The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-19
MEATS LbIE BREAK
Leaves September | 1-8 Cent
Under tuesdays Close.
C0RNS BREAK STARTS IT
That Cereal Loses a Cent on
Big Crop Talk.

| Chicago. July 1s-Wheat was frn for
hours today, but broke later with corn
and on lack Of support. September clos
ing 11sc under yesterday. Corn sluRped
on talk of a big crop and September
corn closed the session &C lower. Oats
closed &c down and provisions IN
changed to 10G12z2c higher.
Trade in wheat was only moderate and
the course OF rae market Irregular. The
opening was firm, September CSC over
the close yesterday, al ia TO 1859. IN
| this bulge were 70 be found a. infu-
ences higher cables from Liverpool.
small northwest receipts and unfav ora bic
reports from the Dakotas. on profit
taking, which net the initial bulge p
TENDER declined 10 U4sc, Then, in Al
erraie mood, The market rallied 10 777sc,
but dropped of with great rapidity from
that 10 Il7sc. Again the hard-h gdting
bulls forced the price back 10 7T5sGisc-
In this they were assisted by COVERINGS
py ping shorts FOR profits. 1T WIS
following this bulge that the severest
break Of the day occur ed and brought
the market 10 an ingiortous finish Pr
marty the break IN corn was an ndu-
. CAtC-- IL dA04t-OA 10 LIS SO4LAA 81
celpts were large and the outside sup
port a nerveless affair. The northwest,
while claiming irreparabIe damage for
the Dakotas and asserting that the rains
lad found little Of 4 crop left 10 help,
were sellers September tUrnoIe6 down
70 151sc and closed soon after in d weak
ened state, 11ac under yesterday, az 761s
Q76Lac. CIearanees at the seaboard N
wheat and -four were equal TO 20. coo
bushels. At primary points receipts
amounted 70 5000 bushels compared
with 1,000,000 bushels last year. Mime
apoIIs and Duluth reported Isl cars,
against 165 last week and 475 year
ago. Local receipts were rs cars. i Of
contract grade. New York reported %
loads taken for export.
Corn opened firm. but thereafter acted
like q market too worn from sickness
&c get well IN a hurry, At the sta
there was moderate buying in the small
country offerings and on the theory Of
some reaction being due after a severe
decline. The 2,0000c- bushels cash bEsI-
ness done the previous day was potent
consideration. Add 10 this s1me desul-
tory reports Of moderate demands TO the
crop before the rain struck il and It
gives the bull side. The market held wei
till about noon and then slumped Talk
OF big crop became more enthusiasts
and al last started more liquidation
which had its natural result. September
opened at 5S9s dS91gc, touched Acc, slump
ed from that TO 3S1ac and closed 1c lower
at SS12Q3S5ac. Receipts were SIS cars
Oats were dull, too lazy TO assert any
independence, and apparently wei con-
tented to follow where corn led. When
corn slumped oats breathed harder and
got red in the face trying 10 keep up the
pace, but nobody paid any particular at
tention TO II. September sold between
237sc and 2S9sc, closing sc under yester-
day al 23ssc. Receipts We're Sc cars.
Crop reports were favorable save from
the northwest, where there was loss fon
the drought.
owing 10 the fact that packers were buy
ers Of lard and ribs but rather negIectfuI
Of pok- September PORK sold between
sl1-S0 and 81 -67l2. and closed UNCHANGED
at s11.70; September lard between s6.5
S. I0I6. Z2212. and September ribs between
$6.171s and s6.6715. with the close 10 10 12la
cents I'D, at s6.7-14.
Estimated receipts tomorrow: Wheat
105 cars; corn 40; oats, 145 hogs, 25.GQ0
head
VISIBLE GRAIN SUPPLY.
New York. July 15.-The statement o.
the visible supply Of grain. in store and
ahoat, Saturday. July Il. as compiled
by the New York Produce Exchange. IS
as follows: Wheat, 46,0S1 go; decrease
5000; corn Is sos, Gee, increase 400 o00, cats
7.f44OCO, decrease 2O609; rye 5000. de-
crease 2s,ooo: barley $500 increase 1900.