The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-20
HBEAT EARLY SLUMP
Recovered on News From the
Northwest.
CORN MARKET Is FIRM
On Cash Demand-0ats Un-
changed; Provisions Down.

Chicago, July 1s.-Numerous danials Of
improvement in the northwest were in
fiuential in rescuing wheat from its early
slump today, September closing Is to 1c
over yesterday Corn was firm on an
excellent cash demand, closing sc high
er Oats closed unchanged and provis-
ions 215 to sc lower.
Wheat opened weak under combina-
ton of lower foreign markets and reit-
Grafton by the Price Current of it's OPP
timistic estimate Of the seasons wheat
production. Paris and Liverpool were
red that the surplus this year would ex-
coed the exports Of any year. While
considering these propositions, thcre
were many traders inclined to play for
a reaction on general principles. Sep
, TENDER opened Is to &c to IS TO &c lower
at IS to 751ac. Thereafter the market
showed strength, which gradually in
creased as the session progressed. In
this the main factor was to be found in
numerous reports denying recent asser-
tons that the northwest crop had been
vastly improved by rains. These gener-
ally put the yield of the Dakotas and
Minnesota at 100,000,030 bushels. New
York bought There was a fair commits
sion house demand and purchasing by
ScalperS. Shorts covered when they saw
the way things were going, and as re-
suit September steadily rose and closed
at the top, Is to 1c over yesterday, at
TIC. Primary receipts were 66l,00) bush
els, compared with 900 bushels the
like day last year. Minneapolis and Du-
luth reported 2S4 cars against 15S last
week and 800 a year ago. Receipts here
were 113 cars, )27 of contract grade. New
York reported IS loads taken for export
Clearances at the sea board in wheat and
flour were equal to 403,00 bushels.
Corn was active, and after the early
depression and flightiness, strong, under
the firmness Of the cash situation. The
market opened weak under the London
leadership of the wheat dip and discour-
aging cables coupled with excellent
weather in the west. Country offerings
were small and some western interests
covered cash sales. Cash people showed
confidence in their position by demand ng
&c, or even fractionally more, for corn
in store, and at that the business done
amounted to half a million bushels. Sep
TENDER sold between 3715 and S9c, closing
&c over yesterday at 3S7s 039c. Receipts
were Ais cars. New York reported 81
, loads taken for export.
The oats market as usual attached It
self to corn and in a quiet way fol-
lowed the bigger market throughout the
session. The northwest was the best
buyer, and the shipping demand was
good. September sold between 23c and
1890, and closed unchanged from yes
terday, at 2S2sc. Receipts were 10 cars
The trade in provisions was narrow,
but the tone was steady on a fair,
though scattered demand for cash. Sep
TENDER pork sold between $11.6212 and
1.6719, and closed &c lower, at $11 Go;
September lard between $3.50 and Sc. 20,
closing 2l3d5c down, at 6.6712, and Sep
TENDER ribs between Sc. 70 and 1918, with
the close &c down, at s6.721a.
Estimated receipts tomorrow: Wheat,
lbs cars; corn, 425, cars; oas, 100 cars;
hogs, 1900 had.