The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-28
TURN FOR TIE better
Wheat Takes on Lighter Re-
ceipts and Cash Demand.
HIGHER BY 1-4a3-8 CENT
Corn, Oats and Provisions
Close at Advances

Chicago, June H.-Prospects Of relief
from the heavy burden of wheat a: veg
tern points and an increase in the cash
demand turned a weak market into a
comparatively firm one today. and result
ed In a closing advance in the September
option of 1-4d3-Sc over yesterday. Corn
and oats were firm. corn closing 14d3-sc
higher, and oats 1-Sc higher. Provisions
advanced 2 1-2a5c.
The action of wheat at the opening and
for short time after was anything -
encouraging TO the bulls. There was the
same story of weak English and CONT
mental markets, and the same reports Of
heavy receipts at primary points, that
caused wheat in the past week to break
cents. The opening in September was
at 1S l-2a73 5-Sc. compared with yester-
days closing price Of 74d074 1-Sc. The
liquidation for a time was heavy, holders
of July options being specially prominent
In the selling. and a further decline to
% Csc. This proved to be the bottom,
however. AID the stubbornness with
which the market resisted any further
moderate covering by shorts resulted in
encouragement to the bulls. Buying
against puts stopped the decline and
moderate covering by shorts resulted in a
gradual advance TO 70 Sc Before noon
buying was increased by advices from the
northwest that receipts at the two big
receiving points will probably show a ma
terial falling of next week The local
cash demand showed improvement, 2O1.GoO
bushels being worked. Further improve
ment in the shipping demand was indt-
Gated by the fact that New York was
about TIC over Chicago. a shipping differ
ence. Minneapolis and Duluth receipts
were 40 cars against 20 last week and
b year ago. Chicago receipts were 1915
cars q OF contract quality. Total primary
receipts amounted to Loci, 900 bushels. COM
pared with $4,000 bushels last year. The
seaboard reported 30 loads taken for ex-
port Too much rain was reported in the
west and northwest. September advanced
steadily to 74Ik. but received a Temporary
setback from Bradstreets figures ON tho
visible putting the Increase at $4,000
bushels. This caused renewed liqudat ton
in mo-erate way, but offerings were we'll
absorbed and the market soon became
steady again. September was bringing
I4asc at the close
The market for corn was quiet but firm,
mainly on yesterdays large cash bust
ness. The demand today was rather slow.
and receipts were large, 1895 cars. but
country offerings weer small, and the bull
crowd stood pat on their holdings. Sep
TENDER ranged from S4l4c to S4%c and
closed kG9sc higher. at S41zd345sc
Oats were dull but steady. There was
a good demand from the country and from
shorts. Cash demand was slow. Receipts
were S67 cars. September ranged from
2lIzc 10 21s.42l7sc, and closed Mc higher,
at 2i%G2l2tc.
Provisions weer firm, largely on the
heavy shipping business. and prices ruled
a trifie higher. Possibility of a spread of
the stock yards strike was bull factor
today, driving some shorts TO cover. Trade
was dull throughout. At the close Sep
TENDER pork was s. higher, at IS. s7ls; Sen
TENDER lard 2Ed5c higher. at s. 17is. and
September ribs 2iaG5c higher. az s4.S71s.
Estimated receipts for Wednesday: |
Wheat. 10 cars; corn, 100; oats, 20; hogs. |
S2,00O head.
BRADSTREET'S VISIBLE
New 1Ork, June 27.-Talegraphic and !
cable dispatches to Bradstreet's Indicate |
the following changes in available sup
plies last week:
Wheat-United States and Canada east !
Of the Rockies U.iverpool Corn Trade 1
News, increase $1,000 bushels Anoat for
and in Europe. increase 5000 bushels. !
Total supply. increase 1,433.O00
Corn-Cnited States and Canada east of |
the Rockies, increase 59t 800.
Oats-United States and Canada east Of |
the Rockies. decrease 1OS1.0JO
Among the more important Increases re-
ported To Bradstreets not given in the Of /
fetal visible supply statement are those Of {
$4,000 bushels at Chicago private eleva- /
tors, 5000 at Milwaukee private elevators. /
&.eo at Fort William and 81 N0O bushels /
at Galveston. The principal decreases are !
those of 10000 bushels at Manitoba stor-
age points. 10000 bushels at northwestern /
interior elevators and s. 600 bushels at Full !
ton. The aggregate stock OF wheat held
at Portland Ore, ana Tao oma and Seattle.
Wash. decreased 24SOo0 bushels last week.