The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-16
changed and Provisions Decline.

Chicago. July 15.-Wheat. after a
break OF IL cents on vigorous short
selling, took courage from the bad crop
reports and a liberal visible decres Sc
today and closed at an advance OF lss
cents for September. September corn
closed g cents lower: September oats
unchanged and provisions show slight
losses.
The morning papers gave prominence
70 some reports Of damage 10 spring
wheat. That started the price up from
Col. cents at the close on Saturday 10
61q6Sss cents at the opening this morn
ing. The higher OF those quotations
was realized for only two or three fives,
but good deal changed hands between
the prices Of 61G67A cents. In half AN
hour from the start the price had de-
clined 10 65ss cents and not until the
visible supply statement was publish
ed. showing a decrease Of p IL, 600 BUSH
els for the week, did the price show
much capability OF regeneration Even
then IL only recovered about g cent per
bushel before IL was again smothered
with more short wheat. a general dis
belief in serious damage 10 the spring
wheat crop was the governing feature
of the news that melted the selling. The
continue 10 be Of a very disheartening
character as has been characteriZins IL
for such a length of time. Toledo let
tiers say they do not expect 10 get any
wheat there from Indiana and will have
10 depend on Illinois and Ohio for sup
plies. The reports from the TWO latter
states do not furnish the hope OF much
wheat being procurable there, either.
The foreign markets were all quoted
1nu-ar ha oil fr1f-
cablegrams were of a similar charac-
ter. Liverpool declined I'D. Paris Is
centimes TO 20 centimes and eBrlin "a
mark. The supply now amounts 10 Al
2S1. 900 bushels compared with %. l54. 900
year ago and $685., 600 at the CORES
ponding period in 1898. The worlds
shipments are falling off. They are es-
timated at about $500. 600 bushels for
last week. They have been running at
from 100000 TO 100000 bushels for
about three months previous. Should
the Russian and Argentine shipments
keep dropping off proportionately for a
few weeks, Europe will have 10 bid
openly for American wheat instead of
having 100000 bushels thrust upon
their unwilling hands weekly as il is
now being made 10 appear. After the
early decline to 659s cents, there was a
recovery to 66ss cents and several times
and Sc cents. In the latter half OF the
session some reports were received
from the northwest which convinced
the crowd of more serious damage TO
spring wheat than the Minneapolis peO-
pie were willing to admit. Cudahy' S
brokers, who had been persistant sell
ers at anything over Sc cents, found
more buyers late in the day than they
could supply and when their stock of
Inr -Ddl he raf ha r.r'r ~
September shot up rapidly from arounl
e51a to eSA cents and closed at 67's
cents. a trade in May wheat was made
at 72n cents.
Corn was only moderately active and
was weak. Specularots have become
afraid of the September deal and all
new business now seeks a more remote
delivery. December and May are now
the favorites with short sellers. Sew
eral times today it was almost impos-
sble to trade in September without
discounting the nominal market price
from Il TO q cent per buShel. The bril-
liant prospect for new corn was the
government factor. Receipts were 19C
cars and Withdrawals from store 49,
600 bushels. Argentine exported 12S.-
600 bushels OF corn last week. The es-
timated receipts for Chicago tomorrow
are POS cars. The visible decreased
$4,000 against S1.9S2.000 a year ago.
The market was strong near the open
ing, September selling at from 4slI 70
465s cents. II declined 10 A. cents. but
frmed up in sympathy with wheat
near the close and rested at 45A cents.
May declined - cent.
With the exception Of quite heavy
selling by Schwartz-Dupee, the oats
market was almost entirely without
feature. The aforementioned firm dis
posed of about 400.0 600 bushels of May.
The tone of the market was about
kteady. At the opening a slightly firm
er feeling was noticeable. Later on a
decline followed and prices closed
about steady. September started al
k3H cents. sold 10 23iz cents, back 10 q
cents and ended at 232s cents.
Provisions were dull and easy hut
not radically weak until near the close
when a drive was made at the market
by shorts. 1t failed as regards whea
but caused pork to close at loss for
the day Of 20 cents. and lard and ribs
2I2 cents.
Estimates for Tuesday: Wheat. 40
cars corn. 80 cars; oats, $50 cars; hogs.
L., 900 head.
Chicago Markets.