Wichita eagle., 1888-07-12
Chicago Grain and Produce.

CHICAGO, July 11.-Business was brisk
on Change today. Action of the wheat
market was doubtful early but the firm
undertone, helped:by bullish cables, devel-
oped into a regular advance in prices later
in the day. The clearances at New York
were but 5000 bushels, and this, with the
recollection of the improved condition of
the home crops reported yesterday, made
the bulls cautious and encouraged some
sellers who believed the government fig
ures would have more effect today than
they did on Tuesday. The later cables,
public and private, confirmed the report
of snow in Englandsand very bad weather
on the continent. Only the foreigners
were said to be buyers here and at New
York. The reports about the boat loads
taden Tor export differed from three to
twenty five boats, but the effect was bull
ish. The short element in the pit
took little fright after. II
O'Clock. A heavy speculator who
was not able to be on the floor
stood by his long wheat When the crowd
got the desire to buy there was little for
sale, and July was at big premium over
August. The price of August, which
ranged early between Soc and S0$lc, and at
noon was at about the close last night,
6014c, suddenly started upward and in
few minutes touched size. This was fol-
lowed by lull and return to Sl@S11s
when twenty minutes before the close sec
ond bulge took place. The bull feeling pre-
vailed up to the very close, and prices at
o. NJ were the outside for the session with
August &c over last night atsl34c. Other
v,,l. IN L
December S31ac.
The corn market was quiet compared
with wheat. There were some elements of
strength in the situation, but prices barely
held their own at the close for early fu-
lures, while the feature of the pit was the
top price of October. The lowest prices of
the day were at the time of the early dip in
wheat, when August touched 4S$4c, react
ed to 1870, the outside price of the session,
and at the close it was the same as last
night, 1910. July sold at 1890 and Acc to
close. October sold from 1870 down TO 4Sc
and closed at 4S14c or &c lower.
In oats favorable crop weather and indi-
cations that July contracts had been pretty
we'll filled caused heavy early market.
July ranged nc lower than yesterdays
closing, but at the decline the demand be-
came quite vigorous again and there was
ic reaction, and the closing was steady
and only &c lower. August declined &c
during early weakness and reacted sc,
Other deliveries averaged about &c lower
Considerable interest was manifested in
The market for hog products and an in
creased speculative business was trans
acted. The general surroundings of the
trade were favorable to weaker market,
the receipts of hogs being liberal and
prices lower, while the advices from de-
pending markets were less favorable to
holders. Under these circumstances there
was considerable desire to sell products
for August and September deliveries,
especially by leading local operators and
manufacturers, while the demand was not
particularly urgent excepting from shorts
Prices for all the leading articles declined
materially during the middle of the SEES
sion, but toward the close the market
showed a little more steadness in gen
eral way and prices rallied again
The leading futures ranged as follows;