The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-11
WHEAT HAIIENS OUT
In Anticipation of the Govern
ment Crop Report
DECLINE OF ia CENT
Coarse Grains Also Weak
Provisions a Nickel Lower.

Chicago, Aug. 1e-AIkicipation Of the
government crop report. issued this after
noon. completely fiatteRed out trading in
wheat today. and the pit was the dullest
in months. Pending its issue, there was
no disposition to trade either way. Wheat
declined lac. Coarse grains were weak,
corn declining s-S91-2c. and oats 1-4aS-sc.
Provisions closed &c lower.
The opening In wheat was tame. with
out any material change In price, Septem-
Der starting ct about 60 1-Sc. Domestic
receipts were small. and higher quotations
came from Liverpool. but the government
crop report was due this afternoon and
pending its issuance. traders were unwtll.
ing to get the market on either side. The
report was that the entire session was
marked by dullness that Is seldom equal
cd The intense heat also kept traders not
OF the pfs except when actually necea-
eary. September touched So 1-tc shortly
after the opening, The market hTctuated
lazaly between that Inquire and coo until
shortly aftes noon. when Il gradually
eagged. more from the dullness than from
anything bearish n the news, and the
close was weak az about the lowest point
OF the day, The government report was
expected to show q decline In the condi-
don OF sprlng wheat Of from TO points
and this fact perhaps prevented the mar
ket from developing more weakness than
1t did Minneapolis and Duluth receipts
were 15s cars. compared with 22e last week
and a q year ago Chicago receipts were
IS cans. Of contract grade Total pri-
mary receipts were So cars. eight Of con-
tract grade The primary receipts were
So. 600 bushels, against $4,000 bushels last
year. Atlantic port clearances amounted
to s., 900 bushels, The seatoard reported
80 loads worked for export, but the cash
demand here was slow. Crop reports In
the northwest were conflicting, but the
weather In that section was favorable
Some hail was reported IN North Dakota
were disappointing. September near the
and some Minnesota threshing returns
close declined to IS 7-Sc about put price.
Buying against those privileges steadied
the market but the close Was at the bot
tom. e9 7-Sc-
Corn was fairly steady early, but late
IN the session developed marked weak
ness Light receipts and a continued good
shipping demand sustained prices. Re
ceipts and a continued good shipping de-
mand sustained prices Receipts were Sz3
CARS About 10000 bushels was worked
here for shipment. Belief in q bearish
government report, and favorable crop
reports. with the late weakness Of wheat.
broke corn after noon. scalpers selling
quite freely. The close was weak at about
bottom figures September ranged from
30 5-sc to 81 lac and closed 3-Sa1-ac lower
at 80 5-sasO 3-4c.
Oats were dull and weak Commission
house selling was a feature, apparently
for country account Tho cash demand
was only fair. 5000 bushels being taken
here for shipment. Receipts vera 71 cars.
Indications favored a larger movement
next week and this and sympathy with
other grain markets were the influences.
September ranged from 2Oc to e 1-2c, and
closed 1413-Sc lower at 10 5-sc
Provisions. though rather flrf during
the morning, went to pieces in the after
noon and closed at declines all around.
There was an improved cash demand and
this helped the market early, but sym
pathy with the grain market started
general selling movement late IN the day
and the decline was not recovered. At
the close September pork was SC lower at
$S.2oG$S.2 1-2;septenber lard lease low
er at SIT 1-2 and September ribs SC lower
at A.s59$.T Ia
Estimated receipts Friday: Wheat 80
cars: corn 2S3 cars; oats SO cans; hogs
Is, 900 head.
GRAIN AND PRODUCE Markets.