The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-26
LOST ALREADY
WEDNESDAYS WHEAT ADVANCE
WAS A LONESOME Squirt.
Buliish Enthusiasm il Dampeued Enough
for . Decline of . Cent and Thsee-Quar-
ters-Spotted Northwestern Reports
Receipts, Clearances and Inspection Re
peat Wednesdays General Features
Corn Loses One and One-Eishth Gents
Oats Weak on Northwestern Crop News
Provisions Between Hogs aud Corn.

Chicago, July 25-The energy OF yes
terday's scent advance in wheat left
the market weary today. Compared
with closing prices Of the day before
wheat is Is. cents lower, corn has lost
Us cents. oats = cent and pork is 10
cents lower.
Wheat started a little Wild but il was
soon for ced down and made TO drop
some of its SO suddenly acquired bullish
enthusiasm. September sold at from ~
cents up 10 721i. cents at the start but
sellers at " cents were numerous than
buyers and at about fifteen minutes
from the opening all that was wanted
at ~ cents could be obtained for a
minute or so before buying again as
sumed sufficient urgency TO cause re-
action. The big advance of the day be-
before caused the Liverpool market 10
come in with a sympathetic rise of III
pence per central but outside Of that
there was no new feature of striking
character. Chicago inspection was 5S
ear loads. ~ of which were new red and
four Of these No. 2. On the correspond
ing day of the year before the receipts
here were 437 cars of which 34S cars
were of the contract grade. The total
OF the receipts at the primary western
markets today were So7 900 bushels COM
pared with 1874 900 year ago. The re-
ceiprs at Minneapolis and Duluth were
159 cars compared with Sol ears on the
similar day Of the year before. The ex-
port clearances from the four principal
Atlantic seaports were equal in wheat
and flour together to only 1l4,00o bush
els. The closing cables We're all firm.
Liverpool closed at an advance or 112
pence since yesterday. Paris improved
form 10 centimes TO 20 centimes; Ant
werp % confines and Berlin from IL
to 2ls marks. News from the Dakotas
and Minnesota was Of the usual contra
dictory character, suggesting that the
crop must necessarily be as spotted as
the news concerning il. A winter wheat
millers' association Is credited with re-
porting that in Ohio. Illinois, Indiana
and Kentucky threshing returns show
yield of one bushel per acre more than
was claimed by the last government re-
port. The market became very ragged
and somewhat nervous after the first
decline TO 70% cents. 1t recovered 10
71as cents after that and still later it
had a break to 701a cents with another
recovery to 711a cents. Shorts were APP
parently not happy. Partridge stC&oed
more than one decline by the freedom
of his purchases and the terrors OF yes
terday's scent dump in prices dwelt
steadily in the minds Of the shorts. On
the other hand the scalping crowd had
no hesitation in selling at II cents and
over. and from these opposing forces
shuttle movement was kept up in the
price of September between 10as and
71s cents. About fifteen minutes from
the close 711s cents was the current
price but at the close September was
down to 70A cents.
TIL I,xn 1n
with prices inclined downward for the
most part. The trading was light and
the transactions confined mainly TO the
operation of the local scalpers. The re-
ceipts were 322 cars. A shipper took
about 100 900 bushels Of spot corn prin-
cipally at Il cent per bushel over the
September price. September opened at
from 442. to Az cents. declined to 1885
cents and closed at 1855 cents.
The early market for oats was firm
on July and weak on the more remote
futures The weakness In futures was
principally the result OF adviceS from
the Dakotas and Iowa stating that con-
ditions were very fine. September open
ed q cent lower at 22a4 cents. sold from
80 to 221z cents and closed at 22es cents.
The provision market was generally
heavy and the traders listless and in
different. The opening was at slight
advance In consequence of the receipts
of hogs. amounting to only 11,00O head.
The weakness OF corn and downward
tendency in wheat had a depressing ef-
feet and made itself felt in lower prices
for hog products. After opening at
5000 September pork declined to sl0.75.
Lard rose 21a cents at the start but lost
il before the close. leaving of without
change since yesterday. Ribs became
quite weak after a PIG cent avance at
the start and rested with a loss for the
day Of 5 cents.
Estimated receipts for Friday: Wheat
70 cars: corn 375 cars; oats $50 cars;
hogs 10 900 head