The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-02
PROVISIONS UP FRONT.
Yellow Fever Reports Bring
on Heavy Liquidation.
COARSE GRAINS STRONG
December Wheat Lower and
September Unchanged.

Chicago, Sept. 1.-The provision market
had the front Of the stage on Change to-
day. Reports Of yellow fever in the south
brought flood of liquidation in meat
products and resulted in declines Of 1-2d
zoe. Corn and oats were strong, corn on
the dry hot weather. Corn closed 1-Sc
higher and oats 1-SG3-sc higher. Wheat
suffered from lack of interest and closed
1-Sc lower for December but unchanged for
September.
The most prominent feature Of the days
session In wheat was the extreme dizziness
Of trading, and to this more than anything
contained in the news was due the slight
decline which marked the close in the
leading speculative option. The market
was a shade lower at the start In both
September and December. the rsult Of
lower quotations from Livrpool. There
was, however, little selling Of conseq-
uence. Deliveries on September contracts
were heavy, Armour putting oct about
10000 bushels, but this had apparently
been discounted by traders, for 1t had lit
Der were in the hands Of several commits
sion houses. December opened a shade
lower at II 3-4c, and sold at n 5-Sd3-lc.
September opened a shade lower at So 1-2
G5-Sc. The market held at about those
prices for some time, with but little trad
ing either way. A short period Of COM
parative strength followed, the market
reversing the usual order Of Things, fol-
lowing the lead Of coarse grains, which
showed considerable strength. But before
noon the lack of interest had turned
prices downward. It was mostly scalp
ers' market after that time, and based
chiefly on puts and calls. Bears did little
Until longs got loaded up. but after .l'at
they put pressure on the market at III
tervals and succeeded In shaking out long
wheat in some quantities and caused a
slow decline in prices. There was not
much export inquiry and the local cash
business was slow. This affected the spec
ulative market to some extent. North
west receipts continued to increase. Mn
neapolis and Duluth reported 565 cars,
against 209 last week and 946 a year ago.
Chicago receipts were 40 cars. 5 Of con-
tract grade. Total primary receipts were
$4,000 bushels. compared with 1,1i7.OOO
bushels year ago Atlantic port clear
ances of wheat and -four aggregated 49,
900 bushels. New York put the export
engagements at % loads. The demand for
September kept that option firner .han
deferred futures. It advanced to 20 lac,
then declined to 60 1-2c and closed I'M
changed at SO 5-sc. December declined to
n 1-2c and closed Lac lower at II 1-2
a5-sc.
Corn was firm and slightly higher all
day. Continued dry hot weather was re-
ported in the most important corn-produc- |
Ing states, and fears of damage made the |
market independent Of wheat. There |
were no deliveries in September contracts. |
and the cash and export demand was
good, all of which helped in the flrmness. |
Receipts were 500 cars. December ranged |
from IS 1-2 to IS S-4d7-sc, and closed 1-sc |
higher at IS S-4c. September closed 1-Sc |
higher at &c.
Oats were higher an around, September |
especially developing strength. Shorts |
were good buyers OF that commodity and |
prices advanced materially. There was |
cember and May and some Of the eleva- |
tor people were good buyers. The ship |
ping demand wa sgood, and there were /
no deliveries of September. The strength |
Of corn affected oats considerably. Receipts /
were 4e7 cars. December ranged from
10 s-4d7-sc and 2Oc and closed I-sd1-4c |
higher at 10 7-Sd2Oc. September closed IA
d3-sc higher at 2Cc.
Provisions were decidedly active and |
weak. Official confirmation Of the re-
ported breaking out OF yellow fever at |
Key West caused liquidation from all |
quarters and flattened out prices OF pork |
and ribs. Lard did not suffer so much. |
Lower hog prices contributed to the weak
ness. Packers were moderate sellers. Az
ne close October pork was q Lee lower az
500 1-2. October lard &c lower at S. 2O1
2 1-2 and October rfbs 1Od12 1-2c lower at
s. 10G12 1-2. Similar declines were record
ID IN September
Estimated receipts Saturday: Wheat.
g cars: corn, $50: oats AS; hogs, 1900
head
GRAIN AND PRODUCE MARKETS.