The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-05-30
Days GRAIN MARKET
Wheat Opened Firm but
Closed Heavy.
LIVERPOOL Is ACTIVE
Corn Closed Higher and Oats
Steady.

| Chicago, May 29.-Higher Cables, con-
! tinued drought in the spring wheat dis
/ tricts. with reports OF damage by Hes
! sian fly, caused a firm wheat market
early today. though the gains were not
all maintained, owing largely to reports
/ late In the session Of rains IN the north
west. July wheat closed &c lower. July
corn &c higher. july oats unchanged and
provisions from unchanged to SC higher
The higher cables from Liverpool wheat
markets which had been closed for 4
holiday since Friday, were supplemented
by reports Of continued dry weather in
the west, southwest and northwest. and
these conditions, coupled with rumored
damage by fly, stimulated a strong de-
mand at the opening. The initial price
Of the July delivery Of wheat was a shade
to 1s0zc higher. at 74Q741sc. Under the
execution OF numerous outside orders the
market advanced steadily 70 $40. A
good part Of the trading was said to be
for the export account. Holders OF long
lines attracted by the opportunity TO
make profits began selling in large guam
titiesh and this, together with reports
Of heavy rains in the DakOtas, caused
a decline to 73%c. Some former sellers
then became buyers and rally to $3.50
14c followed, but this was only the fore
runner Of another decline resulting from
desire on the part of various traders
10 even up for over tomorrow's holiday.
The close was heavy. Eighteen loads Of
wheat were reported for export Sea-
board clearances Of wheat and -four were
equal TO 100000 bushels. Primary receipts
were S6S,000 bushels. Minneapolis and
Duluth reported 10 cars, against 202 last
week. 4 year ago was a holiday. Local
receipts were &C cars four OF contract
grade.
The corn market was firm and mod
erateiy active. July opened higher on i'm
proved cables. light receipts and a pros
pect Of a further reduction IN receipts.
The initial price for July was 4 10 &c
higher at AS to 441Ic. Under a good de-
mand, with light offerings, an advance
was speedily made to 44ssc, professionals
doing the most Of the trading. Later in
sympathy with wheat the market eased
off under realizing sales, selling down to
44A944ssc, after which on covering by
shorts It reacted to 442sQ441zc. The close
was firm and sc higher at 44ssc. Twenty
five loads were reported for export. Local
receipts were $50 cars, G. of contract
grade.
The oats market was steady, though
trade was not so active as yesterday.
There was a fairly good commission buy
ing for the outside and New York is said
TO have been a good customer OF the pit
The market seemed TO derive the most
of its support from shorts, however. July
sold between 2S1s and 2s$4c and closed IN
changed at 2S1k62S5sc. Local receipts
were 213 cars.
Provisions were firm in sympathy with
higher hogs. Trade was moderate July
pork sold between S14. 621s and S14. 70. and
closed sc higher at S14 671k; July lard be-
tween sS.171z and $. pas. 221h. and closed
sc higher at $50. July ribs opened be-
tween $7.S71s and $3.50, and closed I'M
at $3.50.
Estimated receipts tomorrow: Wheat,
s. cars; corn, 400; oats, rs cars; hogs,
80, 900 head.
GRAIN AND PRODUCE MARKETS.