The Wichita daily eagle., 1901-06-14
Days GRA|N MARKET
Wheat Market Showed an
Improvement.
REPORT OF CROP DAMAGE
Corn and Oats Market Closed
Steady,
REPORT OF CROP DAMAGE

Chicago. June 13.-The wheat market
was helped out when It most needed It
today by reports Of crop damage by fly
in Illinois and Kansas, and by the large
number Of loads taken for export and the
July delivery closed steady and &c up.
July corn closed ssG1zc lower, July oats
sc down, and provisions from unchanged
20 10c under yesterdays final price. The
volume of trade was not large. With
liverpool cables rejecting the conditions
sXisting here yesterday and with q con
unuation of favorable weather today's
wheat market invited a decline. July
opened a shade 10 NQasc lower, at 701k9
1O1ac, with liberal offerings and slight de-
mands except Of the professional class.
Under a continuation of Liquidation the
price declined 10 6s&4c. the lowest Of the
day, and then came a reaction based on
reports of damage by fly and New York
reports Of q continuance Of the CONT
mental demand. July rallied to 7111isc.
at which il closed steady and nc higher.
September sold between 6Sfs G68Szc and
69ssc. and closed steady and 3sG5kc up, at
6S12q695sc Seventy-six loads were re-
ported taken for export; seaboard clear
ances Of wheat and -four were equal TO
729 600 bushels. Primary receipts were
$4,000 bushels, against SOS, 900 bushels a
year ago. Minneapolis and Duluth re-
ported $50 cars, against 81 last week and
4S8 a year ago. Local receipts were Sc
cars. p Of contract grade.
Advices that unexpectedly favorable
conditions existed in the corn belt and
the selling OF nearly 1Oo0,000 bushels by
the bull leader caused an early weakness
in the corn pit. The only bullish fea-
ture consisted Of moderate receipts anG
the small proportion Of contract corn they
contained. For a while II was apparent
that the holders Of lonc lines were anx-
ious TO sell without regard TO prices.
though later there was considerable buy
ing back at slightly improved prices on
local cash demand. The volume of trade
was moderate. July corn sold between
IN and z22sc and closed fairly steady and
ss41Ac lower, al 4lhG42c- Eighty-three
loads we're taken for export. Local re-
ceipts we're 255 cars, 18 OF contract grade.
Perfect weather conditions. coupled with
the weak corn market. helped 10 make
holders Of oats exceedingly nervous at
the opening and the only feature OF the
first half hour was a general desire to
realize. Elevator people were free sellers.
There was a partial recovery toward the
close on local demand. July sold between !
261s and 27+sc. and closed steady adm sac
down, at 271sc. Local receipts were 12o 1
cars.
Provisions were weak to begin with /
because of q decline al te yards Of /
cents in the price of hogs. and large re-
ceipts. The weakness in pork was main I
tained. but lard and ribs later became 4
firm on buying by packers. July pork I
ranged between S14. .7215 and s14. M, and /
closed Ice lower at S14.75. July lard sold .
from Ss.45 to S.525z08.55, closed 21R15c (
down, at $3.S5. July ribs sold between /
IS. o. and Ss.071k, closed unchanged at the [
latter figure.
Estimated receipts for tomorrow: /
80 cars; corn, 225 cars: oats, $50
cars; hogs, 26,000 head