The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-23
Strength 10 WHEAT
Is Given by the Extsa Heavy
Export Demand.
IT GAINS 3-4a7-8 CENT
Corn aud Oats Firm and High
er-ProviSionS Decline

Chicago. June 0-An exceptionally
heavy export demand gave strength to
wheat today, and resulted in an advance
in that market of S-4a7-sc over yesterdays
final price. Corn and oats were firm,
partly on account of reduced grain rates.
closing 1-4G3-Sc and 1-2c higher respect
lively. Provisions were heavy and de-
cIined 21-2a7 1-2c.
The opening in wheat. although q1iet
to a marked degree, was characterized by
good deal of strength, September start
ing at 76 1-4d3-Sc, against yesterdays clos
ing price OF 76I1-sc. The most notable
feature of the early news was the midday
| advance at Liverpool, 1:30 p. m. cables
showing a gain of 5-Sd. Considering yes
terday's decline here this action was un-
booked for. and started buying by local
traders sufficient TO absorb the selling by
scalpers and from the outside, following
the announcement Of another day Of
heavy receipts at primary points Mime
apolis and Duluth reported arrivals of
535 cars, compared with AZ last week and
g. year ago. Chicago receipts were 10
cars of contract quality. There were
good many foreign buying orders executed
around the opening. Rains in France,
where harvesting is in progress. were re-
ported, and Russian advices were to the
effect that the rains in that country came
too late to be OF material zenefit. Total
receipts at primary points amounted to
942 600 bushels. against 5000 bushels last
year. Atlantic port clearances OF wheat
and -four were $1,000 bushels. September
touched rs 1-Sc Immediately after the open
ing, then slowly advanced TO 76 1-2c. After
noon the market became much stronger
and more active, influenced by the enor-
nous cash and export business reported.
At Chicago $4,000 bushels was worked,
Baltimore reported @ boat loads, anu New
York reported a total of l62 loads includ-
ing 50 at outports, which probably in
cluded the bulk OF the Chicago business.
But the figures were larger than for many
weeks. Crop damage reports from Mich
igan. Kansas and Nebraska also filtered
It during the afternoon, adding their infiu-
ence toward the strengthening of the
market. September advanced TO nc short
~ before the close and &c 7-sc was bid as
the closing bell rang.
Corn, though not especially active, was
firm, in spite OF large receipts 7e5 cans,
and favorable weather. The export and
cash demand. dull of late, was large to-
day, New York reporting 40 loads taken
for export, sales here being put at nearly
one and one-haIf million bushels The
market was also helped by the announced
cut In grain rates to the seaboard. Sep
TENDER ranged from "a IS to 81 7-sd3jc
and closed 1-4d3-Sc higher at "a 7-sc.
Oats were quiet but strong the inhu-
ences being mudh the same as in corn.
The cash demand was good, and receipts
moderate. 1SS cars. Shorts covered to
considerable extent. The reduction n
grain rates was a big factor in the
strength. September ranged from q "a
to % lac and closed 1-2c higher at q is
G1-4c
Provisions were heavy all day on large
hog receipts. Selling was general, though
not on a large scale. At the close Sop
TENDER pork was 7I-2c lower at sS.35;
September lard 1-2c lower at S512 II. and
September ribs sc iower at NS2 1-2GS5.
$50 cars; corn. 1000 cars: oats. 2iO cars;
hogs, SS,Oe0 head.