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

Chicago, June HELPED by crop re-
ports and cables, wheat started to-
| day with promise Of wild advance,
/ but became tame later under heavy re-
| aliZing sales, closing but q cent higher
and 1 cent under the top figures. Corn
| closed Y cent lower, oats IS cent lower
and provisions lower for pork but slight
| ly higher for lard and ribs.
Wheat got a virogous hoist at the
opening. The range in price for July
at the start was from S01a to 81 cents.
Only one or two fiyes We're secured at
the lower figures at the time referred
to, the great bulk of the first few min
utes' business being at from SOS cents
to 81 cents. Inside of the next minute
or two Il cent was realized for a chance
ten but there was heavy trading for
few seconds at S1k cents. The regular
closing price yesterday was 1914 cents.
There had been no rain in the winter
wheat belt in the last twenty-four
hours and none was predicted for that
space Of time to come. Spring wheat
had been again plentifully watered and
more rain was promised for tonight
and the fine promise it sgiving helped
to keep the market from getting be-
yond control. Perhaps the chief in
fiuence in preventing the price from
running heavenward was the uncertain
ty regarding the nature OF the forth
coming government report. The Liver
poor market was IL jence higher for
futures and a half penny up for spot
wheat. Logan and company'S private
cablegram from Liverpool remarked
that there was a milling demand for
wheat. Hitherto Liverpool dispatches
have ascribed the advances entirely to
speculation. Berlin was from IA to
IL marks higher. Paris also sent i'm
proved quotations. The days move
ment included twenty cars loads re-
ceived here, but only eleven cars came
from the country, nine being from pri-
vate city warehouses. Minneapolis and
Duluth received 245 cars compared with
272 on the corresponding day of the
year before. The export clearances from
the Atlantic seaboard were very light,
amounting to only 900 bushels in
wheat and flour together. st. Louis
stocks have decreased 100000 bushels so
far this week, leaving them with only
about 200 bushels, according to the
telegram from there. Immense guam
titles of long wheat were disposed of.
Logan and company, alone, is was re-
ported, sold out six million bushels.
The price of July dropped twice to S0A
cents and recovered as often to 81
cents. Its last drop took it to 1875
cents, but at the close S0A cents was
bid.
Corn rose at the opening in sympathy
with wheat but became very weak and
helped to pull the latter off its perch
near the close by the heaviness 1t dis
played. The reports concerning the
promise for the next crop seemed too
good and the acreage planted too heavy
to permit of any lasting enthusiasm on
the bull side. July started at o51a
cents IS compared with 521s cents at
the close Of yesterday. 1t dropped near
the close to 52A@S cents and closed at
523sQ1s cents.
Oats were only fairly active. Fluc-
tuations followed wheat and corn, open
ing rather firm and higher, but declined
later September ranged from 81 y
cents to 3O@SOh cents and rested at the
low price.
The provision market opened firm
at higher prices on account of the buoy
ancy with which wheat and corn in
augurated the days business. 1t
weakened later in response to the lead
again given by the grain markets late
in the session and closed with loss of
from cents to ~ cents in pork but
rather firmer for lard and ribs Lard
at the opening was unchanged and at
the close was nominally 21a cents high
err for the day, and ribs unchanged for
September but 212 cents higher for July.
Estimates for tomorrow: Wheat, Sc
cars; corn, $50 cars; oats, 2l5 cars; hogs,
Is, 900 head.
Chicago Market.
The leading futures ranged as follows: