The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-30
BIG CASH BUSINESS
Is the Factor That Boosts the
Nheat Market.
GOOD ADVANCE IN CORN
Oats a Shade Better--ProVis-
ions Quiet and Steady.

Chicago. Aug. 29.-A big cash business
was the prime factor in wheat today,
September closing &c higher than Mon
day September corn closed 111c up and
oats shade improved. Provisions were
fairly steady
Strength and activity characteriZa the
wheat market nearly the whole session.
The excellent cash business was the
broad foundation stone on which the
strength was founded. Cash sales here
were 100000 bushels, and the seabo2rd
reported 50 loads taken for export. Ex-
port clearings for two days were $4,000
bushels. Bromhiu estimated an import
requirement for the United Kingdom OF
lS9, Gc0,G0O bushels and the English crop
probabilities were made 10000 bushels
less than last years, making the crop
the smallest since 1895. Liverpool closed
SD higher. Domestic news was but lit
tie changed, decreasing southwest re-
ceipts, rather unfavorable weather in
the northwest and heavy western re-
ceipts. September opened at 741a TO 7Fsc,
a range Of price due TO the instantane-
Gus consideration of the foreign bullish-
ness and the heavy local receipts. The
foreigners soon got the best of It and
under q general demand, in which shorts
were clamOrous, the market advanced to
75lsa7oAc. Having started upward,
there was scarcely any reaction and the
close was strong, September 7sc higher
at 75@751sc. Primary receipts were l.
421, 600 bushels, compared with $50 600
bushels last year Minneapolis and Du-
luth reported 293 cars, against 80 last
week and 373 year ago. Local receipts
two days., were go cars, 63 of contract
grade.
Corn was active and strong. Specula-
ton for a rise In old crop futures. owing
to a scarcity of old corn, being the
ruling motive, as IT has been for some
time past. Liverpool was up IL to 1%d
and the seaboard reported 95 loads taken
for export. Cash sales here were 500.00)
bushels, nearly ali for direct foreign
shipment. The shipping demand would
have absorbed more than it has, he'd
holders been willing to make even slight
concessions IN price. There was a fur
Their decrease IN stocks, the local COR
tract now being only 221 90 bushels.
while the stocks in public and private
elevators ara but 1,5S5,ooO bushels Cash
corn acceDtances showed some gain to-
day, but were still light. Local receipts
were 457 cars. September sold between
$3.50 and 4lc and closed 11sc up, at 41c.
Oats were firm, but quiet. The strength
Of other grains sustained the market in
the face of some liberal offer;ngs. A
good demand for export was reported,
the quantity sold being put at $50. 200
bushels. Receipts were 1888 cars. Sep
tember sold between 211$ and 2124c, clos
ing shade higher, at 215sIH%c.
Provisions were quiet and fairly steady.
The ease and grace with which the mar
ket absorbed liberal offerings of lard
from commission houses was the feature
in the pit september pork sold BE-
tween 80. 971s and 5000 and closed r-5c
lower at 90: September lard between
$50 and $6.e5. closing 21zG5c down at
$50, and September ribs between s7.C5
and $40, with the close PIC higher at
s7O21k
Estimated receipts tomorrow: Wheat,
400 cars; corn, 40; oats, $50; hogs, 2 zoo
head.