The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-13

Chicago. June 12-Wheat dropped
cents today, influenced by the rains.
weak cables and general profit taking
Corn closed z cent lower, oats y cent
lower and provisions at moderate
declines.
The rain in this region. which came
in express contradiction OF the signal
service, was the influence under which
wheat opened quite weak and from
y TO q cent below yesterdays prices
July sold at from 1875 cents down 20
1885 cents with a great deal for sale by
one or two heA,y commission houses
and a demand for il all by the local
talent. The latter made rapid change
of front before two minutes OF the ses-
sion had passed and proceeded 10
throw over the wheat they bought al
the start. A decline 10 1914 cents with
some sales as low as 1885 cents. result
ed from the local selling referred TO.
1t began to crop up after that. and in
the course of half an hour it had touch
ed sO1s cents. The rise was due 10 in
formation of a reliable character re-
garding the status ofthe California
crop, which IL is now established has
been damaged by rust TO serious ex-
tent. The northwestern receipts were
I6l cars at Minneapolis and Duluth,
compared with 20 on the corresponding
week of the year before. The exports
of wheat and -four from the four prin-
cipal Atlantic ports were small enough
TO be not worth mentioning, 1900 push
els comprised all the wheat ana l.fVo
barrels was the extent OF the Hour bal
timore claimed to be within working
limits on some wheat for export ne
ports from Missouri and Ohio contin-
ued to reduce previous estimates OF
the expected yields; fields which ten
days ago promised eight TO ten bush
els per acre are now considered either
entirely valueless or promising not over
five bushels per acre. Duluth report
ed 125 900 bushels of cash wheat SOLD
there's, 900 bushels of il for export ana
the remainder to a winter wheat miller
The Liverpool market was quiet, easier
and y pence lower. Berlin was up
from Is to pa marks. The market here
became very weak and by 1O:iO O'Clock
July wheat was down 10 1915 cents and
after a rally of y cent II sold at ~
cents, from which there was another
- cent recovery, followed by fresh
decline. The most frequent remark
heard on the floor was that new wheat
would be available in short time ana
try millers at Chicago, st. Louis, Tole-
do and Detroit. The price kept Stub
bornly close to 70 cents up TO II O'Clock
but after that sold down rapidly until
it touched 1915 cents. Then there :'as
moderate rally, the close being AT
7Sk cents.
Corn which was thought to have
benefited TO a vast extent by the recent
general rains, was weak. There was
some export business reported from the
sea board amounting to twenty-SeVen
boat loads-a small matter. but an item
in favor Of the bulls. The local receipts
were 134 cars. July opened at from SOS
cents, recovered TO SIS cents, declined
to 503s@1s cents and closed at SOS
cents.
Another active day was passed in the
oats market. The rain Of the last TWEEN
ty-four hours started the decline, and
the weakness in wheat and corn was
also accountable for some assistance
BaldWin-Farnum were said to have sold
out a heavy line they had. for Wall
street parties September ranged from
500 301s cents to 29la cents, resting at
29A4A cents
The provision market was heavy in
tone and dull as to the amount OF trade.
Pork started with a loss in value of D
cents, declined another 10 cents and re-
acted cents, closing with net loss of
Is cents. Lard dropped cents of its
previous value and ribs about an equal
amount. The hog receipts were $4,000
head. The decline was mainly through
sympathy with the weakness In grain.
Estimated receipts for Thursday are:
Wheat 20 cars: corn 40 cars; oats 1S0
cars; hogs 10000 head.