The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-06
SEPTEMBER Is HIGHER
But the Deferred Wheat
Futures Decline.
HOT WEATHER FOR CORN
And Prices Advance--!3 rovi-
sionS are Higher.

Chicago. Sept. 5.-weakness in the
northwest and heavy receipts at sill points
were mainly responsible for declines OF
1-Sq1-4c in deferred futures in wheat to-
day. September was In good demand and
closed 1-sc higher. Hot weather caused an
advance Of 1-4d3-sc in corn. Oats closed
unchanged TO Lac higher and provisions
about TIC higher.
The first impulse Of traders In wheat
was to buy, slightly higher quotations
from Liverpool and other foreign markets
overshadowing for the time being the
heavy receipts everywhere. The result
was an opening advance of about 1-S9
1-4c in December and lac in Septem Der,
December starting at II S-Sa1-2c and Sep
TENDER at So 7-sc. A short period of real
izing followed, during which December
declined to II 1-sc but the steadiness dis
played by corn and some rather bullish
reports on the condition of the spring
wheat crop sent the price back to the
opening figures, where they held for a
short time. Everything else In the way
OF news favored the selling side, and be-
fore IL o'clock the market began to weaken
and from that time to the close deferred
futures exhibited more or less weakness.
September, however, was quite steady.
The, elevator people were buyers Of Sep
TENDER on account of tn small carrying
charge, and the premium between Sep
famhAr and naQov1ahor -
lac. Marked weakness developed in the
northwest anda good many selling orders
came from that section, which influenced
local trading. Both Duluth and Minneap-
oils declined faster and further than Chi
cago, and predicted a continuance OF
heavy receipts. This, with the poor cash
demand. had a marked influence on trad
ing in December and May and made those
options the object Of considerable liqui-
dalton and short selling. Speculation at
times was nearly at a standEstill, which
made the cash weakness more apparent.
Toward the close there was a tendency
to cover by shorts who had sold earlier
in the day and this caused slight rallies.
and Duluth receipts were 200
cars for two days. Chicago receipts were
253 cars. Total primary receipts were 2,021,
coo bushels for two days, against 3O5g.0Co
for the corresponding days a year ago.
Atlantic clearances of wheat and flour
am mounted to 1,19s.OO0 bushels. The sea-
board made no mention of export demand
today. December declined to 70 3-4c and
advanced to 71Q1-sc, where it closed. Sep
tember closed at So 3-4c.
Corn showed considerable hrmness In
vie wof the enormous crop estimates, and
after a period Of weakness early, ruled
higher 10 the close. The weather IN the
corn belt was dry and hot. and there was
apparently some apprehension Of damage,
complaints of which were numerous. Sep
tember was especially strong. The cash
and export demand was excellent. Re-
ceipts were 1900 for two days. December
ranged from 2j 5-sc to % 1-Sc and closed
IL 3-sc higher at 29I1-Sc
Oats Were steady but very dull, prices
keeping within a narrow range. The
market in general followed corn and
closed at a slight advance. There was
some buying by September shorts. The
shipping demand was fair Receipts were
40 cars. December ranged from Gal-4c,
and closed shade higher at 20 1-Sc. Sep
-ember closed 1-4c higher at 20 5-sc
Provisions were steady, Notwithstanding
over cables and reports of yellow fever
Eases at Key West. Selling was light and
and the demand fair. The |
strength of corn helped the market, every |
hing closing firm at advances At the |
lose October pork was Tie higher at
S.12 1-2; October lard Tie higher at
$50. and October ribs 71-2d1Oc higher al
5 .2od5. % 1-2.
Estimated receipts Wednesday: Wheat, |
80 cars; corn, $50; oats, $50; hogs, 2. 900 |
lead
VISIBLE GRAIN SUPPLY.
New York. Sept. 5.-The statement Of |
he visible grain supply in store and afioat |
as complied by the New York 1
-roduce Exchange is as follows: Wheat |
4S71.OOO bushels, increase 1900: corn |
$4,000. decrease 235.0OO: oats 5.OsGOoO. in
rease 27s,OOO; rye $4,000. decrease $500:
,arley $4,000. increase $4,000.
GRAIN AND PRoDUCE MARX srj.
Chicago, Sent. 5-The leading futures