The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-02
BOTH COASTS HELP
WHEAT OPENS WEAK BUT CLOSES
STRONG AND HIGHER
Starts On Lower. Because Of Change In
Market TIL Baltimore Sends News OF
Export Inquiry-California Follows with
Shortage Eeport-Primary Receipts
Continue Light and OF Poor Quality
Corn Higher, September Being Very
strong-Oats Neglected.

Chicago, August 1-Wheat opened
weak and closed strong today. At the
commencement OF the session there
was loss OF IL cent per bushel which
was all recovered and II cent Of gain
added at the close owing TO reported
sales for export Corn had a momen-
tarily easy spell at the opening follow
ed by a lively advance which culmi-
mated at the close in an advance for
the day Of rs cents per bushel in Sep
TENDER and Il cent in May. Provis-
ions opened weak and closed steady
about at the same price as on the day
before and spot oats finished Is cent
higher.
Wheat opened practically cent low
er than it closed yesterday without
other reason than a change in general
sentiment. Foreign markets were COM
paratively steady in the face of yes
terday's weakness here. Liverpool
was quoted Il pence lower and Berlin
q mark higher. Receipts al western
primary markets Were smaller than
on the day beofre and the same poor
condition was observable in the grad
ing. At Chicago out OF 40 car loads Of
new wheat received only one was up
TO the contract quality. Toledo Jared
but Slightly better, for out of 90 car
loads received there this morning only
six were No. ?. The total quantity re-
ceived at primary western markets
was 100000 bushels compared with
$4,000 bushels on the corresponding
day of the year before. Minneapolis
and Duluth received POI car loads COM
pared with l59 a year ago. The OPEN
ing price for September wheat was ir-
regularly from GO cents down TO 6SSs
cents and il touched 6S2s cents before
1t reacted. No abiding strength was
observable until Baltimore sent a dis
patch here stating that there was
fair inuqiry for wheat for export with
some sales early in the day. eight boat
loads being taken for shipment to Liv-
erpool. The price here rose to 692s
cents when the Baltimore sales for ex-
port became generally known. The
Baltimore export business was supple
mented by report that the state ag-
ricultural authority in California pro-
nounced this years production of
wheat there the smallest in twenty
one years and the market was further
siren gthened with continuation Of
the demand here from Ohio and Michi-
gan millers. That caused September
10 rise to 69ss cents and after a reac-
ton to 69is cents to advance once
more. the last time to 697s cents, with
693. cents the last trading price.
The corn traders were all torn UP
and unsettled owing to the unexpected
strength of the September future. The
market is narrow one and a few lead
ing firms are able TO exercise an infiu-
ence quite disproportionate to the
amount of their dealings. There is a
good shipping demand and only moder-
ate receipts and those are important
aids TO the bull manipulators. Receipts
today were $40 cars and for tomorrow
SIS are estimated. ST. Louis is credited
with being short considera BILE corn in
this market. The sales OF cash corn
for shipment from here are reported
at over 100000 bushels. September
started at 422s cents, ranged up from
that to 4S2. as cents and in the end
ranged from 351z as cents up to $3.50
cents. the last being the closing value.
Very little interest was centered in
the oats market. The feeling was firm
er. influenced entirely by the advance
in corn. September opened at 22ss cent
sold down to 22k cents. up to 221z cents
and closed at that price.
Provisions started and continued
very weak for the greater part of the
day, owing to the weak live hog mar
ket, but near the end there was some
buying, induced by the strength in
corn. The latter was the cause OF a
recovery TO about the level of yester-
days closing prices. Hogs receipts
today 1900; hogs receipts for the past
month were 3S2.3S9 compared with &c.,
4s3 in July. 1894.
Estimated receipts for Friady: Wheat
SIS cars; corn, 80 cars; oats, us cars;
hogs. 10000 head.