The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-01
BREAK N PROVISIONS
That 0vershadows Consider
able Declines in Grains.
YELLOW FEVER REPORTS
Cause the Slump in the Pro-
vision Markets.

Chicago, July a1-Yellow fever brought
Generalization to the provision market
today and caused a break that has not
been equalled in many day. Pork de-
clined 81 lie. lard Il 1-292Oc and ribs Esq
q 1-2c. Grain markets were ali weak on
favorable crop conditions. wheat decIin-
ing lac corn 5-Sc and oats 1-Sc for Sep
TENDER. July oats, alleged to be cornered,
showed a decline of lie for this, the
last day of the month.
With almost everything favoring lower
prices at the opening, wheat started at
decline Of full cent for September. that
option opening at 81 7-S97Oc. In the
course of the first half-hour's trading a
further slight decline took place, Septem-
Der touching So 3-4969 7-Sc. Liverpool
showed a decline OF about Lad, while
continental markets all showed weakness.
Foreign advices all told of favorable crop
conditions throughout Europe. Domestic
conditions were also favorable Frost had
been apprehended in the northwest, but
the weather was reported as exceptionally
favorable, with crops In many localities
already out Of danger. Worlds shipments
were put at 1880 600 bushels, compared
with $3.50 90 bushels a year ago. North
west receipts continued liberal, Mime
apolis and Duluth reporting $50 cars,
against 56s last week and N a year ago.
Chicago receipts were 102 cars, Z Of con-
tract grade. When the visible figures
were announced. showing an unexpected
ly small increase of 5000 bushels. the
market became notceably stronger. re-
covery to zoe taking place in September.
The rally did not hold out long. Export
demand was light, New York putting the
engagements at but is loads. Total pri-
mary receipts were put at $4,000 bushels.
Atlantic port clearances squalled $4,000
bushels During the afternoon the mar
ket became very weak again on rema--
kably small amount of trading. Longs
who had withstood the pressure during
the morning. weakened when the price
again got below 70c and offerings from
that source caused a gradual decline TO
50 3-sc. The close was weak at CO 5-S9
SIS 3-4c for September.
Corn in the main followed wheat and
acted weak al lday. closing at the bot
being favorable, receipts large and for
eIgn markets weak. There was scattered
liquidation all day. Receipts were 6S1
cars. The seaboard reported engage
ments of 5Oloads. September ranged from
80 "a to 81 1-sc and closed 3-sc lower at
30 SIC.
Interest In oats conferred in the July
deal. and heavy selling by elevator in
terests and country receivers caused a
steady decline in the option alleged to
have been cornered, the close showing a
loss OF 1-2 cents. Shorts were the only
buyers. and they took hold sparingly. Re
ceipts were liberal, sS4 cars. S17 cars Of
contract grade Distant options were
weak in sympathy but so little traded in
that only slight declines resulted. There
was a good cash demand. July opened 1c
lower at &c and closed at 20 1-2c. Sep
tember ranged from 10 to 1s 1-S91s LAC
and closed l-Sc lower at 70 1-Sc.
A yellow fever panic ragged in the pro-
vision pit. and the market was in badly
demoralied condition all day. All classes
of holders sold at the best prices they
could get, and as the demand was light
at all times, prices melted away with re-
! markable rapidly. The market opened
weak and lower for~all commodities and
under steady selling pressure ruled weab
to the close. Liquidation was mostly
from the outside, commission houses lead
ing in the selling. At the close Septem-
Der pork was 81 1-2c lower. az sS.25; Sep
TENDER lard II 1-2d2oc at 1922 1-2; Sep
TENDER ribs 25d27c lower. at $40.
Estimates for Tuesday: Wheat 16
cars: corn. rs cars; oats. 500 cars; hogs
| Is ,0o0 head.
VISIBLE GRAIN SUPPLY.
New York July S1-The statement OF
the visible supply of grain in store and
| aloat on Saturday. July %, as complies
| by the New York Produce Exchange is
as follows: Wheat 3s,5l2,ocO bushels. IN
crease $4,000 bushels; corn 11.6tN.e5) bush
| els. decrease 1.72i.O00; oats 3.7s4.00 bush
els. decrease $4,000: rye $1,000 bushels, de
crease 24.oOo: barley $4,000 bushels, de-
crease 27e, eo0.
GRAIN AND PRODUCE MARKETS.