The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-06-23
DAYS GRAIN MARKET
Good Harvesting Weather Is
Big Feature.
WHEATMARKET DEPRESSED
Corn, Oats, and Provisions
Closed Higher

Chicago, June 22-Disappointing cables
with good harvesting weather in ,hs
southwest together with reports Of con
tinued excellent growing weather
| througout the west and nor.-west. had
q most depressing influence on. the wheat
market today and September closed at a
loss Of 1-sc. September corn closed 5-sa
&c higher while oats were I-4c higher
and provisions 5 to 1oc higher.
/ Every thing combined 10 Great q decid-
/ ed weakness in the wheat pit ana the
beginning was weak and lower. The
| pne crop prospects with lower cables. dis
couraged holders, and as a result consid-
eraoie long wheat came out but at de-
clines at from is 70 1-2c. Shorts at
tempted TO cover and take profits but
there was little for sale and prices raj
lied The advance was wei maintained
throughout the day, the market holding
steady. One Of the chief bull influences
was the strength IN corn. Eeptember
opened IA to 1-Sc lower at 65 lie TO 66 5-S.
Under free selling by commission houses
and locals the price dropped to 66 l-sc
around which figure shorts covered, ad-
Vancing the market to &c A steady feel
Ing prevailed around these figures and tn
close was l-Sc lower at sc &c: IS boat
loads were taken for export and sea-
board clearances of wheat and -four were
equal to 23l,5s4 bushels. Primary receipts
were ~, 407 against 6S4I53 q year ago
Minneapolis and Duluth reported S24 cars
compared with 347 last week and Al cars
year ago. Local receipts were g cars,
none contract
Weakness was noticeable in the corn pit
early due chiefly to the weakness in
wheat Offerings were heavy for
snort time and were quickly absorbed By
shor1sshorts. The prominent short who
was seller yesterday though IN the
neigaborhoed of a million bushels of corn
and thfs action was followed by general
covering by shorts which advanced the
price and gave a strong feeling to the
marEet- Smaller receipts and poo grad
ing together with reports Of damage by
heat to the gro wing crop in Kansas were
also strengthening factors September
ranged between - 81 and A $50, closing
with an advance OF 3-s6S-4c at A 5-Sc
Clearances were LIS, % bushels Primary
receipts were 302,75I bushels, compared
with e5s96S a year ago Twelve boat
loads were reported taken for export
Local receipts we're 1872 cars. seven OF
contract grace.
Oats opened weak with other cerals.
and there was sufficient liquidation to
prevent a corresponding advance. There
was no special feature 10 the trade early
both buying and selling being scattered.
September ranged between &c 1-sc and
g Sc. Toward the close a good run
OF buying developed Influenced by the
bulge in corn and September closed 1-4c
and 3-Sc higher az IS II and 26 5-Sc. Clear
ances were 10e.760 bushels. Local re-
ceipts were 149 cars.
There was very little In trest manifest
ed in provisions all eyes being appar-
emily in the grain market. The opening
was steady with some commission houses
buying Of lard. Light receipts of hogs
doubtless was the main strengthening
factor. September pork sold between
s14.So and s1492, closing with an advance f
OF II cents at $1A92 ID. Lard ranged I
between Ss.62 II and So. 15dS.77 IL, closing
with a gain OF Zoe at tS.75. Ribs between T.
Ssle6s.121 II, closing 6a7 I-2c higher at /
,SI7 II.
Estimated receipts for Monday Wheat (
IS cars; corn 16s cars; oats 152 cars; hogs .
g 900 head