The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-19
DROPS A CENT OFF
CONDITION OF SPRING WHEAT
GIVES THE MARIETTA JOLT.
That, for One Thing; then there Are no Ex-
port Orders Worth Mentioning nor Out
side Orders--Market Has . Firm streak
In the Middle, Due to Shorts Covering
count Of the Great Weather for Corn
Oats LOwer--ShOrts Buying Raises Pro.
visions.

Chicago,July 1s-Wheat continued on
the down grade today, the lack of ex-
port and outside orders weakening
| the market. September wheat closing
l cent lower. September corn closed 1
! cent lower. September oats closed s.
cent lower, but provisions made moder-
ate gains.
Wheat opened at from / 10 IL cents
under the price closed at on the day
before. The weather bureau predict
Ion or frost in the northwest was not
realized and the Cincinnati Price Cur
rent declared that everything was love
iy and the spring wheat condition very
nigh. The market soon followed up its
opening decline by seeking a still lower
level Besides the harvest features just
mentioned the foreign markets were all
lower The receipts were small for the
season but so likewise We're the ex-
ports Chicago received IS car loads
~ cars OF which were new red winter
and IL OF which inspected No. . The
only wheat exported from the Atlantic
seaooard for twenty-four hours was
LOS bushels from Philadelphia, and
baltimore houses wired that they had
re-soid today three boat loads OF wheat
that were taken by a foreign house
yesterday. The trade was narrow as
has been remarked OF il for some DAYS
and was easily influenced by compare
lively small transactions. After the
weakness with which the market open
ed mad run its course, IL became firm
and gradually worked up into an ap-
pearance or actual strength The re-
covery was due for the most part to
covering by shorts. but there was al
so some buying for long account on a
still remaining probability of frosts be-
fore tomorrow morning in the north
west and by reported storms there
this morning, which had laid the crops
over length of sixty-five miles The
opening transactions were over a range
or from Co.'S cents down TO 66 cents for
September. After a slight recovery TO
66A cents it sold down to 65S cents.
and recovered gradually from that to
CO.'S cents, but in the end IL tumbled
back TO 66A cents and closed with sell
ers at that
Corn was weak at the opening under
influence of favorable weather for the
growing crop and recovered later on
the development Of a demand for cash
corn Between 200, 900 and 300, 900 bush
els were worked for shipment. and New
York reported % boat loads sold there
for export The sales here for shipment
were probably identical with the ex-
port business reported from New York
Receipts were 156 cars The opening
range for September was 4ia. and 442s
cents and the latter was the closing
rate 1t first sold own TO 437s cents and
a great deal OF short corn was covered
on that break. 1t recovered gradually
TO H12Gss cents and closed as above.
For time before the opening oats
had comparatively firm tone There
were good many buying orders in and
sellers were none too plentiful. Later
on, however, offerings were more than
liberal and came from a great many
different individuals. principally stop
orders. a great decline resulted and
from that time the market was weak.
September started at 227s cents. sold at
. cents down to 22la cents and closed
at 2215 cents bid.
Provisions We're affected In the fore
noon by the weakness OF the grain
market, but later on principal shorts
bought through several brokers and
sustained the market by SO doing. At
the close pork was 121a cents higher:
lard cents higher and ribs 2Ia cents
higher Receipts of hogs were 1900
Estimated receipts for Friday are:
Wheat 90 cars; corn 176 cars; oats $50
cars; hogs 1900 head.
Chicago Markets.