The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-08-17
GRAIN IN ASCENT
Market Opened Weak But
Closed Strong.
CORN MAKES BIG JUMP
Wheatand 0at Markets Closed
Higher.

Chicago, Aug. 1.-THE grain markets
inclined to lower level early. but turned
completely later and closed active and
strong. September wheat closed sc. Sep
TENDER corn nc and September oats "a
&c higher. Provisions for January de-
livery closed 21za5 TO 15c improved.
September wheat opened Z 10 sc higher
at 1%d1isc. under moderate buying &C.
casiOned b. the Armness OF Liverpool
cables and the noderatio not Argentine
shipments. Scattered liquidation soon
gave the market an easier tendency.
which was helped along by reports Of
favorable harvesting work IN the spring
wheat country. The Price Current esti-
mated a spring wheat crop Of 300. 009 co
bushels OF good quality The ranks OF
sellers swelled CT this and information
OF q similar nature. and September de-
clined early 70 701z. Prices steadied here
on bullish news from France. Il was
said that the shortage in the country
viii be Sc, co, 60 instead Of 70, 90. coo bush
els, as previously estimated. This infor-
nation was backed by liberal buying or
ders for the French account. Local pro-
fessionals turned completely on the pre-
sentiment OF this view OF the situation.
and were further strengthened IN their
new position by the strength OF corn.
September during the afternoon ran I'D
10 re. and although there was proft-tsk-
ing at the advance the close was strong,
sc over yesterday, at Lssc. Local re-
ceipts were rs cars, twenty Of contract
grade Minneapolis and Duluth reported
g cars, against 122 last week and
lS year ago. Primary receipts az
gregated ss9. go bushels, compared
with sSe. 600 bushels q year ago. seaboard
clesrances we're $50 go bushels. Argen-
tine shipments were 10000 bushels.
against $4,000 bushels the corresponding
week Of 1900. Exports reported three
loads taken. Shows report predicted a
mountaineering WELD Of 10000 600.
The corn market was active although
trade was OF a professional character.
The market opened Arm because Of the
stiffness Of prices at Liverpool. Continued
liquidation resulted in a break OF 1-2c
early. Drouth news from Ohio. Indiana.
and Illinois impressed shorts, who bought
az tbs decline. Later reports OF a good
cash business caused a sharp rally and
the close was az the best price OF the /
day. September sold between IS SIS and
g and closed at 1-2c over yesterday al
sc. Receipts were 133 cars. Shows crop
report predicted g yield OF 10000 bush /
els
Oats followed the fortunes Of corn, local
interests buying while outside people took I
profits on ali bulges There was a nod 1
.rate shipping demand. September sold /
between 3 IL and IS 10 and closed $40 (
sc up at s. SIS. Receipts were 3ss cars. +
Provisions advanced slightly for two I
-easons-a demand for cash lard and
meats. and speculative buying OF jan {
Iary product in sympathy with corn. The (
7ulk % the trade is now for delivery in
January. For an hour today there was
iot single trade in September. Pork
losed 15c higher at S1545; lard and
&c at sS.s7 ID and ribs , lease better
II SIS for January delivery. Estimated
.eceipt stomorrow: Wheat 1G5; corn, 10;
logs, 1900