The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-22
THREE-QUARIERS GONE
From the Prices of September
and December Wheat
CORN ACTIVE BUT WEAK
Oats Pretty Much Ditto, and
Provisions Lower.
CORN ACTIVE BUT WEAK

Chicago, Aug. A.-This was a day of
liquidation and short selling in wheat. In
provenent in domestic crop conditions,
large Russian shipments ana poor cash
demand made the weaker-kneed longs un-
load In considerable quantities. Corn
dropped s-I97-Sc for September on the i'm
proved crop conditions. Deferred futures
were not so weak. Oats declined s-Sc and
provisions 21-2 to u 1-2c.
Wheat started weak at q decline Of
about 1-Sc for both the September and
December options. between which trading
was about equally divided. Foreign mar
kets were higher. Russia, reported ship
ments Of over a million bushels. Domes-
tic crop conditions showed a big improve
ment and this more than anything else
Influenced for the time being the action
OF the market. Rains in the orthWest had
ceased and the weather was reported IDEAL
for the crop. AS a great deal of buying
was done last week on account of appre-
henston of damage from the rains, the
changed conditions brought wheat onto
the market in large quantities at around
the opening and resulted in more or less
liquidation all day. The visible supply
statement showed a disappoitingly small
decrease-S9.OO0 bushels istead OF the LOCO
COO bushels expected. The general cash
business was 50 mall a to affeot the
speculative market though bids were not
altogether out Of the way. as shown by
the working OF about 1000 bushels Of Kan
sas wheat and by reports of other small
lots worked up. The board reported %
loads worked for export. The bulls de-
rived some encouragement from COMPARE
son Of primary receipts with. last years.
Minneapolis ana Duluth receipts were 327
cars, compared with 2s1 last week and s3s
year ago. Chicago receipts were 135
cars, SO of contract grade. Total primary
receipts were 900 bushels, against ]. 4Os,-
600 bushels last year. A good deal Of sell
ing was done by the northwest, due to ex-
pected heavier receipts, and this affected
local traders. The market met stop-loss
orders when 1t got below puts, and though
there was considerable covering at the de-
cline. the market responded slowly to the
buping, and ruled heavy to the end. Sep
TENDER opened 1-Sc lower at ~ 3-sc II held
around nc for time. then slowly set
tied to n 1-2c, closing at II Csc. Deem
Der opened 1-sc lower at "a l-2fS-so and
declined to 70 1-2G5-Sc, closing at 70 $50.
Corn was quite active but weak. Crop
conditions were IDEAL and country accepa-
ances OF Saturdays offers were so free as
to demoralize the longs, bids for the cash
article being away out OF line. Prices
were irregular at the start, but sellers
were In majority, and heavy selling
pressure carried prices steadily downward.
September was particularly weak Re
ceipts were $50 cars. The visible de-
creased 2,216.OOO bushels September
ranged from 81 1-Sa1-4c to S21-4c and
closed 3-4G7-sc lower at 81 1-4d3-sc.
Oats lwere quiet and weak. The sttua-
ton was much the same as in corn. better
country acceptances and lower cash bids
weakening the speculative market. Re-
ceiving houses were sellers. Receipts were
heavy, IA cars. The visible increased 152..
600 bushels. September ranged from 10 SIC
to 20 Lie and closed Csc lower at 10 7-Sc.
Provisions were quiet and easy, with the
business largely in the way Of changing.
Yard receipts were liberal and hog prices
lower. and provision prives suffered in
consequence. The cash demand for meats
was light. At the close September pork
was 1922 1-2c lower at S. % 1-2; septem-
Der lard 5d7 1-2c DOVER at s5.171-2aao
and September ribs 21-2a5c lower at
s5.On-9d5.1O
Estimated receipts Tuesday: Wheat.
lS cars; corn, $50; oats, SO; hogs, 17Ooo
head.
New York, Aug. 1.-THE following Is
statement Of the visible supply Of grain
IN store and afloat as compiled by the
New York Produce exchanges: Wheat,
5s.GO.OOo bushels, increase 1Ts.OOO; corn.
7,6S3.O0. decrease 2.322. 900; oats, 4.SSo. O0O
Increase 152.oO: rye, 623.OO0 increase ST.
900; barley, 10000. increase 5000.