The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-22

Wheat--Proyisions but Little Lower.
Chicago, June 21.-Lewer cables caus-
ed decided slump in wheat today,
but covering by shorts caused a re-
action from the low figure. July sold
down to 69la cents but recovered TO
z Is cents and closed at 701s cents, or
L cent lower than on the day previous.
Corn was also weak but, with per-
haps better reason than wheat for
weakness, it was firm in comparison,
the days decline being only fractional,
Is to y cent. Goats closed Il cent lower
Provisions were active and weak, but
in the end only slightly lower.
Weakness in wheat was at the open
ing as pronounced as the firmness pre-
vailing less than three weeks ago.
July, which closed yesterday at rs
cents bid, opened with sellers at from
F.! 707s cents down to 701a cents and some
sales at the same time as low as 1875
cents. Buying orders prevented its 60
| ing lower at that time, but were not
| sufficient to do more than steady the
Nrice for a while within the limits OF
! the opening range. The shorts bought
some at the opening and several times
again on the various slumps which sue.
ceeded each other during the forenoon.
On each little rally there was lost OF
short wheat for sale until the price paid
for July got down to 69ja cents, from
| that point there was an advance Of
cent to 701a cents. The latter price was
current around II o'clock. The short
sellers did nothing to help the discOn-
ISOLATE bulls until the low point named
above had been reached. After that
| they came to be distinguished from the
bulls thesmelves so eager did they APP
pear 10 be in absorbing the wheat which
was for sale. The foreign market was
weak. Liverpool had the complaint TO
make that the receipts of foreign wheat
in the United Kingdom for three days
amounted 10 the heavy amount of s.
100000 bushels, the principal part OF
which was from Russia and Argentine,
and a private cablegram from Berlin
on the day declined the price of wheat
there equal to az cents per bushel, due.
it was said, the German government
having raised their estimate of the crop
The northwestern receipts at Mime
apoliS and Duluth were lis cars. The
export clearances from the Atlantic
ports were diSappointingly small, only
amounting to $4,000 bushels in wheat
and flour together. Foreign markets
We're slightly irregular. Poris closed a
trifle higher; Antwerp 1212 cents lower,
and Berlin from L mark to IL mark
lower. The market here ruled rather
firm at from 7012 to II cents for July
and after touching II Is cents for an in
slant closed at 103s cents.
There was a fair degree Of activity
in corn, but, as was the case in wheat
the price suffered. The growing wea-
Their and slightly heavier receipts dis
couraged some of the local traders who
for a few days have been buyers and
today they unloaded. The price of
July at the opening was from 4S1s to 40
cents, and it declined to As cents. With
the recovery in wheat, corn rose again
to 49 cents near the end aof the session
and closed at ass cents.
Oats We're much more active than yes
terday. Punctuation were still confin-
ed to a rather narrow range and to a
great extent influenced by the wheat
and corn markets. September ranged
from ISIS to PTS cents and closed at 273s
q2S cents.
The provision market was active and
weak for some time. but became firmer
later In the day, and in the end prices
were only a :trifle lower than they were
estimated at on the day before. Pork
for September, after selling as low as
S11.95 about the opening, worked up
again to $12.121a and closed at s1207Ia
as against S12.15 on the previous after
noon. Lard was rather neglected and
only fuctuated over 3 cents range
and closed 215 cents lower for the day.
There was a fair amount of activity in
ribs. The price at the close shows a
decline of 21a cents. The decline was
mainly in sympathy with grain
Estimates for Saturday: Wheat 81
cars; corn 1871 cars; oats III cars; hogs
10000 head.