The Wichita daily eagle., 1901-06-26
Days GRAIN MARKET
Wheat Market Weak and
Closed Lower.
CORN CLOSED HIGHER
Oats Closed Higher and Pro-
visions Lower

Chicago, June @.-Lower cables and ex-
celIent crop prospects were again the
weakening factor in the wheat market
today. but -he decrease IN the visible
supply partially Offset the lower opening
and September delivery closed sc lower
September corn closed 14Gssc higher and
September cats ssc higher, and while
provisions closed to 1Oc lower.
Wheat opened lower on cables, together
with good crop reports. There was very
little trading. with offerings quite gen
eral. Bradstreets report Of decrease Of
100000 bushels in the world visible
supply was a Strengthening influence. and
prices rallied shortly after the opening.
which was at the low point of the day.
The general news. however, was bearish
tho splendid showing Of the new crop in
the southwest being a leading factor.
The first car Of new wheat arrived here
today from Oklahoma, and was perfect
IN quality and condition. September
opened 4 TO ssc lower, az e6 to CSC.
There was considerable commission house
selling around these figures A rally
brought about by shorts covering, the
price going to CSC. A slight reaction fol-
lowed, but the close was firm and &c
taken for export. Seaboard clearances Of
wheat and -four were equal to 354.3s9 bush
els. Primary receipts were s55.SzS. against
395, ,529 last year. Minneapolis and Duluth
reported 552 cars, compared with 313 cars
last week and 198 a year ago. Local re-
ceipts we're Y cars, one of contract grade.
Lower calbels impaired weakness to
corn at the opening and the continued
liquidation Of July holdings tended to in
"a 10 -fc T1anrfrfe 01F-
tinue small and the demand poor. Taken
altogether, the Influences both ways were
about nsutralized and the market had no
decided tendency. Reports Of damage by
the heat in the west vas considered by
some q bull feature. The September op-
ton sold between 44il and 443tQ447sc,
closing Il 70 &c higher, al 4sat d447sc Ac-
cordipg to Bradstreet's there was an in
crease in the visible supply OF 315,000 BUSH
els. seabosrd clearsnces We're +s91O1
bushels. Primary receipts were S59.546
bushels, compared with S56,170 a year ago.
Local receipts we're Isl cars, only FIVE OF
contract grade. Fifteen boat loads were
reported taken for export
The feature IN the oat pit today was
the narrowing Of the spread between the
July and September deliveries. At the
opening it was y TO 5sc. but at the close
July was &c above September. LiQuida-
tion Of July was largely responsible Phil
lips sold July to q considerable ex-
tent September ranged between 26il and
z67sc. closing with q gain OF &c at 2S34c.
Visible supply showed a decrease Of 461. 600
bushels. Clearances were 5000 bushels.
Local receipts were 192 cars
On small receipts Of hogs, provisions
opened higher, but quickly declined on
local selling. There was very little trad
ing and the market was featureless.
pork sold between $14-90 and
SIS 10, closing 10c lower, at S14. 927s; lard
ranged between s. III and $3.50, closing
GO lower, at $50. Ribs sold between
So. .171s and Ss.25, closing 21zc lower, at
IS. 20.
Estimated receipts for tomorrow:
Wheat, 85 cars: corn, 155 cars; oats, S5
cars: hogs. $4,000 head