The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-31
BY EXPORT DEMAND
Wheat Is Saved From Cables
and Northwest Weather.
JUST A LITTLE LOWER
Is experimentation Higher
Provisions Little Changed.

Chicago, July 3o.-An apparent revival
of the export demand for American
wheat pulled that market out of the
slough Of lower cables and fayqrable
northwest weather today, the>September
option closing but shade lower, though
selling at one time at deoline of sc,
Corn, was fairly strong on small country
acceptances, and closed NC higher. Oats
were weak on liquidation and declined
| CSC. Provisions showed but little clos
ing change
Wheat was, quite weak at the opening
and for some time after. Liverpool ca
bes showed a decided slump in prices
| in that market, while reports from the
| northwest told Of more favorable wealth
er. Though selling pressure was not
particularly heavy, it was sufficient 10
send prices to g. point &c below Satur-
days closing figures in the first half
hours trading. But here the decline
stopped. Shorts came into the market
TO cover at the low prices, and though
at times the market developed soft spots
yet on the whole steadiEeSs was shown
until the last hours trading, when the
market became strong. Some buying or
ders came in during the morning from
the seaboard They were accompanied
by reports Of an Improvement in he
export demand, and these reports later
became the predoninating influence in
the trading. Reports as 10 the total en-
gagements were conflicting, the figures
running from q to 60 lower, the latter
report creating a mild sensation among
traders and causing the market TO close
at best figures for the day. Trading was
quite active late in the session, shorts
- Ill
tempting to, buy back their lines. Sep
TENDER opened $sG5sc lower, a 745sQ7i7sc
1t declined to 74}sc and sold for some
time between that figure and 7434c, then
rallied to 75BQi514c, where it closed.
Northwestern receipts were $50 cars
compared with 1863 last week and 535 d
year ago. Chicago receipts were 2f9
cars, q OF contract grade. Total pri-
mary receipts were 1.31S,eo0 bushels, COM
pared with $4,000 bushels a year ago
Worlds shipments were moderate, 5.s01,-
000 bushels, but there was ans inerea Sc
ION passage of $4,000 bushels.
Corn traders were inclined to guide
their actions by the course of the wheat
market at first, and opening prices were
somewhat lower. But the market soon
rallied sharply under the influence Of
light country acceptances and a good
cash demand, and though not all of the
advance was held, the market was fairly
steady to the close. Local receipts were
S27 cars. September ranged from IS to
3S7sc and closed nc higher at 3SSsc
Oats were heavy all day. and consid-
cradle liquidation was done by country
traders. The elevator people also sold
literally, presumably against country &C.
ceptances. The weather was ideal for
thresh!ng operations and a material in
crease in stocks was looked for. Re
ceipts were 227 cars. September ranged
from ia to 2214c, and closed sc lower
at 2a7sc.
Provisions were dull and heavy most
of the morning, but before the close all
Of the declines had been recovered. The
weakness of wheat and lower hog prices
caused some liquidation early, but COW
ering took place later when the grain
markets developed more strength. A fea-
ture Of trading was strength of Septem-
Der ribs, which sold 71ac over Octob T
The cash demand was good, and this
and small local stocks were factors Sep
TENDER pork closed unchanged at S11 %:
September lard unchanged at 1915, and
September ribs sc higher. a S.
Estimated receipts Tuesday: Wheat,
S45 cars; corn, $50; oats, AS; hogs, $500
head.
VISIBLE GRAZ NSUPPLY.
New York, July 30.-The statement of
the visible supply of grain in store and
afoat on Saturday, July %, as compiled
by the New York Produce exchange. is
as follows: Wheat As $50 coo bushels. n
crease 23S000 bushels; corn II. G92 COO
bushels, decrease 1,S33,o00 bushels; oats
5,692.0oo bushels, decrease $4,000 bushels:
rye $4,000 bushels. decrease $1,000 bush
els; barley $4,000 bushels, increase A.
600 bushels.
GRAIN AND PRODUCE Markets.
CHICAGO
Chicago, July 30.-Tha leading futures
aS