The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-06


ord for the Season-Provisious Sacrificed
Chicago. Aug. 5.-wheat was firm
today while other grains and provis-
ions were weak. Compared with Sat
urday's closing prices. wheat is Is
cents higher. Corn is 3. cent and oats
8 cent lower. Pork lost 221s cents and
lard and ribs 12l. cents each.
Wet weather in France small winter
wheat receipts and still decreasing
visible supply were the influences IN
wheat The weakness in the other
markets had its source exclusively in
the favorable reports OF the growing
corn. The opening Of wheat revealed
the existence of a considerable guam
THY Of bullish explosives in the pit.
Frank Dunn. McMitchell and few
others touched them OF and sent the
price upward with a bang. The rise
was not very high but it sufticed TO
alarm few shorts. which kept the ad-
vance going for about an hour. II
took about that time for the September
delivery TO rise from 6Sls cents and
6S1. cents at the start 10 6SIs cents.
The chief reason for the better feeling
was the receipt of cablegrams from
the European continent quoting a bet
weather in France where the wheat
harvest is now in progress. The for
eignerS had buying orders in New
York for December wheat and the New
Workers had their orders in this market
at the start for both December and
September. The bull feeling was kept
in check by the neks regarding spring
wheat in the northwest The market
record of Minneapolis estimates the
crop OF the three big spring wheat
states at 140, 00O, 900 bushels and some
estimates of northwestern elevator
men exceed that by from 10000, 900 10
30 GOO, 900. The news apart from that
great promise for spring wheat. was
bullish. The price had gradually
worked down again through the SELL
ing out of long stuff until there were
sellers of September at 6S cents Just
at that point the result of thew isfble
supply statement was made known.
1t showed a decrease OF 712,000 bushels
and that leaves the total at 3s,0lI.oOo
bushels against 60 103. 900 a year ago
and So 439, 900 bushels al the correspon-
ding date Of 1898. Following that the
bull contingent took fresh courage and
raised the price TO 6SA cents before IL
o'clock. Chicago receipts were 9S cars
81 cars Of which were new red winter
only eight of which were No. 2 On
the corresponding day OF last year the
receipts were LOS cars. OF which s39
were contract. The total receipts at
primary markets were 1000 bushels
against /, 1854 900 bushels last year. From
the four principal ports $1,000 bushels
Of wheat and $4,000 packages of flour
comprised the shipping for twenty
four hours. To make amends for this
in some manner, the quantity on
ocean passage was 100000 bushels less
for the week. European continental
markets came higher at the close, more
especially the Paris quotations. which
gave an advance equivalent to ia
cents per bushel. That was the sus-
tanning influence which kept the price
firm at between ssh and 6SX cents In
the afternoon. 1t was reported early
in the day that IS. 900 bushels of wheat
had been worked from here for ex-
port but although some negotiations
were in progress for such quantity
they had not resulted in business up
to the end Of the session. Baltimore
reported boat loads taken there for
export. The price here again dropped
to 6SA cents, rose once more to 90
cents and closed at 6sts3% cents
Corn was weak under the favorable
crop prospects and for the greater part
OF the session the traders did not APP
pear to care which delivery they sold
short. September, although an old
crop delivery, being highest, appeared
to be the most attractive for the sell
lers. The bearish feeling lasted until
within an hour Of the close about which
time the strength of wheat caused some
fear and reconsideration OF the mat
ter. especially as regarded sales for
next months delivery. September re-
covered 81 cent OF its decline but at
the close was still 1sGA cent below
Saturdays final quotation. May at the
close had lost nearly l cent per push
Ell. thee losing today being 33& and 337s
cents compared with 34%434A cents
On Saturday.
Oats declined again and displayed
a very weak feeling throughout The
easiness and lower prices were a con
tnuation of Saturdays market with
some assistance from Cincinnati. A de
crease of Lib. 900 bushels IN the visi-
ket recovered slightly. September op-
ened at from 211s TO 21L cents. sold at
21% cents. dropped off to 20% cents.
which breaks the record again for the
lowest point of the session and closed
at POS cents.
Provisions fell In value IN sympathy
with the decline IN the price OF corn
and absence of activity IN the demand
for hog products The continuous de-
cline In these articles brings out sac
rifcial offerings Of long stuff on every
lower quotation. The receipts Of hogs
were only 1900 Owing 20 the very
small hog movement prices opened up
strong and a shade over Saturdays
closing rates but in the end September
had lost 22i2 cents and lard and RIBS
each 12I. cents
Estimated receipts for Tuesday are:
Wheat rs cars; corn 575 cars: oats 3l3
cars; hogs 5000 head.
(bIc.ro Make.