The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-04
HHEAI ENDS HIGHER
Dismal Reports From North
west and Chill.
HOT WEATHER IN KANSAS
Gives Corn a Boost--0ats and
Provisions Up.
HOT WEATHER I'M KANSAS

| Chicago, July 3.-The longs in wheat
over night had evidently absorbed some
hope during the night u hich was a2par-
ent when rhe market opened They had
In mind the fact that the market had
| declined lie from the TOP, and hence
might De ready for reaction The main
influence al first, however, was the IN
expected steadiness Of Liverpool in tina
face Of the SIC decline here yesterday.
The market showed only fractional
loss and during the first trading h-urs
regained some Of that. Il vas also re-
ported that Liverpool shipping BIDS we're
nearly on a parity with American prices.
August wheat on the board o. trade
opened l 10 13sc higher at 7e+S179i4c, and
shortly after sold TO 797sc. On profit
taking August reacted TO &c, with
proved to De the bottom price for the
day. There were more rains in the
northwest, better reports from that Sec
ton in the last three days precipita-
ton CT moisture. although heavy, had
come too late. Complaints that The
crops in North DAKOTA and Minnesota
was almost = total failure were numer-
GUS From Chill came the report that
rains had prevented sowing, rendering
a small crop next season inevitable This
sort OF news sent shorts covering. Their
buying, coupled with some outside de-
mand and support from influential local
bulls, caused a rally which carried Au-
gust to So141S0ssc. The bulge net tie
usual profit taking and the mat q
dropped from the top, 795sdS014c, but he
close was strong. August 11zQI5sc up 70
Ie5sqIs12c. Seaboard clearances in wheat
and flour were equal 10 $4,000 bushels.
Primary receipts aggregated 334,0o0 bush
els Minneapolis and Duluth reported
S6 cars, against 1S2 last week. Local
receipts were 148 cars, Of contract.
Corn gave an exhibition Of strength
and activity which was partly due 70
wheat, but principally TO its own oondi-
ton Hot weather in Kansas and Ne
braska and an excellent cash demand
were important links in bun speculation.
Liverpool was higher for futures BIT
depressed on spot Receipts were Isl
cars. The outside demand was excellent
and the covering Of shorts on a liberal
scale August sold between 421z and 49,
closing 1d1lsc 10, at 431sG431zc.
Oats were bit easy, following a firm
opening, but turned upward later in the
day, helped by corn and wheat. and
closed firm. There was considerab bic
liquidation by northwestern interests,
and this coused the depression early.
Receipts were 4ss cars. August sold be-
tween G7sq225sc, and closed Ac better,
at 239sc.
The provisions market was strong and
moderately active. Hog receipts were
light and considerably under the estf-
mate: the strength was q help and there
was less selling by western packers than
there has been recently, shipments Of
producers IN q hours preceding the ses-
sion were very large. Shorts were he
best buyers September pork sold be-
tween s13 and 80 90 and closed 15c over
yesterday, at 1890; September lard be-
tween s7.c1G6.90, closing TIC better, at
IS .9215, and September ribs between s72l
and $40, with the close TIC improved
at 7.10c
Estimated receipts tomorrow: Wheat.
S. cars; corn, $50 cars; oats, go cars;
hogs, "a 600 head