The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-19
.LN|E IO TIE VISIBLE
Wheat Down 3-8a1-2 Cent on
the Increase.
OVER 100000 BUSHELS
Corn and Provisions Unchang-
ed--0ats Higher,
OVER 100000 BUSHELS

Chicago, Sept. 18.-The addition Of over
100000 bushels to the visible supply Of
wheat overshadowed in influence every
thing else today and caused decline Of
3-Sq1-2c. Corn and oats were firm, corn
closing unchanged and oats 1-Sc to lac
higher Provisions closed without mate
rial change.
! Wheat opened at an advance Of 1-4G3-Sc
! from Saturdays closing price, with a good
| general demand at those figures. The
cause Of the advance was tht strength Of
cables on account Of the critical South
African situation, and some rather liberal
covering by shorts was done during the
first half hours trading. The demand
was readily supplied, but though plenty
of bearish news was at hand in regard to
the crop movement and seeding conditions,
the market held up very well until near
the noon hour After the first rush Of
buyers had been accommodated, trading
became dull and prices kept within a mar
row range December easing off slightly
from opening figures September in the
meantime was decidedly strong on mar
offered for sale. and elevator people were |
moderate bidders, prices in consequence /
advancing sharply early Before noon De-
cember began to weaken, partly on ac-
count of the weakness IN Wall Street, but /
principally on the indications of an enor-
mouse increase in the visible, the figures
Of which were finally put at 3,171,0o0 bush
els. Heavy selling was done 10y one firm
supposed to be in the way of liquidation
for a long line. Most of the wheat was
offered at under Tic for December. 1t was
estimated that fully 100000 bushels was
disposed of by this firm and it had con-
siderable effect on the market. General
rams were reported throughout the west
and southwest and conditions were report
ed as now favorable for fall seeding. Pri-
mary receipts were heavy, 900 bush
els. compared with 1.4S9O00 bushels a year
ago. Minneapolis and Duluth receipts
were 1,452 cars, against 1926 last week and
!, 993 a year ago. Chicago receipts were
237 cars, 80 of contract grade. Atlantic
port clearances Of wheat and -four amount
ed to $4,000 bushels. A better cash de-
mand developed on the break, and 60 loads
were reported worked for export at the !
The break in December brought more lib I
eral offerings of September and that op- {
ton also declined. The market closed weak ]
all around. December opened at 71Q1-Sc. ]
It declined to 20 1-4G3-Sc and closed Csc
lower at 20 3-sc. September ranged from
70 10 to II 1-Sc, and closed lie lower at
20 5-Sc.
Corn was quiet and steady. Shorts were 7
good buyers of September early in the 4
day, affected by the strength of wheat
and December was also in fair demand. T
Slight advances were ultimately lost. Re 7
ceipts were heavy, 1915 cars, an increase
Of 10000 bushels in the visible was re- T
ported The cash demand continued good. I
December ranged from 2S SAC to IS 7-SG29c,
and closed unchanged at 2S S-4a7-Sc. Sep
tember closed unchanged at 80 3-4c. selling T
as high as 80 1-Sc. f
Oats were firm and fairly active. There
was large cash demand, at least 100000 T
bushels being worked all-rail. Shorts were I
good buyers Of both September and De-
eember and prices ruled slightly higher
I'll around. Receipts were al cars. De- Y
eember ranged from q 1-463-Sc to q 1-2c, c
md closed 1-Sc higher at q 3-S41-2c. Sep
ember closed LAC higher at Fl 7-Sc. Y
The trade in provisions was unimport- C
INT. There was an excellent cash demand
or meats. and packers were moderate
buyers of October products The range
vas narrow At the close January pork o
vas unchanged at 1855; January lard d
hade lower at S5.45, and January ribs a P
hade lower at s.. -
Estimated receipts Tuesday: Wheat 165 =
.ars; corn 1900; oats $50; hogs 24,OO0 head. .,
s,