The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-22
HALF-CENT GAINED
WHEAT IMPROVES WITH TIE FL
EANCIaL SITUATION.
Opening Firm nc slight Aavaness-rrade
Narrow, nat on etreAgth Developed.
There 10 C0vSrise by shorts and EuyinE
for the Long Account - Late Cables
Strong Worlds Visible supply De-
ceenses Substantially - Wheat Holds
Corn stesdy-Largs Receipts Esor,n-
Gus Crops In Prospect

Chicago. July IA better financial
outlook was the principal cause for
recovery OF = cent in the price OF
wheat today. Corn closed practically
unchanged and oats Il cent higher.
Provisions were again very much de-
pressed, lard and ribs making new low
records.
Trade in wheat was rather marrow
most OF the day. but on the display OF
strength the market made there was
some pretty active covering by shorts
and e fair amount % buying by the
and at slightly advanced prices. The
steadier feeling n Wall street and the
reported action OF the banks in strength
ening the gold reserve, had an import
ant infiunce and was, too. the main fea-
ture OF strength ali through the ses-
sion The weakness of provisions and
active short selling caused temporary
decline but prices soon recovered, strong
late cables and liberal seabcard clear
ings amounting 10 100000 bushels i'm
parting fresh strength The market
held very strong during the last hour
on covering by shorts and strong out
side markets and the substantial de-
crease n the worlds visible supply.
about /. $50. O0e bushels. and though there
was some decline from the high mark.
the closing was stead at a substantial
advance September opened ba4 cent
higher al 5s2.a5e7s cents. declined 10 5s14
cents. advanced 10 57i4 cents and closed
at 56&a557s cents.
The strength in wheat held corn prices
steady. in spite Of the large receipts
and prospects OF another heavy crop.
Considerable short covering was In
dulged IN. September opened a shade
lower. at 2Sis cents. f1uctuated between
25Is and 26I2 cents and closed steady at
the opening price.
Oats though quiet. ruled firm and a
shade higher. influenced by more reports
OF bal yields and the strength In wheat
and corn. September opened unchaDg-
ed at II cents and kept within a y
cent range. closing at 17is cents
Provisions continued their recent
downward course. Heavy Liquidation
was INDUCED IN by tired holders and
though there was some reaction 9ate
in the session. closing prices were ma
terially bower. Lard and ribs both
made now low records and pork was
| within 8 cents OF that mark for July.
September pork closed 10 cents lower az
| S625. September lard ~ cents lower at
1885, and September ribs cents lower at
| Is. 32t.
Estimates for Wednesday: Wheat
| 1876 cars; corn 200 cars: oats 10 cars.
| hogs q ZOO head.
AVAILABLE GRAIN SUPPLIES.
New York. July N-Special cable and
| teiegruph.c dispatches 10 Bradstreet's.
covering the principal points OF acct
usulation. show the following changes
IN the worlds supply OF grain. Saturday
| July is, as compared With the previous
Saturday;
Whest-Cnited States ana Canada
| east Of the Rockies, decrease s2o. 90
bushels Ancat for and IN Europe. de-
| crease 1.512.00o. Total decrease n
worlds available euppIy, 1.s47. 500.
| Corn-Unieed States and Canada east
! OF the Rockies. decrease ssS 90 bushels.
Oa1eNUnited States and Canada cas-,
Of the Rockies, decrease 1.2&5. 600 bush
els.
The more important decdeases IN avzh
aste stocks OF wheat, United States and
CsuaGa. last week. not covered in the
| official visible supply statement. include
| COZ. 600 bushels in Northwestern inter
tor elevators. 1eS-c so bushels in Milvau-
kee private elevators and 2o.0eo bush
els IN Minneapolis private elevators.
Corresponding increases include s1s. GSo
bushels in Chicago private elevators.
| 10000 bushels at New OrleanA 1ol. eo9
bushels at Louisville, $500 bushels at
Galveston, 1900 bushels a. Oswego and
| LIS, 90 bushels g. Fort William. Ont