The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-08
WHEAT RATHER QUIT
SIumps on Additional Rains
Northwest.
AUGUST Is 1-4a-30 DOWN
Corn and Provisions Down.
Oats Higher.

Chicago, July 7-Wheat was rather
quiet today and sIunped on more rains
IN the northwest Although part Of the
decline was recovered, the close was
easy. August ka2sc down Corn closed
asG1zc lower, because rain was predicted
for Kansas, and oats &c higher. Pro
visions closed 2lzg5c TO lgaI1zc down.
When the wheat market started the
days business there was, among 9th
ers, the consideration Of more egoor rains
. in the northwest As TO whether these
rains would rescue the perishing crop IN
the portions of that section where spring
wheat is not already numbered with the
dead was q matter Of Controversy. The
opinion that the wetting would co some
good caused a qUarter-cent drop al the
opening which was at -9Z 70 7sssc for
August. Meanwhile Liverpool was rest
ing after a days work sd over the pre-
vious session, and later reports appear
ed showing q small batch Of receIuts
ar the big markets. The trade changed
its views for q moment after digssting
this information and August ambled 10
TO Spsc- That was as high as the mar
ket got The rains, together win soma
messages of a cheerful sort from the
spring wheat country, animated the trade
into selling Of various sorts and under
this pressure August sid of 70 IKE. An
English cable prcphesying smaller
world shipments would be shown in
Mondays report, together with a lighter
Southwestern movement as shown by
receipts, caused a reaction from the bot
tom to Ts7sc, but some Of this was lost
and the close was easy. August closing
+.d4sc under yesterday, at 79%c The
cash business was slow. CIearances At
the seaboard were equal In wheat and
-four to 521, 900 bushels. Primary receipt $
were 10000 bushels. compared with ss2-
0C0 bushels last year. Minnearots and
Duluth reported 13T cars: against CPS last
week and 3G6 q year ago. Local recei pts
Numbered At cars, > Of contract grade.
Corn sold of on the prediction Of rain
for Kansas and Nebraska where hot
weather and scorching winds have been
holding forth, affording the crop expert
an opportunity TO say bad things about
the hkel hood Of the crop sh wins uD
with the winners. The prognosticatfon
and the fact that some of~the bulls for
reasons Of their own. had stuff on sale.
caused a drop. The market rose q bit
from the bottom on some buying by
western interests and by locals who rail
attention 10 DANA &c Claims made by an
expert IN the field Trade was rathar
active. August sod between 44ss and
4312c, closing Ssd1Ac down al 49a4c Re
ceipts were All cars. Vessel room here
was engaged for 10000 bushels on q
basis OF cents freight to Buffalo.
Oats were steady. without any particU-
lar trade. The market generally was dis
posed TO follow corn. but. finished 2 little
better than did that market Traders
were favorable to the idaa Of keeping
off the short side till more is known o.
the extent Of the damage TO The crop.
August sold between 241zc and 237sc clos
ing lsc UP, at PC. Receipts were Isl
{ cars.
/ Provisions were duIl and easy and part
| " with thu cereals, but mostly on the
/ letting out OF long stuff. Hog receipts
were light and there was a fair, though
scattered demand through CON miss o-
houses. September pork sold between
S12.s5 and 81 621z. and closed 1c712tsc IN
der yesterday, at So. f5G12 81. Seuteu-
her lard between s. .e2i5 ard s}s5. clos
ing 81 70 SC lower at 1855 SIX. an
September ribs between 81. 1907 .9714 g I'd
s. sos .s-ta, With the close 5G71zc d.
pressed 1T IS
Estimated receipts Monday: Wheat
IS cars: corn. i25 cars; oats. 100 cars
hogs, $500 head