The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-23
WHEAT is WANTED
LIGHT RECEIPTS AND BAD CROP
REPORTS ARE TIE CAUSES.
An Advance of Cent and a Quarter is the
Shipments less and q Surprising Short
ness In Domestic NEUTRALITY-SUSPICIOUS.
Corn Strong and a Cent and an Eighth
Higher--Oats Depend on Wheat and
Corn and Gain an Eighth Cent--PrOvis
ions Brisk and Close Higher.

Chicago, July 22.-Helped by light re-
cepts and bad crop reports wheat was
in better demand and closed at an ad-
vance of IL cents per bushel. Septem-
Der corn gained rs cents and Septem-
Der oats closed Il cents higher.
Further damage to spring wheat was
reported and that started the market
and gave it its direction for the day.
Other later features Of the days news
likewise prevailed bullish and brought
in fresh buying orders from the out
side at such times as the market ap-
peared TO require them. September
wheat, which on Saturday was in only
moderate request at 6l4Gss cents,
started this morning with buyers at
from 611a cents up to 6l4 cents and
sellers rather reluctant TO part with
much at that time even at the better
prices offered. In about ten minutes
6SA cents was being paid and that was
the highest point it touched during the
remainder of the forenoon. Besides
the bullishness of the northwestern
spring whe-t situat ton, the world
shipments last week were about 1000
900 bushels less than on the week be-
fore; there was a consequent decrease
on ocean passage, and comparing the
domestic receipts today and year ago
a surprising deficiency is shown for the
present season. The early quoted Liv-
erpool IL pence lower but the second
cablegrams reported an advance of
pence over the opening prices. Berlin
advanced 1a marks. The Chicago re-
ceipts were nominaly 63 cars COM
pared with 400 cars on the correspond
ing day of the year before. OF tOdaY's
nominal receipts Is car loads were old
wheat transferred from irregular city
warehouses. Out of the new wheat
only three car loads were No. 2; in last
years receipts on the corresponding
day 2S5 cars inspected No. 2. The WIS.,
ible supply was rather a diSappoint-
ment to the bulls in that the weeks de-
crease was only $4,000 bushels as
against about double that quantity ex-
pected. Compared with last years in
crease $4,000 there was not much in
today's figures for the bulls to worry
over and neither did they grieve about
it very long. The price dropped back
TO 671a cents after the visible was post
ed but gradually began to recover and
in the end it had quite recovered from
its midday hesitation and began to act
more in union with the character of the
news. The amount on ocean. passage
decreased 2,0S0,000 bushels. The
amount in the visible is now 40,4S3,000
bushels against So. 7S5 900 bushels a year
spending date in 1893. The market be-
came strong in the last twenty min
utes of the session and about ten min
utes from the close September was
bringing 6Ss. cents. The latest trading
price was 6S5s cents.
Corn was strong for September and
ia ther heavy for new crop deliveries.
September opened with a moderate adj
vance and gradually gathered momen-
tum as the session advanced. May
warmed up at lie cent improvement
after the opening at q cent decline.
The closing quotations were September
As cents and May 1855 cents compared
with 43N cents and 1855 cents on Sat
urday. The crop prospects could not
be improved upon but on the other
hand the demand for spot corn is quite
brisk and il is that, coupled with a
heavy short interest in September. that
caused the flrmnesS in that delivery.
About leo. 900 bushels was reported to-
day for shipment in round lots. New
York reported % boat loads taken for
export.
The market for oats developed few
features of interest. The market was
firmer but ii was entirely in sympathy
with wheat and corn. September open
ed at 2224 cents. sold off to 222s cents.
advanced to 223s cents and closed at
22& as cents.
In ten minutes from the opening the
traders in the provision pit had for
gotten all about heavy run of hogs
and We're in brisk competition with
each other for the hog products on
sale. Cudahy, who is credited with be-
ing short to a considerable extent, was
a buyer of ribs on a slight decline at
the start and Armour & Co, took the
early offerings for pork. From S10S712
for September. pork rose to s11.35 and
closed at s11.20 compared with s1097ia
on Saturday. Ribs for September were
| from $3.50 to S6421a, and closed at s6.33
| G6.371a. Lard closed al S6.421aG As
after selling near the opening at S6.37Ia
Estimated receipts for Thursday:
Wheat, IS cars; corn, 800 cars; oats, leo
| cars; hogs, $4,000 head.