The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-11-07
MI GRAINS STRONG
After an Early Decline in the
Stock Market.
BIG DEALINGS IN LEATHER
How Saturdays Bank State
ment Is Explained.

Chicago, Nov. s.-AlI the grain markets
were strong today and good advances
were scored, wheat closing at &c advance,
corn y to sc higher and oats Is 10 Ac
higher. Provisions closed substantially
unchanged. Higher cables and small
worlds shipments started a buying move
ment in wheat, all the more effective on
| account of the break Of over cents in
! less than a month.
The opening in wheat though quiet, was
! not without interest, and considerable
strength was shown. For the first time
/ in weeks, prospective buyers had some
/ thing really substantial to encourage
! them, in strong and higher cables and
worlds shipments that were much smaller
| than had been looked for, with prospects
| Of a continuance Of small shipments. IN
easiness by local shorts shown on Sat
urday's curb was much more apparent
at the opening today, and buying from
! that class Of traders had much 70 do
with the advance in prices that took
place The demand was not heavy, but
offerings were few and far between, and
shorts in consequence had some Difficult
~ at times in covering. There was soma
selling by professionals on the first an
later some selling was also done on the
announcement of an increase of lao O00
In the visible supply. But all offerings
were quickly absorbed, and at no time
did the market exhibit weakness. The
trend of prices was steadily upward, and
during the last hour of the session the
best prices of the day were obtained. New
York was a fair buyer, presumably
against export engagements, although on
~ five loads were reported as taken. up
to a late hour. st, Louis was also fair
buyer at times. Minneapolis and Duluth
receipts were 1853 cars, compared with
49, last week and 1,SS9 a year ago. Chi
cago receipts were III cars, IS Of contract
grade. Worlds shipments were put at
$50, 900 bushels. Local stocks showed an
increase Of $4,000 bushels. Primary re-
ceipts were 1,336,OoO bushels. Atlantic
port clearances Of wheat ard flour
amounted to $4,000 bushels. There was
a good milling demand for the low grades
of wheat. December opened "A to CSC
higher at 6S1hd6S5sc. After a slight fur
Their rally it eased of to 6Stzc, then gradu-
ally advanced to 69c, which was the clos
ing figure.
Corn was firm, partly in sympathy with
wheat and partly on firm cables and mod
crate local receipts. The local decrease,
S25, 900 bushels, was even larger than ex-
pected. and also had some influence.
There was a general covering movement
by shorts in both December and May and
advanced prices were well maintained
Receipts were 5Os cars. December ranged
from 8O3l to 31Hc, and closed z to Sc
higher, at 31lsG3114c.
The market for oats was almost entire
ly a sympathetic one, prices following in
small way the fluctuations Of wheat and
corn. Prices advanced slightly early in
the session on scattered covering by
shorts, and the advance was we'll main
tanned. Elevator people sold moderately.
An increase of only $1,000 in the visible
had some influence. Receipts were 35s
cars. December ranged from Dos TO 2215c
to 222sc, and closed Is to &c higher at
22la622ssc.
Provisions wer slow. but in the main
steady. Heavy receipts of hogs acted as
a drag to the market, but the slight open
ing decline was soon recovered and prices
kept within a narrow range Shipments
CT meats were liberal and the strength
of the grain markets sustained provisions
At the close January pork was unchang-
ed at 50 75d9. 77la; January lard unchang-
ed at s. .27la; January ribs a shade high
er at 81 .95I4 97l5.
ESTIMATED receipts Tuesday: Wheat,
40 cars; corn, 400; oats, 200 cars; hogs,
q, 600 head.
VISIBLE GRAIN SUPPLY
New York. Nov. 6.-The statement OF
the visible supply OF grain, in store and
af1oat on Saturday, November 4, as COM
piled by the New York Produce Exchange,
is as follows: Wheat 100000 bushels.
increase 439, go; corn. 12.S32.G1o decrease
$4,000; oats 6e5S 900; increase 5000; rye.
~. 900. increase "a 600 harley 1 rs 900 IN