The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-09
BULGE BEATEN OUT
WHEAT C0LLAPSES ABOUT THE
MIDDLE OF THE Day.

Cent Decline--Weatheri is All That the
Growing Crop Needs Except in a Few
Localities--Heavy Realizing Does the
Restroom Firm, Averages Higher, but
Closes With Little Change--Cash Oats
Firmer--Provisions Firm, Closing a,
Advances.
Chicago, May S.-Wheat started firm
and closed at q cent decline today, the
weakness resulting from the favorable
weather and heavy realizing on the
bulge. July corn closed II cent higher;
July oats Is cent higher, and provisions
scored advances.
Wheat started with show OF
strength today and the prices stood up
remarkably well until about IL o'clock,
but about that time the props were
Some of the early strength was due 10
the bullishness in corn and some of IT
was ascribed to the Northwestern ele-
vator proprietors, who bought July
wheat freely adj morning an dreplaced
their hedge by selling September to an
equal extent, when thise influences were
withdrawn the collapse referred to
quickly folliwed. Generally the APP
pearance of the country and crops were
spoken of in the superla tive degree, eX-
cept from some southern places in the
winter wheat belt and occasionally from
spots in this state and Indiana, which
had been missed by the recent rains.
The opening trades in July were at
from 631s cents to 63A cents and the
price did not bet substantially below 63
cents until midday. II had in the mean
time sold as high as $780, cents, but
by abiut 1915 p. m, it tumbled to 63%s
cents in quick order The receipts at
Minneapolis and Duluth were 245 cars,
compared with 247 year ago. Prim-
airy market receipt all told were 260 900
bushels as against 179,0 600 bushels year
ago. Exports from the Atlantic sea-
board of wheat and -four amounted to
2S5, 900 bushels. The Liverpool market
was quoted q pence higher at the open
ing, closing with u pence net gain
since yesterday. Paris closed firm at
an advance Of % centimeS for -four and
from 10 centimes To % centmes advance
in wheat. Berlin was given a decline
of Il mark to y mark. Some more
wheat was worked from here for ship
ment to Toledo. Some 100000 bushels
Of hard spring wheat was reported for
export from Duluth and a dispatch from
there sal dtbat market was on a parity
with Glasgow C price. AS regards
red winter wheat more closely concern
ed Specula tors say that prices here are
from to 3 cents above an export basis.
The Cha artering of vessels for the ship
ment of $50, 900 bushels caused slight
revival near the close and there were
buyers at 6212 cents as the session
ended
The corn market was firm and aver
aged higher than on the day before, but
in the end there was very little change.
The opening price for July was 5O4
cents and it advanced to 81 cents be-
fore 1T had any decline. 1t then turn
ed down to 503s cents but had a quick
advance to 511s cents on the covering of
a heavy short line by prominent COM
mission house. 1t worked down again
to sos cents and closed with sellers at
60s4 cents. The receipts were only 305
cars and the shipments $1,000 bushels.
Estimated receipts for tomorrow are
So cars. Offers sent to the country last
night by commission houses brought
many more acceptances this morning
than has been the case for some time.
from which it is inferred that farmers
deliveries are increasing. The char
ters today were for 90 bushels.
Oats were fairly active during the
greater part of the session. F'luctua-
ticiiS were W d great tAAtnl ulSu ny
corn. The cash market for oats was
frmer and extended into the nearby
deliveries. July and September We're
lower at the close. May sold from 2S1a
cents to 2SA cents and closed there.
July started at 2S5sG2S% cents. sold
at 2SA cents down to 2S3s cents and
rested at 2Sh cents.
Provisions were firm and closed with
advances of 221a cents in pork; 2ia
cents in lard and cents in ribs. The
demand was quite moderate. but light
as it was the offerings were insufficient
with the above named advance. Hog
receipts were $4,000 head and they We're
quiet and 5 cents higher. The mod
crate receipts and light hog market
were chiefly responsible for the ad-
vance in rates.
Estimated receipts for tomorrow:
Wheat 50 cars, corn S. cars, oats $50
cars, Hogs $4,000 head.