Kansas City daily journal., 1895-07-17
CHICAGO GRAIN MARKETS,
WHEAT HAD FREQUENT FLUCTUA-
TIONs, CLOSING ONLY i-ic HIGHER.
september Torn Closed at Unchanged
Prices Oats We're Moderately Active
and u Fraction Lower. and
Provisions Declined.

Chicago, Ill, July 16-The grain markets
were very Irregular to-day, but in the end
the shorts had the worst OF It, although
not to any great extent. Spring wheat
crop getting down to quite moderate pro-
portions, good cash demand and small
farmers deliveries from the new crop
caused only Lc per bushel advance in
wheat. September corn closed unchanged.
September oats lsc lower and provisions at
declines.
For no reason beyond the speculative
tactics Of one or two Of the bear leaders
in the market wheat was depressed on the
curb before the opening to little below
the price II closed at yesterday. Septem-
Der was offered at the commencement of
Ine regular session at IRON 6Sc down 10
6'Ac. Before II received sufficient sup
port to turn It up 1t had sagged to 67asn
6Ilgc. II rose from the latter price to 6SHsc
and from that declined again to 6Sc, with
another rise to 6Sasc and fan to 67Ssc. all
these changes occurring in the first two
Northwest and the show movement of new
winter wheat TO market were enough 10
Justify the. several slight bulges: The mar
rowness of the trade continued for some
time TO permit the opposition of the few big
traders referred to to be severely felt and
TO run away were thus easily counteracted.
The receipts here were 1872 carloads, of
which only twenty-siN were contract. The
Minneapolis and Duluth receipts. l6S cars.
to-day against S25 year ago, but 1t was
not until after Bradstreet's statement of
the weeks changes in the stocks Of the
world came in showing decrease of 3,l7l-
goo bushels that the price again made a
bolt from the controlling influence OF the
crowd which is selling wheat under the
leadership of John Cudahy. II made %
jump on. the Bradstreet's report Of
abled to break the price to 6Tlec before the
rise last mentioned because the Russian
been 3.92OoO0 bushels instead of 3,6OOOoO
bushels as cabled yesterday. and the total
countries 9O37 900 bushels instead Of about
S5WNO bushels as estimated on the prev
i,ous day. Lower cables helped them also;
raris was centlmes lower. and Berlin
from Y to mark higher. Export clear
ances from the Atlantic seaboard amount
els. The narrowness of the market and
local character of the trading may be
Judged from the fact that the selling Of
100000 bushels by a broker for Cush Clif-
ford caused break of 1c per hushel. The.
wheat was sold at 6Sc and the buyers sud-i
1t and in getting rid of 1t broke the price
to 6e5sa6Ic. In another fifteen minutes. it
for shipment was the latest support to
the market ma M about 25o,oco bushels or per
Minneapolis Market, Record estimates the
wheat crop of the three big Northwestern
states 1SOOOo,OOO bushels, which would in
dicate total crop, winter and spring to-
gether, of not over 37o,OOoOO0 bushels, maxi
ing ing the the very liberal allowance Of 100000
closed firm
Corn was a very ragged and peculiar
market. 1t was the May shorts who today
were reporting and regretting they had
not previously bought instead of having
sold. Hot winds. 1t reported We're
damaging the hitherto magnificent growth
Of corn in Kansas and Nebraska. The
May shorts took in a lot of their contracts.
September was comparatively quiet, while
May closed. with an advance of 1c- per
bnshel in September. after ranging from
i51sc to i5Bc. closed at 45aic, at the same
rate as on yesterday. MAY closed at S7ssc.
after selling at S7iac. To-days receipts
were 25S cars Corn here is reduced to
1910 600 bushels.
Trading in oats was only fairly active
Fluctuations We're confined to a ra ther
narrow range and ruled easier during the
entire session September ranged from
23asc to 23lsc and closed at 23hc. Receipts
aggegated 1877 cars, 1876 of which graded
contract.
Provisions were subjected to another raid
to-day The local shorts looking for
stop loss orders and expect to bring them
out by shouting the price down. They
caught a few to-day, but not enough for
the full extent OF their purpose. a good
many of to-day's transactions We're for
January delivery. September pork ranged
from Sl1 down to $l050 and closed ut $lOS5
a decline of 17l@c. September lard declined
7l2c and ribs &c.