The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-05-05
DAYS GRAIN MARKET
Prices Ranged at a Lower
Level Yesterday.
WHEAT CLOSED LOWER
Corn and Oats Also Show q
Decline.

Chicago. May s--Quiet prevailed in the
pits on change today. prices ranging
at lower level mostly or general con
ditions. July wheat closed s-sc. July
corn SIC. Nay corn 2 I-2c. and July oats
1-sc lower. Provisions at the close were
2 shade 70 &c down
Wheat prices assumed a weaker posi-
ton at the start and the remainder OF
the session chung 10 il. as the degrees
OF sentiment were not sufficiently pro-
nounced TO lead 10 active trading. July
opened 3-S11-2c 10 1-205-sc lower at = 81
10 3 use. sold between p 1-2d5-sc and
2 7-sc and closed $50 lower AT 2 3-4G7-2c
At the start local bears ard longs sold
literally bu the short interest was tim
ID one bearing IN mind the readiness with
which the market has recently responded
TO encouragement With the bears in
this mood, the longs having no tempting
profits in sight, the trade evened up their
deals in order to rest over Sunday with
undisturoed minds and then left the
market to take care Of itself The drop
in prices was due TO weak cables. glow
ing crop reports, lack of outside inter
est in the market and 20 sympathize with
the corn decline. A prediction Of show
ers for tomorrow was a contributory fac
tor. The Missouri condition vas report
ed 70 be 90 or 1 point better than it was
shown by the April report, while advices
from the German crop had been practi-
cally wiped out were received by mail.
Seaboard clearances in wheat and -four
were equal TO $500 bushels while pri-
mary receipts We're 81 GO bushels COM
pared with 333, coo bushels last year. Min
neapolls and Duluth reported 2A cars
against 253 last week and SIS year ago.
Local receipts were g cars. none of con-
tract grade.
July corn received q severe pounding
while the May deal was neglected gen
orally. II the way OF legitimate news.
weak cables were influential. but the
main factor IN the decline of July was
heavy selling by the man who has cor
nered Nay corn. He said the market
needed a break and accordingly disposed
of 100000 bushels of July. In view OF
rhis and other selling the decline was
very moderate The opening was &c 81
to 50 1-2c. The prices was hammered
down 10 46c, where the pressure was
greatly reduced and the close was steady.
SIC lower at IS 5-Sc- Following the
pressure was greatly reduced the close
steady, BIC lower at IS 3-Sc. the opening
squirt the trade was duh May corn
opened at 50 SIC TO 50 lie on selling Of
only 5000 bushels by a scalping long.
Phillips bid the market Up TO a Lee and
then left it TO itself. having gotten moth
ing FOR his pains The close was ? l-2c
down at Sc. Receipts ~ cars, 20 OF
contract grade
Oats we're fairly active and firm. July
was sold literally but fell into strong
hands. Prices ranged between IS 7-Sc
and % lie and closed 1-sc lower at IS 3-4c.
Receipts were 229 cars.
Provisions were affected BY the liberal
run Of hogs and the drop in prices for
them az the stock yards. Trade was dull
and unimportant- July pork sold be-
tween $500 and s14s0 and closed I5c
lower at 1880: july lard closed a shade
lower at $50 I-2G7s5 and July ribs lie
depressed at $50.
Estimated receipts Monday: Wheat a
cars; corn $50; oats DO; hogs. 5000.