The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-30


erod. but Closes Lower Oats and Pro-
visions nicher-Estimated Receipts.
Chicago. July 2s.-Wheat was irreg-
ular today but finished with s. cent
gain, helped by better cables and lib
eral visable supply decrease. Septem-
Der corn closed Is cent er;September
oats Is cent higher and provisions at
advances.
The wheat trade was surprised to
find that the Argentine shipments for
the week instead OF being under 100.-
600 bushels or mill, as one cablegram re
ceived on Saturday had IL, really am
ounted TO the quantity o. 6s0.000 bush
els. That was the reason for a quick
decrease at the start from 7l7s 70 III.
cents for September wheat. II had
barely touched the lower OF these quo
tations. however, when IL started up
again in hurry and inside OF the
lrst hfteen minutes il had risen 10
Ie4 cents. The rise was very irregular
after that, with a strongly bullish I'M
dertone TO the small business which
was going on. From 12L. cents il drop
ped 10 t1Ss cents. rose again to ~ cents
and after some immaterial fluctuations
1t got TO a still higher point than before
getting 10 i29s cents about two hours
from the opening. The Russian ship
ments for the week were reported at
from 2,220, 900 bushels up 10 $500 900
bushels, and midas at only $50. 900
bushels. Estimating the shipments
from sundry ports at 100000 bushels
and assuming the Russian shipments
al 100000 bushels. the worlds ship
ments for the week would aggregate
$3.50, 900 bushels. That being under the
recent average was instrumental in
causing the advance and strength of
the forenoon. The primary market re-
ceipts compared with those OF the year
before exhibited the same striking de-
fciency for the present season as they
have been doing since IL COMMENCED.
New York ruled strong, and the differ
ence in price between there and here
widened TO AZ cents per bushel. The
visible supply also showed up we'll for
the bulls. but before It's figures were
announced the days advance had, APP
parently run its course, and by that
time the early buyers were looking for
some sustaining feature 10 hold the
market for them while they unloaded.
The price of September was 721s cents
when the visible supply figures were
made known and in twenty minutes
thereafter It had declined TO 71I cents.
Chicago receipts consisted of 10 car
loads by rail and 10.500 bushels by
canal. The latter was all No. red but
only three cars of the rail receipts in
spected No. 2 red. Minneapolis and
Duluth received 24s cars against 4S2
year ago and the total OF the pri-
mary western market receipts were
$4,000 bushels compared with 1.169,o00
last year. The export clearances from
Atlantic ports for "A hours Were equal
to about $4,000 bushels including flour
The visible nominally decreased 1880
600 bushels. AS a Chicago elevator had
100000 bushels which was counted in
the stocks in sight last week and not
included today. the actual decrease
for the week was only 5000 bushels.
The total in the visible supply is now
SO, 229. 900 bushels against 81, ISL 900 last
year and So. 307 900 at the corresponding
date of 1898. The quantity on ocean
passage decreased 100000 bushels and
the English visible increased 500. 900
bushels. After the selling out OF long
wheat which followed the posting OF
the visible statement, another set Of
operators began picking II up again
and near the end II was bringing 72s
cents again with 72H cents the trading
price at the close. The Liverpool, Paris
and Antwerp markets all came firm
and slightly higher at the close, and
Berlin was unchanged for near deliv-
lower for the more remote futures.
Corn held quite firm considering the
further progress under favorable wea-
Their conditions and the biggest crop on
record as far as it has gone. The good
demand for cash corn was the main
stay of the special delivery. and It IN
turn helped May. The receipts were
$50 cars. Argentine shipped LAPS, 900
bushels last week. The visiblep supply
decreased 734,0 bushels compared
with an increase the week a year ago
of 125. 600 bushels. The total visible
supply is now 5.20s.0 bushels against
$4,000 at the similar timea year ago.
The demand for spot corn was OF suffi-
cient urgency to make II salable at y
cent premium over September. and ev-
en- q per cent over an exceptionally
favorable position. The range for Sep
TENDER was narrow. 42& cents being
the lowest and 43k cents the highest
for the day. II opened at AZ and 427s
cents and sold about the same time
al 42at cents. 1t chung around 80 cents
during the greater part of the day and
was bringing 1917 cents at the close
May closed at 35l cents, or 4 cnet
lower since Saturday.
Oats were inactive and almost rsa-
tureless. The average tone OF the mar
ket was inclined toward firmness, af
fected to some extent by a higher cash
market but mostly IN sympathy with
wheat and corn. The visible supply
showed a decrease in oats OF 100000
bushels and left the total stocks In store
4.sS1 600 bushels. September opened al
22ss cents; sold up 10 222. cents. down
TO 221a cents and closed a. 22Ss cents
and 3. cents.
The provision trade was dull and give
very little indication OF Improvement
in prices until near the end Of the ses-
sion when a demand sprung up which
left values at Si0s21a for September
pork, $6.37ia for lard and 1915 for ribs
These prices compared with the final
quotations on Saturday show gains IN
pork. lard and ribs OF 17ie cents. for
the former and cents each for the
latter.
Estimates for Tuesday are: wheat