The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-31
CABLES STARTED 1T
PRINCIPAL BOARD OF TRADE HAR-
KETS ALL LOWER
Liverpool Opens Weak. in Spite o; Mon
ern Situation Has no Eject to Check the
Bears-Orange Judd Farmers Repor:
Corn Gently but Firmly Declines--Oats
Dull and Lower-Slack Cash Demand for
Provisions and Hogs Lower.
PfOvfsions and Hogs Lower

Chicago. July 3o.-An Of the principal
articles dealt in on the board Of trade
were easy today and closed lower.
Weak cables were the principal infiu-
ence in wheat, which shows a loss of !.
cent. Corn Is off L cent in spite OF
threatened frost; oats a Ike amount:
pork 421e cents in sympathy with the
lower price for hogs and on light de-
mand for products; lard shows a de-
cline OF 10 cents and ribs OF 12la cents.
Lower quotations from Liverpool in
the face OF yesterdays strength here,
and what appeared to be heavy re-
ceipts at Duluth gave the whea. market
very weak start. The decline OF ;.
pence at the opening in Liverpool was
said 10 be due to a disappointing de-
mand for spot wheat. The receipts at
Duluth were largely comprised Of
wheat sold a 1 Minneapolis 10 go east via
the lake port and of 345 cars reported
at Duluth this morning, go cars were
from Minneapolis. That explanation
did not have any effect. however. in ar
resting the decline or changing the bear
ishenss with which the crowd com
menced. Nothing occurred 10 disturb
the serenity OF the short sellers until
synopsis OF the Orange Judd Farmers
crop report for the m0uth was made
public. On the information afforded by
that the price of September recovered
from around 105s cents to 111s cents, al
though the quick advance at 81. Louis
about the same time was attributed 20
the recovery. According 10 the agri-
cultral publication referred 10 the av-
erage condition OF spring wheat has
been reduced points this month. The
falling off in South naL-nra = -Nn'n-S
in Washington 10 points. in Minnesota
$ points and North Dakota ) points.
The average condition indicates n crop
of about 165. 900 900 bushels Of wheat, OF
which 30. 600. coo bushels IS credited TO
Minnesota and the Dakotas. The esti-
mate OF the Pacific coast crop is re-
duced from $1,000. 900 bushels 20 10.000.
600 bushels and the total winter wheat
is ntativeiy estimated at perhaps less
than 10 bushels per acre. II estimates
the entire crop al $50. GOO. 900 against 420.
100000 on July l. The Atlantic port
clearances were again disappointingly
light, the wheat amounting 10 only 20
Isl bushels and the -four 10 1855 bar
rels. Primary market receipts were
rather heavy but still very much below
last years movements. The total re-
ceived at western markets were $4,000
bushels against / ,239. 900 bushels a year
ago. The opening price for September
was from 71Ss cents to 11is cents and
after its early tumble TO 70ss&703s cents
and subsequently, to 71R cents. Il kept
within easy call of II cents. The trade
was light and largely on local account.
The corn market ruled lower today
but showed a considerable amount Of
firmness at the decline. The cool
weather prevailing here raised visions
of possible frost in the minds Of the
spectators and that was the sustain
ing influence which prevented the pres
ent prospect of crop of over 2, $50, 000.-
600 bushels as estimated by the Orange
Judd Farmer from causing another
weakness. The local speculative feat
ure was early selling Of a rather ag-
gressive character by Bartlett, Frazier
& Co, followed by equally bold buy
ing by Baldwin-Barnum and Barrett
Bros. Speculative business was onthe
whole light. Receipts for the day were
AZ cars. Spot opened at 43 cents, drop
ped at once to 42& cents. improved 70
43&431s cents. declined again to 42Ss0
42% cents and at the close was worth -
cents. May ranged from 359s cents u
S5ss G352a cents and closed at 35a cents
bid.
Oats were dull and featureless The
market followed the course laid out by
wheat and corn and while doing so met
with very few sales. The early market
was more active than later on in the
session. The demand for cash oats con-
tinued quite urgent and was the prin-
cipal feature Of the market and influ-
enced a higher price for July.
Provisions were dull, the market be-
ing dominated by the slackness OF the
cash demand and weakened by the low
er prices for live hogs. a private esti-
mate of the stocks OF provisions shows
remarkably little change for the month.
1t makes pork stocks the same as on
July 1. lard 1000 tierces less. and ribs
1000. 900 less than a month ago. The
opening prices were at respective re-
auctions, from yesterdays closing quo
tations in pork and lard and ibs OF 17i2
cents and 2is cents. Pork declined an
other 10 cents in the afternoon and an
other - cents near the close.
Estimates for tomorrow: Wheat -
cars; corn 23S cars; oats los cars; hogs
a