The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-05-29
DAYS GRAIN MARKET.
July Wheat Closed IL a So
Higher
BULL ELEMENT RElGNED
Corn of Local Account; July
Oats Sold by Leading Traders

Chicago, May 2s.-For various reasons
the bull element held steady in the grain
markets today. One OF these was the
apprehension of the bears that it would
not be wise to sell too freely owing 70
the fact that the Liverpool cables which
have been silent for two days VIII re-
sumo tomorrow. Dry weather in spring
wheat sections. Hessian hy in winter
wheat parts Of the country. and export
enga gements too had bullish effect and
July wheat closed kGssc higher. July
corn closed &c improved. July oats IN
changed and provisions from shade
lower TO 5Q75zc higher. July wheat open
ed firm and unchanged TO &c higher at
1873 0731zc, with a fair demand, but light
offerings. Weather conditions caused an
immediate advance to 735sG73szc, but on
professional selling a reaction TO 1875
bic followed. Light receipts, good ex-
port sales and advices OF damage TO Eu-
ropean crops induced a stronger buying
movement, later, frightening the shorts
and the market advanced steadily to 1875
d74c, the highest point OF the day, at
which it closed firm and 1a6ssc higher.
The world 5 visible supply showed de-
crease of 4026.0 900 bushels. Forty-two
loads were reported for export. Sea
board clearancss of wheat and -four
were equal 10 785.000 bushels. Minneapolis
and Duluth reported 1873 cars, against IS
last week and ABS year ago. Local re-
ceipts were III cars, six OF contract grade.
Trade in the corn pit was confined al
most exclusively 10 the local account. A
covering movement was induced by the
marked improvement and by the wheat
strength. Despite large receipts the July
delivery opened from a shade TO Is cent
higher, at 1878 10 49, d4S7sc. Early there
was e sluggish tendency and the price
fell TO z31aQ43zsc. but reacted to &c.
Proft-taking caused a decline 70 $40
1876. where the market steadied and the
close was firm and &c higher at 40.
Local receipts were 1.0S2 cars. 80 Of con-
tract grade. May corn opened unchang-
ed, ar 421sc, sold between the opening
price and 431sc, and closed sc higher, at
43hc.
The oats market showed more life than
did either wheat or corn. and ruled Arm
on good demand. There was some
selling for outside account, but most Of
the trading was in the way OF prOfit-tak-
ing. The elevator people were good buy
ers- The feature Of the session was.
however, leading traders selling Of
July. This delivery opened unchanged at
2S1ed2Sszo, sold between 2Sss and $3.50
and closed steady and unchanged at 2S1z
42Sssc. Local receipts were $50 cars.
The provisions market ruled quiet, with
an easy tendency. Some hrmness was
shown early on small hog receipts and
packers took advantage OF this, selling
pork and ribs freely July pork sold be-
tween s14.55 and s14 62ls, and closed &C
higher. al 81 621z; July lard sold be-
tween sS-071sdS.10 and IS. 171k. and closed
5 TO TIC higher. at s. Is; and July ribs
between $7.S71z and 1872. closing a shade
lower, at $3.50.
Estimated receipts tomorrow: Wheat,
20 cars; corn 40 cars; oats, 80 cars: hogs.
81, 900 head.
GRAIN AND PRODUCE MARKETS.
Chicago
Chicago, Nav 2-The leading futures