The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-27
Wheat Weak all DAY
Declines of ] f-8cent In Both
December and September
NORTHWEST A SELLER
Coarse Grains and Provisions
Close at Losses.

Chicago. Aug. 2s.-wheat was weak all
day today and closed at declines Of 1 1-sc
for both December and September. The
northwest was e large seller and the de-
mand was too Hight TO absorb offerings.
The weak cash market was also fac
tor Corn declined --SG1-2c for September
but closed only shade lower for other
months. Oats declined 1-sa1-4c and pro-
visions 5G71-2c.
Wheat opened weak at from Is TO s-sc
decline Most of the trading was In De
cember but September was given consid-
cradle attention and developed fully as
much weakness as the latter months. Be
yond a decline at Liverpool and ideal
harvesting weather in the northwest,
there was nothing at first to inauenceu
selling. Nevertheless. the inclination to
liquidate was quite general, and but lit
tile 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 became prominent factor,
heavy selling orders coming from that
section. which induced liquidation by local
longs and also brought selling orders
through commission houses. The result
was a steady decline. the market getting
under puts and even then receiving no
substantial support. The cash market
was badly out of line, bids being less by
half a cent for September for No. north
ern, which shippers would not accept
Later It was reported that several bids
had been worked, but the effect Of this
was Offset by advices from the northwest
that much heavier receipts were expected
next week. This was discounted by shorts
who sold heavily. and in the last hour
of the short Saturday session the bottom
apparently dropped out of the market
Northwest receipts today were 229 cars,
against go last week and ea2 year ago.
Chicago receipts were "a cars, Of con-
tract grade. Total primary receipts were
564, 900 bushels, compared with sS9.0O0 bush
els hast year. Atlantic port clearances
OF wheat and -four amounted to $4,000
bushels. The seaboard reported IS loads
worked for export. Worlds shipments
were expected to reach 100000 bushels.
September wheat opened 1-4da-Sc lower
at n 3-sc. It declined to 70 1-2c and react
ed to 20 1-2d5-ec, where 1t closed. De-
csmber opened 1-s91-4c lower at Is S-s91-2c,
declined to p 3-Se and closed at 70 1-2c
asked.
Corn was decidedly weak for September
and easy for other futures. The demand
for September from shorts, the feature Of
yesterdays strength, was absent today
and September was for sale in a moderate
way all over the pit. Receipts at primary
points were larger, and country offerings
more liberal. causing increased selling by
receiving houses. The cash demand was
only moderate. Receipts were 514 cars.
September ranged from 81 1-2Q5-sc to 81 7-s
@33c. and closed 3-Sd1-2c lower at 81 5-sc.
Oats, considering the weakness Of other
grain markets. were steady. the decline
being less than lac. The cash demand
was light and receipts liberal hut mostly
straight through, SO little increase in the
stocks is looked for. Elevator people were
moderate sellers against country accept
ances. Receipts were e13 cars. Septem-
Der ranged from 80 1-sc TO 20 Lac, and
closed 1-SGI-4c lower at 20 1-Sc.
Provisions were dull and weak, lnflu-
enced a little by the decline in grain mar
kets. There was scattered liquidation by
outsiders and scalDing longs sold 1T
tie. 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 Septem-
Der pork was &c lower at ss.25; September
lard sc lower at S5.17 1-z and September
ribs TIC lower at s5121-2
Estimated receipts Monday: Wheat, 100
cars; corn. 500; oats. $50: hogs. $500 head.
aRAKN AM PRnnIrn 2 NJ RnEr