The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-27
FAVORS THE BULLS
EVERY ITEM OF WHEAT NEWS GOOD
FOR AN ADVANCE
Wheat Opens With Anxious Buyers
aud Keeps Inchiug on-Liverpool
Quotes Advance on American
Wheat English Visible supply
Reduced.

CHICAGO, Nov 28.-The Influence IN the
wheat market today were bullish aud
wound up firm Mt cent advance. May
corn gained 3 GEM. May oats q cent and
provisions closed with but slight changes.
The opening of the wheat market found
buyers anxiously bidding t855 cents aud
from that up to 59}5 cents with very few
sellers below 50 cents. II continued TO
edge up a trifie more during the next half
hour. the price about 10 O'Clock being 594
az cents. but selling against calls at 1914
cents and better. iut-rfered at thai
time with any further improve
ment The early news was bullIsh.
The Liverpool market opened firm at Z
pence advance for American red winter
and spring wheat. Stocks at that place
showed another considerable reduction
since Monday last, The amount of ocean
passage was 52S, 600 bushels since week
ii o, in the face of heavy aggregate OF
shipments from export countries. and the
receipts at Minneapolis aud Duluth were
l.Ul6 cars, compared with POI 3 year ago.
Every item In tie points enumerated was
distinctly favorable TO the bull side. Inc
decrease for the week in the Liverpool
stocks amounted 10 26l. 900. The visible
supply iEcreas=d 1872, 900 bushels, and
weakened the market for a little while,
but the English visible supply de-
C cased l 23S. go bushels, the effect or he
increase here was quickly overcome. After
selling down 10 5S$l cents on the domestic
visible supply. il rose soon after II O'Clock
t. 5915 cents on the English visible supply.
Expo clearances of wheat and flour from
Atlantic ports mounted to $50 900 bushels.
Closing cables 10 the board of trade
quoted Liverpool q pence higher Tor
American red winter wheat. The market
was strong at the finish at co.. cents Tor
May.
The corn market was weak and lower on
account Of the favorable drying weather
Tor new corn and tue heavy receipts.
About the middle of the session the visible
supply was found TO have increased 1910
COO bushels. thus adding to II In one week
a quantity almost equal to the entire
amount OF its previous bulk. The opening
price for May was 4S5s cents and 1t sold at
4S25@L cents about the same time. IL
dropped gradually To IS cents during the
forenoon, but revived earlier III the day In
sympathy with the strength of the wheat
market. The increasing strength "f wheat
at the end of the session alarmed the
shorts and FINAL cansed an advance in May
to 4S$s cents aud 4S1s cents, with 4S%4 cents
the closing quotation.
The oats market opened shade easier at
- , =
cents, and then in sympathy with the corn
market sold off To 81 cents, who're Ii was
shortly before noon. Trading was con-
fined almost entirely TO scalpers. Toward
the close the market firmed up tribe and
wasmore active. The rally in the other
cereals could be cred ted to this slight adj
vance May sold at 1925 cents and closed
with sellers at that price.
The receipts of hogs verv largely ex-
ceeded the estimates on Saturday aud IN
consequence OF that the price OF provisions
fell off at the opening. Local spectators
were inclined for the most part TO the bull
side. The strength OF the wheat market
was a supporting feature of the surround
iugs and helped to recovery OF most OF
the early loss. At the finish January pork
was 215 ceuts lower. lard % cents higher
and rios 3 higher.
There was fair demand for vessels to
load corn and oats for Buffalo at / x cents,
with charters for corn at that figure