The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-08
BEARS DAY N Wheat.
Market Weak Under General
Iy Adverse News.
SEPTEMBER So LOWER
Corn LOWer--0atS Firm--Pro-
visions About Unchanged.
SEPTEMBER SO LOWE R

Chicago. July Under the weight OF
lower foreign markets, heavy domestic
receipts and improved weather, wheat
was weak today. closing with a loss of
5-sc for the September option. Corn fol-
lowed the bigger market, September clos
ing with a loss Of 1-Sc. Oats were indie
pendentiy firm, closisg with a gain %
1-sc, while provisions finished practically
unchanged.
September wheat opened 3-4c below yes
terday's closing price, Influenced at the
start largely by improved weather condi-
tons. Foreign markets were weak and
lower asd domestic receipts were too heavy
for demand. The total primary market
receipts were $4,000 bushels. against ST.
O00 bushels the year before. and London
cabled that the supply there was in excess
OF demand. Argentine shipments for the
week were 1,215,0O0 bushels. against 1,O0S,0CO
bushes the week previous, while local
ago, and southwestern receipts footed up
IA. compared with 43 last year. All this
was meat for the bears and September
went as low as 70 1-Sc. Bradstreet's report
of LOO, 900 decrease in the worlds visible
and DuIuth's estimate of a probable de-
crease in stocks there for the week Of
10000 bushels, helped the market trifie
hut h. % 4Tru1adiafa Gnny1lfnS
was more effective upon speculative ,senti-
ment thas a prospective scarcity and Sep
TENDER wound up YEARLY at Use, against
"A lac at yesterdays close. July ranged
from n 3-4 to 70 lac, closing at the latter
price and December sold between 20 and
20 1-2c, finishing at the high figures.
Corn was dull and easy. The dimin-
fishing receipts asd excellent shipping de-
mand were more than Offset by the favor
able weather and the oearfsh influence Of
the wheat market. New York reported a
large export business but Argentine ship
ments for the week were $685. 900 bushels,
against $4,000 the year before land local
receipts were 474 cars September opened
3-sc lower at SO 7-Sc sold dows another
finish, at 80 5-Sc.
September oats opened unchanged at
20 3-4c and early in the session sold down
to 20 1-2c on improved crop reports and
in sympathy with the bigger markets.
There was good demand from shippers
against cash sales made for export. how
ever, asd the market rallied, closing at
20 7-Sc. the high point of the day.
Provisions were steady after an opening
a shade lower than yesterdays close.
Hog receipts continued heavy with no i'm
mediate prospect of decrease but the ex-
cellent demand for spot goods prevented
short selling and maistained prices. Sep
TENDER pork closed unchanged at $S55,
September lard 2 1-2c higher at $50 1-2
and September ribs unchanged at $500.
Estimated receipts for tomorrow: Wheat
100 cars; corn $40 cars; oats 100 cars; hogs
1000 head
BRADSTREETS VISIBLE.
New York, July 7-Speca. cable and tel
egraphic dispatches TO Bradstreets indi-
cate the following changes IN the avail
able supply:
Wheat-United States asd Canada east
OF the Rockies, increase 1,I7i.Oo0 bushels.
Afioat for and in Europe. decrease $780,
GO bushels. Total supply, decrease 1,7OG,-
900 bushels.
Corn-United States and Canada, east
of the Rockies. increase 2O16.OOO bushels
Oats-United States and Canada east Of
the Rockies, decrease $4,000 bushels
The most important increase reDor.ed n
Bradstreet's sot given in the official sup
ply statement is that OF $4,000 bushels at
Chicago private elevators. The particular
decreases are those of 9750lO bushels at
Manitoba storage points. l2S.OoO bushels at
Burlington. and 100000 bushels a: north
western interior elevators. The aggre-
gate stock of wheat held at Portland.
Ore, and Tacoma and Seattle, Wash,
decrease 1900 bushels last week