The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-05
FROST DIDN'T
AFFECT GRAIN
As Much As the Spectators
Had Expected.
NEAR FUTURES HELPED
September Wheat Was Up
and December Down.
NEAR FUTURES HELPED

Chicago, Sept. 4.-Grain trade was OF an
irregular and hagsiing nature today. Yes
terday prices doomed up on the expecta-
ton of frost, but today when the frosts
were reported prices tended toward re-
cessions, because the frosts were not
hard enough and because warmer
weather might be near. There was good
support in wheat for a time by a big
elevator house which helped near futures
somewhat Crop prospects, however.
worked against prices for new grain and
at the close September wheat was nc up;
December A9%c down; September corn
sc higher; December &c lower; Septem-
Der oats sc lower and December sc OF.
Provisions closed nc higher to sc lower.
There was only a fair trade in wheat.
Early prices were rather steady, but
when 1t was learned that the frosts had
extended as far south last zight as Sioux
C:ty. Ia. had done no damage. prices
slipped on a triie. September held firmer
than December all day. Cables were only
a little higher and showed scanty res
ponses TO yesterdays local bulge. Com
mission houses sold freely and the market
lest much OF the gain made by good ele-
vator buying and the falling OF of re-
ceipts. Grading OF spring wheat con-
tinued to be something Of a bull factor.
there being no contract stuff received
here today-a condition that has pre-
vailed several days. The northwest com
planned of slow movement because Of
bad weather conditions. September
started at ltdalc lower TO a shade lower
TO shade higher at 71s.e 10 71xc and on
the purchase OF over one million bushels
OF December, elevators advanced to 72ssc.
The close. however. was only a trihe
1rmer, 1sc up at 7pt1s4c. December sold
from s77.d5sc to 6sstc and closed weak
Ease down at Sc. Local receipts were
2s5 cars, making total for the three
points of 511 cars, against 555 last week.
and 1,os1 cars a year age. Primary re-
ceipts were s5i, COO bushels, compared with
1856 900 bushels year ago. Seaboard clear
arces in wheat and -four equalied 7es. 800
bushels.
Corn started out much weaker than
had been expected in consideration Of the
colder weather. Sentiment was besrish,
the distant futures being sold for profits
on crop prospects. September dipped
early, but soon ruled stronger on good
demand. 1t seemed that the apprehended
damage from frosts was offset yesterday.
September sold early at 57izc, but aided
by wheat advanced to Sc. December fell
from 436.c 10 42LG3sc and closed weak 7kc
of at 42%c. September held its firm tone
and closed &C up at os74c. Receipts were
81 cars OF contract grade.
Oats ruled lower with little Of interest
to mark trading. a leading bull house
let go of a considerable quantity senti-
ment was bearish, trade duh and buying
was only scattered. This induced lower
prices and September fell from 55ksc to
Satc and closed weak sc lower at 341zc.
December sold from 31Izc to a weak close
SIC down at SIC. Receipts were 2ss cars.
only five OF standard grade.
Provisions were dull and somewhat
steady: lard was sold freely and was
about the only feature. Weakness Of
hogs Influenced a dip In all products, but
support OF the nearer options held prices
firm. January pork closed PIC up at
$3.50: October lard SC down at ss67lk;
October ribs 21k up at $50. Estimated re-
ceipts for tomorrow: Wheat 10 cars:
corn. $ cars; oats. 80 cars; hogs, 1000