The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-24
WHEAT GOES HIGHER
Weak Early but Rallies on
Export Demand.
COARSE GRAINS LOWER
Provisions Close at Slight
improvements.
COARSE GRAINS LOWER

Chicago, Aug. z3.-Wheat was weak
early today in the face of bullish news,
but rallied later on an export demand,
September closing 5sG3zc higher, Corn
and oats each closed AG14c lower. Pro-
visions closed slightly improved.
September wheat opened a shade up,
at 73H@f3s4c. Liverpool showed a 5sG%4d
advance; heavy rains in the northwest
were reported as intergering with har-
vesting, and traders generally expected
falling off in primary receipts in the
near future. In the face of this the
opening figures were a disappointment
The cause Of this unresponsive attitude
of the market was to be found in sell
ing by outside people through commits
sion houses. In disgust local traders
followed the outside lead and September
dropped early to 731lc. Later the pres
ence Of an export demand began to &c
felt. This started the market upward
and the early sellers turned buyers, but
found offerings very scarce. September
rallied sharply to 749sc and closed strong,
5s4Xc higher, at 74ssG7f15c Cash sa,es
here were reported at $500 bushes,
while New York claimed 70 loads taken
for export. Clearances at the seaboard
in wheat and -four were equal to 177,0O0
bushels. Russia reported threshing re-
turns from some sections disappointing,
and the rye crop as below the average.
Primary receipts were 100000, compared
with $4,000 bushels last year. Mime
apolis and Duluth reports BIT cars,
against 2i2 last week and 281 a year ago
Local receipts numbered 325 cars, 10 Of
contract grade. Advices from the spring
wheat territory were to the effect that
the rains had done serious damage TO
wheat in shock. The domestic -four trade
was said to be in a flourishing condition.
Improvement in the weather. as viewed
from the standpoint of corn traders,
caused considerable liquidation in tina.
cereal. The market opened a shade
higher, but slunped steadily following
the first trades. Later the wheat
strength acted as a support and most
of hte loss was regained, the close be-
ing steady. September sold between 3S2f
to 39Mc. Receipts were 14S cars. Coun-
try ,acceptances were small.
Oats were again under the depressing
influence of September liquidation. I'm
proved crop reports from some sections,
coupled with the early weakness Of corn,
were the factors. The market recovered
but little in sympathy with the corn
rally. September sold between 217s and
2111c, closing u to nc lower, at 1850
214c. Receipts were 81 cars.
Provisions were dull early, but later
some activity was stirred up by a cash
demand, particularly for lard and ribs.
This, in view of the scarcity OF cured
meats, caused a stronger feeling in the
pit. The south was the best buyer.
pork sold between SHOP and
so. sly and closed nc higher at $l0.9715;
September lard between Sc. 721e and s66712.
closing 21zc better at IS. 721a. and Septem-
Der ribs between s7.05 and s6.9715 with
the close sc upward at sos.
Estimated receipts tomorrow: Wheat,
AS cars; corn, 165 cars; oats, $50 cars;
hogs, 1900 head.
GRAIN AND PRODUCE MARKETS.