The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-30
ABOUT HOLDS IT'S ONN
Wheat Closes Steady But
Ready to Dip Downward.
STRONG BEARlSH NEWS
Coarse Grains and Provisions
Close Irregular.

Chicago, Aug. 2s.-wheat average.
weak today but closed at substantial!
creased northwest receipts was still at
fecting the bulls but shorts were disposed
interesting. Corn closed 1-sc lower FOL
| September and unchanged for Deem
Der. Oats declined 1-Sc in September but
closed shade higher for December. Pro.
visions closed unchanged to 1-2c lower
Weakness was shown by wheat at the
opening OF trade. Liverpool reported q
decline OF Sid while the northwest ad-
vices told of perfect weather for harvest
and also said that new wheat would
the principal sellers. They were appar-
emily afraid Of their position under the
favorable crop conditions, and liqu!da-
ton from that source forced prices down.
ward slightly from the opening decline.
The break in prices was taken advantage
Of by shorts, who covered quite freely,
and a slow recovery in prices ensued. the
advance being in both the September
and December options back fairly within
yesterdays closing price. An interval of
extreme dizziness followed and prices for
an hour or more varied but little. The
weakness became more pronounced in
the afternoon, though the declines were
small on account of the lack of trading
either way. The northwest was weaker
than the local market, and some selling
came from that direction. Late in the
session the market was influenced by the
Hungarian minister's estimate on the
worlds wheat crop, whichc put the
amount at nearly 100000 bushels under
theoretical requirements. A fair amount
of buying followed this announcement
and best prices of the day were reached.
There were plenty of holders willing to
part with their wheat at the advance and
the close found the market steady but on
a slight downward turn. Bradstreets
estimated worlds visible decrease at l.
9S2 900 bushels, about what was expected.
Minneapolis and Duluth receipts were Isl
cars, against sos last week and $50 a year
ago. Chicago receipts were 1872 cars, of
contract grade. Total primary receipts
were 606,000 bushels, compared with 1,003-
900 bushels a year ago. Atlantic port
clearances of wheat and -four amounted
to 2SS,000 bushels. The cash demand here
was slow and offerings freer. New York
put the exports at Is loads. September
opened Lac lower at 60 s-4G6S 7-sc. 1t de-
chned to So 5-sc during the first hour,
sold as high as 20 1-sc and closed at 70c
December opened 1-4Gs-sc lower at n SIS
G713-4c. It declined TO n 5-sc and reacted
to q 1-Sa72 1-4c, closing at 72c.
Corn was irregular, September was
weak with wheat and on the more lib
eral country offerings, but 1t rallied later
and closed about steady. The new fu-
lures were steady all day. Trading was
extremely narrow and price fluctuations
in all speculative futures were small.
Local receipts were 94S cars. Elevator
people were the principal sellers. There
was some talk of too much hot weather
September ranged from 30 1-2 to 80 7-Sd
SIC, and closed 1-sc lower at 80 7-sc. De-
cember closed unchanged at Is 1-2c.
Oats in the main followed corn. Sep
TENDER was weak early but recovered
partly and closed fairly steady. Country
offerings were freer and the cash demand
not so good during the morning. Eleva-
tor people sold. Cash business improved
later and 10000 bushels were reported
worked. Trading was mostly in the way
of changing. Receipts were N cars.
September ranged from 10 3-4 TO 10 isaac
and closed 1-Sc lower at IS 7-Sd20c. De
cember closed a shade higher at IS SIS
ale SAC
Provisions were steady most of the |
day. Weakness was shown at the open
ing in sympathy with the grain markets. |
Shorts were moderately buyers. Of the |
September product and with light offer |
ings prices ruled higher unit. near the |
close, the demand slackened and prices |
fell OF The close was steady Septem- |
Der pork unchanged at ss.25; September |
lard 1-2c lower at S5.22 1-2 and Septem-
Der ribs 2 lee lower at $5l7 -
Estimated receipts Wednesday Wheat. |
corn and oats. no estimate compiled;
hogs, 24aoo head.
BRADSTREETS VISIBLE.
New York, Aug Especial cable and |
telegraphic dispatches TO Bradstreet's in
dictate the following changes in available |
supplies:
Wheat-Uni,ed States and Canada east /
Of the Rockies, decrease S.. 0C0 bushels:
afioat for and in Europe. decrease l,lC0.-
'0l bushels total supply decrease 1882
LOO
Corn-United States and Canada east
of the Rockies, decrease 1s5S. eco bushels.
Oats-United States and Canada east
Of the Rockies, increase I.63S.0J0 bushels.
Among the more important increases
not given in the official visible supply
statement are those of loo 90 bushels in
northwestern interior elevators, lsl.ODO at
Quebec, 500 at Louisville and 5000 n
Fort Worth. The principal decreases are
those of 1900 at Chicago private eleva-
.ors. 10000 at Depot Harbor. Ont: 49,
- at Manitoba storage points and 75.op
II Minneapolis private elevators. The
aggregate stock or wheat he'd 1T Port
and. Oregon. and Tacoma and Seattle
Washington. decreased 2720pO bushels last
week