The Wichita daily eagle., 1901-06-20
Days GRAIN MARKET
Good Weather and Lower
Cables Were Features.
WHEAT MARKET LOWER
Corn Market Active and 0ats
Firm.

Chicago, June 1s.-Weakness IN the for
eign market and fine crop prospects were
matched today by q strong export demand
for wheat and heavy rains which are said
to be working damage to harvesting in
the southwest. septmber wheat closed
shade lower. September corn &c high
er. September oats 1sc UP and provisions
from 25e to sc t. 1Oc lower
Fine growing weather and lower cables
were the features in the wheat situation
that appeared to make the most impress
sion on the local operators at the start,
and there was expected a general disposi-
tion TO sell, On covering OF a line of
shorts by q local operator the crowds fol-
lowed the lead, causing a fair upturn but
the advance was not well maintained.
Toward the close there was a good cash
export demand which gave encoura ge-
menI to the bulls. Rains IN southwest.
where harvesting Is in full swing caused
some timidity among the shorts. Septem-
Der opened &c lower at 6S7s fJ6S1zc and af-
ter going TO 6Sa69isc, closed shade lower
at 6SSc. Seaboard reported 15 boat loads
taken for export and cIeerances Of wheat
and -four were equal to 414s83 bushels.
Primary receipts we're 431,925 bushels
against 5756l7 q year ago. Minneapolis
and Duluth reported. 262 cars compared
With zS7 a week ago and 251 last year.
Local receipts were - cars, none Of con-
tract grade.
Business il the corn pit was moderate
~ active with buyers largely nthe ma
Jority during the greater part OF the day.
Country offerings continue very small and
this fact combined with light receipts was
responsible for the strength apparent dur
Ing most Of the session. September open
ed unchanged az 44ssG441kc and on fair
demand by local shorts the price advanc-
Cd TO 45e. At this figure moderate realiz-
ing set in and the market sagged toward
the close, final figures being &c higher
than yesterdays close at 445s744%c Sea-
board reported % boat loads taken for
export. Local receipts were 165 cars, only
two Of which we're Of contract grade.
Light receipts and more or less talk Of
possible manipulation of July had as
much TO do with the hTmness in oats as
anything. September was the strong
est feature and the greater part Of the
days business was done IN that delivery.
There was continued active buying by the
interests which supported the market yes
terday. September opened unchanged to
a shade higher at 65kGe265sc. The price
was bid up TO 26Zc by local longs, and
later by shorts, but afterwards receded
slightly, closing sc higher at 26ssc. Local
receipts were 126 cars.
Provisions were steady and the market
was quite dull with rather an easy un-
dertone. There was less demand for Sep
tember lard which resulted in a little set
back for the whole list. Outside longs
were disposed to take profits and local
packers were also moderate sellers. Sep
tember pork opened unchanged to SC low
er at $15.02lsd15071s, but weakened to
s14.9i3z at which point it closed at a loss
Of 10c. September lard opened PIC to SC
lower at SS.70QS. .771z, hrned up to $3.50. but
rea cted. closing 21z0to sc lower at $500
SITE. September ribs held fairly steady
during the session, opening shade lower
at 0S.l75h 10 $50, the high point Of the
day, closing 5171hc lower at S815.
Estimated tomorrow: Wheat 60 cars;
corn. 175 cars; oats, 40 cars; hogs, $1,000.