The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-29

Chicago, June 2S-Holders of July
wheat were seized with burning de-
sire to dispose of it today and their en-
deavors to do so left that option 19sc
lower at the close. September lost IL
cents. The other markets tumbled
with wheat, Corn finished Is cents low
er;oats lower and provisions at decline.
The wheat market opened weak, re-
CARELESS Of the light frosts which the
weather map showed had visited por-
tons of the northwestern wheat regions
last night. To light to do any harm was
the general verdict with regard to the
frost, while dispatches from the cOun-
try supported that opinion. SO little
faith did the local crowd have in the
power for harm Of the frost that in
less than an hour from the opening.
the price of July and September wheat
had declined to 1 cent per bushel below
the closing figures of the day before,
and that loss was virtually held for an
hour, for at 11:30 O'Clock September
wheat was being traded in at about ~
Gets after having been down twice to
IFS cents and recoiied as often to 7214
cents. 1t opened with sellers at from
= CculS ~ CcIllS anu SOIilC Duy
erS at these prices. It worked up
gradually inside of the first fifteen
minutes until il touched 13 cents and
then commenced the decline indicated
by the previous quotations. The ele-
vator spectators were the busiest of
the local operators and their trading
was altogether in buying July and sell
ing September. The failure OF frost
damage to spring wheat should not, of
course, of itself be a reason for lower
prices. There were other reasons for
weakness, however, which were push
ed into view and made to count for
more than usual from the fact that
there was great deal of July wheat
held by parties who had no use for il
and no money to pay for it if delivered.
Liquidation of July was a prominent
feature of the days business and its
effect, besides weakening the market
generally, was to make that month re-
IauVeIy heavier than September, the
latter getting to a premium of 2A cents
per bushel. The cablegrams brought
lower quotations. Liverpool was given
as from 4 pence to Il pence lower; Ant
werp 121a centimes lower and Berlin
from 21a to 2A marks lower, the latter
being the equivalent of 25s cents per
bushel. Exports from the Atlantic sea-
board consisted of 599000 bushels. of
which $4,000 barrels was flour. The re-
ceipts We're light. St. Louis wired that
10000 bushels of the days receipts were
from the new crop. The market here
could not be held up by bad threshins
reports, which were numerous. Liqui-
dalton of July wheat carried that fu-
ture down to 60 cents and II dragged
down September wheat to TX cents
They both recovered about Il cent from
the bottom near the close. July closed
at $685. cents and September at 71s4
cents
Corn was weak but inactive. with
the principal speculative business in
the way of transferring trades for
July delivery into Setember, The re-
ceipts We're very moderate, hut for to-
morrow some increase is look Off. The
Atlantic exports were $4,000 bushels
The total shipments were 345, 676 BUSH
els and sale Of 100000 bushels of No.
2 yellow at y cent over the July price
was reported. Some places in this
state have been for ten days back and
are still complaining of chinch bugs
doing considera BILE damage to corn.
July, which closed yesterday at 37h
cents and September which closed at
4S5s cents sold today at AZ cents and
As cents recovering a trifie near the
end and closing at 471s647A cents for
July and 4S1a cents for September.
In oats business was not so heavy
as yesterday. Further weakness was
developed and prices ended from q to
q cent under yesterdays closing The
cash market was very dull and lower
owing to much heavier arrivals than
were expected and scarcely any de-
mand from any source. The weakness
extended into the speculative crowd
and that with continued selling out of
long stuff created the lower prices.
SEPTEMBER ranged from 2514 to 252l cents
and closed at 2514 a 25% cents.
The provision market was in line with
grain. 1t opened lower, became weak
er as the session progressed and closed
at virtually the lowest figures of the
day. The receipts Of hogs were only
10000 and 1900 are estimated for to-
morrow. Compared with the closing
prices Of the day before. pork is 271k
cents lower; lard 10 cents and ribs 12Ia
cents lower.
Estimated receipts for Saturday:
Wheat q cars: corn 2o5 cars; oats cIs
cars; hogs 1900 head
Chicago Markets.