The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-29
ADVANCES N WHEAT
On Export Demand and De-
crease in Receipts.
SEPTEMBER IA HIGHER
December IL and May 3-4--
Other Markets Mixed.

Chicago, Sept. 2s.-Preferred futures in
all the grain markets were strong today
and closed at advances. A good export
demand for wheat and constantly decreas-
ing receipts formed the foundation OF the
wheat strength. Trade was broad and
general in most markets. September
wheat advanced lac, December 1-2c and
May S-4c. September corn declined lee
on heavy selling by longs, but December
advanced 1-Sc. September oats declined
lac and December advanced a shade. Pro-
visions were steady but closed unchanged
to a shade lower.
Liverpool played a prominent part in
influencing the early tone Of wheat trad
ing. That market opened lower but quick
" recovered and at the opening here
showed good advances. This was regard
ed as indicating the seriousness of the
Transvaal situation. Early indications
also pointed TO a large clearance for the
day. Outside buying was quite heavy at
the opening New York houses being es-
pecially prominent. The opening in De-
cember was at % 5-SG3-4c, an advance OF
1-4d3-sc over Yesterdays close. This was
at call price and for a time the market
met heavy selling against those privileges.
A good deal of general profit taking was
also done, and decline in December to
70 3-sc took place, but before IL o'clock
the market had again become strong,
with heavy general buying. The contin-
ual falling off in receipts at prominent
TOW,
and the belief was more general that the
winter wheat supplies from now on would
be much lighter. New York and st. Louis
at the same time reported numerous &C
ceptances of yesterdays cabled offers. Best
prices were obtained in the last hour Of
trading. The market during that time
exhibaed good deal of nervousness, ana
the price changed rapidly, though within
a narrow range. Realizing was heavy,
but on all slight breaks the market re-
ceived substantial support and though
best prices were not maintained the close
was at substantial advance A good i'm
provement in the demand for -four was
reported AMI this had an influence on spec
ulative trade. The market at the close
showed a marked growth of bull send-
ment among local traders, and trading
throughout showed the effects of in
creased outside interest bull feature
was the falling off of SOO, 900 bushels in
primary receipts in the past four days.
The Ightness of local receipts, 125 cars,
was factor in the early strength. To-
tai primary receipts were 1,122.01o bushels,
against e56,000 bushels year ago. De-
cember advanced to "A 1-Sc, and reacted TO
70 7-sc. where it closed. Considerable trad
ing was done in March and that future
developed more strength than anything
else on the floor. It ranged from 70 1-21
5-Sc to 70 5-sc, and closed SIC higher at
rs $50
Corn was fairly active and irregular.
There was heavy liquidation OF septem-
Der, supposed TO be most prominent on
the long side, and this influenced the mar
ket all day. Deferred futures, in which
trading was mostly of q scaIping nature,
were weak for a time in sympathy but
Later recovered on covering by shorts. and
closed steady. Receipts were 1,1S9 cars.
The seaboard reported 50 loads taken for
export December ranged from % SAC 20
80 1-Sc and closed 1-Sc higher at 80 1-Sc.
September ranged from SEC TO % 1-Sc, and
closed 1-2c lower at 90 1-2c.
Oats reflected the action Of corn, Sep
TENDER being weak on moderate liquida-
tio1 il spite of small receipts. while de-
ferreJ futures were steady. Trading was
small and mostly OF scalping nature.
The cash demand was rather slow. Re-
ceipts were 234 cars. December ranged
from % SIC to % 7-Sd23c and closed q
shade higher at 2 7-sI23c. September
closed lac lower at - 1-2c.
Provisions were firm and IN good de-
mand The chief influence was the heavy
cash demand, and fair advances were
scored during the morning on buying by
local operators and exporters. Later heavy
selling b. packers caused a reaction. but
the market closed steady az slight
changes. At the close January was ? 1-2c
lower at 80 50: January lard unchanged at
s.. 50 -. ard January ribs q shade lower
at S5.121-2
Estimated receipts for Friday Wheat.
is cars; corn. 100; oats 215; hogs 1900
head.