The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-17
September Is Higher
Sy So Cent and December
Wheat 1-0 Lower.
CORN FIRM AND HIGHER
Large Receipts of Wheat and
Poor Cash Demand.

Chicago, Sept 16.-wheat today was
heavy for deferred futures and firm for
September. Large receipts and q poor
cash demand were factors in the weak
ness that developed shortly after the
opening. September had enough local
support to maintain a good advance De-
cember closed 1-Sc lower and September
5-Sc higher. Corn was firm, closing 1-2c
higher for September and 1-Sc for De
cember. Oats closed unchanged to 1-Sc
lower and provisions unchanged to &c
higher. Trade was aulI in everything.
An advance in quotations in Liverpool
gave wheat a firm feeling at the opening,
with prices ranging about lie higher all
around. The strength at Liverpool, due
10 the critical condition of affairs in the
TransvaaI, brought a number Of yester-
days sellers into the market from this
source while it lasted kept prices for de-
ferred futures well above yesterdays
closing point. The trading. however, was
confined almost entirely 10 local opera
tors, and when shorts had satisfied their
wants, the market was allowed TO drift
For the remainder of the short Satur-
day session, the tendency was steadily
downward. Receipts at primary points
were heavy, and this, coupled with 4 poor
cash demand. few Of Fridays offers be
ing accepted. encourag ed the bear ele-
ment. Selling pressure was light al all
times. but the buying demand was 50
slack that little liquidation sufficed TO de-
press prices. In September more
strength was shown. There was almost
nothing done but elevator selling was
totally absent. and the price a ali times
held at good advance Weakness in
the deferred futures became more pro-
nounced toward the close, when, for the
first time. liquidation assumed respecta-
bic proportions. Minneapolis and Duluth
receipts were 1907 cars, against s16 last
week and LIP a year ago. Chicago re-
ceipts were 153 cars, II OF contract grade,
The weeks primary receipts were 1914
0ol bushels. compared with ll090 bush
els a year ago. Atlantic port clearances
OF wheat and -four amounted 70 $4,000
bushels Worlds shipments, it was eSti-
mated would reach 6.75o.ooJ bushels.
SHOWS weekly crop report estimated the
total wheat crop at about so. oo0.0ao bush
els and predicted that the governments
report on the acreage would probably be
revised. This had some effect. Deem
Der opened S-Sd1-2c higher at = La
Il s-Sc, and gradually de Cd TO . 5-S8
= SIC. closing AZ 20 SAC. September sold
between Il 1871 lac. and closed $50
higher at Il l-Sc
Corn in the main followed wheat.
though deferred futures did not develop
so much weakness. There was an active
demand for September from shorts. who
found some difficulty in covering. and the
consequent snary advance helped de-
ferred futures even when wheat was de-
clining. Offerings were liberal at the ad-
vance and best prices did not hold Re
ceipts were s34 cars. December ranged
from . 81 TO * 7-s42sc and closed 1-Sc
higher at . S-4a2s Use. September clos
81 I-2c higher at = SIC, selling as high
as &c
There was good demand for al cats
futures early in the session huy later the
demand slackeDed and prices receded.
The early strength was in sympa thy
with corn. Moderate realizing marked the
late session. Rec~9ts we're - cars. De-
cembsr ranged from p - 20 q &c and
closed unchanged at = 1-eFzI s-sc. Sep
TENDER closed 1-Sc lower al - 80
Provisions were dull but steady Prices
we're little higher az The opening. with
grain markets, and kept within a mar
row range throughout. = zo9d export
demand for meats was feature Al the
close January pork was &C higher az
s. . January lard I-eF-- higher al
3 a5E5s = -. and January ribs , 1-se
higher az s4-25G4s7 -
Estimated receipts ManHay Wheat.
20 cars; corn. Leep. eats. Sc, hogs. $3.50
head