Kansas City daily journal., 1895-06-02
CHICAGO GRAIN MARKETS,
WHEAT OPENED STRONG AND CLOSED
WITH \ GAIN OF .-sc.
Corn Was Firm and Higher, Ending Will
Gain of 1-Sc-Oats Advanced 5-Sc
and Provisions Were some
what Lower.

Chicago, ILL.,, June l.-Wheat showed an
| advance of Ike around the opening to-day,
| compared with yesterdays final sales, but
! lost sc of II and closed 7sc above Friday 5
| close. Corn fuctuated within range of
| sc and closed with a gain of isc. oats are
! 1sc higher and pork 12i-c lower.
The most extraordinary weather ever
| known at this season Of the year
! gave further evidence OF its eC-
| centriciues between the close of
! yesterdays session and the opening this
morning. Hotter than ever dryer than
| face powder and a continuation of such
| conditions predicted for another forIy-eight
| hours at least. News of any description
| other than that referring to the vagaries
| of the climate and their damaging effect
TOTAL failure Of wheat crop was repeated
! again and again from some Of the best
| wheat raising counties of Illinois, Indiana
ana Missouri ana from Ohio and Michigan
| the reports We're only few degrees less
| alarming. Ihat the market did not more
| iuly respond 10 the disastrous news was
owing 10 the fact that the majority of the
traders refused to believe IL. The price of
whore from 79i4c 10 79iac, or about lc per
Dushel higher than II closed Yesterday. 1t
Kept within a range of 7s9sQ79iac during
the greater part OF the session. with quick
recoycries every time ii got below 79c. The
prediction OF the signal service bureau is
for fair and hot weather tonight and sun
day in Indiana, Illinois, Upper and Lower
Michigan, Wisconsin, Missouri, Iowa, Kan
before them the traders, although unbeIiev-
eIs IN extensive crop damage, did not care
however, prevented the believers in crop
damage of an unusual destructlveness from
becoming too enthusiastic on that account.
The visible Is not expected to show more
than from 100000 10 500 600 bushels de-
very reliable. This weeks clearances of
wheat and tlour from both coasts amount-
900 bushels the previous week The ship
ments from Chicago for the week were
which is that only 1900 bushels OF il was
for points east OF Toledo. OF the red winter
Naiel wheat n9M III the Hsih9e only $4,000 Is az
quantity 100000 bushels IS in New York.
New York speeulators Were the sellers
moved by, the prospect OF the red winter
wheat in their elevators being at a premium
over the hard spring they are now valuing
so highly. The failure of the red winter
wheat crop will certainly bring about the
gested II It approaches the extent now pre-
die5ed for for HIN T. The n priee remained very
utes at around 19Ac,and that was the value
The corn market was frmer and a little
predicted for the next forty-eight hours
and the strength was not disturbed By any
days back. The prices paid at the open
ing of the market were the highest for the
Of the range and at isc. above the latest
quotations of the day before. July opened
at 53c and closed worth 52esc.
only a fair business was transacted in
oats. orders were not very urgent and
sellers did not seem over anxious to dis
pose of stun. A firm feeling existed and
values at the close were from ssH5sc high
er The strength was due mainly TO SYM
pathy with wheat and corn.
The receipts of hogs We're liberal the
quality poor and prices lower, with a large
supply estimated for the coming week
Pork was most affected, showing a loss Of
SOC at one time, but closed only i2lae lower
than yesterday. Lard and ribs We're steady
and show losses of &c and 7iac Respectively |
Henry ID. Ashley-'I think II is every
mans duty to get out and vote for ali OF
the amendments"