The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-15
LIFE OUT OF WHEAT
Taken by the Prospect of a
Great thrush.
ABOUT IL CENT LOWER
September Corn Higher, Later
Deliveries Heavy.

Chicago, Sept 14-Heavy primary re-
ceipts and indications everywhere of a
rush of wheat this way took the life out
of wheat bulls today and depressed prices
about a half-cent. The impression pre-
vailed that there had been private set
Elements of all important September
shorts September corn was firm and clos
ed u cent higher, but later deliveries were
heavy. Oats closed unchanged and pro-
visions vhangecd to ~ cents lower.
Uncertainty in regard to the September
wheat situation made wheat rather fever
ish at the opening, and for a short time
really large business was done. Ca
bles we're strong and higher, and this and
yesterdays bulge in September due to the
elevator fight. gave a tone Of bullishness
to trading that waS reflected in slight op
ening advances in the deferred futures.
The bullishness gradually disappeared
when Weare, who was so prominent in
yesterdays September deal, was seen to
have considerable September to sell. This
at once relieved tn tension IN that re-
spect and the September premium, at one
time a half-cent over December, gradu-
ally disappeared altogether Rumors of
private settlements of September among
big shorts were current and that COVE
rise 10 the belief that the congestion had
been relieved The inclination among To-
cal professionals was apparently to SELL
and support came principally from the
outside, most of the commission houses
having buying orders early. New York
reported good acceptances of last nights
cable offers and the Northwest reported
an excellent cash demand, but the market
in a general way showed leavness until
the primary receipts were posted, when
positive weakness delivered. Total pri-
mary receipts amounted TO 1,3H 900 bushels,
about 800 900 bushels more than were re-
ceived a year ago The weakness was in
creased when Minneapolis and Toledo re-
ported Chicago elevator people buyers Of
cashe wheat in those markets, and dur
ing the latter part of the session a good
deal Of long wheat came intot the market.
Minneap polls and Duluth receipts were SO
cars, against 73e last week and 944 a year
ago Chicago receipts were 1F cars, only
one Of contract grade. New York report
ed thirty loads taken for export. Allan
tic port clearances Of wheat and flour
amounted to 1901 900 bushels. There was
little shipping demand for wheat here.
December opened a shade higher at 712s
d711k cents. 1t advanced to 714 cents,
then sold down to 702l cents, closing TO
1024 G707s cents. September opened at 72'G
TN cents, and declined to 7O7s cents, clos
ing y cent lower at us cents. Weare
was bidder for September late in the ses-
sion, which caused the rally in that op-
ton. Large purchases of wheat at south
western points for shipment to Chicago
were reported.
Corn was irregular and fairly active. A
feature was the strength of September,
growing out Of the recent strength of Sep
TENDER wheat and the small stocks Of
corn. which made shorts inclined to get
out. Prices advanced sharply early, but
heavy liquidation by longs followed, near
" all the advance being lost. The market
was rather easy late in the session. fol-
lowing wheat. Receipts were $50 cars The
cash demand was poor. business being re-
stricted by the high lake rate. December
ranged from 2S1a cents to 2S3aG2S7s cents,
and closed shade lower a 2S1ad2S5s cents
September sold as high as spa cents, and
closed one cent higher at 312s cents.
Oats were very dull and Independent
features were lacking. Prices were up Il
az cent al one time in sympathy with
other grain markets. but later this was
lost There was a capital cash demand.
Receipts were $40 cars. December rang
ed from 2g7sd21 cents ard closed uhchang- /
ed at 21l& cents.
The market for provisions was neglect
ed There was some firmuess early with /
the highH- hog market and the good cash /
demand, but the market sympathized with /
the late weakness of wheat and corn and /
the slight advantage was lost Most OF /
the light trading was in the January pro- |
duct. Weakness was more pronounced in /
October than in late deliveries. At the f.
close January pork was a shade lower at /
50 52l5d55; January lard unchanged at /
$5.47lk, and January ribs a shade lower at /
A95..
Estimated receipts Friday: Wheat rs
cars, earn SO, oats 3S5. hogs 1900 head.
GRAIN AND PRoDUCF MARKETS