Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1896-07-07
POLITICS A BEAR FEATURE.
CAUSE A WEAK AND LIsrLEss MAR
kET IN CHICAGO.
wheat on i.sc From Fridays Closing
rigurcs-Corn and Oats Make
small Lossc--Provisions
Irregular.

Chicago. july G.-Foiitics was n leading
factor on the board OF trade to-day. The
present fnancial trouble caused a weak ana
~llstless wheat market, September closing
lac iower than Fridays final figures. Corn
and oats were both weak, and declined isc
each. Provisions wen. irregular and clos
ed 2iac owe to 2tsc higher.
In wheat. only n moderate speculation
trade was reported. The trade was prin-
cipally local and the market, at times, was
rather dull. especially during the early
hours, and averaged weak. selling at lac
below the close of Friday. Trade was slow,
the silver agitation still exerting a de-
pressing influence. Generally favorable
weather and continued heavy arrivals In
the Northwest, amounting for three days
past TO l,Ol7 cars, were among the early
factors which were productive of weak
ness. The liberal local movement and ex-
cellent grading OF the same also had n
like tendency and the cables eNerted some
Influence on values, Liverpool carly show
Ing I'd decline. But offerings were quite
well absorbed by shorts" and the market
was steadied later by the reports of more
moderate weekly worlds shipments. The
decrease on ocean passage of 10000 bush
els proved a sustaining influence. The first
postings on the vaible supply showed i
decrease OF l,3Gl. 600 bushels during the past
week, which was considerably more than
expected, and. together with the Other bull
ish traders. also tended to strengthen val-
ucs, or, at least, pr vented tie shalp
break which many had expected to result
from the silver agitation. on the weak
spots there was some covering by sho;tg,
and the disposition TO sell shorts was
held in check. so the decline wa rather
slow and the markets showed stibborness.
Later there was q correction in the visible
supply which reduced the decrease 10000
bushels, or from 1851 600 bushels to 6Gi 900
bushels. which caused some weakness but
In turn counteracted by the Ohio state crop
report, which put the condition 3 or 10
points. less than a month ago. September
opened about lic lower at ssh ASSOC, grad
uHlly declined to 5JSsc. advanced to 55isc,
AND closed barely steady at 5i7-c.
Corn was quiet and n fraction easier: the
receipts We're liberal and there was a
good deal for sale. with the conditions
~stubbornness In wheat prevented much de-
cline. September opened isc lower at &c
and flictt'ated between e6;sc and .7isc, clos
Ing easy at &c.
Oats were extremely quiet. and price
changes narrow. Fluctuations were almost
entirely governed by wheat and corn. Sep
tember opened &c lower at l5isc, declined
to lc and rallied again on some short
covering to 15isc, where II closed.
In provisions very little interest was
manifested. At the opening. n rather firm
but prices declined later on some selling by
packers. At the decline. some demand
sprang up and n slight recovery from the
bottom followed. September pork closed
unchanged; September lard. 2isc lower;
September ribs. 2tsc higher.
Estimates for Tucsday-Wheat. o6 cars;
corn, so cars; oats. 40 cars; hogs, 1900.