The Wichita daily eagle., 1895-05-14

Chicago, May 13-Helped by crop
damage reports, wheat resisted bearish
news and liquida ton today, winding
up with a gain of rs cents for July.
July corn gained g cent, July oats lost
Is cent and provisions made slight
gains.
Wheat opened at slight decline, part
ly on account of the change from un-
seasonable heat to comparative cold,
being considered rather beneficial than
otherwise for the growing crops. The
weeks shipments from Russia amount
ed TO the unusually heavy total OF s.
100000 bushels, and that information
was in the hands of people at the sea-
board before the opening but did not
become public until half an hour after
ward and then it was discovered by
those who had sold upon their advance
information regarding the Russian
shipments that they had miscalculated
its effect upon the crowd. From ca
@6fA cents at hte opening, the price
of July wheat had gradually risen to
arond 645s cents and was at the latter
point when the Russian shipments
were made known, but the price broke
TO 643s cents only at that time and
again recovered TO its previous highest
price, although it had another and
further decline later. The visible sup
ply statement showed a decrease of
2,573, 600 bushels against 1,646,000 on the
corresponding week of the year before.
The market came under the influence
Of heavy shipments from other coun-
tries and the price of July dropped to
637s cents in a hurry, but made even
greater haste in getting back to high
er point than before. From 637s cents
it advanced to 65A cents in about fif-
teen minutes. Export clearances of
wheat and flour since Saturday from
Atlantic ports We're 191 900 bushels The
primary market receipts were 225, 900
bushels compared with266, 900 on the
corresponding day Of the year before
The opening cables brought higher
quotations from Liverpool and Berlin.
but owing probably to the heavy ship
ments headed toward them last week
they lost about all of the early gain.
The crop reports from Illinois, Michi-
gan and Missouri We're very unSatis-
factory. Every commission house with
connections in those states had reports
OF poor. and in many cases very poor,
prospects for winter wheat. Kansas
is reckoned as being completely out Of
the count among winter wheat raising
states this year. The poor crop pros
poets and the disappearing visible
for the short sellers. The price ad-
vanced near the close to 651a cents and
1t wound up at 65S cents.
Corn was dull and firm without
showing much independent of action.
It had a range in price for July of
from 50as cents to 81 cents and closed
within 1-16 cent Of the top. the closing
strength being due 10 sympathy with
the firmness Of the wheat market. The
seaboard sent bullish dispatches and
reports of some export inquiry and
clearances Of 100000 bushels from
Newport News. The visible supply de-
creased 1875 900 bushels compared with
a decrease of ,439, 600 a year ago. The
local receipts were 266 cars.
A fairly active market was recorded
for oats. The tone was easier on ell
deliveries with the exception of Sep
tenber. There was a very good de-
mand for that month and at the close
an advance Of Il cent was scored. Nav
1896, was also very strong under good
buying.
Provisions were without life or in
terest and an advance in pork of
cents and in lard and ribs of 215 cents
appeared to be due TO strength in
wheat. Hog receipts today were 80, 600
head and $1,000 are the estimated re-
ceipts for tomorrow.
Estimated receipts for Tuesday:
Wheat q cars; corn 440 cars; oats $50
cars; hogs 81 900 head.
Sidney Smith is credited with say
ing: Give me the 1uxuries of life and
/ will dispense with the necessities"
DR.. Prices Cream Baking Powder can
be classed as both.
Chicago Market.
rT-r-z