The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-06-28
WHEAT again HIGHER
Closes So Cent Above
Tuesdays Closing
ON LiQUlDATIONS LET up
Growing Ease of the Money
Market a Surprise,

Chicago, June Z.-Wheat was active
and firm. closing 15xc over yesterday.
The recovery was due principally to
cessation OF liquidation A big cash bus
mess helped corn futures, July finishing
the session 15gc improved. Oats closed
shade higher and provisions strong. July
pork 52lzc, July lard 2211sc and July ribs
221kc better.
The liquidation which set in Monday
had not quite spent itself last night and
some fag ends of il tumoled into the
wheat pit ar the beginning Of business
today. This, together with some decline
in Liverpool cables, caused easinezs
early. July opened unchanged TO 14c up.
at S3GS2l4c ana quickly sold OF 10 Sf1sc.
AT this point the liquidation took the
form OF scattered selling. The demand
WIS excellent from the northwest and the
seaboa-.1 and sold-out bulls we're also
active in rsplenishing their stocks The
remainder Of the Session consequently
was strong Compared with recent ses-
sions trade was quiet. The rally was
gradual and the best price was not
reached till afternoon, when July perch
ed at S41zc. The bulge brought out profit
seeking stuff, and a dip TO S3lsc allowed,
but the market quickly recovered TO
S254c, and closed firm, July 15sc over yes
terday at S35sc- August wheat sold be-
tween S214 and sac, Closing 19sc Up At
547sc. Liverpool, following her opening
weakness. turned strong and was IN this
way Of some influence IN the recovery
hereI he crop situation was not mate
rally changed. according to private mes
sages- There were slight rains il the
northwest. They were factor in the
dip from $40 to s31sc, but the recovery
which followed this showed the preva-
lence Of the opinion that the northwest
crop is practically beyond hops. New
York reported % loads taken Tor ~
port and there was some export inquiry
here. Clearances AT the seabca-5 IN
wheat and -four were equal TO $1,000
bushels. Primary recei1ts were 439.C01
compared with $1,000 bushels last year.
Minneapolis and Duluth reported "a cas-,
against Al last week and AL a yesr
ago. Receipts here were 90 cars, o.
contract grade.
Corn did not share in the early weak
ness Of wheat, but readily responded TO
its later strength. The fear Of possible
damage to growing corn from excessive
heat Or some other cause was aggravar-
ed by reports Of extremely high temper
atures IN parts Of Kansas Oklahoma
and Missouri The loss OF the hay crop
IN the northwest and sn excellent snip
ping demand were likewise strong bull
factors. Receipts here were SO cars
Country acceptances were light ana Liv-
erpool was strong. July sold between
41Ssd4115c and 1890, closing 17sc up, at
42'ic
Oats were strong. opening al a decline.
but recovering it. Trade was rather
quiet and the other grains were the
chief influences. July sold between 2424
and 255se, closing a shade over yesterday
at 253sc. Receipts were 80 cars
Provisions We're strong and fairly ac-
tive, helped sor1s by the grain strength.
but chiefly by d good outside demand
July pork sold between $40 and ST.. 81
and closed 52tac over yesterday. at
$3.50; July lard between g. 80 and s. 021s
closing Z2izc better, at $7071z. and July
ribs between s7.e5 and 800. with the
close e2I4c improved a. $40 T-ade :
gradually shifting 70 the SeptemAer de-
livery and IA this option pork c, ose5 %
cents higher at $13.e2E; lard Doc letter.
at S7.17l2, and ribs zoe UP. az s7.Z7lz6
7.30
Estimated receipts tomorrow: Wheat.
les cars; corn. $50; oats, 30; hogs, 5o.o-0
head.