The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-15
GENT OVER Saturday.
Is Where Yesterdays Bull
Market Landed Wheat
BAD REPORTS NORTHWEST
Coarse Grains Go 1t Alone,
Closing Generally Lower

Chicago. Aug. 1Ewheat today develop
ed into a strong bull market and closed
The continual falling of In primary re-
ceipts and generally disappointing spring
wheat threshing returns caused free COW
ering and brought outside support to the
market Coarse grains were utterly IN
different to the wheat strength and closed
a shade lower for nearly all options. Lard
declined 1-2g5c but other products made
little change.
Considerable irregularity was shown by
wheat during the morning. though prices
at all times were above Saturdays clos
ing quotations. An opening advance OF
S-Sg1-2d at Liverpool and a still further
advance $50 O'Clock made the opening
here strong. September starting at Il Csc,
an advance Of 1-2c. There were some dis
position shown to realize at the advance.
and the market wavered for a short time,
September selling at Il lac, but the
strength Of the foreign markets. and some
poor threshing reports from the north
west gave confidence TO the bulls and all
offerings were rapidly absorbed, Septem-
Der advancing to II 5-Sc. period OF
comparative easiness followed Outside
selling orders came In in sufficient quail
ties to depress prices. the decline being
rendered easy by the favorable foreign
crop news, A feature OF this was the
famine reports. would have some wheat
for export. The market declined to Il
1-sc for September and though rallies
were frequent. the tendency until after
noon was lower. During the afternoon,
however, the market developed marked
strength. Primary receipts, for the first
time IN months. showed a decrease from
a year ago. The figures were s56. go
bushels, compared with $4,000 last year.
The visible supply, which was Tot ex-
pected to show any material change, de-
creased SG0,cOo The general tenor OF
northwest harvesting reports was disap-
unfavorable. The weather in the north
west was favorable, and the cash here
was poor, but this did not discount the
effect Of the crop prospects, and in the
last hour strong buying movement set
in which carried prices steadily upward.
Minneapolis and Duluth receipts were 2Si
cars. against 247 last week and 314 a year
ago. Chicago receipts were ca cars. At
lantic port clearances OF wheat and -four
aggregated s14.ooO bushels September ad-
vanced to IL 7-S972c and closed strong at
II IS
Corn was barely steady. The brilliant
crop prospects caused some selling, but
sympathy with wheat, small country Of
ferings and a good cash inquiry supported
the market and declines were inconse-
quential. Receipts were 33S cars. Septem-
Der ranged from 80 5-SG30 3-4 to 30 7-SGD
Gle asd closed shade lower at 30 SIC.
December closed 1-Sc lower at IS 3-Sc
During most Of the session oats were
practically at standstill and the range
was barely 1-Sc. There was a good de-
mand for cash. however, and the visible
showed a decrease OF e24OO0 bushels.
Heavy estimated receipts for tomorrow
caused some easiness In the speculative
market late in the day. Today's receipts
were IA cars. September ranged from 10
SIS 10 3-4c and closed a shade higher at
19 3-4c. December closed a shade lover
at 10 5-sc.
Provisions were quiet and Irregular. The
market was strong early on the sharp
advarce in hog prices. Declines followed
on rather free selling by a prominent
packer. but in the afternoon the market
was studied by the advance in wheat
TIE close was easy for pork and lard and
steady for ribs. At the close september
pork was unchanged al $3.50: Sep.euaFer
lard 1-2a5c lower at s5.2eTs5.22 1-2 ald
l. and September ribs shade higher at
sos.
Estimated receipts Tuesday: Wheat LIS;
corn 465: oats 200; hogs 1900
VISIBLE GRAIN SUPPLY.
New York. Aug. 1.-The statement OF
thu visible supply OF grain in store and
ahoat on Saturday. August L. as COM
piled by the New York Produce exchange,
is as follows: Wheat IS, $500 bushels.
decrease 5000 bushels: corn OS5, 20
brshIs decrease 5S5. 600; oats $500 bush
els. decrease 2G4,oo0: rye $4,000 bushels.
decrease q 900; barley 35S000 bushels. de-
crease $, coo bushels.