The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-16
R|)SS|BHGR(|P DAMAGE
Sends September Wheat Up
| 7-8 Cents, to Is IL.
OTHER GRAINS ADVANCE
Provisions Advance With
Grain, Closing at Top.
OTHER GRAINS ADVANCE

Chicago, June 15.-An advance Of Use
was scored in wheat today. Russian crop
damage was the main feature Of the ad-
vance, driving shorts to cover, and caus-
ing the broadcast market in several days.
Corn advanced 1-2a5-Sc, oats 5-S@S-4c and
provisionss 21.2Q5c.
The first half hour Of the session in
the wheat pit was marked by a good deal
of apathy on the part Of traders, notwith-
standing the almost sensational character
Of the news affecting the Russian crop.
The opening in September ranged from
rs 7-Sc to II 1-sc, compared with yester-
days closing price Of rs So There was
no great buying demand at first, and for
nearly half an hour the price hung around
those fgurse. Then the market began
to broaden, and, once started, the buying
icreased until the demand was the
heaviest seen in the pit for several days
News regarding the condition Of the Rus
sian crop, for some time more or less Of
factor, dominated everything else in in
f1uence. Beerbohm's statement that the
wheat crop was an entire failure IN a
lareg area north Of the Black Sea was
confirmed from many different sources
during the day. private cablegrams be-
ing in some cases even more gloomy in
character. The first bulge carried Septern-
Der to II Csc. This was call price, and
selling against those privileges caused a
slight reaction. but before noon offerings
from this source were sw9mped by the
rush CT buying orders and the price con-
tinued to advance until September had
reached rs 128 This was l 7-Sc above
yesterdays final figure, and proved tempt
ing enough TO bring large quantities Of
wheat on the market, which served to
check the advance. Complaints Of too
much rain in the southwest were numer-
GUS. Northwest receipts were All cars,
against 119 a year ago. Chicago receipts
were 161 cars. The seaboard reported
about % loads taken for export. Atlantic
port clearances amounted 10 266,0e0 bush
els. New York reported bids for barley
to fill Russian contracts. The cash de-
mand here was rather slow.
September iuctuated between IS 3-Sc and
IS lie during the last half hours trad
ing and was bringing Is 1-2c at the close.
There was firm, active market in corn.
Trading was influenced partly by the
strength of wheat. There was a good
cash demand here and selling against
| country acceptance was light News of
the detruction of the barley crop in tx
province of Russia helped the advance.
Receipts were 500 cars. September
ranged from "a 3-Sc to So 1-Sc and closed
! 1-285-8c higher at Soc
! Oats were in active demand. and a good
advance was scored. The cash trade was
/ large one firm reporting 100000 bushels
sold for export in the last two weeks.
/ Receipts were 1873 cars. Shipping houses
were large buyers. September ranged
/ from q Is to &c and closed 5-SQ3-4c
higher at u 3-407-Sc.
! Provisions were only moderately act
/ i've = market opened firm and slightly
/ higher with the strong hog market Sell
| ing by packers caused slight reaction
{ but later the strength Of grain helped
/ provisions, and prices again advanced, the
market closing at about the top. At the
! close September pork was bringing SS45d
/ S47 1-2; September lard $500 and Sepcem-
! Der ribs s4.S5d4S7 IL.
| Estimated receipts for Friday: Wheat
l 125 cars: corn, $50 cars; cats, 100 cars
/ hogs, 5000 head.