The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-01
SHADOW OF HOLIDAYS
Hangs Over Wheat and the
Market Falls Dull.
SHADE OF IMPROVEMENT
In September = Primary Re-
Ceipts Continue Heavy.
SHADE OF IMPROVEMENT

Chicago, June SO.-The shadow Of the
coming holidays was heavy on the wheat
market today and kept prices within
narrow range. The close was at a shade
improvement over yesterday. Corn closed
1-sG1-4c higher for September but un-
changed for July. Oats closed unchanged
for September but 1-4a3-sc lower for July.
Provisions advanced 21-2d5c.
Wheat started with a degree Of steadi-
ness that was somewhat surprising in
view of the half-deserted condition Of the
pit. Liverpool followed closely the de-
cline OF the local market yesterday and
both local and northwest receipts were lib
eraI to degree that under ordinary con-
ditions would have caused weakness. But
shorts showed a tendency TO get out OF
the market over the coming holidays and
buying by that class of traders sustained
the market at first. September opened a
shade over yesterdays closing price, at
"A 1-SG1-4. This price changed very little
for about half an hour, when Eubstan-
tial support was given the market by
Shows crop report on the condition of
spring wheat This was unfavorable, put
ting the condition at under 80 per cent,
and reporting good deal of damage from
rust and excessive rains, and especially in
had been one of the leading planks in the
platform of wheat bears for sometime
past news Of this kind caused a noticeable
increase In the buying Isnland, and at
one time during the session caused the
market to assume some degree of activity.
The price quickly responded to the de-
uland. September advancing to "A 1-2c and
holding close to that price as long as
the buying lasted. which, however, was
not very long. Before noon the market
had taken on the dullness always shown
prior TO holidays, and from that time
until the close trading was narrow and
fluctuations small. Considerable weakness
developed also on the continued heavy
primary receipts, the total being placed
at 6IT,OO0 bushels, compared with los, 600
bushels year ago. Minneap polls and Du-
luth receipts were SOC cars, against G69
last week and 80 a year ago. Chicago re-
ceipts were 123 cars, "A OF contract grade
Atlantic port clearances of wheat and
flour amounted to but 10000 bushels. The
seaboard reported 81 loads taken for ex-
port today. September sold as low as
I3 S-4q7-Sc at one time, but at the close
had rallied to "A 1-SG1-4c and showed
some steadiness at that figure.
Corn was fairly active and irregular.
There was continued liquidation in July,
which kept The price Of that option down.
while September was advancing slightly.
Shows report made the condition of corn
80. Receipts were liberal, 9g9 cars. There
was good cash inquiry here and at the
seaboard. September ranged from 80 rs
u "a Csc, and closed 1-Sd1-4c higher at
"a l-4c- July closed unchanged at 80 Sac.
Oats were moderately active and irreg-
ular. weak for July but steady for the
distant futures. Receipts were 2g6 GRE.
Crop advices were rather more favorable.
September ranged from q 1-2a5-S to 21 7-sc
and closed unchanged at 2l3-4c. July
oats closed 1-4d3-Sc lower at 81 1-Sa1-+c.
Provisions were almost at a standstill.
Some strength was shown at the opening
on the steady hog market and on n gen.
eral demand from packers. presumably
covering. This demand kept I'D through
out the session. At the close September
pork was &c higher at s4.S5; September
lard 21-2c higher at $780, and September
RIBS shade higher at S4s7 1-2deO
Estimated receipts Saturday: Wheat
lbs cars; corn. 1000; oats. 90; hogs Is oo1
head.