The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-08-13
PRICES SCARED Up
All Grains Show a Very
Material Advance.
WHEAT MAKES BIG JUMP
Corn, Oats and Provisions
Climb in Sympathy
WHEAT MAKES BIG JUMP

Chicago. Aug. 12-As a result Of the
bullish showing OF the government re-
port issued Saturday prices Of all grains
on the board Of trade scared upward to-
day. September wheat closed 21tG2sc
higher; corn closed s.a7sc higher, oats
were up 1d1kc, while provisions were
from 70 10c higher.
The decline in the spring wheat cOndi-
ton OF Is points since July l and the
heavy disaster 10 the corn crop. in addf-
ton 70 higher cables, caused wheat &c
open active and higher. The unexpected
y large loss n the spring wheat crop
started shorts to covering and there was
tair investment buying. September open
cd l15G5c 70 21zG25sc higher, at 7317sc.
Later IN the session the price advanced
10 7+lze, due 70 heavy clearances and the
Unexpectedly large decrease IN the WISH
bic supply, which amounted 10 2150 GO
bushels. The close was firm and % d27t c
higher, at 7324c- The worlds shipments
for the week amounted TO 10,z9S 600 bush
els, against 56f7,0J0 bushels q year ago,
while exports were seven boat loads. The
amount on passage was 20. $50 600 bushels
an increase OF 1.672, 600 bushels. Clear
ances IN wheat and -four were equal TO
l,5Ss,o00 bushels. Primary receipts were
1855 600 bushels. against 1859. 900 bushels
q year ago. Minneapolis and Duluth re-
ported 5S5 cars. against 307 last week and
443 cars a year ago. Local receipts were
263 cars, with 30 OF contract grade.
Corn opened active and higher on the
low estimate Of the government report,
and there was a rush 70 buy during the
first hour. The advance raised the mar
ket above the prices at which calls
sold on Saturday and selling against
these privileges along with general profit
taking caused q reaction September
opened 2 20 254c higher at coz d61c. Dur
ing the latter part of the session there
were rumors current that the government
estimate Of damage was exaggerated and
September lost some Of its frmness, sell
ing down 70 6lc. The close was ~ 10
17sc higher, at 60760xc. Local receipts
were 10 cars. three OF which were con
tract.
Oats opened active and highr, the gov
eminent report indicating yield OF only
a little over 6f0 600, 100 bushels being the
bull influence. Shorts covered freely. and
there was good buying by local bulls.
The volume Of business was not very
large, but there was enough steady COM
mission house buying 10 keep things
moving. September ranged between 36lz
and 5715c, closing 1d1As higher at $3.50.
Receipts were 81 cars.
Provisions were moderately active and
were iuil4ct-Cea C4t 5l45h-tF uE tue SIT
uation in the grain market. Heavy Of
ferings OF nearby deliveries early in the
session caused some heaviness in prices,
but toward the close a good outside de-
mand brought about a rally. September
pork ranged between s14O0 and s14I2is.
closing -10c higher at sl4071z Lard sold
between ss.721z and sS.77i5, closing with
a gain Of cents at S8.771zc. Ribs closed
at an advance Of 71ac at s7.s5, after rang
ing between $3.50 and S7.95.
Estimated receipts tomorrow: Wheat,
so cars: corn, 155 cars; oats, So cars;
hogs, =, coo head.