The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-13
FROST
RULED MARKET
Shorts Were Prepared for the
News That Came.
REPORTED CORN DAMAGE
September and December
Wheat Both Lost,
REPORTED CORN DAMAGE

half the corn belt ruled the grain pits
today. While corn shorts largely pre-
pared for this sort of news, there was
a good upturn in the coarser grains early
and a good and active business was done.
Principally in sympathy with the corn
advice, wheat made fair early gains. The
outside situation, however. was weak;
warmer weather was predicted and while
some of the corn was reported damaged
81 per cent. longs in general took profits.
Most Of the corn gain was lost and wheat
under pressure, closed weak In the end
| September and December wheat both lost
/ sc September and December corn
gained &c and December oats lost 1sc.
Provisions closed 5G713c to 2oq2212c
higher.
So much precautionary buying in Of
short corn, had been done in anticipa-
ton Of the frost that the market was
bereft Of exciting features that otherwise
would have characterized the opening.
Killing frosts were reported in the Da-
kotas. Minnesota, Iowa and Nebraska,
and lighter frosts in southern Kansas.
At Spencer, Iowa, the damage was esti-
mated at 80 per cent. What was missed
in last nights frosts bid fair to be nip
ped tonight A big buying business start
ed early, led by commission houses. The
local crowd was somewhat against the
price and sold but the demand was good
and fair advances were registered early
Local receipts were improved, both in
quality and quantity and cables turned
trine better While most of the local
crowd wanted early profits, it was nearly
mid-seson when the outside began TO be
affected by the advances and at that time
highest prices were reached. However,
the late liquidation and predictions for
warmer weather after tonight's probable
frosts Topped off much of the corn gain.
May was strong and the street close
strong &c up at Aisc. The neared options
were supplied To the shorts in sufficient
demand that the belief that the frost
scare was passed. trades allowed prices
to close at barely firm figures. Septem-
Der sold as high at s011c and closed 14c
ur at e0c. December sold at 44izc and
closed &c higher at 437sd44c. Receipts
were 21S cars. 50 of contract grade.
Wheat made some advances early in
the day in sympathy with the corn bulge.
but after a fairly heavy business, the
pit turned heavy and the close was weak.
AT the uotset buying was general, under
the lead of a big elevator and the COM
mission houses The frost northwest.
the continuance of some spring move
ment and good cIearances were the other
bullish incentives. After the initial
upturns, the early buyers turned quiet
sellers and the gain. and more besides,
was lost English cables were lower. but
the Continent held firm St. Louis was
a fair buyer here Inasmuch as the corn
market was the leader, the clearing
slump in wheat was attributable TO some
extent TO the late ease in corn. Deem
Der opened hQ4c to &Gisc up at $3.50
to e97sc sold to CSC and closed weak sc
lower at 69d69ikc. September sold from
7iikc down to a weak close sc of at 1850.
Local receipts were $50 cars, of contract
grade Minneapolis and Duluth reported
e8 cars. making total for the three
POINTS OF Ss7 cars. against SIS last week
and Liza year ago. Seaboard clearances
in wheat and -four equalled $4,000 bush
els Primary receipts were 1.1l20O0 bush
els. compared to l.47s,oOO bushels last
year.
Oats had only a small share Of the in
terest today. corn lettering largely from
this pit There were no prominent feat
ures and the early advances were purely
sympathetic. There was a small demand
for cash stuff. Scattered selling broke /
away the slight early Improvement and /
prices closed easy. December sold be-
tween s17sc and Sl14c. and the close was !
sc down at $3.50. Receipts were 2ls cars,
S Of contract grade.
Provisions ruled strong. under the in |
fiuence OF the advancing hog market. |
on the rise there was considerable selling /
which caused some reactions the pit. |
however. was bullish on the cold weather /
and higher corn. The trade was good at |
times, though it was principally local |
May pork closed 2oGZlsc up at sI522is;
July lard closed 15c higher at sSe2Iz and |
January ribs sac Up al S7.s71s
Estimated receipts for tomorrow: Wheat 1
10 cars; corn. 2l5 cars; oats. Is5 cars: /
hogs, 1oe0o head.
GRAIN AND PRODUCE MARKETS. /