The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-05
CORN and PROVISIONS
Set the Pace for the Board of
Trade Markets.
EVERYTHING is HIGHER
Cash Demand for Corn-Hog
Prices Boost Provisions.

| Chicago, Aug. L-Corn and provisions
cut out the pace on Change today. A
heavy cash demand for corn resulted in
a complete recovery of an early decline,
the market closing 1-sd1-4c higher than
yesterday. Provisions closed at advances
Of from II 1-2 to 2oc. Wheat was weak
early, but recovered with corn and closed
Lac higher. Oats closed a shade higher.
The Liverpool market was the guiding
star Of wheat traders at the opening.
The usual surprise came from the Eng
fish market. quotations there being about
| view Of the decline here yesterday This
was afterward explained on the ground
Of advanced ocean rates, but It had its
effect on opening prices here, September
starting at 60 5-Sc. an advance of 1-4c. A
moment later a dip to g 1-2c followed
but good buying by shorts. mostly local.
resulted in a gradual advance to CO 3-4G
60 7-sc, the highest point reached during
the season. Besides the strength shown
encouraged by continued crop damage
reports from the northwest and by
Shows crop summary, which made the
condition Of spring wheat IS, or points
less than July l. This indicated a total
crop of about 100000 bushels. But in
tenest in the market soon died out. The
cash demand was almost nothing here
and only a moderate demand was re-
ported from the seaboard. The northwest.
which was a seller in this market re-
ported the -four trade quiet, and the
first rush Of winter wheat apparently
over. The buying demand dwIndled to al
most nothing during the middle of the
session and attempts to realize on earlier
purchases were attended with consider
able difficulty. September slowly declined
to 6sQ6S 1-Sc and hung around that price
until about noon. when the sudden
strength Of corn put some life into wheat
and resulted in a steady advance which
was continued to the close. Northwest
receipts were 3o5 cars, against $40 last
week and 20 year ago. Chicago receipts
were 12s cars. 1s Of contract grade. The
proportion Of new wheat was much
smaller than at this time a year ago.
Total primary receipts were $4,000 BUSH
els. Atlantic port clearances Of wheat
and flour aggregated 5000 bushels. A
visible decrease Of about 10000 in north
west stocks for the week was looked for.
September advanced 20 50 6-SG6s SAC and
closed at 60 $50. an advance Of lac.
Corn was fairly active. At the open
ing the market was firm and higher on
continued hot weather damage reports.
Weakness soon developed on reports of
rains in Iowa and Nebraska, and predic- |
tons of cooler weather. with liberal re-
ceIpts, 427 cars. The cash demand was
excellent, 2O0,0Oo bushels being reported
disposed of here, and the seaboard re-
ported 20 loads taken for export and
toward the close shorts went to cover.
bidding the market up rapidly Country |
acceptances were light. September rang |
ed from 30 IA to 80 7-Sc. and closed 1-S9 |
lac higher at 30 5-SG30 $40.
Oats were quiet and fairly steady, with |
other grain. Trading was entirely local |
and fluctuations small. There was same
buying on the wet weather, which is not |
desirable at this period. Receipts were |
474 cars. The seaboard reported a good /
export demand. September ranged from
10 IA to 1s 5-Sc. and closed a shade higher
at 10 lee.
Provisions were strong and active. The |
yellow fever situation was more favor
able. but the strength came mostly from
a sharp advance in hog prices. Buying |
Of all products was general and prices
advanced steadily. the close being at
about the top. At the close September
pork was 2oc higher at ss62 IL: Septem-
Der lard IL lie higher at $5.45d5.F 1-2
and September ribs 15c higher at SSH 1-2
G5.2o.