The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-05-10
WHEAT IS Stronger
Strike SettIementin Prospect,
and Government Crop Report
EXPECTED TO BE RULLiSH
Provisions Handicapped by
the News From Berlin.

Chicago, May s.-Prospects today OF an
early settlement OF the strike at Buffalo,
and sentiment among traders that the gov
eminent crop report tomorrow would be
bulllsh. strengthened wheat July closed
with a gain Of 5-SaS-4c. Corn advanced
Sc. Oats lost 1-4a3-sc. Pork declined 1Oc.
lard 71-2a1Oc and ribs sc.
decline Of 0points IN the Michigan
state report since April l started wheat
firm. There was a soft spot early, owing
to proft-taking. but the market became
strong again on a reported Improvement
in the strike situation az Buffalo. A tip
that the government report would make
the winter wheat condition between 20 and
70. compared win 779 last month, added
to the buying movement. July opened
1-S91-4c higher. at Il 7-SQ72c. advanced TO
y 1-Sc, declined to Il 5-Sc, rallied 10 - IL
G5-Sc and closed with sellers at y 3-SG1-2c.
Receipts were light. Chicago received 81
cars. against $50 the same day last year.
and Minneapolis and Duluth 1S6. compared
western primary markets was 296 900 bush
els, compared with $4,000 bushels last
year Atlantic port clearances amounted
in wheat and -four to 5000 bushels. Cash
business slow. Worlds visible supply in
creased 14S6,0o0. against $4,000 bushels
bushels decreae last year.
Corn weakened early and sold under
puts but rallied on a decrease Of 5.53 900
bushels in the worlds visible. Cash de-
mand was good. Receipts 80 cars. July
opened a shade lower at 80 1888 de-
clined to 80 1-2c and advanced TO 80 1-Sc
buyers at the close.
Oats declined sharply under heavy liqui-
datfon, but there was a partial recovery
near the end due largely 10 the more
favorable outlook at Buffalo. Receipts
we're 62s cars The worlds visible supply
decreased 1885. 900 bushels. July started a
hede lower. at % 1-Sd1-4c. touched % lie,
sold off to % 5-Sc and rose to % 7-Sa23 at
the close.
Provisi ons-Prospects of inspection laws
being passed in Germany unfavorable 20
American meats handicapped provisions.
A break in the price of hogs at the yards
also had a weakening influence. July /
pork opened &C lower. at $S.55. declined to /
sS.52 II. advanced to 1857 1-2dS.6O, sold off |
to ss471-2 and closed at $50.
July lard started unchanged at $50 and |
declined 10 $5l75 02 1-2 at the close.
Ribs were dull within narrow limits.
Estimated receipts for Wednesday |
Wheat, 40 cars; corn, 10; oats. 800; hogs, |
81, 600 head.
BRADSrREET'S VISIBLE.
New York, May Especial cable and
Geographic advices 10 Bradstreet's indi-
cate the following changes in available |
supplies last week:
Wheat-United States and Canada east |
Of Rockies, decrease $4,000 bushels. |
Afioat for and in Europe, increase 100000 !
bushels. Total supply. increase Ls46coo |
bushels.
Committed States and Canada east OF
the Rockies, decrease 5.53O,OOo bushels.
Oats-United States and Canada east of
the Rockies, decrease $4,000 bushels.
Among the more important decreases
not given in the official visible supply
statement are those of 621.0o0 bushels at
Manitoba storage points; $4,000 al New
Orleans; 125.e00 at Milwaukee private ele-
vators and 10000 at northwestern interior
elevators. The principal increase Is that
Of $4,000 bushels al Joliet. The aggregate
stocks of wheat held at Portland, Ore,
and Tacoma and Seattle. Wash, decreased
IS, 900 bushels last week.
FIGURES ON FOREIGN CROPS.
Washington, May 9.-The foreign crop
statistics which supplement the recent
winter grain report OF agriculture show
that the winter grain conditions almost
everywhere in Europe are favorabl Rus
sia reports complaints of deficient grain,
but the general condition Is represented as
Little. if any. harm seems
10 have been done by the severe cold
weather in March in the western cOUn-
-r3es and reports Of spring cultivation and
seeding are favorable Considerably less
han a normal crop. approximately three
-ourths, is Indicated for India % a while,
Bengal alone reporting uneGhv0cally good
)ut-turns Roumania reports for lS9s
Wheat, IS, 455.9O4 bushels; rye, 7.s2s,6ss;
maize. S, 0006o Thi SIS a large gain over
ST. Austrias' 1sSs wheat crop is report
q as 46,600Oo0 bushels. Italy's wheat /
,rop for 1885 is officially put az l33.g7l.oo0
,ushels In Argentina the area under !
y heat for 1852 from which the crop WAS
'ecently gathered has been officially IS
mated al s.1O.219 acres and the aggre-
,a.e product IS uuoficialiy estimated az
9 o.. go bushels. The Uufted States min
ster az 'Bueuos Ayres reports that the
quality Of the wheat crop IS fairly good /
md the yield extraordinary. The maize
rop. row gathering. Is Likewise good /
re In me United Kingdom the .nc7eaEs
n the wheat crop over that Tor Iss7 was
I. 0ss. 81 bushels, a percentage Z Increase
leaFsy three times as great II production
Is II area
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