The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-20
N RUSSIA
Is Reported and Wheat Drops
a Cent and a Quarter.
ALL BUT. FIVE EIGHTHS
Of the Decline Recovered
Domestic News Mixed.

Chicago, June 1s-Reports Of rain in
Russia broke wheat lac today but good
support resulted in a recovery Of all but
Sc of the dec.int Corn was but slightly
affected, closing unchanged. Oats de-
clined 1-4G3-sc. Provisions were irregular
but closed 1-2a1Oc higher.
The confidence Of wheat traders who
have been buying on tht belief that the
Russian crop had been ruined by drought
was staggered at the opening by cables
reporting good rains IN some parts OF the
drought-striclxen districts and by a break
of / Esd at Liverpool The news took a
cent off the price of wheat on the curb
and opening quotations of the regular
session showed even more decline, Sep
TENDER starting at a 5-SaT 3-4c, COM
pared with yesterdays closing price of
IS 7-sc. a brief recovery TO 7Sc took place
under buying by scalpers and moderate
covering by shorts, but the deadly bear
ish tone of domestic news soon checked
buying One Of the most important fac
tors was the enormous receipts at pri-
mary western points, 1,O22,0 900 bushels
against 10000 the corresponding day Of
1898. Minneapolis and Duluth receipts
vert SAG cars, compared with e76 last
week and 81 a year ago. Chicago receipts
were 81 cars, seven Of contract quality.
The weather Throughout the west and
northwest was reported favorable. Cash
demand bert was rather slow, and New
York reported only q loads worked for
export. Seaboard clearances were $4,000
bushels Private adv1ces from Russia
SAID the reported rains came too late for
any material bentft to the crop. The
visible supply showed an increase of but
326. 900 bushels, third of what had been
expected. The huge primary receipts kept
the market weak until late in the after
noon. when reports Of hot winds in Kan
sas and Nebraska caused some apprehen-
sion, on which September rallied to IS lac
and closed at that point.
Corn as a whole was dull The market
opened weak with wheat. and on liberal
receipts and favorable weather. There
was a good demand from all sources,
however, and in the absence OF any es-
pecial selling pressure. prices soon re-
covered, and the market ruled steady to
the close. Country acceptances were lib
eral. There was a good export demand,
the seaboard reporting 100 loads taken for
export. Receipts were 81 cars. Septem-
Der ranged from "a 1-2 to s. 1-Sc and
closed unchanged at IS 1-sc.
Oats were irregular. firm for July but
weak and lower for September. Septem-
Der was freely offered on the flint wealth.
er and the weakness OF wheat. July was
influenced by the moderate stocks and the
good cash demand and closed 1-Sc higher.
Cash business of $4,000 bushels was re-
ported here. Receipts were 246 cars. Sep
TENDER ranged from q Use to . Lag 3-Sc
and closed i-4d3-Sc lower at % lac.
Provisions though dull, with the excep-
ton of a few minutes around the open
ing. were steady later, but lower hog
prices had some effect. There was buy
ing early by packers, and liter in the
day shorts covered moderately. Pricts
advanced all around. September pork clos
ing 1Oc higher at $50: September lard a
ehade higher at s5.15d5.17 1-2. and Septem-
Der ribs &c higher at A.7s 1-2.
Estimated receipts Tuesday: Wheat. 155
cars; corn. 1910; oats. 33G; hogs, 1900
head.