The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-01

Chicago, July 31.-Principally because
Of the lack of export demand, wheat
was decidedly weak today. closing al
IL cents decline for September. Sep
TENDER corn lost 3 cent: May oats clos
ed y cent lower and provisions finished
al declines.
In an hour from the opening Septem-
Der wheat, which closed yesterday
worth us cents. had declined to 692s
cents, being a drop Of ia cents per
bushel in that short time. The foreign
markets with the exception OF Berlin
were fairly steady at the opening and
the domestic situation was no less bull
iSh than before as regards the small de-
liveries of winter wheat from farmers
and the poor quality of the little they
were selling. Trading was similar in its
local character 10 that OF t1s previous
days. The bulls who sold out on the
last bulge took some wheat on the early
decline and sold il out again when they
found their action was not well second
ed. From 69%s cents September recOv-
cred to 20 cents and after fiuctuating
for over an hour between that and 6s3;
cents il took another dip 10 69i2 cents
when BradStreet'S statement OF the Wis
ible supply was given at decrease for
the world of 2.425.000 bushels. A year
ago the stocks in similar positions in
creased 5000. 900 bushels. The following
exhibit of the wheat movement for a
hours suggests no explanation OF the
weakness of the market except as 10
such part OF il as relates TO the ex-
ports. These were again small and that
feature having existed for some time
is wearing itself into recognition and
was probably at the bottom OF the
-l~la
10 cars. % cars OF which were new red.
and Of these two only were UP 10 the
standard OF the contract grade a year
ago Chicago received $50 car loads. of
which SIS Were contract. The total re-
ceiptS at western primary markets
amounted to 46l 900 bushels against l..
225 900 bushels on the corresponding day
of last year. Minneapolis and Duluth
received 1877 car loads compared with PA
cars on the previous year Atlantic
port exports comprised s0.691 bushels OF
wheat, and 7,90S barrels of -four. The
market ruled very weak and without
support from either class OF the bull OPP
orators the price went in the afternoon
a shade lower than the lowest point il
reached in the early break.
The corn market was dull in its spec
ulative features and futures were a
shade lower. The promise for the
The comparative sIeadinesS of the mar
ket arose from the good demand for
cash corn Car loads brought a half
cent over September for No. TO go TO
store and 2. cent premium was paid for
round lots for shipment. Receipts to-
day were 271 cars. September opened
a from 43 to 427s cents. sellers, and
sold at 42Z cents in the first minute OF
the session. 1t kept between 427s and
sailors during greater mart
OF the day touching 42x cents for
moment under the influence of a weak
spell in wheat. 1t was fairly firm near
the end and at 429sdA cents and clos
ed at that May sold at from 352s to
351h65 cents and closed. at 352s q35Iz
cents.
Oats opened fairly steady at slight
decline in prices. There was no indie
pendence 10 the market and fiuctua-
tons were ruled entirely by wheat and
corn. The range was narrow. July
sold from 22ss TO 223s cents and closed
"a cent lower at the latter price.
The bulls and provisions appeared to
have thrown up the sponge. The hog
receipts are as light as expected but
the price is not governed at present by
the comparatively light supply OF the
raw material but by the light demand
for the manufa ctured article. OF which
the stocks are ample. The receipts OF
hogs today were 1900. Business was
not brisk but enough was offered on
market devoid of buying spirit to
knock 40 cents per barrel off the price
of pork. 10 cents per loo off lard and 20
cents off ribs.
Estimated receipts for Thursday:
Wheat. y cars; corn. 3s5 cars; oats. 20
cars; hogs, 1900 head.