The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-20
NERVOUS DAY
CLOSES &c UP
Strong Northwestern Markets
Make Good Upturn in Wheat.
SET BACKS DURING DAY
Corn and Oats Start Strong
and Close Higher.

Chicago. August 1s-Grain trade was
restless and nervous today. The unset
tied weather and poor grading Of all
grains. together with diminishing con-
tract stocks, started a brisk early sup
port. AS usual manipulation caused a
setback, but excellent cash and seaboard
business brought a rally in wheat and
other grains advanced sympathetically.
At the close September wheat was cent
up. September corn ssa1z cent higher and
September oats 7sQAs Of a cent higher.
September provisions closed ~ cents 10
20 cents higher
Strong northwestern markets had much
10 do with the upturn in wheat. Rains
in Manitoba and the northwest made
shorts nervous over the spring harvest
situation. There was also fear Of the
q good squirt
September opened 14d2s cents to AsG&
cents Up at ss9sseents to 6s7s cents and
sold 10 TO cents. 1.-THE early demand soon
fell OF and trade grew somewhat Gull.
Bulls, however, soon started up the arg L
meut Of very little contract wheat and
extremely poor grading Receipts. north
western and primary. were lighter than z
year ago. A good cash business sprans
up and the seaboard reported "a loads
taken for export Clearances at the sea-
board equaled sol .0O0 bushels in wheat
and -four, or Is, 900 bushels intwo days.
This started a late reaction. and Sep
TENDER. which had dipped TO E14G69As
cents, on tagging trade closed strong, 10
Is cents up. at 71s cents. Cables were
firm. Long holders let go on the bulges-
Local receipts were 40 cars. OF con-
tract. Minneapolis and Duluth reported
Ice cars, making a total for the three
points of So cars. against 80 cars last
week and S0s cars a year ago. Primary
receipts were 1.OS7. 600 bushels, against
1,l5s.ooO bushels last year. Bradstreet's
reported the visible supply increased
25s, 900 bushels
Corn started strong on the weather and
the wheat advance. Trade, however. was
inclined toward dullness. Any little de-
mand caused upturns. because OF the big
short interest in September and the very
little receipts. Stocks here decreased and
the visible supply was lower by over
I 600 go bushels. Cables were firm. but
the cash demand was light. September
sold between SIS cents and 81 cents and
closed firm. ss6H cent up at deG52
cents. Receipts were 4s cars. 7 Of con
tract grade. Only ten cars are expected
tomorrow.
Oats had fallen Of in supply here I'M
til today contract stocks were only i15.eo0
bushels. Receipts were good at $50 cars,
but contract grading was retarded by
the weather to such an extent that scat
tered buying resulted and prices ad-
vancsd- Offerings were very light and
the market ruled strong. September sold
from 3z2s cents TO 32rb cents and closed
ssds4 OF a cent Up at 42ss cents.
Provisions were dull but firm. Hogs
were higher and there was fair sup
port. A good demand IN lard at times
helped the rest Of the list September
pork closed n cents up at .l6.0215. Sep
tember lard 20 cents higher at 1908 and
ribs 2iz cents up at s9.671s.
Estimated receipts for tomorrow
Wheat, go cars: corn. 10 cars; oats, rs
cars; hogs, q. 900 head.