The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-11
REPEATS THE NEWS
BULLISH TIDIEGS FILLS UP THE
DAY, as BEFORE
All the Same the Price of Wheat Shows .
Three-Eighths Cent Decline-Interior
Millers Leave Standing Orders Now
Export Clearances Mar the Comfort of
Affects Corn for All it's Worth-Oats
Market Almost Lifeless but Higher
Provisions Unchanged.

Chicago, Aug. 10.-Wheat had a con-
tinuance of all the previous bullish
features of the situation today with the
addition OF country demand for the
spot grain, but without bringing out
buying orders enough for the futures
to prevent decline Of S cent per BUSH
Ell. Rain in Kansas and Nebraska,
where it was wanted for the preserva-
ton of corn, caused q cent decline in
the price of that article also, but oats
closed Is cent higher. Provisions aver
aged easier but closed without change
for the day.
Wheat did not give any indication
Of ability to respond 10 bullish news.
The contrast between the receipts OF
winter wheat this year and last was
conspicuously favorable Ito the bull
side as before. The Chicago receipts
We're Sc cars of which 81 cars were new
red winter and 10 new spring. OF the
former four car loads and of the lat
ter four were No. 2. A year ago sol car
loads were inspected into store, of
which 341 were of the contract quality.
There was a demand for wheat for
shipment which resulted in a very
good business being done. Up TO 11:30
o'clock 215, 900 bushels was the quantity
reported sold, of which $4,000 bushels
was for direct export. The remainder
was in part for shipment to Toledo and
other winter wheat points in the west
where at this season of the year the
farmers should be supplying all wants
and a surplus besides. Some Michi-
gan millers have standing orders here
for shipment of a certain number of
car loads per week till further orders,
and Indiana millers are in some parts
of the state in a similar peculiar posi-
ton. The primary western market re-
ceiptS amounted to $4,000 bushels
against 100000 bushels year ago.
Minneapolis and Duluth receipts were
IS cars compared with 106 on the cor
responding day of last year. The At
lantic export clearances for twenty
four hours were as before the fly in
the ointment to the bulls, comprising
altogether only 10000 bushels of wheat
and about 10000 barrels of -four. The
weeks shipments from both coasts
were equal in wheat and -four togeth-
er to 1850. 900 bushels against 1, 10000
bushels on the previous week. The
stocks of wheat at Duluth are expected
to show decrease for the week of $780,
900 bushels and at Minneapolis a de-
crease of 100000 bushels. The visible
supply is estimated to have decreased
about 5000 bushels this week. The
opening price for September was from
6S to 6S1s cents and it did not get high
er during the day. 1t slid off to 671s
cents during the first hour and recov-
cred again to IS cents, closing with
buyers bidding at 67% cents.
Corn was for sale by some OF those
who loaded I'D with 1t yesterday. Rain
in great abundance had fallen in Kan
sas and Nebraska in the last twenty
four hours and twas taken for granted
that in consequence the damage to the
crop reported from there yesterday had
been put in the way of a thorough re-
pair. The demand for cash corn was
not urgent as ii has been but there was
still no difficulty in getting 1 cent
premium over the September price for
No. and IL cents per bushel premium
for No. yellow. September opened at
from 3924 cents to 395s cents, dropped
to 1885 cents and closed at that price.
The market for oats was almost life
less. Influenced entirely by the action
of corn an easier feeling prevailed and
prices closed from Il to Il cent lower.
September opened at 201a cents. sold
down to 2014 cents and closed at 202s
cents.
The provision market was dull and
at the close showed very little change
In prices since yesterday.
Estimated receipts for Monday:
Wheat 155 cars; corn 565 cars: oats 227
cars; hogs next week $4,000 head.