The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-01
DECEMBER is OFF
WHEAT FOR THAT MONTH DE-
CLINES THREE-EIGHTHS.
Large Danubian Shipments and an Increase
OF Nearly Four Hundred Thousand
Bushels, Against an Expected Decrease
of An Equal Amount, are Potent Factors
in the Market-Corn Slow and Weak on
Good Weather, Enormous Receipts. and
With wheat Oats Decline Slightly
Hogs Swamp the Provision Markets.

Hogs Swamp the Provision Markets.
Chicago, Aug. 31--Large Dannbian
shipments and an increase in the
worlds visible supply, where decrease
was expected, were sufficiently depress-
ing to wheat today to cause decline
OF q cents in December. Corn and
oats shared in the depression and closed
3 cents and Il cents lower respective
~. Provisions suffered from too much
hog and closed TO ~ cents lower.
Wheat at tn opening was rather
weak because of reminder IN the ca
bled Information regarding the worlds
shipments that they were about 1.0eO,-
600 bushels last week. as compared with
about 10000 bushels the previous
seven days. The heavy importations
of bold which had been provided for,
and the steadiness OF the foreign mar
kets, Notwithstanding the heavy ship
ments Of wheat and -four last week,
steadied the price at about Il cents de-
cline from Saturdays closing figures.
The absence OF any fresh buying or
derS from abroad or Acceptance of Of
fers cabled from this side on Saturday
brought the trade face TO face with the
fact that under present circumstances
the price is more than usually depend
emit upon what foreigners are willing 10
pay. December started at from 60ls
cents to 60 cents and gradually worked
down to 59%4 cents. but was fairly
steady again at about 60 cents at Il
o'clock The receipts here Were 2o1
cars, of which eight were contract.
Minneapolis and Duluth receipts were
S64 cars; owing TO the corresponding
M Ia CT ha1
day, no comparison of the two days re-
ceipts can be instituted. The Atlantic
clearances of wheat and -four reported
since Saturday were equal TO PAS. 600
bushels. The visible supply statement
was great disappointment to the bulls
and prices Were Immediately affected.
II showed an increase of 3S5, 900 bushels,
when decrease of that much more had
been expected. The total in sight is
1854. 900 bushels, against 35. 4SS. 900 bush
els a year aogo. The amount OF wheat
and -four on ocean passage increased
1.030.o 900 bushels. India only contribu-
ted 16, 900 bushels to the wees shipments.
The Danubian countries. however.
gave evidence Of having had good
crop. Their shipments were 1.9O4 900
bushels. compared with $4,000 bushels
on the previous week. Some inquiry for
CdSn wheat LOT shipment ucNtiOpt0 III
ring the day. but the elevator people
had evidently more use for it IN store,
than for sale to shippers. as those OF
them who named a priceaSked one cent
per bushel in store over the September
price for No. spring. The market was
rather heavier near the end. Deem
Der slipped quicyly to 591. cents, but
recovered 4 cents again. and closed at
59% cents.
Corn was Sow and weak all day. F'a-
vorable weather. exceptionally heavy
local receipts and the action OF wheat
were all depressing features, about the
only sustaining influences being de-
crease in the visible of 5000 bush
els, and shipments of 10000. September
opened Il cents lower, at 20A cents,
declined to 20s cents. and closed easy
at 2012 cents
Oats were slow and easy. but the de-
cline was slight. The general dull
mes and trade and the weakness IN corn
had a depressing eect. Business was
mainly in the way Of exchanging. Sep
TENDER opened about Il cents lower, at
1874 to 16 cents. declined to 15% cents
and reacted to IS cents, where 1t closed.
Provisions were handicapped from the
start by the enormous run of hogs,
This started prices at a sharp break.
This was mostly recovered later, but
another break occurred near the close
and final figures We're the lowest OF the
day. The weakness OF grain markets
was somewhat OF factor. September
poi closed 10 cents lower, at 5.52Iz:
September lard, cents lower, at $3.50,
and September ribs 12iz cents lower. at
s3.07iR.
Estimates for Tuesday: Wheat, 20S
cars; corn. $50 cars; oats. 40 cars: hogs.
Is 600 head.
VISIBLE GRIN SUPPLY.
New York. Aug. 31.---The visible
grain supply Saturday. August %. "a
compiled by the New York Produce
Exchange is as follows: Wheat, 1854
900 bushels; Increase, 3s5. 900; corn. 49,
S64 900 bushels; decrease, $4,000; oats,
5. 735. 900 bushels: decrease, 1900; rye,
l .6s9 900 bushels; increase. 5000: bar
ley, 10000 bushels; increase. 32.ooo.