The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-17
NBEhI BOON BURSTS
September Closes at a Loss
of 3-4 Cent.
ALL NEWS COMES BEARISH
Corn and Provisions Lower
Oats a Shade Higher,
ALL NEWS COMES BEARISH

Chicago, June 1s-Today's session in
wheat was marked by the almost total
disappearance Of yesterdays incipient
boom, September closing at a decline Of
SIC. Coarse grains were fairly steady,
corn closing 1-Sc lower and oats shade
higher. Provisions were heavy and de-
cuned 21-2a7 lie.
Wheat showed decided weakness at the
start. September opening at from II ga
to 7Sc. compared with yesterdays closing
price Of 70 1-2c Traders were evidently
much disappointed at the poor response Of
European markets TO yesterdays advance
here. Liverpool, which showed up wei
at the opening there, reported only about
sd advance at 1:30 p. n. Paris was up
only 5d10 centimes. The slugg.shness Of
the foreign markets strengthened the
suspicion formed yesterday that European
crop damage reports We're probably some
what exaggerated. Domestic news as a
rule was fully as bearish as the foreign.
Northwest receipts were liberal, Minneap-
oils and Duluth reporting 666 cars, against
$50 last week and II a year ago Chicago
receipts were ia cars, two of contract
quality There wass no Improvement no.
ticad in the cash demand, and, as was
evidenced by the receipts, no let-up in
the big western movement. Selling on
large scale commenced shortly after the
opening, and, with the exception Of tenn
porary intervals, kept up throughout the
entire session. Many of yesterdays big
buyers dumped their wheat back. About
II O. clock there was a let-up in the liqui-
dation, due 10 the better tone of closing
Liverpool cables, and the September price.
under an Increased demand, rebounded to
rs 3-4c. That was the high point of the
day. The demand was soon satisfied and
the market afternoon became extremely
heavy uD.ler the persistent selling, Sep
TENDER finally getting down to II LIE. The
demand improved somewhat during the
late trading on the belief that the market
was showing more weakness than the
foreign and domestic crop damage reports
warranted. Total receipts az western
markets were $4,000 bushels, compared
with 10000 year ago. Atlantic port
clearances amounted to 100000 bushels. A
moderate export business was reported al
the seaboard- September rallied TO Il Sic
and that price was bid at the close.
Corn, as a whole. was firm. The mar
ket at times showed some sympathetic
weakness with wheat but prices during
most Of the session were slightly higher.
Shows crop condition estimate of s. per
cent had much to do with the strength.
were liberal, GAS cars. Country
were increased and elevator peo-
pie were sellers, but the demand at all
times was equal TO the supply. September
ranged from 81 5-SQ3-4c 10 s. 1-Sc and
closed 1-Sc lower at ga 7-Sc. July showed
no change,
acts were quite active and firm for
but rather weak for July \
feature was the demand for futures
against cash sales, there being $4,000
bushels cash oats reported sold here. In
proved weather. conditions counted against
the price. Receipts were 225 cars. Septem-
Der ranged from q 5-Sc TO &c and closed
a shade higher at % 5-Sc,
Provisions were slow all day. Longs let
go to some extent on the wheat weakness
and lower hog prices, selling being heavy
enough to cause some recession in prices.
At the close September pork was 5I7 1-2c
lower at $50 september lard &c lower at
S5.l5 and September ribs 1-2Q5c lower at
S4S21-2
Estimated receipts Saturday: Wheat,
10 cars; corn, 615; oats, 30; hogs, 1900
head