The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-05-08
HHEAI MARKET D|HN
Prices Pressed Hard by the
Weather News Yesterday.
JULY CLOSED / 3-0 LOWER
Corn Was Down | l-4c; Oats,
$780, Provisions Unchanged.
JULY CLOSED | 3-8 LOWER

Chicago. Nay 7.-Grain spectators
traded on the weather map again today
and pressed prices hard al around. July
wheat closed Issc lower: July corn lie
down and july cats sc lower. Provisions
closed unchanged 10 sc higher.
. There was a fair show OF strength TO
wheat at thu outset on the influence Of
yesterdays cash business and more rain
last night in the overwet northwest
Traders changed their stand. however.
on late reports Of seasonabIe weather.
The weather map showed clear weather
southwest and what was still more I'M
portant an end OF wet weather in the
northwestern spring country for the pres
ent. Both these localities sent in lib
erai selling orders on the weather news
and their own markets were weaker.
This caused local spectators 70 lose
sight OF bUllshly small receipts kan
sas crop damage. reports fairly firm
cables Longs deserted their holdings
and threw stun overheard. but inaSmuch
as many shorts covered their accounts
yesterday. buyers were scarce. except al
good declines When the bears under
stood this position. they began 10 ham
mer the pit stinly and prices broke rap
idly Trade generally was not yery
heavy and the market showed q dragging
disposition most of the time. July opened
SAKE 10 a shade Up at 7514 u75ss . &c.
dropped 70 a. and closed weak at isG1sc
lower at 7SisGl4c. a good export ana
cash business had little effect on the mar.
ket. The local receipts were " cars, ,
Of contract grade. Minneapolis and DU-
luth reported 1eS cars making a total for
rs.
last week and 2-J a year age Primary
receipts We're 2oiooa bushels compared 70
40 0o0 bushels last year Seahoard clear
ances in wheat and -four equalsd ~ DO
bushels. Chicago sold twenty loads for
export
Corn started with good show Of
strength on firm cables and a fair cash
situation. The leading bull crowd also
was buying some July and selling Sep
tembeF. The strength. however. was short
lived for when wheat broke the bulls
began 10 consider the favorable crop re-
ports and reduced their support. Bears
jumped into the market and sold .shor
and broke prices over a cent. Trade wa.
not large and the greater part Of IL ses-
sion the market dragged. July bull
manipulatioEs was stiu talked OF but in
asmuch as the supposed manipulstors
did not hold prices up many lost faith in
down 10 6oSsc and closed weak 1l4c lower
at 6o7sc. Receipts We're % cars.
oats were dull and suffered from the
depression in corn and wheat. Crop adj
vices was little favorable and the casa
situation still good. There was little sup
port on tbs decline ana July sold from
S5Ts 10 a. weak close sc down at 55Ssc
Receipts were Isl cars
Provisions were duh and fuctuated mar
rowly. The weak hog situation at the
yards Offset the general disposition T.
buy when the market opened. Ribs and
lard We're in good demand. especially By
packers brokers. The weakening grain
market also worked against the advance
and IN the early session gains were not
held wen. July pork closed unchanged al
Si6s5: July lard a shade higher az Sie.1o.
and July ribs Sc up at Ss.52t5. Estimated
receipts Tor tomorrow; Wheat - cars.
corn. 1e5 cars; oats. 40 cars; hogs. Is
90 head