The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-12
TRADERS ON
A TOBOGGAN
Downward Trend of Praise are
Halted but Moment
DAYS CLOSE is LOWER
Frost Reports Gave All a
Breathing Spell.

| Chicago. Aug. u.-Grani traders had
only momentary relief today from the
selling pressure which put all markets on
the toboggan slides last week. Following
an early rally on frost reports from the
northwest. prices began sinking again
and so general was the selling that COW
ering for short accounts could not offset
the declines. At the close September
wheat was SIC off; September corn 81
Use lower and September oats 1-4c
down. Provisions were cratic and closed
Z IL to 4Jc lower.
There was some uncertainty at the start
In wheat. Talk that there was a good
! short interest out, the cold weather in
South Dakota and Minnesota and fairly
bullish weekend statistics, started a fair
early demand. Sentiment more than news
made the market weak and bears who
held the whip hand simply hammered
prices 10 suit themselves. One of the
principal incentives was a bearish fore
cast Of the government report that was
l.
commission houses sold and prices slip
ped OF Later there was a rally on good
seaboard clearances and a fair export
trade. Selling. however, set in again and
the close was near the bottom. September
opened a shade lower TO Is. lie up al
g. rs TO IS Is, and sold at SIS II de-
clined to s. Is and clised weak 81 OF at
81 Is Local receipts were 421 cars,
three Of contract grade; Minneapolis and
Duluth reported IL cars. making total
for the three points OF 5ss cars, against
673 las week and $40 a year ago. Primary
receipts were 10000 bushels, compared
with 1,45S,OoO bushels last year. Sea
beard clearances in wheat and -four
equaled 7O7.cOO bushels. Breadstnfs on
passage increased 2ss,0o0 bushels
World shipments were 1896, 900 bushels
against 100000 bushels a year ago.
The visable supply decreased 1ss, 600
bushels. New York reported 80 loads ia
ken for export
After opening firm and higher corn
turned weak and September sold down
70 new low mark-5Oc. There was a
heavy stop loss selling and considerable
\
were good but recSi pts were still small.
Frosts in Ioway and early covering helped
prices up trife but news that the corn
southwest was ready for feeding and that
spring would soon follow started renewed
depression Expectations were for very
bearinsh government report. Toward the
close a decrease in the yisable supply
and covering for shorts helped in a rally.
September opened 1-s..1-4 10 3-s. .12c up
at 81 SIS TO 81 IS. slump 10 50 md closed
weak 81. dawn at 50 5-sc
Heavy liquidations and weakness in
other pits brought weakness to oats. Of
ferings We're very liberal and receipts
were heavy at 800 cars. At the start there
was a slight upturn but the close showed
prices at the bottom. September sold
from 80 10 to .. where it closed weak
l II down.
Provisions were very cratic. There was
an early decline on weak hog market
but this was checked for a time by in
huential covering. Then came the de-
preston in corn and oats, and another
slump set in. September york closed sc
down at $500: lard u 1-2c of az slo55
and September ribs 45c lower at 1857 -
Estimated receipts for tomorrow: Wheat
SO cars; corn 20; oats 545; hogs Il. 900 head. J
GRAIN AND PRODUCE MARKETS.
Chicago.
N'htra Aug Il Tho leading