The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-05-21
CORN RULED STRONG
Wheat Opened Lower but
Closed Unchanged.
PROVISIONS WERE UP
Oats Like Corn Was Strong
and Higher.

Chicago. May 2o.-Corn and oats ruled
strong today, each closing S-s91-2 higher
for July delivery but wheat lost its early
advance and closed unchanged Pro
visions closed at IL 10 10c up.
In response to the Liverpool market
which failed to follow SATURDAYS advance
on this side. July wheat opened Is lower
to unchanged at 2 II to Y SIS. During
the forenoon, however. the price raised TO
70 Il This was based chiefly on the pur-
chase OF approximately 100000 bushels
a single firm, although the statistics were
sufficient bunish to aid materially In en-
HANGING the values.
Traders who were short OF July in most
cases covered on the advance. At % IA
the advance was checked by the heavy
sales on IN influential operator. Shorts
BY this time were in a more secure POSI-
ton and this operator succeeded in IN
loading only a small portion Of his long
line. estimated AT 1000. 900 bushels at 70 or
better. He sold till the price reached
2 - and the napparen1y having dispos-
ed Of his burden. he stopped and the
market closed steady. JUN unchanged at
p SIS
May exhibited strength at times, but
the buying seemed 10 be side play for
the purpose OF helping July. From various
parts OF the spring wheat country came
came word OF the need Of rain. but Kan
sas prospects were said 70 be highly sat
isfactory. The domestic visible decreased
3.263. 900 bushels. Worlds shipment last
week were $50. 600; 10000 bushels under
the previous week. while the quantity
aost showed q decrease Of 1,OOs.eo bushels
The decrease in shipments was due TO a
falling Of in Russian exports. Sea.board
clearances in wheat and -four were equal
to $4,000 bushels, while primary receipts
aggregated 5000 bushels, compared with
45s coo bushels last year
Minneapolis and Duluth reported a total
Of 316 cars against So5 last week and $50
a year ago. Local receipts were 81 cars,
one Of contract grade
Corn held firm in the face OF very heavy
receipts because one firm bought a guam
tty estimated at 2,500o0 bushels Of July,
believed to be mostly for shorts May was
also IN demand boy shorts. who saw 1T
70 secure profits. and as there was not
much on the market at the price was well
held above Saturdays level July sold be
tween A Is and 45 Is and closed -sG1-2
higher at Il rs. May ranged between 45 II
az the opening and IS and closed at the
latter figure, Il IL over the previous
close. Receipts were go cars. 431 Of con
tract grade Trade was fairly active.
Oats were active and strong on demand
from country interests believed TO reflect
the backwardness Of the season This
class Of buying caused covering by local
people who were short and the result was
an advance IN price. July sold between
% lass and g and closed3-S az higher
at % s-4G7-S. offerings at the top we're
liberal, but not sufficient to appreciably
lessen the demand. Receipts were go
cars
Strength in lard was the feature n the
speculative trading IN provisions an sd-
vance OF Z -l2c in Nay delivery was
taken as an indication as an improved
cash demand. The market was also helped
by the corn strength July pork closed
: II higher at s12-s2 IL; July lard. 10c up
at $S17 ID and July MS 5Q7 1-2c in
proved az 1872 1-2Gss-o0.
Estimated receipts for tomorrow:
Wheat, IS cars; corn. sl5 cars; oats, 46o
cars; hogs, 200 head