 {
head
BRADS1'REET VISIBLE. :
New York. Sept. Especial cable and
telegraphic dispatches 20 lBradstre=ts
show the following changes in available :,
supplies as compared with last account:
Wheat-Cnitad States AMI Canada east !
OF the Rockies. 5,22S3[0 bushes; aaoet for e
and in Europe GIverpooI Crop Trade {
News Increase S0o.003 bushels. Total sup I
ply. increase 6.08S 9a3 bushels 2
Corn-Uuitad Stales and Canada east 2
Of the Rockies, increase 6g2og0 bushels.
Oacs-Cuited States and Canada east
Of the Rockies. increase L2s3.oa5 bushels.
Among the more important increases re- q,
ported 20 Brads-reeJ's not given IN the ?
official visible supply statement are those a
o. 1905 80 bushels at Manitoba store ge p
points $50 CO bushels al northwestern IN 9
terror elevators and 5o1a bushels each 10 1
Omaha AMI Portland. Maine The average
stock % wheat hsld az Portland. oregon. !.
and Tacoma and Seattle, Washington. de- =
creased 5000 bushels last week
q