The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-05-09
CABLES and WEATHER
Firm Wheat, July Closing
1-4a3-8 Cent Better.
OTHER MARKETS LOWER
Too Much Rain Southwest;
None Northwest.

Chicago, May s.-wheat, helped by
steady cables and unfsvorable weather,
was firm today, July closing 4 to sc
over yesterday. July corn closed 1zc and
July oats 4 to aac lower. Provisions at
the close were shade to Is cents de-
pressed.
Most Of the day wheat was a bit ad-
Vanced over yesterdays closing figures
The opening was firm because there was
more steadiness in cables ynan had been
expected and because there was heavy
rain in the southwest. where it is not
wanted, and none in the extreme north
west, where it is reported 10 be needed
There was a period of depression follow
! ing the opening, the corn weakness DE
ing the principal motive, but later the
market rallied. The rally was helped by
Bradstreets decrease in the worlds Wis
ible and by q fair cash demand. zone
hundred and fifty thousand bushels were
reported worked here. while New York
export engagements were put at Is loads
July wheat opened shade up at 671s0
67l<c, declined to 663zd57c, and later raj
lied to size, closing a to &c improved
at 672sG6713c. Primary receipts were 81
900 bushels, compared with $4,000 last
year. Minneapolis and Duluth reported
3O5 cars, against $50 last week and 1SS
a year ago. Local receipts were IS cars,
5 of contract grades. Atlantic port clear
ances in wheat and -four were equal to
80, coo bushels The complaints of eXces-
sive moisture were mostly from Kansas,
Oklahoma; Texas and Indiana.
The corn market was dull and heavy.
The opening showed a fractional decline
and Immediately after the market rail-
Feel IN hn 4
mand, but this was speedily overcome
by pressure of long stuff lind the mar
ket sagged. There was also short sell
ing and considerable amounts came out
on stoD-loss orders. The cash demand
was slow and there seemed to be little
support coming from the bull crowd.
Having dropped 7s to 1c, the market rail-
lied nearly 15c, but the close was heavy
July ranged from 1912 to 3S3sc and closed
NC down, at 39q391sc. Receipts here were
307 cars.
Oats were weak in sympathy with corn
and trade was rather dull. There was
selling of all sorts and generally the de-
mand was not equal to the load. When
corn steadied oats showed considerable
readiness to respond, as shorts were
quick to cover. Receipts here were 29+
cars. July sold between 231sc and 2212c
closing Il to &c lower, at 22s4q227zc.
Provisions were weak most Of the ses-
sion, but towards the end steadied on
buying by an influential packer. Hogs
were weak, cables discouraging and until
the aforementioned packer came into the
pit the demand was slack. July pork
ranged from S11.65 to s11.50, and closed
15c under yesterday at 81 571s; July lard
from S6.77I2 to $50 closing 2i2c down,
at 1918, and July ribs from $6.5S to 64212
with the close a shade depressed at
Sc. 521k
Estimated receipts tomorrow: Wheat
% cars; corn, $50; oats, 120; hogs, 5000
; head.
BRADSTREETS VISIBLE.
New York, May Especial telegraphic
and cable dispatches to Brandstreets IN
dictate the following changes In visible
supplies of grain last week:
Wheat-United States and Canada, east
Of the Rockies, decrease 3926.000 bush
els; afloat for and IN Europe. decrease
8. 800. 600: total decrease, 6, $50, 900 bushels
Corn-United States and Canada, east
of the Rockies, decrease 1891, ESQ.
Oats-United States and Canada, east
of the Rockies, decrease i, 1856 600.
Broomball cables that the monthly re-
plies to have been smaller than esti-
mated.
The aggregate stock of wheat held at
Portland, Oregon. and Tacoma and Seat
tie. Wash, increased 1900 bushels last
week.
GRAIN AND PRODUCE MAR&ErS.
CHICAGO