The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-07
READY TO TRY OVER
WHEAT MAKES AN ADVANCE OF
TWO CENTS ANDAQUARTER.
Crop Damage Reports, Country Buying
and Better Cables Find Spectators
Rested and Invigorated for . Fresh On
slaught--It Is a Bulls Day--Foreigners
Buying in New York--Russian and Ger
man Rye Crop shOrt--Corn Reserves In
dictated rs Running Low--Oats Wanted
for a Big Business--Provisions Recover.

Chicago. June s-More crop damage
reports, renewed country buying and
better cables sent wheat up today.
July closing pa cents higher. The other
markets followed wheat. corn gaining
is cents, oats Z cent and provisions
closing slightly higher.
Wheat started firm but rather quiet
at TX @771a cents for July. much mar
rover range than has been usual OF
late The firmness with which 1t COM
manced soon began 10 gather force
The weather map was dry as to the
winter wheat area represented on II
and showed more rain in the spring
wheat country, whsre, according TO
accounts from here, they already had
more than enough. The prediction for
tonight and tomorrow was for a con-
tinuation Of the above conditions. That
was one of the helps the bulls received
at the opening, another was the firm
ness of foreign markets and still an
other came from the fact. made known
early in the session, that buying or
ders more numerous than for several
days were in the hands OF commission
men from country millers. New York
commenced, was finally under way:
Foreigners buying wheat here" and
the New York men We're themselves
among the nerviest buyers here. Ar
nIour, Seaverns, Counselman and 9TH
ers among the elevator proprietors
were among the prominent buyers. The
market got its biggest boost from re-
ports for an indicated shortage in the
Russian rye crop of 10000. 900 bushels
and in the German rye crop OF S0.0oc, 900
bushels. The Russian rye crop OF last
year was about 765. 600. goo bushels. The
statistical items relating 10 the day
movement OF wheat and -four was also
an incentive TO buying, but a re-awak-
ening of the speculative interest which
had been dormant for a week was per-
haps responsible for a good deal OF the
greater strength and activity display
ed. Out of 50 cars shipped as received
here 10 Were transfers for private
houses. The shipments hence by lake
and rail We're 100000 bushels. 17S,000
bushels of which went to places in the
interior west of Buffalo. and the $1,000
bushels shipped to the latter port We're
enroute to mills in Pennsylvania.
None Of the daily heavy sales of cash
wheat here are going in tine usual di-
rection. Export clearances We're $685.
600 bushels. half of which rs in the form
of flour. Minneapolis and Duluth re-
ceipts were 1873 cars, against PAS a year
ago. Canadians were buyers Of -four
in Duluth. The price of July rose
steadily to 79& cents. broke back to
791s cents and closed at 1914 cents.
Corn was fairly active and strong
largely in sympathy with wheat. but
to a considerable extent also because
of the Indications of reserves in farm
ers' hand giving signs of running low
Tha rlrc Il
1875 are estimated for tomorrow. July
which closed at 611a cents on the day
before. opened at from 51sa to 517s
cents. After remaining firm but quiet
at around 51&@J1b cents for half an
hour it rose to So cents in q gradual