The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-01
Dull IO SIACNAIDN
Is Wheat, With No Material
Changes in Value
'0F DEFERRED FUTURES
September and Corn Lower
Other Markets Unchanged.
OF DEFERRED FUTURES

Chicago. Sept. 3O.-An the grain and
stagnation, and no material changes in
values of deferred futures took place.
September wheat and corn were in pro-
cess Of liquidation by long interests and
declined sharply. The closing of the New
York exchange had a narrowing effect
on trading. September wheat closed sG
1c lower and December a shade lower.
September corn declined rs and Deem
Der lsc. December oats closed unchang-
ed. Provisions closed unchanged.
Another slight rise in wheat at Liver
pool, Notwithstanding yesterdays decline
In this market, caused wheat to open
firm and at a fractional advance. The
action at Liverpool indicated that traders
in that market took a more serious view
Of the Transvaal situation, and caused
a moderate covering movement among
local shorts. There was also some out
side buying through commission houses.
Besides the strength at Liverpool, the
market was helped by the continued light
receipts at primary points. The impress
sion apparently prevailed that receipts
will continue TO run much lighter than
a year ago, and though there was mod
crate amount of realizing at the opening
advance, only a slight reaction. resulted
at the time, and prices quickly recovered
The market was, in the main, a scalping
one, and the bear element, timid at the
recent strength of the market under
rather adverse conditions, was inclined to
cover all short contracts over Sunday,
fearing was developments in the Trans
wall Traders who sold yesterday were
prominent in the buying. The strength,
however, was confined to the deferred fu-
lures. September shorts had apparently
been well filled up, and moderate offer
ings by long interests resulted in a sharp
break in the price of that option. 1t sold
at one time at 1Ac discount under De-
cember. Winter wheat points reported
an excellent milling demand. Toward the
close there was increased selling on pros
poets of a large increase in the visible,
and the slight advance which had prevail
ed soon disappeared. The close was rath-
er heavy. Minneapolis and Duluth re-
ceipts were SIC cars. against 1855 last
week and 1,277 year ago. Chicago re-
ceipts were 300 cars, . of contract grade.
Total primary receipts were 1,249, 900 bush
els, against 1892 600 bushels year ago.
Atlantic port clearances of wheat and
flour amounted TO 1000 bushels. The
visible is expected to increase about g.
O0O 900 bushels. December opened Is to Ac
higher, at 1870. 1t sold at 1850, then ad-
vanced TO 737sc, and declined to 7319c,
where It closed. September declined from
721.172%c at the opening, to 7112c, and
closed 7sG1c lower at 715sc
The feature of dull session IN corn
was the weakness of the September op-
ton, which declined 15sc under liquida-
ton by prominent long interests. The
demand was light shorts having appar-
emily covered thoroughly and prices were
easily affected. A heavy increase in 10
cal contracts is looked for, and this af-
fected speculation. Deferred futures were
rather steady early with wheat, but later
followed September downward, the mar
ket closing heavy. The shipping demand
was fair, considering the New York hoi-
day. Receipts were 1,2S9 cars. December
ran ged from 297sc to 501sc, and closed sc
lower, at 297sc. September closed at
311sc.
oats were quiet and firm. Shorts were
bidders for September and advanced the
price of that option about a cent at one
time. but the Improvement did not hold.
Deferred futures kept within a narrow
range. The market showed dropping
tendency late in the day, offerings being
freer at the advance. Receipts were 81
cars. December ranged from 22ac to &c,
and closed unchanged at 2275c. September
closed &c higher at 221zc. The cash de-
mand was moderate.
Trading in provisions was mainly In
the way of changing. The opening was
slightly lower in sympathy with a rather
weak hog market, and kept with slight
discount most Of the session, Packers
were the chief sellers. The cash demand
was not 20 good. At the close January
pork was unchanged at $40; January
lard a shade lower at S5.60q5.621z and
January ribs a shade lower, at s5.Vi42Q
6. 10
Estimated receipts Monday: Wheat,
245 cars; corn, 1850: oats, 40; hogs, 5000
head.