The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-16
SEPT. SHORTS
CAUGHT AGAIN
Good BuIges in Grains Squeeze
Them Hard.
PRICES SURGE HIGHER
Congestion in Corn Holds
Market in Safety.
RICE HIGHER

Chicago, August A-Manipulation and
the weather started good bulges in grains
today and as result September shorts
were squeezed once more. Contract
wheat was scarce, and there was some
congestion in corn and oats. Other con
ditions, however, were all again an up
turn. After the manipulation had pushed
prices up well liquidation from the same
hands brought recession. In the end Sep
TENDER wheat closed 1c up. September
corn unchanged and September oats 14c
higher Provisions &c lower to sc higher
Wheat spurted early on the fears Of
shorts and rains in the spring harvests.
Congestion on contract stocks vas mark
ed with one house practically in con-
troll. The opening was somewhat wild,
with everybody wanting stuff and offer
ings very light. Than manipulate was
practically the entire cause for the up
turn seemed reasonable from the fact
that receipts primary, local, northwest
and southwest, were much heavier, that
Argentine shipments were Increased that
Hungarian and Roumanian crops were
large and that exporters offered freely
with few takers. Although September
was the manipulated month, December
profited today. After prices had been
pushed up well the holders unloaded in
September and unstraddled their spreads
by taking on December. Still December
held TO it's discount of over cents. Sep
L. 10
to 7O&e and sold to 7iAc There was a
dip to 709sc, but September closed firm
lc up ar 7O7sc. Local receipts were S1s
cars, l of contract grade. Minneapolis
and Duluar reported 126 cars, making a
total for the three points OF 444 cars.
against 298 cars last week and AZ year
ago. Primary receipts were 1,lSS,O 900
bushels, against 9e9 900 bushels last year.
Seaboard clearances in wheat and flour
equaled 2S3, 900 bushels Argentine ship
ments equaled $4,000 bushels, against S,-
900 last week.
Corn was helped by the strength in
wheat Trade was not especially -
tive. yet there was a good volume. The
genehal and from which has ben ofwnn
general commission house demand was
rain helped the bulls somewhat. Local
shorts and the southwest covered brisk
" for time, especially in December. The
longs, however, fed the market literally
and prices slumped off. Cables were
lower There was no conspicuous sell
ing. The cash demand was fair but the
crop prospects were still excellent. Sep
TENDER sold between 511kc and sc. and
closed steady and unchanged at 515sc.
Rains and manipulation by bulls in Sep
TENDER options lifted oats prices, with
some arely show of excitement. There
was a good demand in September by
commission houses. with shorts leading.
Stuff was hard to buy and the cash de-
mand was brisk. There was some late
offering on the bluge, but prices held well.
September spurted from 31&c to SIC and
closed strong nc up at 32ssc. Grading
was retarded by the rains. OF 27Z cars
received today only % were OF contract
grade.
Provisions were irregular and dull.
Hogs were lower on liberal receipts.
There was some strength in distant op-
lions. but the nearby futures were liqui-
dated again. Some support came espec-
iallv in pork September pork closed sc
up at $500 September lard SC of at
slo.25 and September ribs 21zc down at
$3.50
nstirnated receipts for tomorrow:
Wheat 800 cars; corn, q cars; oats. 200
cars; hogs, 1900 head.