The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-13

the Areas Damaged In the Spring
ers to Come on with Their Winter
Wheat is Taken as Evidence that They
Haven't Any Winter Wheat to Come on
With-septemberC Corn Up, May Down
Oats LOwer-Provtsions Weak.
| Chicago, July 12-Wheat was strong
again today on a continuation Of re-
ports Of damage to spring wheat and
light receipts at winter wheat markets.
A lot of $1,000 bushels Of red winter was
sold here for shipment to millers in
Ohio. An advance Of another 1 cent
per bushel since yesterday was the con-
sequence. Corn advanced IA cents for
September and declined Is cent for
May delivery, and oats closed Is cent
| lower. Provisions were weak in the
end, Notwithstanding light receipts Of
hogs.
The wheat market opened very strong
at from 67as TO 675s cents for September
and it took only about fifteen minutes
| continuance Of the opening push" TO
get the price up to 6Sas cents, of 62s
cents per bushel recovery from the low
est point it touched so recently as on
Tuesday All the reports of threShing
returns confirmed the worst which has
been said of thorough destruction
wrought by heat, dry weather and in
sects in the winter wheat country. Fair
ly liberal deliveries Of winter wheat
were looked for as soon as threshing
should be fairly under way, even If the
crop was mall, but there has now been
ample time for the farmers to get their
wheat in, and il does not come. 1t now
appears probable that no matter what
may be the outcome to the spring wheat
the deliveries Of the new winter wheat
are likely TO be so small as to secure a
weekly reduction in the visible supply
until new spring wheat is ready for de-
livery. Farmers have had their wheat
ready for a month, and yet the aggre-
gate today received at st. Louis, Kan
sas City, Toledo, and Detroit was only
100 900 bushels compared with 190, 900
bushels at the same places year ago
and the crop al this time last year was
only beginning to be threshed. The for
eign markets were higher. Liverpool
was up 4 d at the opening, Paris 10 CEN
times and Berlin from 8 to 81 marks.
The London Times estimates the con-
dition of the wheat in the United King
dom at 1913 on an area of 20 per cent
smaller than that Of the year before.
Export clearances were small, only So
600 bushels Of wheat being reported
from the four principal Atlantic ports.
Chicago receipts were 49 cars, 81 of
which were new and eight Of the latter
We're No red. Minneapolis and Du-
luth reported "a car loads against 1S7
cars on the correspondingday last year.
The early advance to 6Sfs cents was fol-
lowed by a downward reaction to 671h
cents but fresh buying gave it another
n oil
fluctuations occurring between the open
ing and 12:15. The news of damage
from the northwest was sufficiently
convincing to keep the market firm in
the afternoon at from 6S to 6S1a cents.
More positiveneSs was given to the lat
ter dispatches, which also gave details
Of the extent of the country injured and
general opinion was by that time more
incluined TO a belief in considerable
damage. The seaboard reported no de-
mand for export and Baltimore said new
wheat was increasing without any out
let for the stuff. The latest trading was
at ssh cents
Corn was very strong for September
and weak for May delivery. The feat
ure Of the trade was the covering of
shorts. which was sufficiently general
to accomplished without other assist
ance or influence the advance referred
to. The weather conditions were per-
feet for growing corn and that prevent |
ed May from joining September in the
advance. The demand for cash corn |
was choked off by the advance In Sep |
TENDER. Receipts were 17s cars. At |
lantic clearances Were 115,0O0 bushels |
only. September opened Il cent higher !
at 44& cents, ranged from 461s6i69s !
cents and closed at 45A cents.
Oats were feature1ess. The market |
did not respond to the firmness display |
ed in wheat and corn. September rang |
ed from 2S1a cents to 23sG23A cents /
and closed at 2Sss cents.
Small receipts Of hogs had only a |
limited and temporary influence on pro- |
visions. They caused an advance in |
pork in the first ten minutes of the ses- !
sion to 11.55 as compared with S11.32B /
at the close yesterday. After that the 1
price tumbled TO s11.1215 and then re-
covered to s11.271a at the close Lard |
rose ~ cents at the start. dropped 1917 |
cents afterwards. recovering 21h cents.
leaving the days decline at 21a cents.
Ribs pursued a similar course 10 the
Others, gaining ~ cents shortly after
the opening. dropping Is cents and then
recovering az cents, recording 5 cents
as the days loss. Liberal selling on the
hard spots caused the easier feeling.
Estimates for Saturday: Wheat so
cars: corn go cars; oats 215 cars; hogs
G, 900 head.
CHICAGO Markets