The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-11-01
WHEAT IS Stronger
On an Unexpectedly Small
Worlds Increase
AND AFRICAN WAR NEWS
Corn Higher, Oats Unchanged
and Provisions Mixed.

Chicago, Oct. S1--A smaller increase In
the worlds visible supply than expected,
together with disquieting news fIom
South Africa, strengt hened wheat today,
ana December closed with a gain OF }su
nc Corn closed sc higher. ana oats
unchanged. Provisions were Irregular and
closed from shade higher - 2a2Q7lzc
lower
Wheat opened firm. and during the
first few minutes aigJnced moderately.
Higher cables and a drop il British en-
soils, due to to the English military re-
verses at Ladysmith. made shorts appre-
hensive for a time. but as foreigners were
reported heavy sellers at the seaboard
this feeling soon disappeared and a slight
reaction took place on profit-taking. Re
ports of an important increase in the
German duty on wheat encouraged iqui-
dation, but as the session progressed the
market became extremely dull, with long
pauses between trades. Enough conf
dence was manifest in December wheat
al around 70c, however, TO prevent any
material decline until an increase Of but
$4,000 bushels in the visible supply was
posted where double that amount had
been expected, infused a little animation
into the trade. Shorts covered freely dur
ing the trading, under which the market
took a sudden upturn and closed strong
within fraction Of the best price OF the
day. December opened sc higher at 70A
crosse, advanced TO 70lsc declined to 701sc
and closed with buyers al 7G2sc. Chicago
received 1856 cars, % of which graded con-
tract. Minnesota and Duluth got 800 cars,
compared with l. 725 for the corresponding
day last year. Total western primary re-
ceipts were 1926, coo bushels, against l.
S5S000 bushels a year ago. Export clear
ances from Atlantic ports In wheat aLd
flour equalled 365. 600 bushels.
Corn was active, but somewhat unset
tied. The market opened rather easy and
irregular, and declined under heavy liqui-
dation, owing to a slack shipping demand
and disappointing cables. A decrease Of
469, 600 bushels in the worlds visible, cou-
pied with enormous clearances, forced
shorts to cover near the end and the early
loss was fully regained, the market clos
ing strong. Receipts, 453 cars. Clear
ances, 1,123,OOO bushels. December opened
a shade lower to a shade higher at $40
312sc TO 312sG31lk, declined to 31kG3IAc,
advanced TO 311ad315sc. and closed at 31L5c.
A good cash demand strengthened oats,
and the October option got on even terms
with December. scoring an advance of Il
9Ssc. The other futures merely held their
own. Receipts. 2S3 cars December open
ed unchanged at 237sc, declined to 2224c
and advanced to 227kc.
Provisions were dull and irregular.
Packers sold lard and ribs owing to con-
tinued heavy receipts of hogs and lower
prices at the yards, but pork ruled strong
on account of the uncertainty about the
proper Interpretation to be put upon the
rule concerning barreled pork
January pork closed a shade higher. at
80 7Ga9. 7212; January lard 5d71zc lower, at
So 2l2, and January ribs, 2l2Q5c lower, at
1885
Wheat 80 cars; corn, 240 cars: oats. 100
cars; hogs. 5000 head.
BRADSTREET's VISIBLE.
New York. Oct. Especial cable and
dispatches to Bradstreet's In
dictate the following changes in aval'a-
bic supplies last Saturday:
Wheat-Cnited States and Canada east
of the Rockies. increase 1880 GOO bushels;
afoat for and in Europe, dec ease 9}0.0aO
bushels; total supply, increase 1,19O.OJ0
bushels
COrn-United States ard Canada east Of
the Rockies. decrease 459 900 bushels.
Oats-United States and Canada east Of
the Rockies, decrease 30 eco bushels.
Among the more important increases re-
ported TO Bradstreet's are those of 542-
600 bushels at Chicago private eleva tors:
10000 bushels at northwestern interior
elevators; $4,000 bushels al Sioux Falls;
5000 bushels at Milwaukee private Gle
vators; 5000 bushels at Portland. Maize.
and 10000 bushels al Minneapolis private
elevators. The aggregate stock of wheat
held at Portland, Oregon. and Tacoma
and Seattle. Washington. increased $4,000
bushels last week
GRAIN AND PRODUCE MARKETS.