The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-29
WHEAT FORCED DOWN
Heavy increase In Northwest
Wheat Arriving.
DECLINE OF HALF A CENT
Corn Weak and LoWer--0atS
and Provisions Irregular.
DECLINE OF HALF A CENT

Chicago. Aug "a heavy increase in
the arrivals of new wheat in the north
west was taken advantage Of by elevator
people and professional bears today to
force wheat down and the market closed
weak at about 1-2c decline. September
corn was weak on renewed liquidation.
and closed S-Sc lower. More distant flu
lures closed about 1-sc lower. Oats de-
clined 1-sc for December and closed IN
changed for September. Provisions clos
ed unchanged to 1-3c higher.
For a good part Of the morning wheat
was fairly firm at a slight advance in
prices. Liverpool showed but a small
opening decline and more than recovered
this before the close there. A more i'm
portant consideration was the small
worlds shipments and more particularly
those from Russia, whose large exports
last week were an important factor in
causing a downward turn to the market.
Russia this week reported shipments of
499 900 bushels, the total worlds shipments
ceipts were larger, but not enough to so
bearishly affect the market. Minneapolis
and Duluth reported arrivals Of Ss9 cars
against 3z7 last week and $50 a year ago.
Chicago receipts were 116 cars, q OF con-
tract grade. Shorts were the best buyers
at the top notch. Northwest and other
outside markets were weaker than this
and some pressure was put on the market
by professionals and elevator people for
this reason, which caused a temporary
decline. September opened 1-'cd3-sc high
er at 20 rs and declined 10 20 1-2. Dec
ember opened 3-sd1-2 higher at 20 rs and
declined to 20 1-2. December opened SIS
d1-2 The decline was stopped by the an
nouncement that the visible supply had
decreased 1,517, 900 bushels and the slack
ening in the selling pressure coming at
a time when shorts were covering, prices
advanced again. September getting to 20
7-S671 and December to 73. These proved
the highest points of the day. a period
Of comparative inactivity followed, but be-
fore noon the market turned decidedly
weak on the reported arrtva Of 300 ears Of
new wheat at Duluth, and by much more
favorable threshing returns from the
northwest. Elevator people and profess
sional bears were not slow to take ad-
vantage of this, and pounded the market
persistently from then until the end Of
the session. December finally declined to
Il rs and September to zoe. There was
on the part Of shorts to cover
at these figures. and a slight rally oc
cured. but the general feeling was weak
to the close The seaboard reported a
large export business on the break, but
the cash market here was poor. Atlantic
port clearances amounted to 26s.0O bush
els Total primary receipts were $4,000
bushels compared with 1.2S1,OOO bushels
last year. New York put the export en-
at 20 loadR. September closed
at 7Od7o LIS and December at q bid.
Corn was weak for December. but steady
for December and May. There was scat
tered liquidation OF September all DAY,
but most of the selling was done by ele-
vator firms, which was taken to indicate
heavier country offerings. Crop reports
continued favorable. Receipts $40 cars.
September ranged from 80 7-sd31c to 81
3-SdS1 81 and closed 5-Sc lower at Sic
sellers. December closed 1-Sc lower at Is
pc
The speculative market for oats was al
most a standstill. The market was a lit |
tie easier. In sympathy with corn. but
trade was too small to admit of material
changes In values. Offerings were freer
from the country and most Of the selling |
N the speculative markets came from the |
outside and from elevator people. The |
cash demand was tame. Receipts were
;1s cars. September ranged from 2OG20 Is |
md closed unchanged at 20T2O Is. De- |
,ember closed is lower at 10 IS. The |
market for provisions was firm but dull. |
Receipts OF hogs was moderate and large /
decreases in stocks were reported, par !
.icularly of ribs. which led the firmness
n the speculative market. Packers were
good buyers Of lard and ribs. At the close
September pork was unchanged at S.25; /
September lard 1-2c higher at SIS and |
ribs 1-2 higher at $50
Estimated receipts tomorrow: Wheat
20 cars: corn $40 cars; oats 40 cars; hogs
1000 head
GRAIN AND PRODUCE MARKETS.