The Wichita city eagle., 1878-08-08

Whsat Notes.
On Saturday last the wheat train consisted
of 80 cars, Friday 50, Sunday 81. Monday IA,
Tuesday 81, "Wednesday 81.
| We have daily train now from Wichita,
leaves every morning loaded with wheat. The
EAGLE has named IT the Wichita wheat train
GRAIN NOTES.
Bernard Daley, in Delano townshnp,
threshed of Of nine and little over a half
acres OF ground, three hundred and fifteen
bushels of wheat OF the Little May variety,
and from another piece, seven acres and tbir-
teen rods, he threshed three hundred and
twenty-tnree bushels OF wheat classed as
No. ..
NJ. l.. Dewing commenced cutting and
shocking his corn July 3ist, which yields
handsomely.
Robert Lawrence, in Delano, threshed mis-
Genesee wheat last week which yielded HIM
thirty bushels to the acre.
1t costs 26 cents per hundred pounds to
ship wheat from Wichita to Kansas City by
railroad, or about 16 cents per bushel. 1t
costs two cents per bushel to clean and ham
IL.
so cents in Kansas City it is worth go cents in
W ichita. II farmers VIII watch the Kansas
City market reports they cannot be swindled
on prices.
THE WHEAT CORNER.
The most successful and extensive wheat
.'corner'' ever manipulated in the Northwest
was carried through on Thursday, the first
ipsra,t m AfiIwautaa apb Chica uo raSr,IfiuU
IN gains estimated all the way from 100000
to s500,000 TO the winning operators. and in
corresponding losses to the parties that had
''sold Short for July. In Milwaukee the
squeeze was forced TO figure 20 cents higher
than in Chicago, sl.30 being the price bid for
VIII eat as the standard at W hich the ''shorts'
must settle in the first named market. In
this game of gouge between the spectators,
the farmer derives no benefit from the fabu-
lous figures quoted in Thursdays "transac-
tions.''
The following is from the st. Louis Globe
Democrat of July Goth:
"The sudden and extraordinary rise in the
price OF wheat. which made the "bears" sick
and the "bulls' happy last week, was due to
a combination of causes. Before the heated
term set in the crop promised to be the largest
ever harvested in this country. An unusual
ly early and favorable spring, together with
the possibility of continuance of the war In
Europe, stimulated the farmers to greatly in
crease the acreage of wheat. This was espe-
cially the case in the great spring wheat belt
OF the Northwest, where the increase was not
less than 25 per cent. The unusually fayora-
BILE summer increased the yield of winter
wheat from 10 to 15 per cent. over last year,
and these combined facts led dealers to believe
that the total crop would be far in excess of
last season.
This had tendency 10 depress the market,
ard the depression would have been reasona-
BILE enough il the anticipatlons of the farmers
had proved well founded. The hot spell made
great change in the outlook. The great
hard, spring-wheat belt of Wisconsin, North
ern Iowa, Nebraska and Minnesota was gun
struck. Wheat that promised TO yield twenty
five bushels of No. 2 wheat to the acre was SO
scorched that it will not prcduce more than
eight to Ten bushels OF No. and ''rejected."
The calamity TO the farmers of those States Is
greater than if all their buildings were de-
stroyed by fire in the same time. Along the
lines OF the Chicago, Milwaukee and.St. Paul
Railway, which extends through the best
hard wheat districts OF the Northwest, it is
estimated by competent authorities that the
yield will not equal 80 per cent. of last year,
and that the quality VIII be very poor. The
same story comes from the correspondents of
the Chicago and Northwestern Road.
The sun-stroke has made itself felt on
Change. At Milwaukee, the largest primary
wheat market in the world, the advance has
been &c cents for cash wheat and II cent? on
sales for future delivery. The great increase
in the price of cash wheat is due TO the sue
cessful ''corner" run on July sales. The .e-
climate increase is about u cents, though, if
the bad reports continue to come in, it will
probably be more before long. The Chicago
market has kept its usual place, about cents
under Milwaukee, difference due chiefly to
the quality Of the wheat received. The
"Granger stocks" have been affected by the
same cause, st. Paul common having dropped
IA cents within fortnight, while Northwest
ern also suffered sharp decline. The ex-
PLANTATION is to he found in the fact that the
business of both roads consists chiefly of
hauling wheat 10 market, and the injury to
that crop quite wipes out the possibility of
dividend on common stock this year. The
advance in this market has been slighter, but
is still notable. The de structiou of the spring
wheat crop of the Northwest will insure bet
ter market for the abundant winter wheat
crop OF the Southwest, so that what is loss
there will be gain here. The promise now
is that st. Louis will be leading wheat mar
ket before the year is out. The receipts and
shipments are Increasing rapidly"
THE BARGE LINE.
The second feet Of barges with a full load
OF grain has successfully made the trip be-
tween Kansas City and st. Louis. The fleet
took away the average product OF $500 acres
OF wheat, and shortened up the time very
materially over the trip of the first fleet.