The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-06
GRAIN MARKETS WEAK
Owing to Accommodations at
Primary Points.
WHEAT LOSES | 70 CENTS
Other Markets Simply Join
the Procession.

Chicago, July 5.-Grain markets were
extremely weak today owing TO a vast &C
cumulation at primary points since last
Saturday. Wheat lost 17-s cents. Corn
declined $50 and oats lost 7-Sc- Provis-
ions were Influenced by the weakness in
grain. Pork declined 1ec, lard &c and
ribs So.
Wheat opened at loss Of 5-Sc, compared
with the closing price Of Saturday. AL
the early information was against higher
prices. The English visible supply, ~nicn
a year ago showed a decrease OF 2S6'yU
bushels. today showed an increase or
5sS 900 bushels Shipments from India to
European markets astonished even inc
bears. They were reported at 2.OV0'JV1
bushels. making a total from all points
to Europe, Of $4,000 pushes. Septem-
Der wheat, which opened with sales from
30 down to "A T-Sc, showed no tendency
to raay, with this astonishing supply OF
grain. and the bears offered the markets
down until al noon September was bring
ing "A 1-SaI-4c.
Covering caused a slight rally, Septem-
Der touching "A 1-2g5-Sc. The visible sup
ply figures, however, started second de-
cline. September touching 70 5-Sc. Adding
the ports of Galveston, New Orleans. Fort
William and Port Arthur TO the primary
points, today's visible supply showed an
increase of 4. IA, coo bushels. This enormous
increase was partially offset by a de-
crease of 2.24S,OOO bushels In the quantity
in passage. Chicago received 2IS carioads
while Minneapolis and Duluth reported
1873 cars compared with 24S cars a year
ago. Shipping demand was slack, only 16'-
600 bushels being cod here for export At
lantic port clearances were $4,000 bushels
wheat and -four. The market showed no
signs whatever of rallying, and closed at
20 5-sG3-4c for September, loss OF sc.
wheat. Chicago received vbgkqjetaoinu
Corn ruled heavy in sympathy with
wheat. Chicago received 1854 cars. At
lantic port cleararces were $4,000 bushels.
The visible supply increased $4,000 bushels
against 15l.O0O a year ago. September
opened unchanged at "a S-Sd1-2c. That
was the highest price Of the day and the
close was at the bottom, SO I-sc, a net
loss Of 5-Sc.
Stop-loss orders in oats caused decline
Of 1a1-Sc. The weakness Of wheat and
corn caused a stampede among September
longs. Cash demand was only fair. 10000
bushels being sold here for export. The
visible supply increased A.0lO bushels. Chi
cago received s63 cars. September opened
unchanged at q 5-Sc and declined steadily
to the close, which was at % 5-sc.
Provisions sympathized with the weak
ness in grain. Large receipts of hogs also
depressed the market. September pork
closed 1Oc lower at $4s7 1-2; September
lard SC lower at s5.17 1-2 and September
ribs sc lower at $3.50.
Estimated receipts for tomorrow: Wheat
1S9; corn 1.G50; oats as; hogs $500 head.
VISIBLE GRAIN SUPPLY.
New York July 5.-The statement OF
the visible supply Of grain in store and
afloat on July !, as compiled by the New
York produce exchange is as follows:
Wheat 33,lS2. 900. increase 4.5513,OO0 bushels;
corn 1sSsS, 900. increase $4,000; oats $751;
90. decrease 5000; rye 722 oOO, decrease
1900: barley $4,000. decrease $4,000 In
this statement wheat includes stocks az
New Orleans. Galveston, Fort William and
Port Arthur.
CORN BELTS CROP ESTIMATE.
Chicago, July 5.-The Corn Belt will to-
morrow print statistics Of the crop con-
ditions in Nebra SKA Iowa, Northern Kan
sas. Northern Missouri and Northeastern
Colorado. All crops are reported TO be In
the best possible condition, with the eX-
ception of winter wheat, which a small
majority OF the coo correspondents report
to be in a prosperous condition. They re-
port the wheat as good but the general
run is somewhat below fair"