The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-09
100 Hot FOR TRADE
All the Markets Languish
From Lack of Interest.
LIVERPOOL ACTING UGLY
Better Reports Come From the
Corn Belt.

Chicago, Aug. 8.-The weather was
on change today, and all the markets
dropped from the lack Of interest. Wheat
closed at decline Of 7sc, corn closed
&Q5sc lower, oats 1sG4c lower, and pro-
visions a shade to 10c lower
| Wheat traders were not looking for
lower cables today, following the sharp
| advance in this market, and Eyhen Liver
pool reported a decline Of I'D, the effect
was marked. Opening of prices in spot
! showed decline of 14G9sc and anothenr
good-sized fraction was knocked off the
price before the session had progress d
very far. Liverpool repaired the decline
there was due to improved weather con-
ditions in England. AS there were no
especially bullish features TO the domes-
tic conditions, and the weather was
too not for traders to take much in
terest, the market after the first half
hour degenerated into a skirmish be-
tween scalpers, with a percepubie I'M
derfurrent in favor of the selling side.
What little support the market did
ceive was chiefly from local traders, out
side interest being apparently entire
absent, and the market ruled heavy until
the last hours trading, when it became
really weak. Selling pressure by those
who were on the buying side YESTERDAY
became heavier, while there was no an
crease in the demand. Following the
opening decline to 1914 Q75sc, September
eased off to 75H0759sc. 1t recovered
slowly to 76c, which price was reached
in one or two minor transactions and
then gradually declined, until shortly be
fore the close the market touched 75hc
The close was heavy at 752sc. Northwest
receipts were 246 cars, against 236 last
week and III a year ago. Chicago re-
ceipts were 200 cars, 80 OF contract
grade. Aggregate receipts at primary
points were 600 bushels, compared
with $4,000 a year ago. This heavy in
crease had some effect. Atlantic port
clearances of wheat and flour amounted
to 10000 bushels. Foreigners were de-
clared good buyers at the seaboard, but
figures on engagements were not given.
Corn was dull and heavy for most Of
the session. The market was affected
by the favorable crop reports, which be-
lied the recent damage Complaints, and
by reported rains in some sections Of the
corn belt. The late weakness In wheat
also had its effect. The bulk of the light
trading was largely in the way OF Iqu1-
dalton and largely by local h3l@e-s.
Country acceptances were light. Re
ceipts were 1S1 cars. September ranged
from 377sc TO 3S1zc, and closed s4@7sc
lower at 37%c.
Oats We're dull but comparatively
steady in view of the weakness in oEer
grain markets, A slight decline took
place in sympathy, but selling pressure
was not heavy. Elevator interests were
the best sellers, The outside demand i'm
proved late in the day, though not much
business was done. Receipts were $50
cars. September ranged from pa, to 217s,
and closed 4 to Nc lower at 21%c.
Provisions were almost at a standstil
The grain weakness had some effect
early, causing enough local selling to
depress prices q little all around Pack
ers were fair buyers against cash sales,
all reporting good cash demand for
meats. At the close September pork
was 10c lower at $11.T15; September lard
21zc lower at s5.s21k; and September ribs
a shade lower, at s7.15.
Estimated receipts Thursday: Wheat,
100 cars; corn. 2S3; oats, 400; hogs. 1900
head.