The Wichita daily eagle., 1895-06-15

Chicago. June 1.-THE bears in the
wheat market worked like beavers to
secure a break in the price today and
succeeded. the closing quotations show
ing a loss for the day OF about is
cents per bushel Corn was Influenced
by the decline in wheat and the fine
growing weather. which together
caused it to lose Is cent of its previous
value. Oats were weak and left off at
a decline of "a cent for September de-
livery. Provisions We're again immov
able by outside influences and closed
unchanged.
The business Of the day in wheat
commenced with another expression of
the bedrish sentiments of the crowd.
The crop reports in circulation were OF
more favorable character than have
been current Of late regarding the prob
able yield Of wheat, more especially as
regards the state of Missouri. Some
OF those reports mentioned probable re-
turns OF thirty bushels per acre. One
from st. Louis stated that one farm in
the state of $4,000 acres-all in wheat
would have forty uShelS per acre. II
was apparently more from the wide
spread wish for break in the price
than the effect Of the big yield tele-
grams that the market ruled weak at
the opening and had several fainting
fits in the course of the day. The open
ing price for July was from 7S1a to 1875
cents, with the tendency in favor OF
still lower prices and a decline was the
ultimate result. The price, as on the
day before, went to 771s cents and as
the session was ending il was being
traded in at 77$s cents, having in the
meantime had many dips and rallies
between 771z@7S cents. 1t rested final
ly at 773s@771a cents. Liverpool sent
higher quotations; Berlin was up and
even Paris gave indications of having
been stiffened a little by yesterdays
strength here. The Minneapolis and
Duluth receipts were 1876 cars compared
with 24S cars last year. Very little
cash business was reported here and
New York failed to find evidence of
any demand to speak of from abroad.
A New York message quoted a cable
gram from Hamburg which reported
firmness there on account Of rumored
damage to the Russian wheat crop.
Corn was chiefly governed by the
fluctuations in wheat, and suffered in is
value for its display of sympathy. July
closed worth SOS cents as against 81
cents yesterday. 1t opened at 507s
cents, improved soon after to 511sG51A
cents, and after that for the remain
der of the day ruled weak, the closing
price being the lowest of the session.
A heavier break was escaped from the
fact of the light receipts and the possi-
bilities Of harm still before the grow
ing crop, Notwithstanding the great
area planted and its present fine prom
ise. Receipts were III cars. New
York reported eight loads sold there
for export.
The market for oats was easier
throughout, due largely to sympathy
with wheat and corn. Values We're q
cent lower at the close for June and
July and ss cents off on September.
September ranged from 29A M291s cents
to 291s cents and rested at the low
price.
The provision market scarcely varied
in price during the session in any OF
its branches and at the close pork,
lard and ribs We're practically the same
as on the day before. Hog receipts
were $4,000, the small receipts giving
the market its steady tone.
Estimated receipts for Saturday
Wheat 2S cars; corn 1872 cars; oats 213
cars; hogs 10000 head.
Chicago Market
The leading futures ranged as follows: