The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-10-12
CORN on ADVANCE
Government Report Is BuIlish
Factor in Market.
WHEAT CLOSES HIGHER
Market Is BeariSh in All
0 her Respects.

! Chicago. Oct. 1.-THE report OF a slight
" improved condition in corn vas a de-
eidedly buIlish factor in al otherwise
bearish market. affecting wheat as much
as Il did corn December corn closed
&c higher; December wheat &c advanced
and December oats ashade decreased.
Provisions closed from TO nc.
Considerable activity followed the open
ms Of corn pit, induced largely by the
disappointment among the bear clique
who expected z decided advance IN the
Official crop report At the close yester-
day this advance wss predicted al least
five points and bears had sold freely in
consequence. When, however, October s
conditions reported az but ST. as com
pared with Septemb 81 quick covering
was the result. December opened p 70 &c
higher al 56s4 70 8. partly OF higher ca
bles. Several prominent long began profit
taking at this early advanc and De-
cem6er wavered fer a time under the
pressure and sold of 70 561s. This early
loss was sooa regained, however. and pri-
ces rapidly rose TO SIS. At the close
December lost somewhat on continued
nQuidati0us hue closed firm nc higher at
5s7sc- Receipts were 23s cars. Wheat
ruled fairly active and higher. December
opening &c TO &c higher on improved
cables az 671zc TO 6gssc. Statistics. Il any
thing, were bearish- Receipts were still
very liberal. though falling or somewhat
at the southwest. Clearances were snail
and the export demand was sluggish. n
spite Of these influences wheat gained
material strength. principally from the
corn report and rose steadily throughout
the session On covering by shorts. There
was some outside demand which also
helped and December sold 10 sos, cas-
ing tribe al the end and closing
strong &c higher at 70c. Local receipts
were 1s7 cars, one Of contract. Minnsap-
Oils and Duluth reported $40 cars, making
a total for the three points Of LOS cars,
against !, 0S3 last week and 704 a year ago.
Primary receipts were 1903 coo bushels.
compared with last years s3S.0o0 bushels.
Seaboard clearances IN wheat and -four
were 20s.ooO bushels. Argentine ship
ments for the week were 200. coo bushels.
against s44,ocO bushels for the correspond
ing week q yea rago. The seaboard re-
ported z loads taken for export.
Oats were Only moderately active, early
Improvement in the trade OF other grains.
falling ITO a dull and narrow market
later in the day. There was some strength
at the opening following corn. but this
met with free offerings by the outside
and the moderate country movement
continued easing the market. December
sold between 35lsc and SIS nc and closed I
a shade lower at 3514G2sc- Receipts were
1s7 cars An easy market IN provisions at /
the opening resulted from a renewed sell (
ing for the local and outside accounts. /
Prices sagged rapidly for time in spite
Of strong hog msrkt, but on 1 develop 1
ment OF a considerable local demand, [
thought 10 be an effort OF packers to keep (
prices Up. Products reached andetaOi +
prices up. Products reacted and he'd (
steady. January pork closed &c advanced /
al 1865; January ard 71ac Up at Ss71s and I
January RIBS sc higher at IS.