The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-28
PRICES RULED
BY WEAKNESS
Grain Pits Scene of Dull, In
sensible Day.
CROPS MOST PROMISING
Wheat, Corn and Oats All
Close Lower.

Chicago, August 27.-An grain markets
ruled weak today. Improvement in the
weather was the most potent factor sups
port was poor and stop-loss orders were
felt particularly in the near deliveries OF
wheat and corn. At the close September
wheat was sc lower; September corn sc
off and September oats 1sc lower. Sep
TENDER provisions closed l21zc lower TO
2z34c higher.
In Wheat Pit.
Wheat opened weak under the influence
of lower cables and favorable weather
for cutting and threshing the spring
wheat. Early trade was dull and of
waiting nature with prices slowly easing
on. Corn turned weak and affecting
wheat brought out stop loss orders and
September broke sharply. The volume Of
business was not great and all day there
was q heavy tone to the market. There
were conditions however. that at times
made an impression on the crowd and
prevented possibly heavy pressure from
sellers. Receipts were falling of and
grading was still very poor. Export
clearances were fair wheat and flour
equalhng 10000 bushels More import
ant as a sale retarding influence was the
fact that Duluth did not receive a single
car Of wheat. whereas last year there
were 136 cars. Outside markets were
weak and exterted an influence. Cash
business was small September started
sc TO sc lower at Ike 10 &c. slumped
to 7o16c. rallied to Tic and closed weak
&c off at 707sc. Local receipts were 1S4
cars. none Of contract grade. Minneapolis
received Isl cars. making a total tor the
northwest points of 4s5 cars. against 4s5
last week and 10 year ago. Primary
receipts were 1,o51,00o bushels compared
to L254,coo bushels a year ago.
In Corn Pit.
Corn started weak on the influence of
drier weather and more liberal acceptance
OF Chicago bids in the country. All day
September was offered freely and weak
ness prevailed. In other months there
was better buying. particularly in May,
in which there IS said to be fair short
interest. Extremely low receipts-17 cars
and only three of contract grade-had
little effect against the wheat and
weather influences and prices fell There
was slight nervousness in the pit. how
ever. over the fears of the congestion in
the near future. Cables were lower. Sep
TENDER started &c to &C lower at Sc to
57i9c, and fuctuated aratieally, breaking
to 56ssc and rauying TO 5Sl4c later in the
day The better demand that had de-
veloped fell off again and September
closed sc of and weak, at size. Reports
from the country were hattering.
In Oats Pit.
Fair weather broke oats but all the
loss did not hold This pit held some
what better in tone than the others.
although the break in wheat and corn
were an influence There was some good
buying by provision houses and this
helped in a late rally The movement Of
oats continues liberal and there was talk
cf a marked improvement in the next
fortnight September started at 3sc. feI
off to SIC and closed easy sc lower at
use.
Provisions.
Provisions had spots OF activity and
ruled somewhat irregular The grain
weakness had an effect but the slump
in the hog market did much more toward
breaking prices. Liquidation from the
outside was free early. but good support
developed and on manipulation Of pork
and ribs sharp advances followed. Lard
was offered freely and held weak Sep
TENDER pork closed 22}ec up at $40; Sep
TENDER lard PFC lower at Slos2l. and
September ribs sc higher. at Sl02
Estimated receipts for tomorrow:
wheat, 200 cars, corn. 20 cars. oats. 20
cars, hogs. 29060 head.