The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-24
CORN Is THE LEADER
Strong for Itself and for All
Other Markets.
DECEMBER ADVANCES 7-8
General Buying in Wheat
Higher Markets All Around.

Chicago. Oct. 23-Corn was the leader
on change today and furnished the prin-
cipal foundation for the strength devel-
| oped IN TIE other markets. Disapp0int-
ing husking returns and steady decrease
in stocks gave corn traders an opportu-
nifty to give vent to a feeling that has
! been struggling for expression for some
time, and the December option closed
with a gain of sc There was a general
buying movement in wheat, with shorts
the principal participants. and December
closed with an advance of 7-Sq1c, Oats
rose 1-SG1-4c and provisions from z IL
TO 10c.
Wheat opened strong and active. Com
plants Of damage by drouth in the south
west, and higher Liverpool cables, not
Withstanding the downward tendency Of
the market here last week caused the
change in sentiment. Buying was heavy
from tho outset and as offerings were
see rec the market soon got above call
figure. Profit-taking and selling by hold
ers Of privileges caused a slight reaction
after lie had been added to the opening
advance, but as corn had begun 70 show
decided strength shorts became anxious
and ran TO cover. Outside buying has
tened the upturn that followed and the
price tended Upward the remainder OF the
session, thu market closing strong at the
best price OF the day. A smaller increase
in the visible supply than expected and
liberal clearances helped to maintain the
= CHI ID
higher at SO 7-SG70c, advanced to 70 IS
G1-2c, sold off to 70 Lie and advanced to
20 3-4T7-Sc at the close. Chicago received
DO cars of which graded contract.
Minneapolis and Duluth got 1O21 cars.
compared with 1,451 for the same day a
year ago. Primary receipts were 1,194 GO
bushels, against 2008,600 bushels last
year. Atlantic port clearances in wheat
and -four equalled S97, eco bushels Worlds
shipments TO Europe last week were
100000 bushels. The visible supply in
creased only 1,241,O00 bushels, whereas an
increase cf over 100000 had been ex-
pectsd. fash demand here was slow, "a
well as at the seaboard. where ONLY %
b0atloads were reported sold for EXPORT
Corn started half an hour from the
close, when Profit-taking checked the ad-
vance. Reports Of poor yields and large
decrease in stocks. coupled with the
heavy current requirements Of both for
eign and domestic consumption, was the
basis of the markets strength The buy
ing was well distributed. with the mar
ket a broad one. Receipts .559 cars. Do
nestle visible decreased $4,000 bushels
Cash demand good. December opened Is
G1-4c higher at 80 5-SG3-4c to SO 7-Sc, sold
sparingly at 30 5-Sa3-4c and advanced to
81 3-Sa1-2c at the close
Oats ruled quiet and the advance was
due almost entirely to sympathy with
corn. Receipts 252 cars Visible de-
creased 327, eco bushels. December. opened
1-sc higher at % 3-4c, eased off to % 5-sq
SAC and advanced to p 3-4q7-Sc at the
close.
Higher prices for hogs and a good cash
meat demand strengthened provisions.
The advance in corn was a further en-
couragemenC ard a moderate gain was
easily established. January pork closed
1-2g1Cc higher at $9.42 1-2q9.45; January
lard and ribs e1-2c higher at s5.S5 and
1892 1-2 respectively.
Estimated receipts for Tuesday: Wheat
go cars; corn So; oats Az; hogs 2400l
head