The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-05-15
JULY WHEAT
CLOSED DOWN
Bears and Bulls Had a Drag
ging Contest.
JULY CORN 3-0 CENTS UP
Oats Down While Provisions
Continue to Advance.

Chicago, Nay l4-Grain today was q
dragging contest between the bears
backed Up BY favorable weather for
wheat and corn and the bulls in the corn
pit who were making good purchases on
the extremely small local movement IN
the end July wheat closed sc depressed.
July corn sc higher and July 9ats i.G7se
lower. Provisions continue il their up
ward journey and closed Toe 10 le1zc ad-
valced-
Yesterdays bulls AZ the opening OF the
wheat pit showed thar they had forgot
ten an about yesterday hullish goverr-
melt report The cables showed ne re-
Spouse 70 cur strength and above al the
weather vas very favorable Rains EEL
Coplousiy in Kansas ard Nebraska ard
the spring country northwest was clear
ing 4 local statistician made g report
Indicating a winter yield n 4io-e 90
bushels quite 3t variancs With the gov
ernment estimate yesterday. These fac
tors started July shade o. -sGtzc lower
IT -62sc 20 76c and depressed II early 10
.5asa &C. Corn strength and reports q
good cash business brought g good re-
action and prices FOR time held firm
near last 1ighrS close Trade however
was light tn outside SPECTATOR was
not IN the market ard there was some
fair scihng by yesterdays buyers. Part
% the reaction was due 20 short covering.
Gradually prices slipped back The Sep
tember ana December options we're
n0ticeatiy weaker and materially MID
eued their spreads under July. The close
was weak. July 7sc lower at 15isa@c- To-
cal receipts were twenty-five cars. none
OF contract grade Minneapolis and Du-
iuth reported ia cars. making total
for the three points Of Iis. against 100
last week and lsS year ago. Primary
receipts were 2fs.00 bushels, against
555.eQo bushels last year. SeabOard clear
arces in wheat and -four eGuallec 1856
f7o bushels. The seaboard reported ten
loads taken for export
Corn was the leader u the pits IN the
matter of strength. Weather was favor
able and there was reports that the cour-
try would soon be making freezer de-
ligeries small receipts however, seemed
10 reject this report for the general run
OF cars has gotten down 20 about twenty
five cars for this point. Receipts today
were oaly twenty-seven cars and at
once Influenced early buyin- Several q
the leading houses began taking IN OFFER
ings THAI were made out or sympathy
for the wheat weakness. but as soon "a
the crowd saw the stuff was going into
strong hands. shorts covered and fair
activity resulted. Cash business WAS good
St Louis bought here and cables were
firm. Corn quickly developed independ-
ent strength and July. which sold early
AZ sac jumped 10 657sc- Late profit
taking took of some q the gain and
wheat weakness had depressing effect.
July closed arm sc up at SIC.
oats were influenced by selling by the
leading bull operators Crop aavices
noted harvesting in North Carolina ana
Tipening fields IN Texas, but IN general
there was no change IN th- situation
Liberal cash sales were made for shin-
ment and corn strength gave some aid 90
an otherwise weak market. Prices
nuctuated very narrowly and July closed
weak 1a0sc lower al s67sfslc. Receipts
were small az ffty-six cars.
The strength in provisions vas that ~
renewed buying and support by packers.
started bv a strong hog market ar the
--ards There was stiu talk of a de-
cided uptuan IN lard and a leading house
bought heavily OF this product. Offerings
were rather free on the advance. but the
market ruled strong and higher July
pork closed PIC up al siLse. July lard
10c hirher II SIC 40tz6io4 = and July ribs
l0c advanced al Ss.g7lsa&s $50.
Estimated receipts Tor tomorrow.
Wheat. = ears, corn. = cars. cats. 1.5
cars, hogs. 26fe0 head