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

Chicago, June 5.-The bears jumped
| on wheat today and knocked Il cent of
it before the session had closed The
bulls had succeeded in tossing IL up
/ Is cent and II closed only L cent lower
than that. Corn followed wheat and
closed with a gain of 4 cent. Oats
| are up Is cent, but provisions show a
loss OF cents ali around after having
been lower.
Wheat had again a very weak open
ing. The starting point for July was
over the range covered by 1915 cents
and 16l4 cents, with very little for sale
below 10 cents. y considerable guam
tity changed hands at the last named
quotation, however, and for a few
minutes the market went staggering
around as If the wheat out of doors had
imbibed something stronger than wa
ter and had communicated its conse-
Guent unSteadineSS TO the price. Some
scattered showers were reported as
having fallen throughout Ohio during
the night and foreign markets went
lower. That a feeling of depression
appears to be spreading among the
spectators as a consequence Of re-
action from the too eager buoyancy
which recently prevailed, caused the
weakness at the opening. was apparent.
The crop news received from private
sources was generally as dishearten-
ing as before, although there appeared
TO be a difference of opinion in 81.
Louis regarding the amount OF damage
done to the wheat crop in Missouri.
Some reports claimed the prospects OF
three-quarters OF an average crop,
while others We're confident that there
NIL nr he. ~ az
age crop raised in that state this year.
The total shipments last week 10 Eu-
rope from the exporting countries
amounted 10 about 5000, 900 bushels, in
Guiding the 100, coo bushels from this
country, 3, 500. 900 from Russia and ], 440.
900 from Argentine. The market took
on a firmer tone when IL was observed
that some weak holdings had been dis
posed of in the first few minutes of the
session. The offerings came from the
short sellers and the bulls saw then
just where they stood. The first SUBJ
Stantial assistance received by the bulls
came from the inquiry which sprang
up for cash wheat At the commence
ment this was confined TO the local
business, but later Duluth advised a
sale of 100000 bushels for export, be-
sides $4,000 bushels for winter wheat
mills. The prices had many rises and
falls from "a cents to IS cents, but final
ly bounced near the close to I7la cents
and left off with buyers at III. cents.
Corn was weak for a few moments at
the start but soon changed its tone.
The prediction of dry, warm weather,
with last years experience or the ef-
feet of such, and the falling off in the
receipts here were the reasons for the
strength which succeeded the early
waknesS. July opened at 5oI2 cents.
rose to SIS cents and closed at 5l1a
cents compared with 81 cents on yeSter-
day.
Oats were irregular and while trad
ing was quite active, throughout only
a fair business was transacted. The
disposition to buy was about equal to
the selling offers, and when stuff was
offered sales were quite readily effect
ed. Punctuation were entirely infiu-
enced by wheat and corn at the open
ing and an easier feeling was notice
BILE. accompanied by lower prices.
which remained during the greater
part of the day. At times prices
would take an advance and the close
came during one of thes periods.
showing an advance of from 1s4ta cent
over yesterday.
Hogs numbered $4,000 and the market
was weak. Provisions, with that to
start on, were heavy and gave little
declines in July and September of ~
cents and 10 censt respectively, made
a further slip OF ~ cents but recovered
and closed with a net loss Of cents
for the day. Lard was heavy. The
loss for the day was cents. Ribs lost
. cents.
Estimated receipts for Thursday:
Wheat 30 cars; corn 800 cars; oats 155
cars: hogs $1,000 head.