The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-06-29
WET WEATHER
HELPS GRAIN
All Cereals Make a Very
Handsome Upturn.
BY PARIS
Fair Export Demand Developed
in Market.

Chicago, June z5.-Wet weather again
caused fair upturns in grains today. but
the absence of any liebral outside busi-
ness and cleaning UP trades over Sunday
restricted gains TO some extent. Septem-
Der wheat closed &c higher, July corn 1c
higher. September corn asG1zc up. July
oats 1G1Bc higher and September oats
ssc higher. Provisions closed unchanged
to PIC higher.
September wheat opened &c to sc high
er at 72asc TO PIC and sold TO 72Ssc early.
Throughout the southwest copious rains
have fallen again 10 damage the har-
vests. Paris quotations were as much as
1Ac higher, Influenced by unfavorable
weather There was little early commits
sion house business and fair export de-
mand developed. The feature Of the day
was an improvement in the call for De-
cember options. A bearish sentiment over
cast the pit. however for some time and
worked against higher prices. Reports
came that most OF the wheat had been
cut In the country where rains were fall
ing. Many of the local crowd took prof
its rather than wait over Sunday and
stand the possibilities Of fair weather.
The little strength was Slapped and Sep
TENDER dipped to 7214c, closing only firm
&c up at 729sc. Local receipts were 50
cars, 3 contract. Minneapolis and Du-
luth reported 3OS cars, making a total for
the three points of 347 cars. against 29S
cars last week and 347 cars a year ago.
Primary receipts were 400 600 bushels,
compared with sol. 900 last year. Sea-
board clearances in wheat and -four
equaled 767, 900 bushels.
Corn still showed marked strength on
the demand by shorts. Wet weather was
reported generally in the corn belt. but
whereas it helped Texas it hurt the crops
elsewhere. Advices from many sections
stated that the main root of the plant
was rotted off Opening prices were very
strong. Shorts bid July sc to Use higher
al 6915c to 70c-the latter the new rec
ord price for the crop. Offerings for
profits at top figures at once brought a
slump 10 6s1sc. but the constant bad re-
ports from crops, especially from Iowa,
pushed prices up again. Receipts were a
little larger at 233 cars. but little atten-
ton was paid to statistics. The weather
and the short bidding ruled the market.
September and December advanced July.
but free profit taking in these two options
brought partial declines. July closed
strong lie up at $3.50. September sold at
617sc, closed firm at 2sQ15c higher at e112c.
Oats continued it's upward course again
TO-DAY. The wet weather reported as hurt
ing this cereal worst of all No. white
cash sold as high as sic. and there was
almost nothing offered for sale in spite Of
the good demand. TIE same good buying
that has been in force for week was
in evidence again. Selling was only by
locals for profits. The general sentiment
was decidedly bullish. Shorts covered
freely at the start and July reached the
top figure of the option again. 47c. Dips
followed the liquidation, which. however.
was small, but all the stun was taken
and July, after selling at acc. closed
strong IG1Bc up at 1880. September sold
tstween 3S1Hc and sac and closed firm asGD
nc up at S3Ss0S324c. Receipts were 2O9
cars.
Provisions were very dull. offerings
were scarce, but there was little DISPOSE
ton on the part Of the packers to shove
prices up. Hogs were light and prices
good. including small advances. which.
however, were not at all held. September
pork closed unchanged at $1S.471s; Septem-
Der lard 2lSc higher at s1057lk and Sep
TENDER ribs unchanged at 5000.
Estimated receipts for Monday: Wheat,
50 cars; corn, 800 cars; oats, 345 cars; hogs.
81 600 head
Hogs for the week. $4,000 head.