The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-05
WHEAT MARKET FIN
On the Delay in Pulling Off
the Iransvaal War.
EXPORT DEMAND SHRINKS
Coarse Grains and Provisions
Show Losses.

Chicago Oct. 4-Delay in the expected
outbreak of histiiities in the Transvaal
fattened the wheat market badly today.
Failing off in the export demand was also
a feature. Coarse grains were. affected
somewhat by high ocean freight, corn
closing 1sG7s cent lower, and oats Aq9s
cent lower. Provisions declined about
212q5 cents. Weakness marked the open
ing in wheat. There was sharp drop in
the Liverpool market, consoIs were up Is
of point, while the delay in the expect
ed outbreak of hostilities between the
Beers and the British was taken TO in
dictate that a peaceful settlement was not
altogether improbable.
December wheat opened at 70 3-Sq1-2
cents, decline of IS cent from yester-
days closing price. This was well into
put price, and considerable buying against
those privileges resulted. This and a
certain amount of buying by scalpers con-
stituted about all the support the market
received, and though 1t was heavy
enough at first to cause a reaction in the
December price to 70 5-s cents, the mar
ket became very heavy as soon as the
demand from that source had been sat
isfied, and prices declined slowly but
steadily. There was some selling in this
market by seaboard operators, indicating
a let-up in the foreign demand for Amer
lean wheat, and this increased the heavi-
ness. The market was at its weakest to-
-Lo of 1ao or
of demand than from selling pressure, as
shorts were apparently averse to pushing
their advantage in the face of so sudden
and material decline. Minneapolis and
Duluth receipts were 926 cars, against 799
last week and loo year ago. Chicago
receipts were ISL cars, five Of contract
grade. Total primary receipts were 1,S1l,-
900 bushels, compared with 1,946, 5000 bush
els year ago. Atlantic port clearances
of wheat and -four amounted to $4,000
bushels. The seaboard reported 30 loads
taken for export. December declined to
70 cents and closed weak at 70 1-8 cents.
Not much was done in May. 1t followed
December in the decline and closed 7-Sq1
cent lower at 76G76 Is cents.
Corn was dull and rather weak and
prices ruled slightly lower. There was
some sympathy with wheat. The ad-
vance in ocean freight rates was expect
ed to initiate against export business.
and had its effect in the speculative mar
kets. Receipts were light, $50 cars, and
country served to eshrdlauoinhuadsnliro
reports of diminishing supplies in the
country served to support the market to
some extent December ranged from 80
cents to 80 IA cents and closed Is cent
lower at 90a30 Is cents. May was sold
freely by recent purchasers and was
weaker than December. 1t ranged from
81 cents to 81 3-S cents, and closed LAO
3-S cent lower, at 31031 is cents.
Oats were slow and weak. The advance
in ocean freight rates, affecting the cash
business, and sympathy with other grain
markets. were the factors, and prices
ruled lower from the start. There was
considerable profit-talzing by recent pur'
chasers. Receipts were 21S cars. Deem
her ranged from % 7-S cents to 23a2S l.
cents. and closed IA cent lower at Y $50
% cents. Elevator interests in genera
were sellers.
Provisions were slow and heavy within
narrow limits The hog market was wear
and there was some sympathy with th'
grain weakness. Packers were moderate
sellers all day About the only supper
the market received was from shorts. A
| the close January pork was Il cent?
lower at 1913; January lard cents lowe
| at s57 1-265. 60, and January rtos
/ shade lower at s5.O7 1-2G5.1o.
r,.;r,o+od raceipts Thursday: Wheat
rs cars. corn, $50 cars; oats 25o cars
! hogs, 80, 900 head.
...~ .ED pK,D.JUE MARKEr.