The Wichita daily eagle., 1901-06-18
Days GRAIN MARKET
Wheat Developed Weakness
and Closed Lower.
PRICES FAIRLY STEADY
Corn Closed Down and Oats
improved.

Chicago, June E.-Tae wheat market
developed some weakness toward the end
Of today's session, though as a whole
prices were fairly steady. the July de-
livery closing &c lower. July corn closed
&c down, July oats h1Ac improved, and
provisions from 2 shade to T1zo lower.
The volume Of business was not large.
The improved tone OF the Liverpool ca
hles, coupled with q decrease in world s
shipments and quantity on passage, gave
the wheat market a good start today,
the July delivery opening unchanged 10
Ac lover. On covering By shorts, who
were moved 20 action by reports OF big
crop damage in continental Europe, there
vas an early advance to 701sc, at which
trading was mostly Of local nature,
though there was some buying for ex-
por<. Disappointment was felt by the
bulls over the small decrease in the vis-
ible and the long wheat accumulated on
the upturn was put out, breaking the
price TO $3.50. Some considerable pur-
chases by the elevator people caused a re-
action TO 70i4c, at which the market
closed &c lower and fairly steady. The
visible supply decreased 162, 600 bushels,
against 1.640,O00 bushels the week be-
fore and 231, 900 bushels a year ago.
Worlds shipments Of wheat and -four
quantity on ocean passage decreased l.
$4,000 bushels. -Four loads were report
ed taken for export Primary receipts
we're 682,G0 bushels, against 81. 900 BUSH
els a year ago. Seaboard clearances of
wheat and -four we're equal to as 900
bushels. Minneapolis and Duluth report
ed 396 cars, against SCI last week and
6z9 a year ago. Local receipts were a
cars, six OF contract grade.
bic appreciation in corn Saturday was on
hand at the beginning OF business today.
and despite reports Of q continuation of
excellent weather II the corn belt the
July option opened firm, selling between
42M and Sic, and closing steady at &c
down, at 1870. The frnness at the in
itial GALES was Of brief duration, owing
to selling orders from the west and a
ready acceptance Of bids sent out two
days ago, and the decline absorbed all
the profit and added a loss Of about y
per cent, but there was a reaction. a
rally toward the close was the result Of
the exhaustion OF offerings and the return
to the buying side Of the elevator people
who ran the price up last week. Local
receipts we're 2d cars, 15 Of contract
grade Pive loads were reported taken
for export,
The oats market was more active than
any OLher. 1nere was dig volume OF
trade early IN the day, and the demand
came principally from shorts. July oats
sold between 271z and 2S1k and closed 1154
improved, at 2Sssc. Local receipts were
164 cars.
The provision market was dull and bare
Of speculative interest. The tone was
dull on large run of hogs. with lower
prices. July pork sold between Sl4. 621s
and $40, closing nc lower, at S14. 6254.
July lard ranged from $3.50 to S. .521k a. So,
at which latter price 1t closed a shade
lower. July ribs sold between S. .05QS. GA
and $50, closing 215o down.
Estimated receipts tomorrow: Wheat.
120 cars; corn, 255 cars; oats, 210 cars;
hogs, 600 head.
GRAIN AND PRODUCE MARKETS.