The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-07-02
CORN SHOOTS Up
Grand Scramble to Buy 1t
EnSues.
WHEAT CLOSED LOWER
Oats Higher and Provisions
Lower.
WHEAT CLOSED LOWER

Chicago, July 1-Continued hot weather
throughout the southwest caused wild ex-
element in the corn pit today at the
opening, ard a grand scramble to buy
ensued. The opening figures on septem-
Der ranged between 4e1s and zsc, ssalz
to Erase higher than Saturdays close,
but later on reports Of rain in Kansas,
the market assumed a more rational tone
and the close was &c higher; September
wheat closed &c lower, oats were 58Hc
higher, while provisions were to 10c
lower.
Higher cables impaired strength TO
wheat today, but the early strength was
all lost. The special feature Of the
weakness was the heavy deliveries on
July contracts-a million and a half
bushels-and this was supplemented by
reports Of fne crop prospects. September
opened 4 TO sc higher at 66Ss 0657sc, and
after advancing to &C early IN the ses-
sion the price weakened, the low point
being reached at CSC. The close was 3 C
lower at 653lc. The visibly supply de-
creased 2,110,u00 bushels, and there was a
decrease on passage OF ,o00 bushels.
The worlds shipments were 6, 40 90 bush
week and 6.S04,o00 a year ego. Seaboard
reported Il boat loads taken for export,
while clearances Of wheat and -four were
equal TO $1,000 bushels. Primary re-
ceipts were $500, against $4,000 a year
ago. Minneapolis and Duluth reported
81 cars. against 40 cars last week and
So a year ago Local receipts were IS
cars, one Of contract.
The opening n corn was wildly ex-
7l,e,r- 49,
and 4Sc, Continuation OF the hot, scorch-
ing weather in tbs southwest was the
cause OF tho bulge. The trading was
largely on the basis Of one cent over Sat
urday's close. There was free liquidation
ct the advance. and later on reports Of
rain in Kansas, the market sold of. Sep
TENDER sold between ass and 4Sc, the
opening figures closing sc higher at s6iE
Gt63sc. There was an increase N the
amount or passage Of 952, 100 bushels. The
visible supply decreased 2.91S, COZ bushels.
Clearances were 72s 900 bushels. Deliver
les on July contracts were estimated at
two million bushels Primary receipts
were 3l4,000 bushels, against $685. 600 bush
els a year ago. Local receipts were 222
cars, with only four of contract grade.
Twenty-six cars were reported taken for
export
Oats were unchanged TO H6azc up at
tie |-ySV5 AFTER 4 u1g q DIX LELlll5 ana
a ~ather sensational Upturn IN prices
early. Weather conditions were respon-
sible for the strength, together with
good country buying. PrOdt-taking
caused the slump toward the close. Sep
TENDER ranged between 277z and CSC, clos
ing . TO &c higher at 27la 027ssc. Wis
ible increased 1900 bushels, and clear
ances were 245.000 bushels. Deliveries on
July contracts were million and a half
bushels. Local receipts were 16f cars.
Provisions opened dun and without any
features. Commission houses bought quite
freely early. Easier feeling developed on
heavy receipts Of hogs, together with
local selling, and the close was heavy
and lower. Deliveries on July contracts
were very light. September pork sold
between S14.7Ga and S14.S5. closing 10e
lower at $40. Lard ranged between
$. * and sS.75. closing &c lower, at
So 675a. Ribs ranged between SS.15QS .12jz
and s. Is; closing sc lower, at Sg.12lk.
Estimated receipts for tomorrow:
Wheat. 2 cars; corn. 300 cars; oats. Us
cars hogs, p, 901 head.