The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-09-07
WHEAT BREAKS BADLY
Partially Receivers, October
Closing IL Cent Under
CORN l-8 CENT LOWER
Oats Down = Provisions Un-
changed to 10 Lower.

Chicago. Sept. 6.-Wheat broke badly
early today. but partially recovered later
on the export business, October closing
15c under yesterday. Corn closed &c up
and oats 1sc depressed. Provisions at the
close was unchanged 10 10c lower
The wheat market opened steady under
the influence of steady cables from Liv-
erpool, October unchanged at 1880.
Shortly afteTWard the market touched
74c. This, however, proved to be the
highest price of the day. Receipts were
heavy and there appeared to be every
prospect Of their continuance for some
time. There was a demand from the out
side, but it amounted to little along
side the offerings which soon began
pouring into the pit. Longs liquidat
freely, and thus encouraged some short
selling. Not till October had bumped up
against 72s4c did the tone show any de-
cided signs of stiffening. The decline
was accompanied by small reactions, but
these in no wise disconnected the bears.
good export demand was brought out
by the slump, and this, together with
the report that an influential trader had
been buying under 73c, caused anxiety
among shorts and rally followed The
close was steady, October 12c under yes
terday, at 1880. Seaboard clearances in
wheat and -four were equal to $4,000
bushels. New York reported II loads ia
ken for export. Sales here were 49,
N0 bushels. Primary receipts aggregated
2i7,0o0 bushels, compared with 11-400O
the corresponding day last year. Duluth
and Minneapolis reported 90 cars, against
S44 last week and 739 a year ago. Local
receipts were 4S3 cars, a of contract
grade
Corn was quiet, but firm, and the firm
ness early was in spite of wheat. Firm
cables and light country offerings were
the sustaining factors. The trade was
not large one. The rank and file Of
the corn trade is not disposed to run
short on corn, despite rosy crop pros
poets, because they stand very much in
awe of the bull party at present cred
tied with being in control. Receipts
here Were 34S cars. October sold between
IS and Ssas93s1sc, and closed &c higher,
at 2SIkc.
Oats ruled dull and absolutely bare Of
any speculative interest. The absence
Of the usual offerings by receivers was
a noticeable feature at-the start. Oats
sold between 2lls and 214c, closing &c
lower, at 21Ac. Receipts were 413 cars.
Provisions were quiet and easier, with
the exception of short ribs. The cash
demand was still in excellent working
order, but throughout the session there
was moderate amount of liquidation
by English as wei as home interests.
and shorts pounded the market some II
an effort to depreciate nearby deals. The
excess of hog receipts over The estimate
and an easier market at TIE yards rad
a depressing effect on the provisions
market October pork sold between
1880 and $.0.971A and closed 10c lower.
1t 5000; October lard between 81. 62k and
so. closing ~ TO 10c down, at Sc. 50
'.671a, and October ribs between sos and
7.10, with the close unchanged at $40
Estimated receipts tomorrow: Wheat.
40 cars: corn, 80: oats, 345; hogs, 1880
1esad.