The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-28

| Chicago. July 27-Helped by strong
news today wheat closed at an advance
or 21s cents per bushel after having
at one part of the day shown gain
OF 51s cents Corn was firm. partly in
| sympathy with wheat and in part ow-
ing to the premium being paid for
spot corn, closing Il cent higher. Sep
tember oats closed Is cents higher
and provisions finished with but lit
tie change
Wheat opened strong and quiet and
tor about an hour and a half il looked
as II the raise at the opening would
be the outside price for the day. At
the end Of that time. however. the
initial jump OF about 3. 10 l cent per
oushel was supplemented by series
OF spasmodic bounds which in less
than ffteen minutes added cents
per bushel more The chief reason for
the great strength was because of Ar
genuine having al length thrown up
the sponge in the triangular contest
between her, Russia and the United
states In supplying the wants of the
wheat importing part of the world.
Inc opening price for September was
IRON 20 to 10ss cents and after backing
and filling between these two figures
from the shorts revealed the scantiness
OF the quantity for sale. Upon that
discovery IL became a question with
those who had previously sold OF who
could run fastest and jump fUrtherest
in pursuit of the elusive price which
rose 10 724 cents before the chase was
over. At that figure enough long wheat
was let go to cause a reaction of /
cent per bushel, the latest trading
price being 71Sd4 cents. The re-
celptS We're us cars, OF which nine
were No. red. The total receipts at
primary western markets amounted TO
$4,000 bushels compared with 1,1s5. 900
at the same points last year. The
week shipments from both coasts, in
Guiding flour, were only 1,265, 900 BUSH
els against 1.652.000 bushels last week
and 3.S3S,0O0 a year ago. The visible
supply. which last year increased $685.
900 bushels, Will perhaps show a small
decrease this week, estimated a go, 900
The reports from the northwest in
some cases would lead to the impress
sion of a very serious crop failure and
IN others to the expectation of an ex-
ceptionally heavy yield. The amount
or business done on orders from the
outside was small The small Argen-
tine shipments and the higher cables
kept the market strong throughout the
day, despite considerable realizing
The corn market was irregular but in
the main firm, even for May delivery
Some disQuieting reports concerning
the growing crop are coming from Ne
braska. and although this by itself
would not have much effect. il directed
attention to the uncertain tenure of life
held by a growing crop. The cash de-
mand is excellent and to a certain ex-
tent urgent. Today's receipts were 3l7
cars and $50 are estimated for Mon
day. September opened at 43k cents,
declined TO 4212 cents, reacted to 49,
cents and closed at 434 cents MAY
from 3512 cents at the opening, sold off
10 S514 cents, then rose to 36636IS cents
Quite good business was transact
ed In oats. At the opening an easier
feeling prevailed but when wheat adj
vanced oats also went up. September
opened at 2212 cents, sold at 22ss cents,
up to 222i cents and closed at 22ss cents
The provision market was a shade !
hrmer but very dull and at the close /
there was very littlec hange from |
yesterdays resting prices. Pork left |
off a decline of 2l2 cents and ribs !
are 2la cents higher. Hogs today were I
5000. Last week receipts were 81 asa 4
against ,794 on the corresponding
week OF the year before.
The receipts for Monday are estirna- |
ted as follows: Wheat 100 cars; corn /
$50 cars; oats 30 cars; hogs l.. 600 head
For the entire week 5000 hogs are ex-
pected 10 arrive.