The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-14
MOVED BY WEATHER
improvement in Northwest
Conditions Reported.
WHEAT | 1-8a1-4 LOWER
Coarse Grains Decline But
Provisions Higher.

Chicago, July 13-Weather conditions in
huenced ali the grain markets today. Re
ports Of Improvement in the northwest
and the raising of the figures On the IS
timated yield were the principal factors
in decline OF l 1-3q1 lie in wheat
Corn closed 1-2q5-sc lower and cats 1-Sa
lac lower. Provisions were steady On
light receipts and good cash demand, and
closed 1-2G5c higher.
The opening tone Of wheat was rather
strong, eptember strating at an advance
Of 1-Sc to CSC, ,at 50 1-za3-4c This was
due entirely 10 pit trading. local spscu-
lators being Influenced by the fact that
foreign markets did not show an ade-
quate response to yesterdays decline here
and TO the seriousness of the Chinese sit
uation- The strength disappeared almost
Immediately. Reports from the northwest
told Of an improved condition of wheat
as a result Of rains and the cooler wealth
er prevailing and figures on the crop Civ
en- out today by the trade bulletin were
raised considerably. This quickly changed
the balance of trading in favor of the
bears. The northwest sold considerably
and the steady decline in the price finally
discouraged longs and resulted in consid-
with fore or less steadiness all DAY. To-
ward the close Of the session there was
slight Improvement in tone, caused
principally by covering by northwest trad
ers who had put out wheat early in the
week, and who had good profits in sight
The closing, however, was heavy, though
at little better than bottom prices.
September sold down to 79c, but recov-
cred to 79 $50 on the late buying. The
close was az 70 1878 Lie. Northwest
receipts were 142 cars, compared with 1872
last week and 4S3 a year ago. Chicag
receipts were 81 cars, Is of contract grade.
Total primary receipts were 509, 90 bush
els, against $4,000 bushels a year ago.
New York reported 20 loads taken for ex-
port Seaboard clearances were equal TO
215,00o bushels.
Corn was strong early, influenced by
reports of continued hot weather in Kan
sas and Nebraska and absence of rain
with decidedly pessimistic crop reports.
Opening prices showed a subs antial ad-
vance. and this fact induced enough
profit-tak.ng TO keep prices on the down
grade for the rest Of the session. Some
liquidation was induced by predictions OF
rain in the drought-stricken districts.
Country offerings were light. The sea
board reported sixty loads taken for ex-
port. Local receipts were 635 cars. Sep
TENDER ranged from 45G435s G43%c, ard
closed Y to 5sc lower at 437sc.
The oats market followed closely the
fluctuations of corn. Opening prices
were slightly higher. but the market
soon declined on selling by local trad
ers Influenced by the weakness of other
grains Traders who bought early in
the week on damage reports from the
west were conspicuous in the sci ing.
Receipts were Isl cars. September ranged
from 242s to 2f14c and closed 1sQ14c lowe
at 242sc.
Provisions, though rather dull showed
steadiness throughput the session. Hos
receipts were light and the cash dema !
for meats was good. and pric were
well sustained even when grain markets
were at their weakest. FIuctu tons
were unimportant. At the close Septem-
Der pork was 2i2 TO cents higher. at
s12. 6215; September lard cents higher at
s. .9212. and September ribs 212 cents
higher, at s..
Estimated receipts Saturday: VIII
70 cars; corn, $50; oats, 10; hogs, 15coo
head.