The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-18

Chicago, July 1.-THE wheat and
corn markets today opened strong and
closed weak. Compared with the final
quotations Of yesterday wheat is 2.
cent, corn IS cent, and oats Is cent
lower. Provisions were moderately &C
tive and lower in the end.
The break in wheat was the result
of the absence of export demand, ru-
mors of gold shipments and liberal
short selling. The trade in wheat was
crop conditions influenced the first
yesterday. Orders from outside were
as scarce as good crop reports. The
sat severely down upon the spirits
transactions after that the short SELL
ers became the governing influence and
proved somewhat probably due to
Of those who might otherwise have
been buying wheat. To add to the
troubles of the spring wheat the wea-
Their bureau reported light frost proba-
BILE in Minnesota tonight. The receipts
were much lighter than at the CORES
pOnding time year ago. The New
York people are becoming impressed by
the inferiority Of this seasons winter
wheat and are buying old No. red in
Chicago which will be shipped in due
course to help bring up the average
to handle from this seasons crop. They
are buying the cash grain here at
discount Of IL cetns per buShel under
the price of September and selling the
latter against their purchases of the
spot grain. Receipts at Minneapolis
anod Duluth were 121 cars compared
with 236 car loads on the corresponding
day of the year before. Chicago re-
ceipted 10 cars, ~ of them being new,
and only six cars of the latter in spring
contract. The exports from the Allan
tic seaboard were again Disappointing
ly light, amounting to only $4,000 bush
els of which $4,000 barrels were -four,
from the four principal Atlantic ports.
Liverpool and continental markets i'm
proved, somewhat probably due to
yesterdays firmness here. September
opened unchanged at 6S cents and after
a bulge to 681a cents dropped cent and
hung about 6IAQR cents during the
latter part of the session. In the abb
sence of any business from the outside
the local short sellers were able to sup
uly all their neighbors who wanted
to buy and still had some short wheat
to spare after the others had been all
filled up; that was the reason for the
weakness in the end, September, after
selling as high as 6S5s cents, declined
to and closed at 67A cents.
The corn pit was divided in opinion
in Nebraska and Kansas. Early in
the session the damage was apparently
taken seriously, but later on it was
receiving very little credit. Frost was
an item in the influence and before
noon caused May TO jump q cent from
around 37K cents. The decline in the
price of wheat near the close was adj
versely affecting corn at the same time
The lowest prices of the day were pre-
vailing between the last morning bell
and the final closing signal The range
In September was from 461s down to
Ash cents, with ASS cents the prevailing
price at the close. In May the range
was 1914 cents to 81 cents and the
closing price 371s cents. Receipts today
were 100 cars.
In oats the business was only Of an
ordinary character. The tendency of
the speculative markets was toward
edSineSS and lower values were found,
although during the early part of the
session, a slight advance was scored.
Fluctuations were ruled principally by
wheat and corn. September opened
at 23A cents, sold up to 1895 cents,
down to % cents and closed at 23Q23B
cents.
Provisions opened firm and a trifie
higher in sympathy with the early
strength in wheat and corn. They be
came weak, revived again and finally
closed at a slight decline in pork and
lard, but a trifle higher for ribs. The
closing price of September pork was
5000 against S10.S5 on the day before
Lard is now $3.50, against s6.321a yester-
day, and September ribs are s61712,
against s6121aG15 yesterday. Today's
receipts were 5000 hogs
Estimated receipts for Thursday are:
Wheat So cars; corn $50 cars; oats rs |
cars; hogs i, 900 head.