The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-27
PROFITS IRE REAPED
In All Grain Markets, and in
Corn and Wheat
DECLINES ARE THE ORDER
Oats Unchanged, and Pro-
visions But Little.

Chicago, Sept 2s.-Proft-taking was the
feature of all the grain markets today
and material declines in wheat and corn
resulted. Oats closed unchanged. De-
cember wheat declined S-Sc and Septem-
Der 5-Sc. Corn closed lie lower. Provis-
ions closed with Insignificant changes
both ways.
Opening prices in wheat showed prac-
tically no change from yesterdays clos
ing figures. Trading was light at first
with the professional element inclined to
sell on the theory that the recent ad-
vance had about reached it's climax
while commission houses had fair buy
ing orders from the country. Early sta
tistical news was decidedly bullish, and
soon after the opening marked falling
off in offerings took place with an in
crease in the demand and a fair advance
resulted. Some nervousness was shown
by September shorts and the spread be-
tween September and December widened
at one time to 1 5-Sc. Rumors were cur
rent of a squeeze in September and an
increase of only 900 bushels in the
contract stocks tended TO increase the
uneasiness of shorts. Nevertheless the
professional element continued to sell,
and though offerings were well absorbed
for some time, the short selling and
profit-taking ultimately weighted down
the market, and in the afternoon prices
slowly declined. Primary 1ecefpts were
1196,000 bushels, compared with 1727, 900
bushels year ago. Bradstreet's report
on the worlds visible made the increase
3354090 bushels. This was much larger
than looked for, and the market soon af-
ter Its announcement became heavy, with
increased general selling. Liverpool was
strong and 3-S15-Sd higher. This had
considerable influence on the early
strength. December opened a shade low
er at 70 1-4G73 9-sc. 1t advanced irregu-
larly to 70 S-4c and later declined to 73c,
closing at that price. September sold be-
tween 74c and 70 1-sc, and closed lower
at 74c
Corn was quite active. The market
early was strong principally in sympa-
thy with wheat. There was plenty of
long corn for sale, holders of December
and May, especially, taking profits. Sep
TENDER was offered literally at 35c by
concerns supposed to be big holders. The
market was heavy late in the session,
with prices gradually declining under lib
eral selling. Receipts were LIS cars.
The seaboard demand was sharp. De-
cember ranged from 3Oc to 30 5-Sc, and
closed 1-2c lower at SOc. September rang
ed from S4c to S5c, and closed lie lower
at "a lie.
Oats in a general way followed other
grzn markets, with a good sized trade.
Early a good advance took place on good
general buying, but later proft-taking
which started when other markets turn
ed downward in loss of all the advance.
The market received support from the
heavy clearances last week, 100000
bushels, the largest on record. Receipts
were 279 cars. The cash demand was
good and 100000 bushels were taken here
for shipment
Provisions, in the main, were firm, with
fair trade. Heavy sales of lard for ex-
port were reported, which made packers
large buyers of the October product and
resulted in a steady market all around.
There was a disposition to sell January
on the small rallies. Liverpool reported
Cd advance on hams and bacon. At the
close January park was unchanged at
1913; January lard 1-2G5c higher at
s5.55Q5.57 1-2 and January ribs lie low
er at $50.
Estimated receipts Wednesday: Wheat
163 cars; corn, geo; oats, 223; hogs, 81, 900
head.
BRADSTREETS VISIBLE.
New York, Sept Especial cable and
telegraphic dispatches TO Bradstreet's
indicate the following changes in avail
able supplies last Saturday:
Wheat-United States and Canada east
OF the Rockies. increase 1,446.Gl0 bushels;
afloat for and IN Europe, increase $780,
900 bushels. Total supply increase 1885,
900 bushels.
Corn-United States and Canada east
of the Rockies, increase 5000 bushels.
Oats-United States and Sanada east Of
the Rockies, decrease 80, 90 bushels
Among the more important increases
reported to Bradstreet's, not given in the
official visible supply statement. are
those of $4,000 bushels at northwestern
interior elevators. 6O0,00 bushels at Mani
toba storage points 7ooo0 bushels at
Sioux Falls and 5000 bushels at Chatta-
nooga. The principal decreases are those
Of $4,000 bushels a Chicago private ele-
vators. $500 bushels al Milwaukee pri-
vate elevators. s2.450 bushels at Portland.
Maine and 5o0e0 bushels at Fort Worth.
The aggregate stock Of wheat held at
Portland, Ore, and Tacoma and Seattle,
Wash. increase 5000 bushels last week.
GRAIN AND PRODUCE MARKET.