The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-18
FROST STILL A
VITAL FACTOR
In the Strength and FirmneSS
ofGrain Market.
ADVANCE IN ALL CEREALS
Provisions Took Fifty Cent
Downward Tumble.


grains today was firm Predicted frosts
to follow the recent mild weather was a
potent factor. Trade. however. was still
largely confined to the local crowd, es-
pecially in wheat and oats. and inasmuch
as these pits ruled dull price changes il
them were small. Corn felt the weather
most and was active most Of the session.
At the close September wheat was 14c
lower. December wheat Soup. December
corn was &c higher. September corn sc
higher and December oats 5sc up. Pro
visions felt the effect Of a raid in Octo-
Dor pork and closed &c higher 10 SOC lower.
lain in The northwest with much cooler
weather predicted was the cause of a
! 4--gher opening IN wheat cables, also were
construed bullishly. The fact that the
receipts northwest were much increased
over last week and a year ago was offset
by the expectation that in consequence
Of a rain the movement once more would
be curtailed. CaDies advanced q little as
the session moved on and the export
business was good. both Duluth and New
York reporting twenty loads taken and
Buffalo 100000 bushels. The fact that the
outsider was noted in the market worked
against good gains. Much Of the time
the pit was almost deserted. Price fiuc-
tuadons were extremely narrow and lit
tie business was done. After the first
hour interest died out September wheat
sold between 70 and 72zc and closed easy
&c off at 72%c. December sold at from
% to 59llc. dipped to ISIS and closed steady
&c up at sec. Local receipts were 2J0
cars; Minneapolis and Duluth reported
$50 cars. making a total for the three
points of 956 cars, against 547 last week
and 743 a year ago. Primary receipts
were 1853. 900 bushels, compared to 1,5l4OOO
bushels last year Seaboard clearances
in wheat and -four equalled $4,000 bushels.
There was but one broad market today
and that was in corn. Frost talk was the
principal bullsh incentive. OF late there
mas been fair selling in spasmodic turns
but talk Of big crops. Many spectators
believe that with the end of this month
the drastic effect of last years big short
age will have disappeared. That was one
Of the reasons for selling on hard spots.
Many other traders, however, have been
figuring on the big shortage now out. es-
pecially in December options; said to be
100000 bushels. 1t is known that cribs
along the country railroads are almost
empty-have ben for nearly a year.
Where there were 2, $50 800 bushels in the
visible supply a year ago there are but
1000. 500 bushels now Chicago has prac-
ticaHy the only corn supply and it now
amounts to about 100000 bushels. Farm
ers are inclined TO hold much Of their
better corn. Much of the receipts for
some time to come are expected to be
soft All of these conditions have made
bears cautious and have induced con-
servative support. With hard frOsts fore
casted for tonight these factors once
more came TO light. Most of the middle
west today was wet. General and inhu-
entail buying followed in December and
May and good upturns resulted. Septem-
Der was not so active and at times it
showed dropping tendency. The Wash
ington crop bulletins reported much dam
age in the northern portions of the corn
belt. yet Notwithstanding the frost talk
there was all the time present a feeling
that big crop was forthcoming and
this put a check on the bullish enthusi-
asm. December corn sold from 1872 TO
go and closed firm &c UP at 1875 and
44c. September sold between 81 and 5S12c
and closed firm SIC up 5S2sc Receipts
were 162 cars. 90 contract grade.
oats ruled steady and showed no i'm
portant changes in prices There was
some buying at times for manufacturers
and fair support by a leader. The wet
weather also had some effect as did the
strength in corn. December huctuated
ONLY l4c and closed steady sc up at Sllsc-
Receipts were 1s2 cars.
There was good activity in the provis-
ions Dit. Hogs were lower. having fallen
of 80 cents in two days. This induced
some outside liquidation, but a good sup
nort was under the market until late in
the day. When the support fen of there
was flood of offerings Of October pork
and prices in that product fell CT from
ST. 10 SIS 25 This worked against
closed weak. Part If this action is
Thought TO hive been for the purpose Of
bringing near by and distant options near
torether. At the close January porl, was
= higher at $3.50. while October closed
SIC of at SIS % October lard closed sc
down at So TX and January lard ~ and
80 ficher. at SIS. October ribs Vere &c
lower al So.o5 and January ribs &c
higher At $50.
Estimated receipts for tomorrow
Wheat. 20 cars; corn. S75; cats, IS;
hogs. 2l.eoo head