The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-07

L. Lower-Corn and Oats Suffer from
Crop Prospects-ProvisionsD Decline.
Chicago. Aug. 6.-The markets ON
change were all weak today. Wheat
pined for want Of a foreign demand
and all the other markets took their
cue from the prospect for an immense
crop. September wheat closed 4 cent
lower: September corn Is cent lower;
September oats y cent lower and provi
sions at declines.
The spectators in wheat received
their inspiration at the start from
hte firm tenor of the foreign sdvices
Liverpool quoted Il d advance; Paris
came from centimes to 10 confines
better and Berlin q mark higher at
the opening. The effect of these mark
cts was to make sales of September
wheat possible in some instances at
6SA cents but buyers at that price
were in a miornity and heaviness soon
became the most prominent character
istic OF the trading. A decline 10 6S
cents took place before the movement
changed. 1t had recovered to ssh cents
when the later cablegrams began to
come in, and as they were weak COM
pared with the earlier reports the mar
ket here had another sick spell. The
receipts at Chicago were again in vio-
lent contrast of those Of the year be-
fore. In the inspection returns twelve
cars of new spring wheat figured, SIX
of them being No. 2. The probability
Of that feature Of the Chicago rsceip-s
becoming enlarged considerably within
short time was corrective OF tn T.
feet Of the small total as compared with
that at the corresponding time last
year. OF 102 cars OF new red winter
only three cars were No. 2: year ago
the Chicago receipts numbered 712 cars
of which $50 were OF the contract quail
ity. The total receipts at the western
primary markets was $4,000 bushels
against 1,104,000 bushels last year.
Once more the export clearances from
the Atlantic seaboard reminded the
local spectators that they were run
ming the markets on this side in indc-
pendent isolation from the values pre-
vailing elsewhere in the world. The
four chief Atlantic ports shipped only
10000 bushels of wheat and $4,000 bar
rels of flour. The market received the
support of god deal that was bullish
in connection with the weeks move
ment from all the exporting countries.
Russia was reported to have shipped
only 2,320,0 bushels last week, and
ocean passage shows a reduction since
last week Of 3,S40.O bushels and the
worlds visible stocks, according to
Bradstreet's, decreased 1921 900 bushels
without taking account of the stocks
on the Pacific slope in this country,
the returns from which were not re-
ported. A belief IN a spring wheat
crop not far fro 200. 900 900 bushels was
quite generally expressed and did much
to keep bullish sentiment in check. The
fluctuations did not get outside Of tie
range of from IS to 6S% cents for Sep
TENDER. Trading was light and opin-
ion too evenly divided to permit OF
much change. The latest trading was
at So cents or sax cents loss since
yesterday.
The corn market opened without
change in price but at once became
very weak both for September and
May and remained heavy during the
greater part of the forenoon. Later
in the day it developed that the demand
for spot corn for shipment was very
good, from " to q cent premium over
September being Obtainable for handy
parcels. The shorts were not hard to
convince that under such conditions
there might be some trouble in finding
sellers later on when they wished TO
cover and anticipated such state OF
affairs by taking some on the decline
this morning. The closing weakness
in wheat encouraged some selling again
near the end which left the price at a
decline Of - cent for September but
May shows a loss of only 1-16 cent. The
opening quotation for September was
IL cents and for May 33& cents. The
former declined to 403s cents. rose
again TO Al cents. then dropped TO 4e1s
cents, rose again to 4O7s cents and closed
at 405s cents. May sold as low as 1914
cents and closed at 335s I33A cents.
The receipts at Chicago were $50 cars
but for tomorrow the estimates are
30S cars.
Averaging the oats market for the
day there was a fine business trans
acted The activity was most done
at the start when prices declined and
shorts We're buying stuff in Other buy
ing was also good. Fluctuations were
ruled to great extent by corn Sep
TENDER opened at 20as cents. sold down
TO 20asG% cents up TO 20%t cents and
closed at 20ts a 2oat cents.
The provision market preserved It's
downward course in the end, although
al one time Il looked as IL the worm was
about to turn. II did in fact turn, but
did not get far before IL was sent once
more in a downward direction and was
as completely under bear control as
ever before the season ended. At the
close the declines for the day were M
cents IN pork and cents in lard and
ribs. Hogs receipts were ,only 1000
head ard 1900 Is the estimated num-
Der for tomorrow.
Estimated receipts for tomorrow:
Wheat. 80 cars: corn, 30S cars: oats.
40 cars; hogs. 1900 head.
Chicago Market.
The leading futures ranged as follows: