The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-08
PRICES ARE SENT Up
Light Offerings and Strong
Cash Situation
MAKES ACTIVE MARKET
Grain Closes Higher With
Prices More Firm.

Chicago, Nov. "A strong cash situa-
ton IN all grains and light offerings 70
supply the demand sent prices up today
in an active market. December wheat
closing &c advanced, December corn "a
&c higher. and December cats nc up.
Provisions closed unchanged 10 1oc higher
Lower cables had Al early depressing In
fuenee on wheat. but this was soon over
come when II was found that hardly any
offerings were coming out, and those only
from a few shorts. December opened
shade lower 70 shade higher. az 717sf
&c, but straightway felt the effects OF
buying orders with the commission houses
and the strong tone IN thu corn pr. and
began its upward Journey Al during the
session trade was nervous and active,
and OF a broader scale than that OF
either yesterday OF the day before, News
favored buyers with -he exception OF the
early cables The Hessisn ~ was re-
ported IN Kansas. and Duluth stocks
showed an increase OF only 81. 600 bush
els this week. compared with ST. 90 bush
els the week before. Outside markets
also were strong. in most cases higher
for December than here Exports were
fair and some business was reported done
with Mexico. Cash prices were strong
and December sold Up 70 727.c, closing
strong, only a shade under the TOP price
and sc higher than yesterday. Local re-
ceipts were III cars, 9 Of contract grade.
Minneapolis and Duluth reported 531 cars,
making q total for the three points OF
So cars, against 60 last week and 81
year ago. Primary receipts were s63o00
bushels. compared with $500 bushels last
year. Seaboard cIsarauces were 454 900
bushels Tie sesbOard reported g loads
taken for export.
Last seasons corn crop failure Is begin
ming 10 show strongly on the corn mar
ket- Activity IN this pit today csntersd
around the scant receipts-Only $ cars.
Traders who sold short yesterday hurried
70 cover today, n spite OF weak cables.
which brought opening prices Tor De-
csmber sale lower 70 1sGi4c higher. The
market ruled somewhat irregular, but
strong on the whole. At times there was
considerable realizing, but everything Of
fered seemed 20 be wanted and was
readily absorbed with steady advances.
The cash situation vas still strong, and
was the principal factor IL the rise De-
cember sold UP 70 597s G60c. but eased or
on profL-taking and closed firm, lzGssc
over yesterday. at 5924c.
Oats were strong and higher. Trade
vas larger than yesterday, large guam
tity being sold % the southwest Sup
plies came principally from those who
were willing 70 take profits. and though
there was considerable liquidating, no at
tempt was made 20 stop the advance.
The cash situation was particularly
strong, PIC under Nay icing bid for spot
n New York December, which opened
unchanged, rose steadily and closed
strong at its top price, nc higher. at
3Sas &C. Receipts were 134 cars.
Lower prices for hogs and changing Of
November for Nay delivery indicating 2
weak cash situation. kept prices steady IL
provisions II spite OF fairly good trad
ing January pork closed 11c up. ar
81 s21a: January lard unchanged. at
S 52Ia and January RIBS PIC Up, at $40.
Estimated receipts for tomorrow.
Wheat. 10 cars corn. 50 cars; oats. 40
cars, hogs, 3 eco head