The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-05-24
WHEAT GIFTS STRENGTH
Out of Higher Cables and
Poor Rains Northwest.
JULY 1-2a5-8 CENT UP
Coarse Grains and Provisions
All Better.

| Chicago, May 23.--Wheat was strong
today, helped by higher cables and the
poor rains in the northwest, July closing
1agSsc over yesterday. July corn closed
A@7sc higher and July oats &c improved
Provisions at the close was to IA cents
up.
The Capitalization rain had fallen
in the northwest, it was reported when
traders climbed into the pit But in the
face of this news and the report that
there were % loads of the English coast
July opened only 1sG14c down. at $3.50
661zc, and straightway proceeded to re-
cover with a vengeance. For the rally
there were reasons: Liverpool was firm /;
Paris, in practical confirmation Of re-
newed complaints Of backward crops in
France and Russia, was up equal to
112c; the Hessia fly was said to be max
ing steady progress with its destructive
work over the greater part of the win
ter wheat area, and while Oklahoma and
Kansas gave promise Of heavy crops. In
diana, Illinois, Michigan. Missouri, Ohio,
Kentucky and Tennessee. according to
today's view of the situation, could but
show up with lamentably deficient crops.
Added to these bullish considerations
twere later dispatches showing that last
nights rains were light and of a show
cry order and the weather predictions
were Of fair skies. Foreigners and the
northwest were buyers here and the cash
demand was generally reported better
July what rallied from first figures TO
6714c and closed strong, 1zG5sc over yes
terday, at 671sQ67Ac. Trade much Of the
time was rather quiet, but near the
close the pit was animated shorts lead
ing in the buying, probably influenced
somewhat by the strength deve oped by
corn. Atlantic port clearances in wheat
and -four were equal to $4,000 bushels.
Primary receipts were $4,000 bushels,
compared with $4,000 bushels last year
Minneapolis and Duluth reported M3
cars, against 175 last week and Ala
year ago. Local receipts were 81 cars,
one Of contract grade. New York re-
ported q loads taken for export
The corn market was benefited by
heavy shipping business, and scored
sharp advance. The weather was favor
able, but this was offset by firm cables,
light receipts and small country Offer
inss. Trade was quiet the fore-part OF
the session, but active near the end
shorts seeing fit to cover because Of the
decided strength. The cash demand was
good but this business was curtailed by
a scarcity OF boats. Receipts here were
4U5 cars. July opened snade hlSner at
367sG37c, sold to S794G377sc and closed
q GD1sc up at 374sQ372lc.
The oats market was steered by corn
and in consequence closed firm. The
shipping demand was improved and
there was more or less covering by
shorts. July sold between 21% and &c
closing &c up at PC. Receipts here were
l6s cars Trade was very dull.
Provisions were rather heavy early be-
cause hog receipts were liberal and the
market at the yards weak, but steadied
later in sympathy with wheat and corn.
July pork closed nc higher at s11 47lb;
July lard 5671ac betetr at Sc. % and July
ribs 5G71gc improved at S6.571A.
Estimated receipts tomorrow: Wheat, (
IS cars; corn, 10; oats, 225; hogs. 5000 /
head.
GRAIN AND PRODUCE MARKETS.