The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-28
I'LL GOOD FOB VREbI
Batch of BuIIiSh News Adds
1884 Cent.
COARSE GRAINS HIGHER
Provisions Strong, at a Gain
of 50 Cents.

Chicago, July GA good cash demand,
higher cables and unfavorable crop and
threshing reports caused a rally in wheat
today, September closing 55Qs4c over yes
terday. Corn closed 7sG1c and oats 10
&c higher The provisions market was
strong. September pork closing Csc, Sep
TENDER lard 1Z12c and September ribs 100
121zc improved.
Two helping hands, one a good export
demand for American wheat, the other q
rise at Liverpool We're held out to wheat
when trade began today, and September,
grasping the opportunity, changed hands
SQ12c higher than the close yesterday at
1913 to 75lsc. An additional element Of
strength was that the Argentine ship
ments, 100000 bushels. according TO the
boards figures, were comparatively mod
crate. and another was that the Liver
pool advance was partially due 10 a
shrinkage of 9,600,O coo bushels in the es-
innate of the English crop. Following
the opening there was enough selling,
mostly by scalpers for profits. to send
September back to 75Rsc, but at no time
did the bulls show any fear of the mar
ket taking the downward course for any
length of time During the day there
were numerous reports Of unfavorable
crop conditions in the northwest and Of
exceedingly poor threshing returns One
Dakota man expressed wish to go on
record that the crop in his district would
not be 10 per cent of last years To
this bullish array Texas added her mite
by complaining of heavy damage from
rain. There was a good cash demand all
day and the situation was fur her help
C6 hV nf srFnH in
other cities. September gradually rose
on a moderately active demand to 1850
and closed strong, 5s624c over yesterday
at SS3sc. New York reported 81 loads Ia
ken for export, while seabOard Gear
ances IN wheat and -four were equal to
$4,000 bushels. Primary receipts aggre-
gated $4,000 bushels. compared with &C.,
0o0 bushels last year. Minneapolis and
Duluth reported 2S3 cars, against 255 last
week and SO a year ago. Local receipts
were 1s7 cars. 80 Of which graded con-
tract.
Corn was again quoted higher at Liver
pool and at a better improvement than
on any other recent occasion. The ship
ping demand was excellent and country
offerings exceedingly sp2all, so that hold
ers of spot cotton stiffened their price
as compared with futures and made It
difficult for brokers to fill their shipping
orders. The board of trade statistician
renewed his assertion of crop damage
This batch of Influences resulted in a
strong, though quiet, market Shipping
sales were put at $4,000 bushels, probably
half of it for export New York report
ed 6S loads taken for shipment to the
other side. Local receipts were 300 cars
September sold between 37% and 3S3:c,
closing 7sd1c over yesterday, at $3.50.
Trading in oats was somewhat limited,
but the tone after some dropping at
first, was strong. The price shrank frac-
tionally early on selling against fresh
new oats in the country, but later the
wheat and corn strength more than Off
set this. Receipts were 1875 cars Sep en-
Der sold between 225s and 237sc, closing
1dHc improved at 222aG227sc.
Smaller hog receipts and the grain
strength caused some liberal covering by
shorts in the provisi rs pit ana this.
combined with a good cash demand and
higher prices at the yards, caused
strong advancing market in hog pro-
ducts. September pork sold between
81 7215 and $11.95, and closed Csc over
yesterday, at $11.a5; September lard be-
tween St. 10 and $G.S060. ..S2ta. closing 121zc
higher. at ss.SOq6. S215, ard September
ribs between S6.S7tA and STOPS.
Estimated receipts tomorrow: Wheat,
IT'S cars; corn, $50; oats, 1S4; hogs, 1900