The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-08
WHEAT IS VERY Dull
Large Visible Increase Is a
Bear Feature.
DECEMBER 1-4a3-8 LOWER
Crop News Weakens Corn
Little Change Elsewhere.
DECEMBER 1-4a3-8 LOWER

Chicago. Aug. z-Wheat was excessive
Iy dull today. and because Of that more
than Of any news, closed at about Lag
3-Sc decline. The large visible increase
was bear feature Corn was weak on
the new crop futures but steady for Sep
TENDER. the latter closing shade higher
while December declined 1-S91-4c. Oats
closed unchanged, provisions closed with
Insignificant changes.
The most prominent feature Of wheat
trading throughout the entire session was
its exceeding dullness. Interest In trading
never very great during the hot summer
months, dwindled to insignificant proper
tons today and the sum total of the
sessions transactions was hardly as
great as has frequently been seen dur
ing lively half-hour. Variations in the
price were confined to a range Of 3-sc in
September and but a shade over that
In the more distant futures. September
opened 1-S61-4c lower at So 1-Sc. Weather
IN the spring wheat belt was favorable
first, enough to put the price at sec. The
favorable weather was in a measure or
set by reports of disappointing yields
from various points and by bad crop re-
ports from European countries. A mod
crate covering ensued. carrying Septem-
Der to SO lac. Up to the noon hour the
price kept close to that figure, but after
that time the neglected market developed
more weakness, September getting back
10 SO again. This was put price. and
several little rallies occurred on buying
against these privileges but the support
was unsubstantial and the market in
variably worked back to the even figure.
The cash demand was again small and
New York reported only 20 boatloads tax
en- for export. Primary receipts con-
tinued large. the total being $4,000 BUSH
els. Minneapolis and Duluth receipts
were "a cars. against 535 last week AMI
13S year ago. Chicago receipts were 1s5
cars. IS of contract grade. Bulls derived
some encouragement from the fact that
the arrivals of new wheat were still com
paraively small. The visible supply
showed an increase of $4,000 bushels.
compared with a decrease last year of
$50. 600 bushels. This was perhaps the most
significant bear circumstance, and IL re-
suited in an almost total disappearance
of buyers late in the session. Worlds
shipments 10000 bushels, were about as
expected. Atlantic export clearances of
wheat and flour equalled $4,000 bushels.
September was bringing Gee at the close.
yrrffh
Of activity. The market opened weak on
the excellent crop conditions and large
crop estimates. The cash situation was
strong there being little for sale except
at higher premium than shippers have
previously paid. Septembershowed a sub
stantial advance at one time. The new
crop futures were sold more literally, and
later in the session September also weak
ened. practically all the advance lost
Country acceptances were almost moth
ing The local stocks decreased $500
bushels. Receipts were 413 cars. Septem-
Der ranged from 30 SIS to SIC and closed
a shade higher at 30 5-SG3O SIC. Deem
Der closed 1-sG1-4c lower at . 3-ST2s 1-2c.
Oats were neglected. The market was
Influenced almost entirely by corn, show
ing some strength early, weakening late
in the session. but closing fairly steady
The cash demand was good. about T75.009
bushels being worked here for shipment
Receipts were large. 5T cars. September
ranged from 10 3-SG19 1-2c TO 1e 5-sdl9 SIC
and closed unchanged at 10 1-2G19 5-sc
Provisions were duh but rather steady
in view of the break in hog prices, and,
through showing weakness early. recoy-
cred later and closed steady. The de-
mand for meats was good. Packers
were moderate sellers. At the close Sep
TENDER pork was 1-2c lower at sS47 IL:
September lard a shade. lower at $5.37 1-2
and September ribs a shade higher at
$50
Estimated receipts Tuesday: Wheat,
2O5 cars: corn. 65) cars: oats, SO cars;
hogs. 1900 head.
VISIBLE GRAIN SUPPLY.
New York. Aug. THE statement of
the visible supply of grain in store and
afloat on Saturday, August 3, as compiled
by the New York Produce Exchange as
follows: Wheat :7.C20oO0. increase $1,000
bushels: corn 1923 ooO decrease 10000:
oats 4.51l,0o0. increase IL %: rye 5000
increase 5000; barley $500 decrease u.s.
o.