The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-30
UNITED TO DEPRESS.
MANY INFLUENCES AFFECT THE
WHEAT MARKET,

Chief Among Which is the Lack OF Export
Demand l. Only Moderate Activity
Liquidation a Prominent Feature
Northwestern News, Good Weather
Everywhere and the Decline In Wall
Street Securities are other Influences
Of Note-Corn Weak and Declini Dg-In-
huences in Oats Generally Bearish.
Chicago, ILL.,, June Slack of ex-
port demand was perhaps the leader in
the variety of depressing influences
which prevailed in wheat today. Sep
TENDER closed at 551zcents, or Is cent
below Saturday. The other grain mar
kets were heavy and provisions steady.
Wheat ruled only moderately active.
with liquidation prominent feature.
July was more freely offered and was
relatively weaker, the spread between
that future and September widning II
is cents and In a few instances to 12s7
IA cents. The feeling developed was
weak and July sold of to 53ss cents, SCI.
tember to 90 cents and December 10 567s
cents, after which there was little rail-
ly, but final figures showed g cent de-
cline. The start was weak on the heavy
arrivals in the northwest, receipts there
being heavier than a week back, and 3
cars in excess Of a year ago. The wealth
er, too. was most favora BILE in all Sec
tons and was a weakening factor, a.
also was the further decline Of securi-
ties in Wall street. Among the an
-v71 oh ho1 60 sra U
the decline and bring about the reac-
ton were the steady ton of cables, both
public and private, which quoted no
change In Liverpool, and then the world
shipment was somewhat lessened, ag-
gregating 7.S45,0oo bushels, against s.
O44, 900 bushels for the same week last
year. There was a decrease on ocean
passage Of 100000 bushels, and the
days exports made a fair showing, both
of which had something of a stimulat-
ing tendency. At the advance offerings
increased and prices again sagged back
selling lower than on the early break.
Liverpool was quoted Aq1z pence lower
Berlin k11h cents per bushel lower;
Paris -four $3.50 centimes lower and
wheat II centime per buShel lower. An
twerp was g cent per bushel lower.
There was a. fair trade in corn and
moderately active market within y
cent range. The feeling manifested
was again weak and still further de-
clines were scored, with July selling -
26A cents, September to 273s cents and
May TO 29ss cents. Final figures showed
a decline Of Z cent Liberal receipts.
fine weather and the action Of wheat ali
tended to depress the price
Oats were active, weaker. There was
free liquidation by longs in July, while
the shorts covered in both July and Sep
TENDER. There was also fair selling OF
May by local traders, and as other
grains were weak and the market lack
ed support, prices declined 12@A cent.
On the break there was good buying
and the market closed steady at about
the bottom. Influences generally were
barish, crop reports favorable and the
cesh market heavy at 1512G2 cents.
Speculative trading in hog products
was moderate and mainly in the way
Of transferring contracts from July to
September at the current differences
15-17a cents on mess pork. 121a615
cents on lard and 15@171s cents on short
ribs sides. The receipts of hogs were
somewhat larger than estimated, with
packing grades ruling lower, and this
eXerted an easy feeling for products.
The grain markets were easy and this
factor also had some effect. Outside ord
ers were limited, and local operators
were indifference about trading TO any
extent. Packers traded in only mod
rate quantities. Prices ruled lower on
all the leading articles early in the day,
but toward the close the feeling was
fiI7mer, and prices rallied To outside
figures and closed rather steady.
Estimated receipts for tomorrow:
Wheat, Is cars; corn, 700 cars; oats, 43o
cars; hogs, Il 600 head.
VISIBLE GRAIN SUPPLY.
New York, June 29,-The visible sup
ply Of grain Saturday, June q, as COM
piled by the New York Produce Ex-
change, is as follows: Wheat, AZ, sec, 900
bushels, decrease S59. 900 bushels; corn,
$3.50, 900, decrease $4,000; oats, S,716,000,
increase $4,000; rye, 1.547. 900. increase
$4,000; barley, 729 900. decrease 22S,000.
CHICAGO MARKETS