The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-23
LIQUIDATION and RAIN
Are the Two Ends of the Sep
TENDER Wheat SeeSaW'
ADVANCE OF AN EIGHTH
Is the Net ResuIt--Corn a
Quarter-Cent Lower.

Chicago. Aug, 2-September liquidation
was the feature of the wheat trading to-
day. 1t was heavy enough to cause q
decline of 3-4c one time Renewed rains
in the northwest alarmed shorts and
resulted in the recovery of all but 1-sc
higher. Country liquidation cut Lie OF
the price of corn. Oats held up well and
closed about 1-Sc higher. Provisions made
unimportant changes both ways.
Some weakness was shown at the open
ing in wheat. Both the September and
December options opened about -1Sc lower
and showed a declining tendency. The
weakness was not so much the result Of
trading. Spectators appeared to be in
the market more from a sense OF duty
than from the hope Of securing profits
or saving losses and the first half-hour's
trading was remarkably well. Then a
pronounced September liquidation move
ment set in, which lasted well into the
afternoon; and resulted in widening the
spread between the September and De-
cember options to $500 1-2c. A good
deal of the selling of September was done
by the northwest, apparently against
liberal country receipts and though pri-
mary receipts continued to be smaller in
amount than those of last year. expec-
tstions Of an increase had some effect on
local spectators and broadened the liQui-
dalton. Attention was also directed to
the relatively greater weakness Of wheat
at New York than here. There was some
bids for cash wheat here but prices were
about lac out OF line. as a rule. and little
business was done The seaboard report
ed only moderate engagements for export.
Clearances were 1900 bushels. Mime
apolis and Duluth receipts were 2S6 cars,
against 20S last week and 574 a year ago.
Chicago receipt were 124 cars, of con-
tract grade. Total primary receipts were
524O00 bushels, against $4,000 bushel last
year. During the afternoon the tone of
the market changed. The September price
had been forced below put figures and
the tendency to cover shorts was streng-
thened by reports of renewed rains in
the northwest, and by foreign advices
that the draught in India was worse than
ever. September liquidation ceased and
the market took on considerable strength
late In the session, resulting in a recov-
cry of nearly all the early loss. Brad
streets reported the worlds visible de-
crease at 1.755,0OO bushels. The seaboard
late In the day reported 81 loads for ex-
port. This helped in the advance. Sep
TENDER opened at Il 3-Sa71 $50, declined
to 70 7-Sc and reacted to II 1-2c, where 1t
cluosed. December opened at a 6-Sm73
SIC. declined to 70 1-So and reacted to
and closed at 70 7-sc. an advance of 1-sc.
Corn was weak, especially so for Sep
TENDER. in which there was a good deal
of important liquidation. Elevator people
and receiving houses generally were sell
lers, against liberal country acceptances.
Western crop advices were favorable and
local receipts were large, 61s cars. There
was a good rally from the bottom on
covering by shorts and in sympathy with
the late firmness of wheat September
ranged from 30 3-sG31 lac andi closed lac
lower at 31d31 1-sc. December closed I'M
changed at Is Csc.
Oats was firm, considering the decline
in other grain markets and the unfavor-
able coz iitions affecting oats. Receipts
ings were liberal. The cash demand how
ever, was good and this was influential
enough to hold the speculative market
steady. Trading was narrow all day. Sep
TENDER ranged from IS SIS to 10 Isaac
cents and closed a shade higher at 10
7-sI20c. December closed 1-Sc higher at
70 3-4
Provisions were extremely dull and
prices changed but little The tendency
during most of the session was down.
ward, the result of lower hog rices. There
was a moderate amount of September
liquidation done. Prices frmed UP dur
ing the afternoon. the market closing
steady for pork and lard and a little cas-
Ter for ribs. At the close OF September
pork was a shade higher at 1872 L.; Sep
TENDER lard a shade higher at $50 ana
September ribs a shade lower at $50 L.
Estimated receipts Wednesday: Wheat
IS; corn 2a5. cats @o5 cars; hogs 2L019 head
(BRADSTREETS VISIBLE.
New York, Aug. Especial cable and
Geographic advices to Bralstreets show
the following changes in available supplies
as compared with last account:
Wheat-United States and Canada east
OF the Rockies. decrease 655.000 bushels.
liverpool Corn Trade News). afioat for
and in Europe. decrease 1ico. 900 bushels.
Total supply, decres Sc 1.755.Oo0 bushels.
Corn-United States and Canada east OF
the Rockies. decrease $4,000 bushels.
Oats-United States and Canada east Of
the Rockies increase I77.Oo0 bushels.
Among the more important decreases re-
ported not given in the official visible
supply statement are those OF 2li.Oo0 bush
els at Manitoba storage points. l44eDO
bushels at Burlington. l3s.uOo bushels at
Coteau. Que. and 100 bushels at Chi
cago private elevators. The principal In
creases are those Of l570I0 bushels at De-
pot Harbor and 81 .af0 bushels at Louisville
The aggregate stock OF wheat held az
Portland, Ore. and Tacoma and Seattle
Wash, Increased III. 600 bushels last weel,
GRAIN AfD Produce Markets.
CHICAGO.