The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-26
WHEAT ENDS HIGHER
On Shipping Sales and the
French Situation.
COARSE GRAINS DOWN
Likewise Provisions--Pr
of a Bumper Corn Crop.

Chicago. July 25-Big shipping sales
ana a reduction IN the estimated French
yield came 10 the aid Of the previously
weak wheat market today and Septem-
Der closed AG@sc over yesterday Corn
Closed 1zc lower an doats 1sc down. At
the close the provision market showed
PIC 70 15c decline.
September wheat started out Aq4c
over previous close, az 75a1zc 70 70 {,
sca1pers buying on a half-hearted hope
Of rally following the recent heavy de-
cline Their hopes were blasted in short
order, however, for there was no sup
port at that time. Gables were weak,
weather in the northwest favorable f5r
harvesting and outside people apparently
did not know there was sUcl a thing
as e wheat market IN this city The
market naturally began 10 decline and
as II went down stop-loss orders were
caught and the liquidation thus induced
the stump along. Liverpool said that
Argentine wheat was being offered cheap
and that the English talent expected
liberal arrivals from Russia Not till
September bumped up against 747sc-the
bottom Of tle present decline-did the
market receive much support Soon after
the cash part Of tde market began to a.
tract attention, cash people had sold De
tween 50o,oJO 70 700 coo bushels, most Of
It hard Kansas, and were covering IN
the pit. Shorts were further jolted by
a cable announcing a reduction in the
estimate of the French crop from 310,-
900, COO bushels TO go. eco, coo bushels. Trade
became active and September rallied
steadily TO 75Tsc and closed soon after
In -
over yesterday a. 7513G75ssc. New York
reported 81 loads taken for export AMI
OF the cash sales here 100000 bushels
were reported sold direct to the other
side Seaboard clearaucss in wheat and
-four were eQuS 70 10000 bushels Pri-
mary receipts aggregated $4,000 bush is,
compared with $4,000 last year Mime
apoI-s and Duluth reported 81 cars,
against Isl last week and 3S5 a year ago
Local receipts numbered $50 cars, "a Of
contract grade.
Fine growing weather over the largest
area ever planted. giving promise Of a
bumper crop, caused a further decline IN
corn, although weak Liverpool cables
were also an influence in this direction
Liquidation was renewed early and the
price fell off over cent. There was Still
d good cash demand, bull the smallrest
Of country offerings made II hard to ind
sellers, and this, together with the re-
action IN wheat, caused a partial rsc1v-
cry later. Trade was qui=t September
sold between 2sA and 371sc closing nc
under yesterday at 37%4c. Receipts were
2Ss cars.
Oats were quiet The market felt the
heaviuess in wheat and corn early, but
at no time was there such general de-
msnd 10 sell as had been experienced IN
the corn and VII at pits. Receipts were
IS cars September sold between 1913
and 2224c, closing &c under yesterday at
sc.
Provisions were dull and 1uctuated IN
der the guidance Of wheat and corn. The
shipping demand for product was fair
but the outside trade was Indifferent,
packers net buying. and hogs lower ar
the yards. The close, however. was
steady. September pork sold betw en-
s11.70 and 81 ~ and closed 15c under yes
terday at s1L7714. closing 2Isc down at
S.. .. and September ribs between IS ST.
and g .s2196.95, with the close sc lower
at $50
Estimated receipts tomorrow: Wheat.
$50 cars; corn, $50; oats. 100; hogs, . go
head.
GRAIN AND PRODUCE MARKETS.