The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-07-03
JULY CORN
STILL LEADS
Another Advance of | lac
Yesterday
WHEAT CLOSED HIGHER
Oats and Provisions are Both
Lower.

Chicago. July 2.-The grain markets
were distinctly quieter today. although
nervousness over the weather and crop
damage were stin apparent Signs Of
clearing weather in the west were in
fuential in checking advances July
wheat closed &c higher; September wheat
sc lower; July corn nc up; September
corn nc lower; September oats &c down.
Provisions closed 2lzc lower to 1lzc higher.
When the trading began there was
more rain 70 consider. showers having
fallen literally during the night. Com
mission houses bought freely and Sep
TENDER, during the first hour. advanced
to 75izd@c. This proved 10 be the highest
20 nitof the day for this option. Shorts
seemed TO be pretty well covered, thanks
to their strenuous exertions Of yyester-
day and scattered reports that the
weather was getting clearer in the west
found the market ready for reaction.
Local bears sold literally and St. Louis
added TO the pressure. The quantity dis
posed Of was not heavy, but September
gradually receded 10 73s.c At one time
September got back TO 747.c. but the close
was sc under yesterday at 74ac The
high point of July wheat was IKE July,
however, participated in the easier tend
ency and following the bulge worked
down TO 7524 d7sc. The decline was
largely due TO profit taking. and when
the let came the prices steadied and the
close was &c over yesterday at 76l:c
Seaboard clearances were 329, 900 bushels
and primary receipts 10000 bushels. com
pared with So. 900 bushels last year. Lo-
cal receipts were thirty-four cars. one
contract; Minneapolis and Duluth re-
ported DO cars, making total for the
three points of 26l cars, against 505 last
week and III a year ago.
The July dealing in corn was com
paratively neglected. Not more than
10000 bushels were handled during the
entire session. The smallest packages
OF this option were sufficient to cause
fluctuations. This market, like wheat.
ruled strong early, while the effort OF
last nights showers was the chief con-
sideration. The trade in September was
only fairly active and during the after
noon IL became quite dull. The 1T looks
like clearing up" which were eagerly
scanned. joined with the natural tend
ency to take profits while they were
sure. kept the September prices down.
July stayed well up, because the firm
which has the supply tucked away did
not choose to sell it any cheaper July
sold between Il and 761zc and closed SIC
higher at 75szc. September sold between
SIS and 631Ac closing &c under yesterday
1t 62%c. Receipts were IS cars There
were transferred TO public elevators III
cars of contract corn.
Oats opened higher with other markets
bu developed an easier undertone earlier
than the leaders. The easiness was due
chiefly TO the buy interests. which
bought freely yesterday. There was also
selling in sympathy with the other
cereals. There was a good scattered trade
in the pit. September sold between IS
and 561sc and closed steady &c lower at
3p4c. Receipts were 1o3 cars
Provisions were dull. but steady in the
absence Of selling pressure. What bust
ness there was was almost entirely in
the way of changing. September pork
closed PIC higher at s1S.57lz: September
lard. 21zc lower at 5000 and September
ribs unchanged at N06715.
Estimated receipts tomorrow: Wheat
IS cars; corn, los cars; oats, 10 cars; hogs
30 900 head.