The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-07-06
Days GRAIN MARKET
8uIIiSh Element Reigned in
Corn Pit
CORN CLIMBED UPWARD
All Other Markets Closed
Higher

Chicago, July 5.-Continued hot weather
throughout the west and southwest Gre
ated a buIlish sentiment in the corn pit
today, and prices for both July and Sep
ember delivery gradually scared upward
until the close. at which tine the latter
option scld at AS CT nc higher than the
final figures OF wednesday. September
wheat closed &c higher, September Oats
were 12s d112c higher, and provisions rang
ed from - 10 21ac higher. Weak cables
and heavy domestic receipts were the
reasons for the easier feeling IN the
wheat market at the opening. Trading
was duh and within q narrow range, and
the pit was nearly deserted during the
entire day, the interest Of traders center
ing IN the coarse grains. Toward the
close the remarks bic deua nd for corn and
oats, and the material rise in prices OF
both had q strengthening effect, and
when added 70 reports Of rust in spring
wheat in consequence OF excessive moist
ure, the situation became quite strong
September opened z c lower, at sos I65c,
and the fluctuations were within &c range
the close being at 66 55zc- Argentine
shipments were 408. 90 bushels against I35.-
000 bushels last week and 2,1sg. 600 bushels
a year ago. Seab0ard clearalces OF wheat
ard -four were equal 70 1900 bushels and
primary receipts were $500 bushels,
against $500 bushels 3 year ago. Min
neapOlix and Duluth reported z5s cars,
compared with 245 q week ago and 10
cars last year. Local receipts were 81
cars, Is OF contract grade
Corn opened easier on rains in Kansas,
but the relief thus afforded the situation,
gave way later in the session 20 bullish
reports from the country, and the mar
ket strengthened. A. the low point longs
and shorts we're quite active OF the buy
ing side. which also helped TO start the
price inward. When buying orders be-
gan 70 come in from the country there
was a wild scramble among the shorts IN
an attempt to cover. September opened
at 8sls 70 4s1zc. and there was gradual
advance IN price until q was reached.
which occurred shortly before the close
Final figures were nc higher. AT 4 Sc
Local receipts we're 155 cars OF contract
grade
There was q large trade IN oats, with
the buying general and OF good charac-
ter The opening vas hrmer and the
early strength was more than maintained
Continued div weather and generally poor
outlook for the crop were the main bull
factors. Outsiders were the best buy
ers. September ranged between z1es and
PC. closing at the high point with
gain OF 1akdI1zc. Local receipts were
rs cars.
There vas a better local demand for
provisions. doubtless due 70 some eX-
tent BY the poor outlook for the corn
crop. The opening was easy. but strength
develored later in sympathy with the
coarse grains Outsiders led the buying
If lard and RIBS. butt local packers took
on considerable stock on the weak spots.
September pork sold between 80 y ana
$40 closing 21kc higher, az S1s-o5; lard
ranged between sS.421z and sS.5715q $50,
closing with gain Of PIC at &.5lls;
RIBS sold between s. Sz1s and s.. s517.s z,
closing TIC higher. at S7-s5-
Estimated receipts for tomorrow
Wheat. 10 cars; corn. 261 cars oats
1s5 cars; hogs, 1900 head
GRAIN AND PRODUCE MARKETS.
Chicago