The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-05-16
GRAIN TRADE
QUOTED DULL
DrowsineSs and Lack of Amir
nation Affect Prices.
EVERYTHING WENT DOWN
Wheat IA, Corn So, Oats ~
and Provisions II IL Off.

Chicago, May 15.-Grain trade was a dun
and drowsy affair today. In the absence
OF any business Ike animation and with
reports Of good weather Tor all crops
lower prices resulted. July wheat closed
&c lower. July corn Sc down and July
oats ssGizc liver. Provisions closed sc TO
l71zc depressed.
Wheat ruled easier after q slight ini-
tial bulge that was occasioned by drm ca
bles. Some early buying was done by a
few commission houses and for the arst
hour a firm tone was manifest. July open
cd 14q9sc 10 lsGl4c higher at 757sc TO sac
bu trade was light and unimportant and
a few big longs offered stun on the hard
spots. Weather reports showed rains
where most needed and clear weather
northwest where farmers have been wait
ing Tor the spring seeding. Harvesting
was reported in Texas Statistical jour
nails issued bearish reports which diScred-
tied the value Of the recent government
estimates. The outsider was out OF the
market and reports from St Louis show
ed declines there that indicated free move
ment. There WAS some pressure from
the southwest and the northwest July
sagged of 10 75'sc. Corn strength that
had been helping wheat seemed 10 be eb-
bling away and it was only a fair export
business that saved the close from mark
ed weakness. Late the seaboard report
ed q loads taken and July closed easy.
&c lower at 75i4G75ssc. Receipts Il cars.
one contract; Minneapolis and Duluth re-
ported Us cars. a total for the three
poins Of 125 cars against l24 last week and
247 a year ago Primary receipts were
l73.O00 bushels compared 10 5l500o last
year The seaboard clearances equaled
Al. 900 bushels.
Corn was poorly supported and suffered
accordingly. At the start firner cables
started a little buying and July opened
&c TO sc up ar 63lac TO 6Sssc. Trade in
general was as dun as IN wheat and
though there was a strong situation 70
hold prices up, the trading was so much
of a local character and so uninteresting
that declines soon followed. Crop advices
from many section were favorable.
though there We're reports from some
quarters Of damage by cutworms- After
several Of the big houses had sold some
What freely and July had receded 70 629sc
the market dragged dull and heavy. July
closed weak. sc lower at e2ssc. Receipts
IS cars. The seaboard reported four loads
for export.
oats suffered a little in the general de-
cline. Trade was light. the early firm
ness that came from sympathy with he
strength in other grains was soon dissi-
pated trough an absence Of support and
on some fair offerings. The cash situation
was reported still good with sales Of 10000
bushels. July sold from 57lsc down TO a
weak close, ssG1zc lower at S6lzc. Receipts
los cars.
Provisions were heavy md weaker the
greater part Of the session Early hquida
ton was induced by weakness Of the hog
market and prices opened lower Packers
gave some support that brought a good
reaction. but free offerings turned the
sentiment and the close was weak July
closed TIC down at 81 42is: July lard.
TIC lower at sI0S5al.s7iz and July ribs
sc lower at g. 72izds.75.
Estimated receipts tomorrow; Wheat
Is cars: corn. 60 cars: cats, ls5 cars; hogs
e. 900 head