The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-10-02
PORK CAUSES
A SENSATION
1t Rose Ninety Cents Over
Opening Figure Yesterday.
ALL GRAINS WENT UP
Good Commission House Buy
ing Caused the Upturn.

Chicago, Oct. Higher prices ruled
on the board OF trade today, with pro
visions especially strong, October pork
made an advance during the day of 80
cents over the opening figure and the
close was Toe higher than yesterdays
close. January pork closed 25c higher.
October lard closed 30c higher. January
22izc higher and January ribs 10c higher.
December wheat closed 154c higher. corn
TIC higher and oats 1kQasc higher Wheat
WIS strong and higher with good trad
ing Steady cables and good commission
house buying was responsible for the up
turn. Another rallying feature was the
fact that many traders had anticipated
a drop in prices when the September deal
was closed up and had sold short accord
ingly. The drop failed to materialize.
however, and instead OF weak market
There was strong feeling prevalent and
buying was of better character than for
some time Shorts covered freely. Small
er receipts with poor grading was also
a factor. December opened a shade to
isG4c highr at 6S5sQ6S:4c and the price
rose steadily throughout the day The
high point vas 81 csc and the close wax
near the top With a gain of nc at 6924Q
69zsc- Clearances Of wheat and -four
were equal 10 200, 600 bu. Primary re-
ceipts were 1,152. 900 bu. compared with
1.sl1,O0O last year. Minneapolis and Du-
luth reported receipts OF 725 cars, which.
with local receipts of 179 cars. % CON
tract, made the total receipts for the
three points of so4 cars, against ss5 last
week and 91s a year ago.
Corn was firm throughout the day
with buying quite general. Outsiders
were good buyers. as were also commits
sion houses and shorts. Statistics were
all in favor OF the bulls with higher ca
bB&s, small receipts and rather unfavor-
able weather. The Iowa state report
wa. a bull factor claiming 40 to so per
cent Of the crop would be unmarketablc
on account of dampness. December
opened a shade lower TO isQAc higher at
45a4G46c. Active buying carried the price
TO 475sc and the close was 17sc higher at
455sG45%c. Local receipts were SO cars.
with Is Of contract grade
Oats were dull and fluctuations con-
fined within a narrow range. The mar
ket was strong in pathy with othe
grains and on poor grading. December
opened a shade higher at 30@4c and sold
between 3O5s%a3o24c and BIC, closing
sc higher at 31l4c. Local receipts
were Isl cars.
Provisions were strong with an active
demand for October pork and lard. which
advanced the price of those commodi-
ties sharply There was some weakness
shown shortly after the opening. due TO
selling on lower prices for hogs. but
locals took hold freely. advancing the
price. Absence of offerings was the main
reason for the sudden upturn. October
pork opened &c lower at $3.50 and before
the close the price had advanced to $500.
The close was 75c higher al $3.50. jan
uary pork opened TIC lower at S15O2l5
and sold between sl5.02le and s15.35. clos
ing at the high point with a gain of 25c
October lard opened unchanged at 1910.
selling between 1910 and s1017ls. closing
Coo higher at SO January lard closed
22:sc higher at ss.T71.. Ribs were 1Oc
higher at $s15.
Estimated receipts for tomorrow:
Wheat. 10 cars; corn. rs; oats, los; hogs,
10000 head