The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-02
GRAINS MADE
GOOD SHOWING
In Spite of Bearish influences
and Lower Cables.
HEALTHY REACTION SET IN
Business of Day in Chicago
Market Was Small.
HEALTHY REACTION SET IN

Chicago. Aug. LIN spite Of the bear
ish influence Of lower cables, rne weather
and generally good receipts except in
CORN all grains took a brace today.
Business was small and interest after the
marked strain during July was waning.
But healthy reaction from the recent
steady decline set in and prices in gen
ersl rallied well September wheat closed
sa1zc up; September corn 14c higher
and September oats &c advanced. Pro
visions closed 5Q711c higher 10 SC lower.
Business was best in corn. There wal
something of a falling OF in receipts
tquite in contrast with the other pits)
and as result there was a good prem
UNI for cash stuff over the near futures.
There was little covering by shorts.
but offerings were light all day and re-
stricted trading There was nothing
conspicuous TO business and IN the main
the crowd seemed to be resting after
the troublous times OF last month. Good
weather and promises or a bumper crop.
with corn selling in Kentucky 25c, had
no effect on prices. September opened
i to &c up at 55A 10 $40. advanced
sharply on commission house buying TO
5s15c and closed strong 1i4c up at 56ssc-
Receipts were "A cars.
Wheat was inclined toward weakness
only momentarily al the opening on
weak cables. large receipts and good
weather. Fair covering and local buy
ing. Influenced largely by the strength Of
coarse grains, started a good upturn froin
the long continued slumPs and prices
made good net gains. Trade was not
particularly active nor was it large for
offerings were not free at any time.
Crop sdvices were generally favorable
The export demand was Sow and bias
were generally out Of line. but IS car
loads we're reported worked at the sea
board. September started a 1sg1.c lower
to a shade up at 69As 10 esssc, advanced
to 7o7sc and closed firm ssd1zc up at
20. Local receipts were 2e5 cars, OF
contract grade. Minneapolis and Du-
luth reported PIG cars. making a total
for the three points Of 81. against 4o7
last week and AL a year ago. Primary
receipts were 10000 bushels compared
to $4,000 bushels last year Saeboard
clearances in wheat and -four equaued
4s6, go bushels. Argentine shipments were
3 .O0o bushels. against l25.Ooo bushels last
year.
Oats lapsed into dullness after the ex-
element Of yesterdays July finale The
cash demand for oats improved very
much. and Of the $4,000 bushels left
yesterday in the bull leaders hands over
10000 bushels were contracted for ship
ment today. This gave strength 10 the
futures, shorts covered on the early low
prices, and these influences, working
against fine weather. pushed up prices n
spite Of dulness. September advanced
from BIC 20 a firm close, lzc up at s2I4c.
Receipts were 100 cars.
Provisions were unsettled. There was
weakness early on a weak no gsituatioa
and later liquidation further depressed
the market. Some support by packers
turned early sellers to buyers and part
Of the loss was regained- September PORK
closed weak 71zc down at $500: Septen-
Der lard 5d71zc lower al Slo77ls. ana
September ribs nc lower at s1027is.
Estimated receipts for tomorrow:
Wheat. go; corn, So; oats. 10; hogs,
5000 head.