The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-07
WHEAT ENDS HIGHER
On Corn Market and War
News From China.
DRY WEATHER ALLEGED
In Kansas and Nebraska, and
That Boosts Corn.

Chica go, July s.-Wheat, after period
Of weakness early, rallied under the Iead-
ership OF strong corn market and
report that Germany was chartering
transports TO take troops 10 China and
closed strong, August 1.Q5sc over yes
terday. Corn caught its bulhshness from
reports Of dry weather in Kansas and
parts OF Nebraska, August closing 1e11sc
higher. Oats closed sc up and proyis-
ions 5a121s TO 15c higher.
The wheat market opened with de-
gree OF sTeadin6ss, because Liverpool at
the outset failed 20 show as much de-
cline as had been expected. August, 10
set the ball rolling, sold at 7s1zG 1859 at
the opening, and shortly Afterwards al
tanned 79izd7e5sc. Then the bears took
hand IN the game. Argentine ship
ments were heavy, footing up 2,16S.o00
bushels, according 10 the board OF trade
figures, which were about haif a million
over Beerbohm's. Liverpool turned
weak, Minnea polls was bearisa and
there were more rains in the northwest.
August, on selling by persons who
VOTED Of these facts slumped off
during the forenoon to 7Sl4c.
New York reported e better export in
CURRY and fifty loads taken for foreign
shipment. Attention 70 the gravity Of
the situation In China was CT ected by
report that Germany was chartering
transports 10 take troops 10 the foWery
kingdom. IN these items shorts found
reason TO cover One man was reported
10 have taken In 100000 bushels. The
seaboard and foreigners were good buy
ers, and some Of the sales made earlier
were taken back. This coused a resc-
ton In August 70 s01ac and the close
soon after was strong, August 1zd9sc
up. at 7S7sdS0c. Seaboard clearanCes in
wheat and -four were equal to $4,000
bushels Primary receipts aggregate
1900 bushels, compared with 1890
bushels year ago. Minneapolis ard
Duluth reported 1G2 cars, against 1914 last
week and 424 the corresponding day
last year. Receipts here were f57 cars,
seven of contract grade. The Ohio crop
report reduced the condition for points
since June l. making II .. indicating Z
crop OF Z, 01o, go bushels, to be compared
with last years yizI5s Of a0ee0060 The
winter wheat movement Ngave indications
of Improvement. Stocks at Minneapolis
and Duluth combined were reduced &c.,
go bushels.
Corn was active most Of the time and
strong, save ar the beginning, when the
dip in wheat lead 1t from the straf gat
ana narrow pain WHICH leans upward.
At this stage of the game the baleful
influence Of wheat had an ally IN the
liberal receipts and the Ohio condition
Of 107 on an area OF 90 5J2 acres The
hot dry weather in Kansas was a con-
sideration on the other hand. Dana &c
was reported from this state and from
parts Of Nebraska The crop expert,
with his little microscope, was in the
field, and when he acts that way woe
be 70 the crop The bulls aIloWei the
market to dip. and shorts covered and
the market responded with a rush. Re
ceipts were 1861 cars. August sold be-
tween 43 and 441.e. closing 1d1isc better,
at 441sG441zc. Shipping business here was
put at S00e10 bushels. Country offerings
were very small
Oats were quiet and tcddled along after
the big markets. The market dipped
early with wheat and rallied later vi h
corn. August sold between 3 and 24lsc,
closing sc over yesterday, at 237sc. Re
cefpts 4S8 cars.
Provisions opened strong On light hogs
receipts and an advance a Liverpool,
but the advance slunped eff on the sell
ing Of a local line of ribs. Septem be-
pork sold between $500 and sl277l-. and
closed 12-a 20 15c under We =te~dar, ~
81. ~; September Hard between s1.Colk
and $3.50 closing sc lower at $50 and
September ribs s7.1215 and SEE. with the
close sc down, at S7.02tsdT.0. Estimated
receipts tomorrow: Wheat. 45 cars; corn.
go; oats, 1s5; hogs, 1900 head.