The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-26

Chicago. June 25.-The grain markets
all opened weak and closed strong to-
day. Compared with YESTERDAYS clos
ing prices, wheat wound up with a
gain of about is cent, corn, IL cent
and oats improved i cent. The is
cent advance in wheat was in acknow-
ledgment OF the extremely poor out
look for the winter wheat crop. Cali
fornia now joins the army OF the Grip
pies with a prospective half crop, and
bad reports were also received from
other states. Provisions joined the
procession and scored fair advances.
Wheat opened weak and at from 4
TO Is cent under the closing price Of the
previous day. 1t was rather firm for
d time at the decline and improved L
cent or so in about ten minutes, then
declined q cent. All that was pdelim-
mary 10 an advance OF rs cents, meas
uring its amount from the bottom OF
the early decline. September has now
become the active trading feature and
at odd moments during the session
brought cents premium over July.
The opening price for September was
from 715s cents to 71Ss cents. and after
a short advance 10 721s cents. il drop
ped TO 717s cents, and from the latter
point commenced an advance which
eliminated before noon 10 49, cents
1t then began 10 decline again and on
reaction touched 722. cents about 1880
O'Clock. The opening weakness and
the break which followed the slight
advance Were seemingly the result OF
lower quotations from abroad. Liver
pool at the opening was quoted in poor
demand at from Il pence TO 4 pence
decline. Private cable advices brought
selling orders, and although a cable
gram from Hamburg reported the mar
ket advancing, all the other continents
and United Kingdom exchangessreport-
ed lower prices. Antwerp closed 12l.
centimes lower, Paris from 20 to -
centimes lower and Berlin from / mark
10 ~ marks lower The reaction from
13i2 cents was due to the weakness Of
the markets. The recovery from the
first break was occasioned so far as
any piece of news was concerned. by
the receipt of a dispatch from Detroit
stating that the wheat crop in Michi-
gan had deteriorated 20 points since
June 1. Reports OF damage by rust
in the northwest and disappointing
threshing returns from this state kept
the fever up. and st. Louis as usual
kept the pot boiling with kilograms
which ran the bamut of damage. coun-
try milling demand and small stocks.
The receipts here Were only "a cars.
and II of these were from private city
house. Minneapolis and Duluth re-
ceived 1S2 cars, compared with 27O a
year ago. The total exports from all
the chief shipping countries last week
to 9.777, 900 bushels. the week
ly requirements of the Importing coun-
tries being about 100000 bushels.
Bradstreet's visible statement gave the
decrease in the worlds stocks since
~ IL
active during the greater part of the
forenoon and in spots during the latter
half of the session. but was generally
strong after the first half hour. The
best prices Of the day prevailed near
the end. and the closing strength was
owing to private advicess confirming
previous serious damage to the wheat
crop of the states on the Pacific slope.
One-half crop from California. Oregon
and Washington is now talked of. Sep
tember rose at 73ts cents and closed at
tho same.
The demand for corn. both spot and
for future deliveraies, was good and re-
suited in an advance. The amount re-
ported sold for shipment was 100. 900
bushels The receipts were 164 cares
by rail and $4,000 bushels by canal. Ex
ports from Atlantic ports were $4,000
bushels. Estimates for tomorrow am
ounting TO only 1O6 cars. gave some
strength. Bradstreet's made the de-
crease in the visible supply for the
week ] .395. 900 bushels. Hot winds in
Nebraska and Kansas were reported
as damaging the crop. July sold at an
cents at the opening. to 4S1z cents near
the close and the latest trading was
at 4S7s cents.
Oats were active during the latter
part Of the session An easier feeling
and lower prices were noticeable early
In the day, the result Of continued free
disposing of stuff. The short buying
was quite equal to the offerings. how
ever. and stuff was quite readily con-
sumed Prices were also advanced
and closed steady. September ranged
form 26l4 cents 10 81 cents and closed
at 26s. cents.
There was A fair trade in provisions
and a somewhat advanced range OF
prices Pork started with a gain OF
from 215 to cents and wound UP with
81 cents added to its value since yes
terday afternoon. Lard is ~ cents
higher and ribs from az to 10 cents
higher. Hog receipts today were 1900
The moderate receipts together with
the strength in grain caused the adj
vance.
Estimated receipts for Wednesday:
Wheat. II cars; corn. IS cars; oats, $50
cars; hogs. $4,000 head
Chicago Market