The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-19
GRAIN MARKETS Dull
Interest Centers Chiefly in
the Provision Pit.
WHEAT l-8 CENT LOWER
Perfect Weather Reported
Throughout the Corn Belt.
WHEAT l-0 CENT LOWER

-
terest was displayed in the board of trade
market today outside Of the provision pit.
Wheat advanced 1-sc; corn lac; oats lost
a shade. Provisions advanced 10d15c, the
latter In pork.
Wheat opened weak, at nan 1-sc for
September which was s-s91-2c under yes
terday's close. Fine weather everywhere.
lower cables. and the receipts of 500 cars
for Minneapolis and Duluth, compared
with 65T cars last week and IS a year
| ago. were the chief influences at work
in the market. With such enormous re-
ceipts, and the sluggish demand for cash
property, the bulls could see no encour-
agement for rally in the immediate fu-
ture, and long wheat was thrown on the
market in great quantity. September
4 touched 20 7-Sc Immediately after the
opening. This was put price, and buying
| against these privileges absorbed the bulk
| OF offerings. Shorts covered freely on the
decline, and the market gradually rallied
| to Il S-Sc. On the bulge. the demand
| siackened again, and September reacted
to nc. The nthe holders of puts made
second turn and this time it held up until
the close. which was at II 1-4G7l Csc,
net loss of only 1-Sc. Primary receipts to-
day were 1,120.c00 bushels, compared with
$4,000 bushels the corresponding day of
last year. Local receipts were IA Gears Is
of contract grade.
Corn ruled weak on heavy liquidation.
Leading local professionals who have
supported the market steadily for the past
he II
threw their lines overheard. Local re-
| ceipts of sos cars to gether with ex-
| tremely glowing accounts of the new crop
which was reported to be favored with
perfect weather throughout the corn belt.
combined to bring the downfall of the
bulls. September opened 1-sG1-4c lower.
at 80 3-ld32 7-sc, sold during the greater
| part Of the session at 80 5-Sd32 3-4c, and
closed at 80 SIC, a net loss of lac.
Oats ruled dull. but remarkably steady.
September sold at the opening at 2O0
20 1-sc, but good supporting orders were
| apparent at the even figure, and the mar
ket rallied to 20 1-sda0 Lie at the close,
a net loss of only 1-16c. There was little
or no routine news outside Of moderate
cash demand.
Provisions showed remarkable strength
throughout. in spite of weakness in the
grain markets. Continued cash demand
for both domestic and export purposes
stimulated outside speculative buying.
Added to this was an advance OF 10d15c
for hogs at the yards. There was a slight
recession on proft-talxing. but packers
bought freely on the decline, and caused
a rally which was stin In progress at the
close. September pork closed at $3.50
net gain Of lac September ribs and Sep
TENDER lard gained n cents each. closing
at s527 IL and 1851 1-2 respectively.
Estimated receipts tomorrow: Wheat,
s.; corn, 40 ;oats, l65; hogs, 5000 head.
REPORT ON FOREIGN CROP.
Washington. July 1S.-The agricultural
departments foreign crop report for July
states that the commercial authorities
estimate the shortage in the Russian
crop of wheat at from S5,OOo.OOO to 12O 000,-
900 bushels as compared with last year.
The deficiency is most serious in the re-
gions most favorably situated for export
In the north unseasonably cold weather
has unfavorably affected all the crops OF
hay and potatoes and all grains except
oats. The rye crop, an important one, is
very short. The Prussian official report
on what Is little above fair" % being
the technical designation. The Austrian
outlook for wheat and rye is good in all
but one province, that OF BukOwina-
Austria, Roumania and Bulgaria slightly
below the average in wheat, rye and
maize. A French estimate Of the wheat
crops OF Spain and Italy puts It at Si.-
000.o0o bushels below last year, the short
age being somewhat the heavier in
Spain. The wheat crop in France is rep
resented as satisfactory. hut the optimis-
tic estimates made earlier in the season
have been scaled down by later crop
damage. the estimate now being Sj2 CO.,
e0 bushels. In Great Britain cable re-
ports OF severe general storm presage
considerable damage to a grain crop that
otherwise would have ranked as fair
Hay is very much below the average.
The report from India shows better con-
ditions in Bengal and the northern prov
inces than for several years previous.
but this improvement does not extend to
the Punjab.
GRAIN AND PRODUCE MARKETS.