The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-19
DULL DAY IN
GRAIN PITS
Everybody Seemed TO Be
Waiting for a Sign.
PRICES LACKED SUPPORT
Wheat, Oats, Corn and Pro-
visions All Down.

Chicago. Sept. S-Grain traders were
waiting for a sign today; business was
tess active than il has been for mae
days; supporting orders were not in evi-
dence enough to hold up prices and with
a bearIsh report on the crop Of corn put
out by leading statistical journal sew
eraI professionals took advantage Of the
dunness to put q selling pressure on an
markets. The weather condition was an
aid TO prices. particularly TO corn. but
depression soon followed the selling. At
the close December corn was 5sassc lower,
December wheat 14a1sc down, September
oats &c lower and December oats re
OF. Provisions closed 2lzd2s.c down.
Corn business was the most active Of
the quiet markets At the start reports
Of frosts and rains in much OF the corn
belt, with freezing temperatures in Iowa
and Nebraska. The frost talk, however,
failed 10 hold up prices. a prominent
/ journal printed a report on the corn sit
uation, saying that the crop condition
had been lowered a little by the frosts
/ made. 4 bis interest that is short heav-
lily III bo-h September and December put
some force on the selling side. with
result thar prices broke IN December.
The local crowd took 10 the same posi-
ton and on few stop loss orders the
decline was augmented. September held
fairly steady on the poor condition of
arrivals. There was an increase in re-
ceipts, cables were lower and estimated
receipts for tomorrow were liberal at 330
cars. ST. Louis had reports OF new corn
to come 10 that market soon. Ii was a
pit theory that an attempt was made to
sell a line while the frost talked helped
up prices. On the down turn houses with
country connections took some Of the
stuff and 2 small rally resulted. Decem-
Der opened a shade to 1sQi4c up. at 4fa
44isc. dipped 10 43l<c and closed weak
1zG5sc eff, at 439sc. Receipts were 800
cars, = Of contract grade.
Wheat ruled dull but held up fairly well
under the pressure Corn was an innu-
ence in bringing about an easier tone.
but the adverse weather for spring wheat
movement. the lighter northwestern re-
ceipts than were expected and a fa4r ex-
The market in the main was one OF a
waiting character. Reports had fine
weather for seeding Of winter wheat
Cables were lower. december opened I'M
changed to sc up. at e9G6sisc. fell of TO
6Slkc and closed weaker l4a9sc lower. at
6s5s0s4c. Local receipts were pa cars.
10 of contract grade. Minneapolis and
Duluth reported e51 cars. making a total
for the three points Of $50 cars. against
40 a week ago This day last year was
holiday. consequently no comparisons
can be made. Seaboard clearances in
wheat and -four equalled $4,000 bushels
Primary receipts were .211,00o bushels.
There was an early drive against Sep
TENDER oats by elevators. which knocked
1c off the price. Receipts We're only fair
at 175 cars Is of which were contract
grade, but private houses put out s. cars
and sod against them The weather
worked against the grading Of new stuff.
but the com break was a bearish infiu-
ence. Trade was small September sold
from &c to SIC and closed weak sc of.
at 32l4c December sold from 3iisc 10
weak close &c down. a Bose.
Provisions were fairly active. especially
in October pork. Hogs started out weak
er and later held barely steady and were
a depressing influence. There was an at
tempt to cover october pork. but some
support was put under that commodity.
Prices rallied well for time. but renewed
selling resulted in final losses in every
thing. October pork closed SC of at SLED;
January pork nc lower, At Sl497i-c; Sep
TENDER lard 15c Of. at 5000, October lard
l7lsc down. at $3.50, and January lard
nc lower. ar Ss.471-. September ribs lost
22i.c at S1072l5: October ribs I7isc, ar
g. ST.. and January ribs PC at s7-S7l4c.
Estimated receipts tomorrow: Wheat.
225 cars. corn. go cars; oats. $50 cars;
hoes. LOO head.