The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-07
POLITICS LOOMS UP
HAS 4 MARKED EFFECT ON BOARD
OF TRADE MARKETS

Trading Principally Local, and at Times
Dull, Prices Running at One Time Be
low Fridays CIose--Weathers and North
western Receipts Of Depressing Ma
ture-LfverpooI Declines Early But
Steadies Later-Two Visible supply Re
ports Posted-Corn Qaiet and Easier,
Declining. With Oats, an Eighth Ceat.
Chicago, July 6.-Politics was a lead
ing factor in the board OF trade today.
The political and financial agitation
caused q weak and Iistlsss wheat mar
ket, September closing 4 cent lower
than Fridays final figures. Corn and
oats were both weak and declined Is
cent each. Provisions were irregular
and closed 215 cents lower than Friday.
Only a moderate speculative trade in
wheat was reported. The trade was
principally local and the market attines
was rather dull. especially during the
early hours. and average weak selling
at one time half cent below the close
on Friday. Trade was slow. the silver
agitation still exerting q depressing in
Z
and continued heavy arrivals IN the
northwest amounting for three days
past to 10Y cars, were among the early
factors which were productive OF weak
nzss. The liberal local movement and
excellent grading Of the same also had
a Ike tendency and the cables exerted
some influence on values. Liv-Dool
early showed 4 d decline. but offerings
were quite vel fabsorbed by shorts and
the ma rket was stearied later by the r.
ports OF more moderate weekly worlds
supply. The decrease on ocean passa ge
of l 200. GOO bushels proved a sustaining
influence. The first pOstings on the VS.
fble supply showed a decrease Of 1851
e00 bushels during the past weak, which
was considerably more than was ex-
pected. On the weak spots there was
some trade by shorts and the DISPOSE
ton 70 sell short was held in check, 50
the decline was rather slow and the
markets showed stubbornness- Later
( there was a Correction in the visible sup
ply which reduced the decrease 700. coo
bushels. or from 1901 goo bushels to 661.-
600 bushels which caused some weak
ness. but was in turn cOun teracted by
the Ohio state crop report, which put
the condition > or 10 points less than q
I month ago. September opened about L
cent lower at 5524 a 557s cents. gradually
! declining to 555s cents, advanced to 561S
cents, and closed barely steady at 557s
| cents.
Corn was quiet and . fraction easier.
The receipts were liberal and there was
a good deal for sale, with the conditions
generally recorded as barish but the
stubbornness in wheat prevented much
decline September opened i cent low
er at y cents and f1uctuated between
p and 277s cents.
oats were extremely quiet and prices
ranged narrow. Fluctuations were al
most entirely governed by wheat and
| corn September opened Z cent lower
az 1915 cents, declined 10 Is cents and
rallied again on some short coverings
10 ISIS cents, where IL closed.
In provisions very little interest was
manifest. At the opening a rather firm
( feeling prevailed on the scarcity Of hogs.
but prices receded later on some selling
! mand sprang UP and a slight recovery
by packers. At the decline some de-
from the bottom followed. September
pork closed unchanged, September lard
21a cents lower and September ribs pa
cents higher.
Estimates for Tuesday: Wheat 2O5
cars; corn $40 cars; oats 475 cars; hogs
15,0 900 head.