The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-21
HAD A FIGHT FOR 1T
WHEAT GETS A ONE-EIGHrH CENT
ADVANCE FROM THE DAY.
Export Business II the Sustaining Factor
Sixty Boat Loads from New York.
Shorts Buying Produce an Early Ad-
vsnce--Gener2l News Favors an Advance
Except tho Good Reports OF Spring
Wheat--Corn Receipts Lieht--Closes
Unchanged. As also Oats--Provisi0ns
Raided and Close at Declines.

Chicago, June 2o.-After an early de-
cline and hard struggle around Il
cents. wheat wound up at ~ cents. or
* cent higher than yesterday. Fair
export business prevented a decline.
Corn and oats closed unchanged but
provisions were weak, closing at de-
cunes.
Export business, il was said was
necessary 10 maintain wheat prices, ev-
en- around 20 cents. New York report
ed particulars of sixty boat loads TAX
en- there and elsewhere for foreign ship
ment yesterday and claimed 10 be work
ing more today, but no great enthusi-
asm among buyers was observable for
some time after the export business
had been made known 10 everybody.
The first trading at the opening was at
us to IA cents. at which prices the
offerings were light. The shorts SEEM
ed satisfied TO buy in their wheat at the
opening and it was due almost entirely
10 their efforts 10 do so that quick
rise to 72ss cents took place. Following
that it had a break to II cents and then
rose again TO y cents under the infiu-
ences OF the export business. The gen
eral tenor of the market news was in
favor Of an advance, about the only
bearish features being the Continued
good reports OF the spring wheat and
the readiness with which the European
markets respond TO a decline here.
The Minneapolis and Duluth receipts
We're lao cars, against 16l cars last year
and 965 cars on the corresponding day
of 1898. Chicago received Il cars in
Guiding nine from irregular city houses
st. Louis reported sales Of wheat at
considerably over the July price for
shipment 10 points in Tennessee and
Missouri and in those states rains We're
interfering with the harvest. II rained
yesterday in southern Indiana and SOU
thern Illinois and Tennessee, Kentucky
Ohio and Missouri, and generally raj
ny condition was reported throughout
the Ohio valley. The export clearances
of -four and wheat from the Atlantic
ports equalled 600 bushels of wheat
l31, 900 bushels being in the shape OF
wheat. Anything over ~ cents for Jul
~ brought out enough selling orders
to keep it under that figure during the
greater part of the day and similarity
at under 11e cents there were wait
ing buying orders. The latter were
more numerous at the end and the MAJ
ket took on strong appearance. The
sellers a Y cents We're afforded an Op-
portunity to sell at that as the session
was nearing its end, and there were
buyers at IFS cents as the bell tapped.
Corn was moderatively active. further
unsteady, but in the main firm. The
receipts were again light, the number
inspected into store being 90 cars. St.
Louis reported $4,000 bushels sold for
export there In the last ten days 400
600 bushels were sold for shipment TO
Mexico and the est Indies, according
to advices from New York. July sold
at 40 cents at the opening and as high
as 1914 cents a few minutes later, after
which il sold as low as 4s7s cents, then
Up To 1917 cents and closed at AGA. cents.
Oats were even quieter than yester-
day. The entire business of the day
was confined to a few local trades. Fluc
tuations were narrow and Influenced
entirely by wheat and corn, opening
about steady, advancing a trifie, and
resting just where they closed yester-
day. September sold from 2Sk to 2S5s
cents. and ended at PSI cents.
Some one instigated a raid on provis-
ions during the day. The highest pri-
ces of the day were made at the OPEN
ing. but near the close there was some
buying which caused recovery from
bottom prices of Is cents in pork, 21a
cents in lard, and cents in ribs, but
that still left losses Of 10 cents in pork
Hog receipts were o, 600
Estimated receipts for Friday are
Wheat % cars: corn 10 cars, oats $50
cars; hogs $4,000 head.