The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-07-26
Days GRAIN MARKET
Pits Ruled Fairly Active and
Easy Yesterday
MARKETS CLOSED LOWER
Rain in Corn Belt Brings the
Prices Down.
Markets CLOSED LOWEF

Chicago. July E.-The grain markets
ruled fairly active and easier today,
mainly because there had been q little
rain in Iowa and the northwest. Sep
tember wheat and corn closed each sc
lower, and oats sc down Provisions
closed 211c lower. When the wheat mar
ket opened traders bowed 70 the influence
OF last nights rains IN the northwest 70
easy cables and also TO the weakness Of
corn prices September sold from = TO
701zc, under pressure OF long STUFF FOL
loving this there was an almost instant
recovery 70 71szc OF reports OF rising tenn
peratureS IN the spring wheat country. Il
was feared that the heat would be par
ticularly damaged following the rains so
quickly The market IaItere6 FOR Z time
az this advance and then continued up
ward On reports OF rain delaying harvest
ing in France and a cable claiming that
the Russian crop was rapidly deteriorat-
ing. The strength ar this time being dis
played by corn vas cOnt1butCry factor
IN the nrmness. Later II the session the
corn reaction and decline in Northwest
ern markets became potent factors and
September declined and closed rather
weak. sc under yesterday, st l}sc. tx
board clearances in wheat and -four were
equal 70 Los3, o10 bushels. Primary re-
ceipts were go, GO bushels, compared with
So, go bushels last year. Minneapolis and
Duluth reported "a cars against 2l3 last
week and % a year ago. Local receipts
were "a cars, So OF contract grade.
That IL IS an extremely difficult matter
70 judge the weather reports received
from various sources was shown by the
s7E- h. Lq.lr-~ . ~
ginning OF the session private reports had
II that Iowa had received q fair drenching
and that there had been scattered show
ers IN other parts OF the corn belt. IN
der a rush OF selling orders September
opened from IS 70 55c, touched 56asc and
then rushed back 70 $3.50 in short order.
The official weather report showing only
light showers, came later. It's predictions
also offered nothing OF a hopeful nature
for the crop and traders faced about and
ran the market up TO 571sc. 4 report say
ing that rain within the week would
brighten the prospects Of - per cent Of
the crop had some weight in the decline
20 555sc, which came later. Selling by
longs 70 secure prodts-a thing they
would have done under almost any cir
cumstances-of course was against the
price al day. September closed sc lower,
az Sc Receipts we're 13S cars.
Oats averaged weak with corn during
a nervous and comparatively quiet ses-
sion. There was not the volume OF trade
that there was yesterday, longs selling
considerably less. Weakness took the
form OF q lack OF buyers. The bulk OF
trading was close 70 yesterdays close,
prices easing when business became dull
September sold between S674 ass C and sc,
and closed sc lower at 555sc- Receipts
were 10e cars.
Provisions were dull, the pit a. times be-
Ing almost deserted After huctuatinS
narrowly, prices closed PC lower; Sep
TENDER pork at S14.50; September lard at
s. 7edS- 7g1s. and September ribs at $50
Estimated receipts tomorrow: Wheat,
10 cars; corn. 145 cars; oats, 10 cars;
hogs, 240CG head