Omaha daily bee., 1899-08-27
COMMERCIAL and FINANCIAL
Wheat is Weak All Day and Closes at a
Decline of Over a Cent.
WEAK CASH MARKET is ALSO A FACTOR
Corn IL Decidedly slow for September
and Easy for other Futures
Oats Are steady and Pro-
visions Very Dull.

CHICAGO, Aug. 26.-Wheat was weak all
day today and closed at declines of rs for
both December and September. The north
west was a large seller and the demand
was too light to absorb offerings. The
weak cash market was also a factor. Corn
declined %qdzc for September, but closed
only a shade lower for other months. oats
declined SAKE and provisions 5a7Ikc.
Wheat opened weak at from kc to %c
decline. Most of the trading was in De-
cember, but September was given consid-
cradle attention and developed fully as
much weakness as the later month. Be-
yond a decline at Liverpool and ideal har-
vesting weather in the northwest there was
nothing at first to influence selling. Never
theless, the inclination to liquidate was
' quite general and but little support was
given the market except from shorts, who
early In the day bought in considerable
quantities. The northwest was even weaker
than the local market and this soon be-
came a prominent factor, heavy selling or
ders coming from that section, which in
duced LIQUIDATION by local longs and also
brought selling orders through commission
houses. The result was a steady decline,
then market rsrsiy,rgg getting n ! trb under puts and even Ten
cash market was badly out of line, bids be-
Ing generally less than 3!Ac oyer September
not accept. Later 1t was reported that sew
eral lots had been worked, but the effect
of this was offset, by advices from the
nv va 20 Nhhb lCaNiOl iCSCipbo NNiV
expected next week. This was discounted
by shorts, who sold heavily, and in the last
tom apparently dropped out of the market.
Northwest receipts today were 229 cars,
against 2S2 last week and 632 a year ago.
Chicago receipts were "a cars, 8 of contract
grade. Total primary receipts were 564, 900
bu., compared with 1863. 900 blu. last year.
Atlantic port clearanees Of wheat and flour
ported 3S loads worked for export. Worlds
shipments were expected to reach $4,000
bp' September n Sao, wheat t o 4p E AGaso 10, Lover sG
70h@7o5sc, where it closed. December opened
1sqhc lower at 73%@7Slku, declined to 72Nc
Corn was decidedly weak for September
and easy for other futures. The demand
for September from shorts, the feature of
September was for sale in a moderate way
all over the pit. Receipts at primary points
wei, Larger and e countITy ss Offerings Ss more NOR lib .
houses. The cash demand was only mod
crate. Receipts were ola cars. September
ranged from Slk@Sl%o to sl%aS2c and closed
Oats, considering the weakness Of other
grain markets, was steady, the decline be-
light and receipts liberal, but mostly con-
signed straight through, so little increase IN
the stocks is looked for. Elevator people
ceptances. Receipts were 612 cars. Sep
TENDER ranged from 2O1sc to 2OAc and closed
" Provi SONS We're We eY' Dull and weak, influenced
a little by the decline in grain markets.
There was scattered liquidation by outsiders
and ~scalping longs sold a little. At the
decline packers were fair buyers of all
products and the market was steady at the
close. The cash demand for meats was
good. AT the close September pork was &C
lower at SS.25, September lard sc lower at
SITE and September ribs TIC lower at
s.. 121s. -,
Estimated receipts Monday: Wheat, 100
cars; corn, 500 cars; oats, $50 cars; hogs,
3S, 900 head.
Leading futures ranged as follows: