The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-12
HELPED BY VAR NEWS
And Big Export Engagements
Wheat Advances
AND CORN EVEN STRONGER
Oats Higher--Provisions I'm
changed to Lower.
MD CORN EVEN STRONGER

NhlcdSoi Ocl. live ar news. primarily,
and enormous export engagements, Incl
dentally, made wheat a strong market to-
day, and resulted in an advance of $40
IS in the leading future. Corn was even
stronger, advancing 1c for December and
SAC for May, wheat influences and heavy
export engagements prevailing. Oats
S-Sq1-2c higher. Provisions were heavy
and closed with slight declines for lard
and ribs. but unchanged for pork.
With an advance at Ligverpool Of 1-Sd
as an incentive to buying, wheat started
strong and at an advance of / &c, Decem-
Der opening at 2 5-S@72 a-4c. Previous to-
the opening, reports were received that
war had actually been declared between
England and the Transvaai. The situa
ton had the effect of increasing the vol
ume of trade to a marked degree. The
option advance was sufficient to induce
a good deal of short selling, and a slight
reaction followed, December ultimatIv
easing off to Y Lie. The market before
noon became quite dull and heavy. short
selling and realizing being encouraged by
a loss of a good part of the advance at
Liverpool, but the December price did not
get below p Lac. and for the greater part
Of the time was at p 3-Sc During the
afternoon the market again became
strong and decidedly active on reports of
big seaboard engagements and an excel
lent cash demand at outside points
through it was dull here. The export en-
gagements were put at 70 LOADS. Corn de-
Heloped great strength and this also in
f1uenced wheat. Professional traders who
had sold during the early part of the ses-
sion covered as best they could and this
and heavy buying for the long account
sent prices upward in a hurry Top prices
were made near are close, December
reaching 73c and closing at that price, an
advance of 3-467-8c. Primary receipts
were liberal, though much lighter than a
year ago. The total was placed at 1,25S
600 bushels, against 1872 900 bushels last
year. Minneapolis and Duluth receipts
were 74o cars, compared with 926 last
week and lbs a year ago Chicago re-
eeipts were 81 cars, Of contract grade.
Seaboard clearances were placed at 49,
900 bushels. The worlds visible increase
was placed at 5,O22,0OO bushels.
Corn was active and strong, with ship
pers big buyers. The market, after a
firm opening, showed some tendency TO
follow the wheat decline, but later on re-
ports Of enormous export engagements,
anna f7~VD, =,
ly. Shorts covered freely in both Deem
Der and May. Export engagements were
reported at 10 loals. Gables were firm
and higher. Receipts were 516 cars De-
cember ranged from 80 5-Sc to 81 5-Saa
3-4c and closed lie higher at 81 5-sc
Oats were rather quiet but steady, in
fuenced mainly by corn. Offerings were
light and the demand good, and prices
ruled higher all day. Receipts were 22S
cars. The bearish government crop re-
port had no influence. December ranged
from % rs to % lac and closed Csc high
er at % lac.
Provisions were dull and for that rea-
son rather easy. There was a fair invest
ment demand, but packers sold enough
January product to neutralize its effect
Liverpool prices were lower and this had
some influence. The market was help
ed some late in the day by the advance
in corn. AT the close Januaryporkwasun-
changed at 1857 1-2; January lard 1-2G
sc lower at S5-52 1-2 and January ribs 2
1-2c lower at sos.
Estimated receipts Thursday: Wheat
175 cars; corn ass; oats 215; hogs 1900
head.
BRADSTREET'S VISIBLE.
New York, Oct. T-Special cable and
communications 10 Brad
streets show the following changes in
available supply since last report:
Wheat-United States and Canada east
Of the Rockies, increase 1922. 0o0; Diver
pool Corn Trade News afoat for and in
Europe, increase 7o0,0 900 Total supply in
crease 5.d22, go bushels.
Corn-United States and Canada east of
the Rockies, increase 2,232.Ooo
Oats-Unite1 States and Canada east Of
the Rockies, increase 90. coo.
Among the more important increases
reported to Bradstreets not given in the
official visible supply statement are those
Of 100000 bushels at Hanitoba; $4,000
bushels at Chicago private elevators; go.
100 bushels at Northwestern interior ele- /
rators and $4,000 bushels at Omaha. The
aggregate stock of wheat held at Port
and. ore. and Tacoma and Seattle, in
creased .217,co0 bushels last week.