The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-02
STRONG AND ACTIVE
Wheat Springs an Ante-Holi-
day Surprise.
ADVANCE OF | 3-8 CENTS
In September Fac
tors in Days News,
ADVANCE OF 13-8 CENTS

Chicago, July lin view Of the fact that
no session of the board OF trade will be
held until Monday. wheat today showed a
surprising degree Of strength and closed
at an advance Of l 3-Sc for September.
Strong cables, poor threshing returns and
improved ,outside demand were factors in
creating strong and active market. Corn
advanced Ad%c. Oats closed unchanged.
Provisions advanced 2 1sa2 &c.
Wheat opened strong. Liverpool quoted
closing advance of about half-pence.
and q good many continental orders for
wheat were on the market, not only for
s1he cash article but for futures. There
were also reports of damage to crops on
sdhe continent, France reporting continued
heavy rains, while weather was also re-
ported In England as wet. General con-
SditiOns in Europe were said TO be favora-
.ble for a good demand for American
nwheat. The strong tone of foreign adj
vices was readily responded to by the local
smarket, which was well loaded down with
ashort wheat and though domestic receipts
were still heavy and July deliveries large,
the bulls at once assumed the aggressive
land retained the upper hand throughout
1.-THE short Saturday session. The market
.8t first was duh. 1t always is previous to
"a holiday. but as the session advanced
trading in view of the natural tendency
no be as near even on trades as possible
over the holidays, became remarkably act
kve. Commission houses were good buyers,
Aand this renewal Of outside support had a
l. .a-4z LII, h.
Scourse Of the market Reports Of winter
wheat threshing in general were confirm
aatory of the claims Of damage to the crop.
Out in the northwest conditions were said
10 be favorable for growing wheat Min
neapolis and Duluth reported arrivals of
e24 cars, compared with SIS last week
Chicago receipts were 155 cars, 30 OF con-
hract grade Total primary receipts were
7SS,OO0 bushels Atlantic port clearances
Af wheat and flour were equal to $500
bushels July deliveries aggregated over
b million bushels but they fell largely into
kehippers hands There was a moderate
cash demand here, about 10000 bushels
being reported sold. There was quite
general covering by shorts toward the
end Of the session and the market moved
steadily upward. September sold as high
SIS - 5-Sc, and closed strong at 80 1-2&
s. 5-Sc
Corn was steady but dull early. Sym
pathy with wheat sustained prices in the
face Of continued large receipts and fav-
brable weather. Later the market be-
bame quite active and a general advance
look place The strength OF wheat was Il
factor all day, but the Missouri state re-
port putting the corn condition at only
k4c. had its effect. The cash demand also
showed improvement. The local bull
crowd bought literally. Receipts were
H.126 cars. September ranged from 81 II
10 81 f-2d3i 5-Sc. and closed 1-4Q3-Sc high
er at 81 I-2GS4 5-sc.
Oats were extremely dull but steady.
beyond a scaIping trade, little was done
and the strength of other grains had lit
Ae effect on prices The cash demand was
rather light, while crop reports were fav-
prable Receipts were liberal. 414 cars.
September ranged from p SIS to q 7-Sc
and closed unchanged at 81 SAC.
Provisions showed considerable strength.
1Iog prices We're higher and there was
some covering by shorts on renewed talk
of a strike at the yards. The market
yopened higher and advanced still more,
CLOSING firm at about top prices. At the
arlose September pork was u 1-2c higher
at $5.H 1-2; September lard 2 1-2c higher
pt S5.22 1-2d525 and September ribs 80
3 1-2c higher at 1876.
Estimated receipts Monday: Wheat,
200; corn, LIE: oats. $50 cars; hogG 5000
bead.