The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-30
SEPTEMBER SHOWS Up
Prominent in the Trading in
All Grain Markets.
DECLINES ARE THE RULE
Remarkably Wide Range of
Prices TraverSed.

Chicago, Sept. 2s.-September trading
was prominent in all the grain markets
| today and prices covered a remarkably
wide range. Heavy covering by shorts in
corn advanced September nearly &c but it
closed at lac decline. September wheat
broke 2al-8c on liberal cnerings, Deem
Der closed 1-493-sc lower. Oats closed 1-4c
lower for September and a shade lower
Tor December. The excitement in the New
orleans cotton market caused free COW
ering by shorts early in the day. Pro-
visions closed unchanged to &c lower.
Early trading in wheat was without fea-
ture. The market opened at practically
unchanged values and for some time kept
within an extremely narrow range, with
what little trading there was doing con-
hned principally 10 scalpers. A bullish
sentiment was shown by traders and be-
fore Il o'clock the market had become
fairly active. No important advance &C.
CURED, however, until the New Orleans
cotton market was put into a state Of ex-
element by bogus cables, and the wild
ness Of prices there was sympathized in
by wheat shorts, the deferred futures scor-
ing a good advance on free covering The
critical state of affairs in the TransvaaI
had some influence, though there was
some disappointment over the slight ad-
vance at Liverpool. Light primary re-
ceipts also attracted a good deal Of at
tention, under the belief that winter
wheat supplies were low. An active de-
mand was reported for -four from both the
United Kingdom and the continent. The
market was strong and active until late
in the session. Shortly before the close
the market became weak and prices de-
clined rapidly. An increase IN the stocks
a. Minneapolis and Duluth indicated a
good increase in the visible next week,
which was factor toward the end, and
when il became known that the New Or
leans cotton advance was bogus, general
selling and disquiet resulted. September
was not heard much Of until near the
close, when, from a premium Of 1c, 1t
dropped 10 a cent discount on free offer
ings by long interests. Minneapolis and
Duluth receipts were 6S7 cars, against 9G7
last week and loss a year ago Chicago
receipts were 161 cars, one of contract
grade. Total primary receipts were $4,000
bushels, compared with 1872 900 bushels
year ago. Atlantic port clearances of
wheat and -four amounted to 27S,0OO bush
els, light on account of the New ork hol-
iday. December opened unchanged at
20 7-Sc. 1t advanced to IA Csc, closing at
that price. September sold as high as
"A 7-sc and declined to p 1-2a5-Sc, where
it closed.
Corn was nervous and irregular, the
market, like wheat, being affected by the
New Orleans cotton excitement Shorts
were heavy bidders for September early
in the session and prices advanced sharp
ly. Late futures followed the advance to
a certain extent. though inclined todrag
a little on the prospects Of an early mar
keting Of the new crop. When the arti-
fetal cause of the New Orleans advance
became known there was a general letting
go. and prices dropped rapidly, the mar
ket becoming heavy toward the close. Re
ceipts were 9c6 cars. The cash demand
was reported good. December ranged from
% rs to 20 3-Sc and closed 1-Sc lower at
29c. September ranged from % 1-2 to "a lac
and closed lac lower at g SIC.
Oats in a general way followed other
grain markets Trading was Influenced
somewhat by the cotton jump, September
advancing Csc early on free covering by
shorts. and deferred futures also acted
strong. Everything turned weak late in
the session, early buyers selling freely,
and the market closed easy at irregular
declines. Receipts were 195 cars. The
strong cash situation had some influence
on early trading. December ranged from
- 3-4G7-S to % 1-Sc and closed a shade
lower at - IS September ranged from
% Lac to - sc and closed lie lower at
% lac.
Provisions were rather dull and Irregu-
lar. Some strength was shown early with
the grain markets, but later the liquida-
ton Of long stuff resulted in slight de-
clines OF pork and ribs. The weakness at
the stock yards had some effect. At the
close January pork was sc lower at So
January lard unchanged at S5.62 1-2 and
January rits 21-2c lower at $50.
Estimated receipts saturday: Wheat At
cars: corn LOO; oats, 305; hogs 1890 head.