The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-03

Chicago. Aug. 2.-The rumor OF gold
exports scared the bulls today and all
board Of trade markets closed lower
Wheat closed at decline OF IL cents;
corn lost 1 cent; oats. 5. cent: pork. IS
cents per barrel; lard cents and ribs
~ cents per hundred pounds.
A nights considerat ton Of the exist
ing conditions OF the wheat market once
more caused reversal of general senti-
ment. Some few who had interpreted
the surrounding differently from the
general crowd bid from u 10 = cent per
bushel over the closing price OF the day
before. but they We're Immediately over
whelmed with offerings and in cOnse-
quence those who wished 10 buy wheat
and waited fifteen minutes. got all they
wanted at 6S7s cents. The opening quo
taticns for September were 30 cents and
697s cents against 6S2. cents az the close
The early dispatches from New York
had for their prominent features that
s., 800, 900 gold would be shipped from
there tomorrow there was nothing else
in the early telegraphic news 10 account
for the great change in public opinion,
but that was enough 10 deepen the dis
trust with which the traders came pre-
pared. The depression deepened stiH
further as the forenoon waned until al
about Il O'Clock September wheat was
down 20 6s1s cents. The Chicago IN
spection showed fifty-two car loads OF
new wheat received and only three of
them up 10 the contract grade standard
A year ago receipts here were $50 cars
Of which 1913 Were OF contract quality.
The total receipts at primary western
markets were SOL, 900 against S1,OOo
bushels a year ago. The only disturb
ing feature OF the statistical exhibit
was as before, the exports. From the
four principal Atlantic ports the exports
for the twenty-four hours comprised
only 1900 bushels Of wheat and 5000
barrels OF flour. The stocks OF wheat at
Minneapolis have decreased 100. 600
bushels this week and at Duluth 10000
bushels. according to advices from there
Notwithstanding the almost complete
stOppaGe OF the export trade another
substantial decrease in the visible sup
ply seems assured. The foreign mar
kets were firm at the opening. Liver
pool quoted y pence advance: Berlin.
l. mark gain, and Paris was quoted at
only a small fraction lower than II clos
ed yesterday and had turned that into
an advance at the close. The reason
for the upturn at Paris during the day
was on account of rainy weather IN
In the afternoon there was a tendency
TO recover from 6S1s cents. Near the
close the price was holding firm around
6S1R cents. The firmness OF the foreign
markets and the taking of few more
loads Of red wheat - Baltimore and
spring at Duluth tended 10 give the mar
ket here the appearance Of f1rrnness Il
was exhibiting after its considerable
break. The closing quotation for Sep
ternber was sS15T6s cents.
Corn weakened in the afternoon,
after a firm start Al an advance OF Il
cent over yesterdays closing quota t1on
for September The opeing trades We're
at A cents in a few cases but there were
very few sellers at that. II dropped
gradually at first but later the decline
became more rapid until the price was
down TO 4215 cents: II then recovered 20
42at cents. at which price lot was sold
The opening of May was az S54 cents
and II declined to 347s cents and closed
at 35G35k cents. The days receipts
were 3i4 cars and for tomorrow 40 are
the estimated arrivals. The cash de-
mand was perceptibly reduced and as
| that ia been the principal offset 10 the
fairly good receipts, the weakness was
! doubtless due in 4 large part to that
change.
Oats opened steady az yesterdays clos
! ing quotations and held so for some
I time under the influence OF RellSf'tI bb-
ing orders from shippers and New YORK
people Later on the market coDtract-
ed a very easy feeling from corn and
lower prices resulted. September open
al at 221s cents. sold down 10 2l&s cents
and closed at 21S4 cents.
The provision market opened firm he-
cause Of published stocks at the end OF
the month proving smaller than had
been expected. They were not sufficient
" reduced. however. to prevent the
general break in grain affecting specu-
lotive sentiment The price Of every
thing yielded to pressure from the short
sellers in the afternoon. Pork for the
day closed with a decline OF s. cents,
lard cents and ribe III cents.
Estimates for Saturday: Wheat, -
Gears; corn, AIS cars; oats. 215 cars; hogs
. 5000 head.
bat