The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-10
GOES WITH A RUSH
JULY WHEAT CLOSES TWO AND a
FOURTH CENTS HIGHER
Opening Bids Half Cent Better Than
Wednesdays Close--Advance Continues
and the Strength Holds Out to the Close
Despite Lower Cables--Midday Reaction
Improved by Early Buyers, Who Buy
MOre--Big Damage to the Winter Crop
Reported--Corn and Oats Make Gains--
Provisions In Sympathy With Corn.

Chicago, May 9:-Wheat went up with
rush today on crop damage reports.
July close 2H cents higher: July corn
gained g cents and July oats Is cent.
Provisions also made modest gains.
Wheat opened strong to 63 cents bid
for July compared with 621s at the close
yesterday and it continued firm and
with an advancing tendency all fore
noon selling up to 631a cents and main
tanning itself near the top most of the
time. 1t did react about IL o'clock
TO 631s cents, but that reaction was
taken advantage Of by the early buy
ers to take more and it had another
squirt to 635s cents bid before u O'Clock
II was claimed that a considerable line
OF short wheat was covered for
heavy local bear Spectator. Numerous
reports from various sections of the
winter wheat belt received here today
would almost lead to the conclusion
that disaster to the crop was threaten
ed and this, together with much small
er receipts, added to the strength which
with the bulls held their grip upon pre-
vious purchases and the readiness with
which they added to them Minneapo-
lis and Duluth received $50 cars COM
pdIcu Win Z0o year ago, anu ll4e iOldI
of the primary market receipts were
1872 600 bushels against $4,000 a year
ago. Export clearances from the At
1antic Seaboard in wheat and flour to-
gether amounted to 315, 600 bushels. The
export business was more completely
barred by today's rise in price than it
was before, although Liverpool kept
under the parity of prices ruling here,
the reports from there indicating some
a "
to get all their wants supplied from
elsewhere. The matters last referred
to and the great uncertainty Of how to-
morrow'S government report will be-
received by the crowd, kept the market
strong, and about 1880 the price was
6iA cents bid for July. Some cargoes
of No. red were sold here elf Buffalo
to Baltimore and New York handlers
of cash grain. 1t was reported that
forty-two boat loads of No. spring
wheat had been sold in New York for
export. Although the continental clos
ing cables came weak and lower, the
market ruled strong to the close on the
domestic situation. July closed at 64$i
cents.
The corn market was firm but en-
countered much opposition from houses
who handle the cash grain. The re-
ceiptS We're 100 cars this morning in
place of s. cars estimated, and for to-
morrow 2lS cars are estimated. Pri-
mary market receipts were 100, 900 COM
pared with 1874, 900 bushels a year ago.
New York reported some inquiry there
from exporters and sales of eight or ten
boat loads. The opening price for
July was SIS cents and 5lA cents
simultaneously. The selling by receiv-
ing houses referred to caused reac-
ton to 50Ia cents, but the great
strength displayed by wheat carried
the market beyond the control of the
sellers and caused a second advance to
52A cents with 51M@52A cents the clos
ing price.
Business in oats was Of only fair
volume, and fluctuations were left to
follow the other grains. June started
at % cents. sold at 291s cents, declined
to 2S12@2Sis cents, anu closed at $3.50
% cents. July ranged from 2Sb cents
to 2Sss cents, resting at 2S5s cents.
Provisions were firmer, but did not
gain in activity, although making a
slight improvement in price in SYM
pathy with the advance in corn. Hog
receipts were $4,000 head and 1900 is
the extent Of the estimated run for to- |
morrow. Compared with yesterdays |
close September pork is about cents |
higher and July unchanged. Lard is /
~ cents higher for both July and Sep |
TENDER and ribs are up az cents for |!
July and cents for September.
Estimates for Friday: Wheat % cars: |
corn 21S cars; oats $50 cars; hogs IL, 200 |
head.