The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-09
FIGURES ARE USED
STATISTICS OF WHEAT SHORTAGE
ARE AT HAND,

Consequence but Taking for Shipment
Sends Them Up Again and the Close IL
at . Gain of One-Eishth Cent-Corn Ac-
tive. Firm Early and Breaks Later
Oats Close with Little Chanxe-Provi-
sions Get firm. Closing with Gains Of
Fifteen Cents All Around.
Chicago. Aug. s.-The wheat market
today was battered with statistics re-
garding the shortage on the worlds
crops until 1t was knocked off its feet
It was revived and set I'D again BY the
taking OF about 80. 900 bushels for ship
ment, an extraordinary feature OF
which was that 72.000 bushels of the
amount was for Toledo. At the close
an early decline of q cents had been
received and the price was left Il cent
higher than 1t closed yesterday. Corn
was knocked out of its gait by the
falling down of a Boston firm which
was said TO be long about 1000. 900
bushels for September, the selling out
CT which was on their account caused
decline of rs cents per bushel from
the highest point. May was unaffected
and closed Il cent higher Provisions
were firm after early weakness. the
closing showing advances OF Is cents
each in pork, lard and ribs.
First trades in wheat showed 1s&L
cent loss and sold Off a fraction more
eased off 4 cent, advanced, changed
some, ruled steady and closed as stated
The early show of weakness was due
largely to the fact that the receipts at
ST. Louis showed considerab bic increase
and then cables We're indifferent. New
York reported the cash demand slow
and this cost the prices something
The English visible was reported as in
creased ]. 400, 900 bushels On the other
hand the Price Current was a little
and then. too. the weather In the north
west was not so favorable as Of late,
too much rain occurring in that section
and showers and cooler conditions were
predicted Certain professionals Were
inclined TO favor the long side and this
buying aided the rally which followed
after the early decline. The disap-
pointing exports, the total clearinrs of
wheat and -four being but $4,000 bus1 els.
or which 10000 bushels was in -four,
started the reaction and then the break
IN corn was something of factor. The
small trade was against the price also.
Northwestern receipts We're much
smaller than year ago. Local arriv-.
ais were about one-fourth of those a
year ago. The London Times was re-
ported as making the English crop %
per cent below last year. The official
crop OF India was said to be Dds. SOC. 900
than reported one year ago.
Corn was fairly active and rather
fir1ner early but broke later, rallied,
some and closed with a loss of %&3s'
cent for September, and q cent decline
for October December is down u cent
and May up y cent. The early strength
was due in a measure TO talk of cold
posed to favor the long side for a turn.
Initial traders were at h&H cent de-
cline and soon sold up q cent. broke Il
cent. rallied "a cent. changed some, rul-
ed steady and closed as stated. The
break was attributed some to- the SELL
ing out Of considerable long property
for a Boston concern which was said
TO be in trouble and the decline which
followed caught many stop loss orders
Der down to 80 cents. The talk'of liber-
al receipts was also a factor. 425 cars
being estimated for tomorrowtwith go
cars in today.
Oats were quiet and steady. Fluctu-
ations We're confined to a cent and
closed without important changes from
yesterdays. Shorts were fair buyers
early and the market followed corn to
a moderate extent
Provisions opened weak andt closed
firm, making the following gains COM
pared with the prices OF the day before.
The delivery of pork III cents higher.
and lard and ribs each 10 cents. Shorts
were the richer buyers but 10 was
Claimed that considerable quantity
Of meats had been taken for shipment.
The Price Current makes the weeks
packing in the west only 10000, com
pared with $4,000 a year ago. Hogs
receipts today were 5000 and 1900
are estimated for tomorrow.