Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1897-06-24
MARKETS on 1HB WEEK
LATEST REPORTS FROM TRADE
CENTERS.
Outlook for Grain as Given by Com
petent Observers Effects Of Cur
rent Events on Business.
Special to the Reflector.

building, this city, for the week end
ing today is as follows;
Financial circles during the past
week have been undisturbed by any
thing of a sensational character, and
there are but few indications of dis.
quieting incidents to check the ncreas-
ing demand for all classes of remuner-
alive securities. There are good rea-
sons for anticipating 4 renewal of gold
shipments in moderate volume, and
some fears that railway rate wars now
being waged may eventually develop
Improbable antag0nl>m between the
great trunk lines. These elements of
weakness have thus far been accorded
but little consideration in speculative
transactions the more hopeful features
Of the slll'a ion having dominated the
stock market.
The persistent claims Of promising
crop conditions along he lines Of the
great western and northwestern roads.
Mhl"h are m r. optimistic than either
government or private information. has
contributed to he Improvement in bus
mess in Wall street and impaired
greater confidence in the future Of
the general security list. The recent
'hencling which almost tie entire
grain belt of The country has received
alaNs all fears ot crop damage for the
present. and unless storms become de
StrurtlvpN frequent. clop aulvices will
d'n'ilrsS bertm more Gathering; for
she ralnlalI has not on y afforded need
cd moisture blt has. by its abundance.
NalrlaIN checked the propagatiou Of
itSrc' iiIp, and reduced the poss 'hility
Of damage from that cause To The min
lnnn.
The wheat situation has undergone
bit lillle change either at home or
abroad $ far as the near future is
concerned stocks continue TO decrease
lapi1ly and will undoubtedly he com
paraively small by the time the new
clop is in liberal supply.
The growing grain has been greatly
brueiItrd by recent rains. and the out.
look for 4 hountcous spring wheat har-
vest is lla'prng. Reports from winter
what sections. especially in Illinois
and Missouri indicate Il much larger
N"id than has heretofore seemed pos
sihle and a few ears OF new wheat have
hern received at some of the primary
markets.
The demand for old wheat for mill
inc PURPOSES is fairly liberal on soft
spots, but abaleS as soon as any adj
valme IN rlrp is demanded Many
mills are idle. awaiting the advent Of
the new crop and us tine consumption
Of flour goes steadily ON. the milling
ii nand when IT begins will probably
absorb a large proportion of the earlier
recelnls
Foreign adyicrs reiteluip the claims
Of damag" in Bulgaria and Roumania.
and STATE that reserves IN these coun-
tries and in the interior of Russia are
small. European markets do not re-
trcl any great apprehension of inabil-
itN to secure adequate supplies, either
for present or future consumption. and
their apathy tends to discredit the re-
ports of serious damage in the Danu-
bian countries.
Speculation is daily drifting into the
September future. Though there is
great interest manifest in the course Of
the July option, which at times has
seemed to b. subject to manipulation
There is but little. however, to warrant
the assumption, and the erratic course
Of the market is not unnatural when
the paucity Of supplies, as compared
with the volume Of trade, and the per-
sistence with which the claims of a
squeeze are pressed. are considered.
So far as the general trade is concerned,
the course Of July wheat will soon be-
come more an object of curiosity than
of interest except as it may sympa-
theticaly affect the more deferred ill-
lures. When this "bogie0 is out of the
way and the trade directs its attention
to the new crop futures, the market
will doubtless broaden and once more
b subject to the influence of natural
causes.
Weather conditions which have been
so beneficial to growing wheat have
also benefited the growing corn, espe.
cially in sections where the abundant |
rainfall was followed by high tempera-
ture: and where doubts and misgiyings
prevailed, on account Of the retarding
influence Of unfavorable weather, hope
and confidence have been restored
While the favorable weather change
has improved the crop outlook, 1t has
neGesstated its more assidious working
in order that it may be freed from rap
idly growing weeds, and will engage
the attention Of 50 many farmers that
their inability to market the surplus
of former crops will probably be man
ilest in receipts at primary markets.
So much of the corn in cribs at interior
stations will not pay profit at current
quotations that anything that will
check the movement from first hands
will soon affect available supplies.
The export demand which has notice
ably fallen off. Is still sufficient to make
the clearances quite heavy when com
pared with the movement of other
years, and to create ready market for
current receipts. There has been a
revival of speculative activity in this
cereal which at times so absorbed the
attention of traders that it commanded
more consideration than wheat.
Oats continue featureless and are
indebted TO corn for what little ANNA
ton the market for them possesses,
The heavy receipts of hogs have
gradually depressed the price of the
product despite the substantial support
of interested longs.
The visible supply of grain in the
United States and Canada shows the
following changes for the week Wheat
D0l3 O00 Inn corn increased