The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-11

visions Dull and Little Changed.
Chicago, June 10.-Wheat was weak
| today influenced by heavy foreign ship
| ments. more favoable weather and SELL
ing on the tip that the government
report would show a condition over 20
July closed Ia cents lower. while con
lost Is cent and oats Il cent, provisions
| finishing with little change.
Wheat opened very weak as COM
! pared with the strength IL displayed
at the close on Saturday. The crowd
had July for sale at from sos cents
down 10 S0iz cents. instead OF SIS cents
on Saturday afternoon. The reasons
for the weakness were partly of do
| mestic and partly OF a foreign charac-
ter. The home cause for weakness was
the fact of Kansas, Nebraska and por
ton of Missouri, besides much Of the
spring wheat country, having received
a plenteous downpour OF rain since
Saturday, and the fear on the part OF
the bulls that the government in Its
crop report this afternoon would not
make the condition of winter wheat as
bad as the daily reports or toal failure
in places has led people generally 10 ex-
pect. The foreign reasons for bearish-
ness were in connection with the ex-
tremely leberal shipments for the week
from Russia, which according to one re-
port, amounted 10 the enormous Quantl-
ty of six million bushels, and that,
added 10 the exports from the other
shipping countries including the United
States and Canada made the total
afioat last week over 10,0o0.0O0 bushels.
The amount on ocean passage increased
l., IL 1T
the most influential features OF the days
news, and were considered sufficiently
bearish TO warrant selling on every
bulge, which was the policy pursued py
the crowd. After few minutes buy
ing around S0l2 cents at the opening
July wheat slid down 10 s04 cents, but
gradually rose from that TO 81 cents
inside of the next half hour. The price
tumbled twice after that TO so cents,
once on the figuring up OF the total
worlds shipments for the week and
again on a rumored tip from Washing
ton to the effect that the government
would put the average condition or
winter wheat at Il and of spring wheat
at 80. A condition of 20 or over for win
ter wheat appeared to be considered
bearish, and the impression settled
quite generally 10 the conclusion that IL
would be given at that or over this
showing a decrease of 100000 bushels
compared with a decrease Of $1,000
bushels for the corresponding week OF
last year, did not help the price, as
3,0O0.0 900 bushels decrease had been
looked for, The amount in the visible
supply now is 40, 1885, 900 bushels COM
pared with IS, 900 last year and 6S,-
900 bushels two years ago. The price
OF July was dragging close around 50
cents for about an hour in the middle
of the session. The neare the time came
to the realization of the government
crop figures the weaker became the
market. About fifteen minutes from
the close the price was 1855 cents for
July. The closing cables We're firm. but
not sufficiently strong TO have any eff
feet and the weakness continued to the
end, July finishing at so cents.
Corn was affected by the generous
rains throughout Kansas and Nebras
ka and ruled weak. The indications
that Argentine will be a heavy shipper
to Europe this season had also some in
fluence on the bear side and an increase
of $4,000 bushels in the domestic visible
supply likewise helped TO depress prices
seeing that on the corresponding week
of the year before the increase was $780,
600 bushels. The total in the visible now
is 11,5s2. 900 bushels against 7.514.000
bushels a year ago. The Argentine
shipments for the week were $4,000
bushels. Today's local receipts were
1872 cars. July which closed Saturday
at 527s cents opened irregularly this
morning from 80 TO 52A cents and kept
within the range of % cents and 5212
cents all day. II sold about fifteen
minutes from the close at 52q52b cents
but rested at 52k@A c<lts.
The longs in the oats market were
disposing OF considerable Of their hold
ings, and with free buying by elevator
people a good business and a firm feel
ing was reported of the early market
Later, however, offers became quite
general and decline started. The Wis
ible supply showed an increase OF
123, 900 bushels and was very forward
in assisting the decline. July started al
from 81 TO 31as cents, sold at BIZ cents,
weakened TO 307s cents and closed at
81 cents.
Provisions were dull without notable
features in the trading. Hogs were
not as numerous at the yards as had
been expected, 1000 head being the
days run instead OF $4,000 as estimated.
The estimated run for tomorrow is only
IS, coo head, but that did not encourage
buying although 1t may have prevent
ed some selling. The prices made
about the opening were from cents
to Zcents improvement over Saturday
close for pork and about pa cents gain
in lard and ribs. At the close the net
result left pork with a loss Of 2iS ceais
lard unchanged and ribs also about as
on Saturday.
Estimated receipts for Tuesday are:
Wheat ~ cars: corn 215 cars: oats $50
cars: hogs 1900 head.
Test the peerless baking powder. DR..
Price's-its purity and leavening pow
er will do the rest.
Chicago Market
The leading futures ranged as follows.