The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-11-22
WHEAT HIGHER again
Foreign Inquiry Better and
Visible Under Predictions.
MUDDY ROADS HELP CORN
Oats and Provisions Close at
Small Gains.

Chicago, Ill, Nov. 21.-Wheat was weak
early today on poor export demand and
expectations Of a large increase in The
visible, but rallied on marked improve
ment in the foreign inquiry and an IL
crease in the worlds visible less than
early predictions. closing 44G- cents high
er. Corn, actuated by rains, closed 55qA
cents better. Oats closed shade to z
cents higher and provisions at a small
gain.
Statistics at the opening in wheat were
not of a pronounced character Initial
prices were unchanged from yesterday s
! close, December at 667sq61c and May at
| 71au1gc. Export inquiry was poor, the
worlds visible was expected 10 increase
literally and a local trader recently re-
! turned from abroad announced opinions
decidedly bearish. This was sufficient for
the letting out of some long stock, and
December sold to 667s G6534c and May TO
707sc. The strength of corn had steady
! ing tendency and at the decline the mar
ket huctuated narrowly on the operations
of scalpers. The first incentive to buy
ers came when New York and Duluth re-
| ported a decided Improvement in the for
! eign inquiry and a better business tone.
| Meanwhile the visible supply had failed
| to come up to predictions, showing an
| increase of only $4,000 bushels. Shorts
| bought with considerable animation, De-
cember advancing to 67h@672sc and May
/ to 715kc. The close was 54q%o over yes
I terday for both options, December at 671s
! G67l4c and May at 712sc. New York re-
| ported % loads taken for export. Atlantic
! port clearances in wheat and flour were
! equal to $4,000 bushels. Primary receipts
were comparatively small, 1,160. 100,
against 1858 IA last year. Minneapolis
and Duluth reported 1,225 cars, compared
with SO4 last week and 2,1T the correspond
| ing day last year. Local receipts were
/ 103 cars, A Of contract grade. Shipments
! Rrere only 10000 bushels, compared with
1,239, 900 a year ago.
! Corn was strong throughout the session,
a condition directly attributable to the
rains in the corn-growing sections. Coun-
try roads suffered and the movement from
| farms was, Of a consequence, interrupted.
! Coming at time when rural offerings
were expected 10 be a little freer, the
weather became very important factor.
! Shorts bought all they could lay their
/ hands on at a reasonable figure. The
/ opening, December at 329sc; May at339
| 335sc, was a gain of shade for May and
/
eased fractionauy with wheat at the OPEN
| ing, sentiment was bullish and the recov-
cry rapid. December advanced to $3.50
32s4c and May to 335sc, at which both op-
tons closed. a gain of 6sd&c for Decem-
Der and sc for May. New York reported
! 10 loads taken for export. Receipts were
| 260 loads. Clearances were 165, 900 bush
/ els
| Oats were firm and trading fairly ac-
| tive, though business was largely the
! changing from December to May con-
| tracts, or from corn to oats, to take ad-
vantage of the spread. The cash demand
was small, only 1900 bushels taken here
| for shipment. Local receipts were 2Si
! cars. December ranged from 23c to 2314c,
/ closing a shade higher at 23hc; May sold
from 241sc to 241ac and closed hQ14c bet
ter at 241@o
Provisions were firm, Influenced chiefly
by the strength Of corn, holding in spite
bf considerable selling Of December pro-
ducts Hogs were a shade higher, Liv-
| erp0ol unchanged. American products
and shipments small. On a somewhat
brisk market January pork ranged from
| s9.4712 to 1915, closing cents higher at
S9.52'A. January lard sold at s5.1215 and
closed at S5.12k. January ribs ranged
from 1876 TO s4.9715G5.0O, closing a shade
! NlSNeT al SfSJI 50 p.
| Estimated receipts tomorrow: Wheat,
81 cars; corn, 205; oats 112; hogs, $500
! head.
BRADSTREETS VISIBLE
| New York, Nov. Especial telegraph
and cable dispatches to Bradstreets show
the following changes il available sup
plies as compared with the last account:
Whest-Unted States and Canada, east
of the Rockies, increase, $4,000 bushels
liverpool corn trade news; sfoat for
and in Europe, decrease, 10000 bushels.
Total supply, increase, 716,o0o bushels.
Corn-United States and Canada, east
of the Rockies, decrease. 5s1,o09 bushels.
Oats-United States and Canada. east of
the Rockies, decrease. $1,000 bushels.
Among the more important increases
/ reported, not given in the official visible
supply statement, are those of $50, c01
bushels at northwest interior elevat tors.
1900 bushels at Depot Harhor. 1o0,gJ
bushels at Manitoba storage points. 81, go
bushels at Portland. Maine. and $500
bushels at Port Huron. The principal
decreases are those of 1000 bushels at
Coteau. $500 bushels at Milwaukee eIe-
I vators. and 50o19 bushels a. MINNEAPOLIS
private elevators. The aggregate stocks
of wheat held at Portland. Ore. and
Tacoma and Seattle, Wash, decrease d
52,o0o bushels last week.
GRAIN AND PReDTCE MARKETS