The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-28
WHEAT FIRM ALL DAY
Closing at an Advance of
3-8 Cent.
FALLING OFF IN RECEIPTS
September Corn | IL Lower
Provisions Higher.
FALLING OFF IN RECEIPTS

Chicago, Sept. 27-Wheat was firm from
the beginning to end today and closed
at an advance Of S-sc. The falling off in
receipts at many heavy receiving points
attracted a good deal of attention, and
gave an undertone OF strength to trading
all day. Corn declined I 1-2 for September,
but unchanged for deferred futures. Oats
declined 1-sc for September and advanced
1-Sc for December. Provisions were firm
and closed ? 1-G7 1-2 higher in the future
most traded in.
Wheat traders were Influenced at the
start by the action Of the Liverpool mar
ket which showed but asIght decline at
the opening there, and soon recovered
that and more too. This, notwithstanding
yesterdays decline. Northwest receipts
were comparatively ligntu but the impress
sion prevailed that this was due to a
scarcity of cars, and would be succeeded
by correspondingly heavy arrivals later,
and for the time being had no effect on
trading. The Liverpool flrmness was re-
Elected by an opening advance of 1-4d3-Sc
here, December starting at 70 1-4d73 3-S
and under good buying, mostly by local
professionals, fur, a further slight ad-
vance took place, December getting to 70
lie. Realizing sales caused a temporary
setback. December reacting TO 73 lie but
the buying fovement soon became quite
general and though no marked advance
he rIr
end Of the session. A good deal of at
tention was given to the small receipts
at Toledo, St. Louis and Kansas City.
and they were one Of the bull incentives
Of the late trading ST Louis also re-
ported 100000 bushels sold there for ex-
port The market, rather quiet at first
became quite active before noon, and De-
cember gradually advanced to 70 Sac
There was considerable realizing at the
bulge and some selling against calls, and
the price was hammered down to 70 3-Sc
But at that point it was steadily main
tained and closed firm at 70 3-Sc bid.
September was seldom heard from. A few
offerings early in the session caused de-
cline to 70 3-4c, but before the close it
had rallied to "A 3-S, an advance Of Csc
:
were 10000 bushels. compared with l.
200 bushels year ago. A good export
business was done. The selling movement
was freest shortly before the close, esti-
mates Of 365, 600 bushels for the French
crop, the largest ever known, having some
influence on traders.
Corn was quite active firm for the more
remote futures but decidedly weak for
September, There were heavy additions
to the contract stocks out of private
houses. and elevator concerns offered free
ly, the price declining sharply under the
liquidation ESarly in the session there
was also considerable December Iiqu1da-
ton but later that option became firm
er, helped by wheat and the immense
export engagements, $50 loads Receipts
were 791 cars. December closed unchanged
at 3Oc. September closed l lie lower at
33c.
Oats were inactive and steady. There
was a fair demand from shorts for Deem
Der and an inclination to dispose Of Sep
TENDER, which resulted in a disappearance
OF the slight September premium. The
December strength was entirely with
wheat. he demand for foreign account
was large and 100 loads were reported en-
gagged for export. December closed 1-Sc
higher at % 7-Sc.
Provisions, though sluggish, were firm |
Liverpool continued 20 advance and there
was more outside trade. Most of today's |
trading was confined to changing over
from October to January products. At the /
close January pork was - higher at
$7.92 IL; January lard 5d7 lie higher at
$5.62 1-2; and January ribs &c higher at
SIS IL
Estimated receipts Thursday: Wheat 1s5 I
cars: corn $50 oats 260; hogs 5000 head.
GRAIN AND PRupuCE MARkEr.