The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-07-10
RAINS CAUSE
HIGHER PRICES
Wheat Opened Active and
Strong Yesterday.
SEPTEMBER CORN IS UP
Provisions Ten Cents Lower
While Oats Show Advance.

Chicago. July g. Heavy rains Trough
IL The wheat bslt. where se-eraily fair
We. Re. rad been predietet. "a. the
chief tepae for higher sIoss CO the
board az trade today. tt = was an ac-
i've trade il wheat. and sep..a.h.r close,l
&c higher. September corn was &c
higher: oats we're l1sc higher, but pro-
visions closed from 5csto u Iowe;-
wheat opened active arr strong. pri' 6
being nearly cent a51ss yes.s'aay :
c,ose. Excessive ana ssaersI 'ains
throughout the country was the exciting
factor. There was a good comm 'ssiou
house buying for country account local
interests were buIlish and bought free
~, while shorts fell over themselves IN
an endeavor TO get 10 cover Bradstreet :
report that the worlds stock for the
week had decreased over 5000 0o bushels
was also q strengthening feature. Fears
OF q change in sentiment over night
should the weather be favorable. caused
some realizing toward the close Sep
TENDER opened 1zG5s to @4qzsc higher, az
75ssGz3ssc. and on active demand ad-
vanced 10 742sG1ac. but weakened later
on heavy realizing and closed sc higher.
at 7sssG4c. Clearances Of wheat ana
-four were equal TO As. 900 bushels. Pr
mary receipts we're 4s3. 90 bushels. against
40, go bushels 4 year ago. Local receipts
were . cars, with Of contract grade
Minneapolis and Duluth reported 25s cars,
making q total for the three points OF
25s cars, compared with PSI cars last
week and 265 a year ago.
Trade in July corn was practically at
a standstnI. shorts apparently sharing for
q better opening. and the bun crowd sim
ply awaiting developments. The opening
figure on July vas 1c below yesterdays
close, al sec. and although there was some
grain offered at sc, scarcely any was bid
in The close was at the opening figure.
Trade IN other months was not parIic-
ulariy large but a good demand existed
during the entire session. and prices
were higher on rains and smaller move
ments. September opened &sa13c 10 ssr
&C higher. at 611s 70 sI2c. advanced u
g. and closed with a gain OF re. al 6lizg
sc. Local receipts were TIC cars, with Is
Of contract grade.
Oats were excited with the new July
selling al Sic, or nearly SC higher than
yesterdays close, and the more distant
futures also advanced sharply. Heavy
rains in the west and southwest were re-
sponsibIe for the upward trend 10 the
markets. Shorts were much affected al
the unfavorable and covered freely. Sep
TENDER opened 5sd2c higher, at 54a1sc.
sold up 10 sc and closed strong and
lisc higher, at s412c. Local receipts were
IS cars.
There was a fair amount OF business
transacted in provisions. with offerings
more free than for some time past The
sale Of a big line Of pork and ribs for al
outsider caused weakness early in the
session, but covering by shorts gave sup
port 10 the market and the close wa-
steady. September pork opened 5G7tzc
lower, at 1sd1s.S5. and after rang
ing between SIS s71z and 1855. closed 10c
lower. at $3.50. September lard closed
7lzc lower, at slo.05. Ribs were soc lower.
at S10.72ls.
Estimated receipts tomorrow: Wheat
20 cars; corn. 10 cars; oats. IS cars; hogs.
80 009 head