The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-26
STEADY and HIGHER
December Gains 7-8a1 and
September | IL.
CORN ADVANCES 1-8 CENT
Oats Higher Provisions Un-
changed to Higher.

Chicago, Sept. 25.-With the exception
of short period of weakness early in
the session wheat was steady today and
closed at 7-Sa1c advance for December
and l 1-Sc for September. The strength
in corn, a small visible increase and a
recovery in cables helped, but the
strength was mainly in increased trade
and timidity Of the bear crowd. Corn
was strong and advanced 5-Sc. Oats ad-
vanced 1-Sq1-4c and provisions closed IN
changed to lie higher.
The opening in wheat was weak with
no special important trade. Both local
professionals and outsiders were sellers
IN moderate way and for short time
prices showed a dropping tendency and
ranged slightly below Saturdays close
The weakness was mainly on account Of
a decline at Liverpool, though this was
expected TO follow Saturdays decline
mere. eRceipts at most western primary
points were heavy, though they did not
reach last years total. This fact, how
ever, was lost sight Of for the time be-
ing. The narrowness of trade at first
rendered the market susceptible to trivial
factors, but later cables showed a COM
plete recovery from the opening decline,
with a slight advance in some futures.
This was a cue for local traders, and
prices Immediately felt the effect on the
increased buying. AS the session pro-
crossed trading became much broader
and more general Heavy buying orders
came from the southwest, St. Louis
sending bulhsh dispatches concerning de-
mand from country miIlers and failing
supplies. Scarcity Of cars was reported
IN the Duluth region, with a heavy -four
business. The visible, which was ex-
pected to show a heavy increase. fell
short of expectations by long ways, the
increase being but 100000 bushels. The
gradual advance in prices brought early
sellers into the market, but little wheat
was offered for sale, the bear crowd be-
ing apparently timid about selling in the
present condition of the market and
prices were bid UP sharply before offer
the demand. The market finally got well
above calls. and selling against those
privileges checked the advance for
time but near the close of the session
shorts again bid prices up sharply and
the close was strong at close to top
figures. Minneapolis and Duluth receipts
were 1881 cars against 1,452 last week
and 1903 a year ago. Chicago receipts
were $4,000 bushels, compared with l.
$4,000 bushels last year. Atlantic port
cIearances of wheat and flour aggregated
m.
Ho6oO bushels. The seabord reported
only 10 loads engaged for export, but was
a good buyer in this market. Worlds
shipments were Z, so, 900 bushels. or about
100000 bushels over estimated weekly
requirements. December wheat opened !
1-Sa1-4c lower at p lie It sold at p Pc
then advanced o73c. y reaction to |
q 5-Sc was followed by steady advance /
to % 1-2c, the market closing at 70 7-Sc. /
September closed 1-Sc higher at "A 5-Sc. |
A feature of the late advance was the /
strength Of corn. Nervousness over Sep
TENDER corn shorts had considerable in
fuence on wheat spectators.
Corn was active and strong after a /
short period of easiness at the opening.
The weakness was mostly in syrnpathv
with wheat. Receipts were heavy and
local stocks increased IO69. 900 bushels
but this did not affect prices. Shorts in
September were evidently apprehensive
OF corner and were active bidders all
day. The price reached Csc where there
was plenty for sale and the advance
was checked. Deferred futures were
strong in sympathy and good advances
were scored all around. Receipts were
l,657 cars. September ranged from % 81
to 50 1-2c and closed 5-Sc higher at
80 1-2c.
Not much was done IN oats The mar
Net was easy early, following other grain
markets. but later frmed up and closed
at slight advance. Trading was exceed
ingly narrow all day and mostly OF
scalping order. The cash demand was
only fair. Receipts were 462 cars. De
cember ranged from 223-s to % 7-Sqg3c
and closed at 1-SG1-4c higher at . sc.
Provisions were quiet but steady. The
market showed easiness with grain at
The start but another good advance in
meats at Liverpool and the latter
streng of grain markets resulted IN a re-
'overy Of the slight declines and small
advances were scored in some products.
There was moderate selling Of January
product by packers. At the close OF Jan
lary pork was 5q7 1-9c higher at $3.50;
January lard unchanged at $3.50 1-2 ana
January ribs > 1-2T5c higher at &512I-2
VISIBLE GRAIN SUPPLY.
New York. Sept 25.-FoIoiwiug is the
Of the visible supply of grain.
n store and afloat. on Saturday. Septeu-
'er p, as compiled by the New York !
'roduce exchange; Wheat q. 77e.oaa bush
Is. increase 4ae.oo9: corn s.S50po. Increase
S-eoo; oats s.}sa,ooo. decrease 1900: rye
6e.ooo. increase Is2G9; barley So 20. in
rease s5f.oo0.
GRAIN AND PRODUCE MARKET
CHICAGO.