The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-17
FROST DOUBTS
RETARD LOSSES
Which Would Follow Fine
Weather in Grains.
WHEAT CLOSED LOWER
Corn, Oats and Provisions All
Down.

Chicago. Sept. 16-Grain trade today was
irregular. In the main conditions were
against prices. The fine weather brought
about natural selling in both corn ana
wheat, With some activity on the bulges
Doubt over frost damage. however. and
the possibility that the northwest would
use much Of its wheat instead OF NOV
ing it. helped to retard losses. The near
by options could not stand under the sell
ing as well as the later futures and in
the eId September wheat closed &c low
er. Deomber wheat 1se down. September
corn &c OF. December corn 4 and sc
lower. September oats sc or and Deem
Der oats sc and &c down. January pro-
visions closed 12ss to l7ls and 20 down.
Wheat started out weak on cables that
cid not respond to yesterdays local ad-
vance and on the warm weather, and
prospects of better northwestern receipts.
The weather IN particular was bearish in
that it favored good movement of
spring wheat Offerings however were
light. Trade al times was very dull, but
fong holders said a good deal of stuff 10
scalpers. who in turn dumped it on the
break bulges and weakened the market
still further. There was good cash de
T-and, rains were predicted and the es-
timated receipts for tomorrow Were much
curtailed from the receipts today This
stopped selling in the late deliveries and
to aid in the check came the advice that
the northwest did not intend selling much
stuff here. Trade was not large in the
aggregate and the late scattering pur-
chases helped matters. There was stin
some fear over she results of the decision
in the oats injunction cases and long
September wheat came out. Spot opened
&c on at &c, sold at z3I.c and closed weak
s.o off at 72ssc. December sold from 6s2.c
to e5+sc, advanced to 69i4c and closed
easy 1sc lower ar sS7sc Local receipts
were 81 cars. u contract grade. Minneap-
Oils and Duluth reported 1850 cars. maxi
ing a total nor the three points of /. 81
cars. against LIS cars Last week and
ISL year ago. Primary receipts were
l.SssOoo Bushels, against 2.o6s6 900 last
year. Sea aboard clearances in wheat and
-four equalLed $4,000 bushels Bradstreet
reported the visible supply increased p
1eS.000 bushels.
Damage fear was practically the only
bullish feature of the corn market for re-
ceipts were improved, the weather was
favorable to movement of the crop and
the cables were Indifferent The crop
report indicated damage in the northern
part OF the corn belt, and rains were
predicted TO hurt the crop stin further
Offerings were light until late in the SEES
sion. when there was a drive il Septem-
Ter which pressed prices down. In spots
the market showed activity and here and
there were occasional hard points In the
main, however, it was 4 waiting market
for accurate estimates on crop damage. /
Some points in Iowa reported as high as
SO per cent damage and Nebraska said
% per cent. September sold from $50, TO
a weak close sc down at 5Sc. December
sold from SIC to .4S94c and sc and closed
weak. &c and 2sc of at 4Sasc and 4SIsc
Receipts were $50 cars, los contract
grade
Trade in oats fell off to an almost i'm
pereepuble volume. Price fluctuations
were very narrow and there was no con-
spicuous buying or selling. Receiving
houses let go Of some small stuff on the
warmer weather and September closed /
weak. &c of At $3.50. December sold be :
tween 5o7sc and 3ll4c and closed weaker /
sc and &c of at &c Receipts were 2gs /
cars.
Provisions were only fairly active at
times Hogs ruled lower at the stock I
yards and influenced products bearishly. /
The outside made sharp selling raids az /
the prices. The result was a weak close /
with January pork l7iz and % of at SIS. /
January Lard Is and l7lz down at SS.5a I
and SS52ls and January ribs lower at I
SSH. Estimated receipts tomorrow.
Wheat. 1S5 ears; corn. 100 cars; oats. loo /
cars: hogs, 27.oo0 head