The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-06-17
BULL DEALERS
LIFTED CORN
Coarser Grains Closed One
Cent Higher.
WHEAT UP IN SYMPATHY
Provisions Rallied From a
Sharp Slump to 10 Higher.

Chicago. June 16.-Corn was the jack
screw to the speculative pits today. Bull
| manipulators got under the coarser grain,
ana, by lifting it, raised wheat slightly,
| IN spite OF general bearish conditions. At
the close July corn was Ic higher. July
wheat 3sGAc higher and July oats 14dssc
lower. Provisions rallied from a sharp
slump 10 close PIC lower TO l0c higher
CEN was momentarily weak at the
opening in sympathy with wheat, and on
the clearing weather and some arly short
selling. The trade was soon dominated,
however, by the idea that the big bull
party had not abatsd any of its previous
intention 10 boost prices. ). hen there was
a fair show toward recovery from the
opening depression there was movement
on the part of shorts in July that indi-
Gated that they thought it best TO suffer
now rather than later. An attempt 10
cove "a big line as the prices advanced
scared all the little fellows in the face
Of bearish statistics. July, which opened
as low as e3c. kept steadily advancing.
Around &c there was liberal unloading
Of longs. who had bought near 60c But
this stayed the upward movement but
slightly. The trade was in a position
where probable manipulation was more
important than anything else. This is OK
pected TO be the case for some time I'm
der these circumstances the pit exhibited
fair activity. July closed strong at its
high point lc up at 64ssc. Receipts were
35s cars. but contract stun was small
Exports from the seaboard were nothing,
against $4,000 bushels last year.
Wheat was relieved from dull monotony
by the action in corn. Early liquidation
on the clearing weather weakened this pit,
but trade hung fire and haggled idly for
some time. Cables were better, indicating
cold weather in France. Stocks were gen
orally buiiish. When corn began showing
it's strength wheat developed it's short
lived activity. There was almost no buy
ing business. and this prevented an other
wise probably sharp rally. AS it was there
was. little inclination TO sell short, and
July, after opening sake to 1sc there at
71s4c, and dipped 71asc, rallied TO a firm
close 1sQZc UP at nc. Very little cash
business was reported.
Receipts. 10 cars, contract Minneapo-
lis and Duluth reported 443 cars. total
for the 3 points of 462 cars, against 39S
last week and 40 a year ago. Primary
receipts were 600, 600 bushels, compared to
$50, 600 bushels last year. Seaboard clear
ances equaled 2S7 900 bushels. Worlds
were 10000 bushels. against
8, 4S0, 900 bushels last week. Breadstuffs in
passage decreased 3.05S. 600 bushels. The
visible supply decreased 2.5130O0 bushels.
Oats dull and featureless. The fair
weather prospects and the probability of
large crops Offset the steady cash demand.
Receipts. 146 cars. also had a slightly
bearish effect, being liberal. These in I
fuences, together with the opening
slumps in wheat and corn, caused a break |
in this pit and July new sold early at /
S9Ac The rally in corn brought a slight /
but July closed weak A3@sc (
lower at s91zGSsssc.
Trade in provisions was small and dull, /
although prices in pork fuctuated widely /
A run of 81, 900 head of hogs depressed the 4
hog market and Influenced free early IL 4
quidation in provisions. Packers soon /
came to the support and boosted prices !
sharply. There was some talk that the /
big fellows" were not entirely in har-
nony today. July pork sold at sl7.40 early /
and closed 1oc up at s17.621e; July lard !