The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-07-01
CORN JUMPS
TOWARDS SKY
Price Yesterday the Biggest
For Decade in Chicago
BULLS HAD The MARKET
Wheat Oats and Provision Al
so Sail High
BULLS HAD THE MARKET

Chicago, June 50.-In the grain pits to-
day the dominating influence was tn
rain. which has fallen since Saturday 10
food an already soaked country. The
dry spots on the map were SO few as to
scarcely warrant attention. Wheat closeo
nc over Saturday; corn 114aessc up: oats
1zas.c to Is.c higher. and provisions 2l5c
70 ne improved.
September wheat, in which option the
bulk of trade was transacted in the wheat
Pit, opened 7sql2sc higher at 735sG7s7-c.
and went at a jump 10 74c. amid the
clamor of rain scared crowd Of shorts.
Although not needed for the purpose. a
decrease of 3.725.000 bushels in quantity
afioat and a report that France would
have to do some steep importing Of whea.
owing TO a prospect OF a late Europeah
harvest, acted as an auxiliary influence
in sustaining prices. on the other side.
there were two OBSERVATION-DISCLOSURES Liv-
erpool cables and the feeling that rain
must finally cease Trade was heavy.
but the price did not get outside the
opening rangee, nor did it during the re-
mainder of the session. when the volume
Of transactions decreased. The close was
strong September nc up. at 1885. The
visible decreased $4,000 bushels. Sea
beard clearances in wheat and -four were
equal 10 go. 900 bushels Primary receipts
were 657 900 bushels, compared with s5s.-
GO bushels a year ago. Minneapolis anu
Duluth reported 495 cars and Chicago %
with 5 of contract grade. This made a
total for the three points Of 524 cars,
against 452 last week. and 81 a year ago
Trade in corn was excited and the
feeling nervous. but prices exhibited
buoyancy which refused to be dulled,
even when the manipulators Of the july
delivery dumped September into the pit
in imposing quantities July corn start
led beheaders by jumping 10 725sc the
highest price in ten years. a duel in the
September options enlivened the opening
hour. The manipulators Of July began,
selling September, but the representative
of an influential house stood close ana
nOnchalaLtly abs lrbed everything OF.
fered. The excessive rainfall caused
much fear of damage to the crop and
made an interruption of the movement
and a deterioration in the rading almost
certain. While interest in July was keen
owing TO its high price, the biggest pars
OF the trade was in September. There
vas naturally much profit taking on the
uptIrn, but generally commission houses
were On the buying. indicating that the
country is getting on the long side Re
eeipts We're 255 cars. The visible increased
49S.0o0 bushels, July sod between 70lkz
and Use. and closed strong. use over
Saturday. at 72l5c. September ranged
between &c and sS7sc, closing I34g12sc UP.
at Csc.
Oats contributed their share 70 the
bud excite ment. prices advancing sharply
on uprcsrained buying By almost all
interests. The weather was. of course.
the influence. II was said that the deluge
threatens even greater damage 10 oats
thar TO either corn or wheat A strong
cash situation augmented the sentiment
on tie bull side. Shorts engaged in live
~ covering movement at the opening
Froft taking followed and forced prices
back fer a time. but later buying was
ana the market closed firm.
Receipts were go cars. July sold be-
tween 41sc and 49, and closed &c mp.
at 45's. September ranged between 34s.s
and Sac, and closed 1H05sc up. at CSC
Provisions were neglected for the
grains. Prices. however. were steady in
sypmapthy with corn and on firm prices
az the yards. September pork closed
PIC hisher al $3.50: September lard.
54F4c up. at So62izGSio65. and septem-
Der ribs nc better. al N0s7isc.
Estimated receipts tomorrow: wheat
20 cars: corn, 925 cars; oats. 80 cars:
hogs. 1900.
GRAIN AND PRODUCE MARKETS.