The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-11
AL GRAINS DECLINE
Wheat on Anticipations of a
Bearish Crop Report.
CORN DULL IN SYMPATHY
And Oats Follows Wheat and
Corn-ProvisionS Firm.

Chicago, July 1o.-Anticipation Of q
bearsh crop report was the chief factor
in decline in wheat today Of 1-4Q3-Sc.
1t also had the effect Of greatly restrict
ing trade. Corn showed sympathy to the
extent OF lac decline. Oats declined $50
1-2c- Provisions were firm and closed IN
changed 10 SC higher.
September wheat opened easy s-sc under
Saturdays closing price at y 7-s97sc;
ranged from q s-4a7-Sc TO % Csc and
closed at re. The usual anxiety over the
approaching government crop report was
evident al the beginning and put a damper
on trade. The seaboard reported a con-
tinued good export demand. Primary re-
ceipts were So. 276 bushels as compared
with .9O4 last year. Duluth and Mime
apolis receipts were 599 cars; Chicago IsS
cars, OF contract grade. The market
showed considerable weakness during the
early trading and the lowest prices OF the
da ywere recorded in the first four hours
Besides the apprehension OF a beari<5 gov
eminent report, the market was depressed
by lower English and continental cables
and by favorable weather throughout the
wheat belt. The constantly increasing
worlds visible supply was not az all en-
coUraging to prospective buyers. The in
crease last week was $4,000 bushels.
Worlds shipments amounted 10 1853, 90
bushels. After the market toJGhed y IS
d13c. a better feeling manifested itself.
Shorts bought moderately and a slow adj
vance took place, the price getting to
% 3-sc before the demand ceased. Shorts
apparently had a good leal OF confidence
in their position and support from that
source was more or less prominent on
every decline. The market ruled very dull
during the afternoon and gradually de-
clined to &c. 1t was bringing that price
at the close.
Corn was dull and weak all day. SYM
pathy with wheat being a factor The ao-
preaching government crop report also
had its effect on speculation, as It IS ex-
pected 10 show a crop Of at least two
billion bushels. Receipts were 72l cars.
September ranged from 80 Csc to 80 Sc
and closed about 1-sc lower ATS 3-4c.
Oats were Influenced almost entirely BY
wheat and corn and a substantial decline
was chronicled. September was sold By
both longs and elevator people. There
was a good demand for cash, but me
speculative article was~hard to dispose of.
Receipts were coz cars. September ranged
from 20 Csc to % 5-Sc, and closed s-sa
1-2c lower at 20 Sc
PROVISIONS were slow but firm. Hog re-
cefpts were heavy, but outs de support
was good and selling by shorts restricted
Prices kept within narrow range. slight
ly higher than Saturday. At the close
September pork was &c higher, at SIS:
September lard unchanged at s5.25 and
September ribs 21-2d5c higher at s5.o7 1-2
a51c
Estimated receipts for tomorrow: Wheat
Is cars; corn rs; oats S35; hogs 500
head.
VISIBLE GRAIN SUPPLY.
New York, July 10.-The statement ~
the visible supply Of grain in store and
afioat on Saturday July 8. 1899. as compiled
by the New York Produce exchange. IS as
follows: Wheat 34.1o6.oOO. increase 34caO.
corn 129S3.ooo, decrease 2Sg. 600: rye 72-gO.
increase 500: barley OF n10 fnc-ea=a - ~,