The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-10-04
STILL THE IBANSVAAL
But 1t Is Now More Guessing
Than Betting.
LIQUIDATION IN GRAINS
Results in Losses in Every
thing But Oats.
LIQUIDATION IN GRAINS

Chicago, Oct. s-Uncertainty as to the
Transvaal situation kept grain markets
in nervous condition today, and result
ed in a good deal of liquidation. Decem-
Der wheat closed 5-S@S-4c lower; May,
SIC; December corn, Lie and May corn
1-Sc lower; oats unchanged TO a shade
higher. January pork closed 7c lower;
January lard 1-2Q5c under, and Janu-
airy ribs IS lower
Wheat opened easier, December at
IA 1-4q4 3-8c and May at II 1-san 3-Sc
Those who had rushed to cover during
Yesterdays scare sold moderately. Cables
were a disappointment, Liverpool up only
Lid, while consols showed an advance
An advance set in, following a report
that hostiIities had already begun. There
was strong outside demand and the
early sellers again bought to cover their
first sales Under this impulse Decem-
Der assembled to "A 1-2Q74 5-Sc. The ad-
vance was not held long. The nervous
feeling resulted in more selling and the
price slumped to opening figures. The
last advance of the day carried Decem-
Der to "a 3-4c, but this was also lost the
price sliding off to 70 7-Sc, the low mark,
and closed at 74c. The break was due
largely to the bank increase in north
west elevator stocks, $4,000 900, compared
with 3,493.00O bushels increase in Sep
TENDER Of last year. The announcement
Of this served as a signal for a lot of
selling, and the war news for the time
being was ignored. May wheat opened at
n 1-SQT 3-Sc, ranged rs 3-4G76 7-Sc to
n 3-4c, and closed at TIC. Chicago receiv-
ed 496 cars, of contract grade. Mime
apolis and Duluth received 1.130 cars. as
compared with 929 last week and ], 2O3 the
corresponding day of last year. Receipts
at primary points were L. S5, 900 bushels,
a decrease of $4,000 since last year. At
lantic port clearances in wheat and flour
were equal to 4450OO bushels. New York
reported 80 loads taken for export
Corn held strong the greater part of
the day. affected principally by the
Transvaal political crisis. At the open
ing December corn was a shade under
yesterdays close, at 30 1-4q3O 3-Sc. The
cereal responded to the war bulge and
sold for time at 30 3-4c, easing off in
sympathy with wheat and Hrge receipts,
and an increase for the week in contract
stocks of 1852, 900 bushels, closing at
80 1880 lac for December and 81 Csc
for May. Local receipts were 1,462 cars
The trade was quiet and the market gem
eral apparently led by no one.
Oats held firm, Influenced less by the
war news, and breaking less severely on
the turns. December oats opened a
shade under yesterday, at % 1-Sc. and at
one time was 1-4d3-Sc over yesterdays
close but this was lost and the close
was unchanged from the opening. The
general demand was good, and deferred
futures were especially strong. Receipts
were 4S2 cars. There was an increase in
the contract stock, of $4,000 bushels.
Provisions were dull market. a de-
creased stock of lard and ribs early
caused some buying but the market eased
off In sympathy with grain, and packers
sold. Hogs were down. January pork
closed &c lower at 1917; January lard 2@
sc under at s5.62q5.65 and January ribs
SC lower at $50.
Estimated receipts tomorrow: Wheat,
135 cars; corn, 625; oats 200; hogs, 5000
head.