Kansas City daily journal., 1895-12-28
GRAINS A LITTLE FIRMER,
WHEAT WAS WEAK At THE OPENING
BUT II CLOSED STRONG.
MAY IL Firm at 81 5-Sc--Good Demand for
Red winter From Country Miiiers--
Corn ouict-Oais Firmcr-Pro-
visions Lower.


Chicago Dec. 27.-The wheat market
opened weak and closed strong. reversing,
in that respect. its course on the day be-
fore. The advance IN its price is quite
insignificant. but there are some indica-
tions of a material Improvement in tho
general surroundings. The Northwestern
receipts were much smaller than on the
week before and while they may be due
to the recent holidays or to bad roads.
the indications are regarded as favorable
for permanent reduction as compared
with their volume previous TO the Christ
mas holidays. The corn and oats markets
were shade firmer. and provisions, after
opening strong. closed at a slight decline.
Pleasant weather and an expression OF
opinion from gcnerallv well informed
source that the Argentine crop promised
TO turn out satisfac torily caused weakness
at the opening here. May wheat closed
yesterday at SOS, opened with sellers at
57i4n51isc, and II few even as low as
SIC. The appearance of few buyers who
were satisfied with the above named
ductlon In the sellers prices changed the
feeling, and during the succeeding hour
and half of the. session the price tended
about II o'clock. The chief reason for the
nboys Slight rally had Its seuFSs Y the
Wsstern SHg' tnatio Tioh That niueneed nj enc the
buying in of some short wheat. and the
offerings lessened as the demand increased.
higher than they closed yesterday, and al
though the foreign regular grain markets
the unofficial dealing al steady and un-
changed prices. Business was largely local
the the nvariable acccompaniment c Of lack lack Of
touching S7a.c, about the middle, Of the he
again, and did get to 573sd57isc, from which
point 1t once more rallied to its previous
an occasional five about half an hour from
the close. The latter price was due to the
f99G eSnrE Sn1 eTs n for oh rs
to 2iac in store over. the May price. The
5000 bushels to 10000 bushels would aggre-
gate about 10000 bushels. New York like
It was being circulated in the pit towards
the close of the session that twenty four
9dTices @ Confirmed twenty boatioads taken ken
at New York, and the price of May closed
firm here at 57Ssc.
for futures, although carloads through
billed could not be disposed Of in the cash
5 from eSssPl yesterdays rates osa
billed corn was steady and in fair demand
at yesterday rates The ea business ts done in
in price were of equally small character.
May closed at 277sc bid, being 1-1sc im-
In the market for oats, a fair business
was transacted, and a slightly firmer feel
The receipts of hogs were only 5000, in
stead of $1,000 estimated yesterday, and that
started the provision market strong. Tho
opening prices were, however, the highest
made to-day. The small run of hogs was
ascribed to the bad state of the roads and
nothing in the opening advance but a good
opportunity to put out a line of the stuff.
Brokers for John Cudahy did the selling,
which caused n decline, following the little
bulge at the start. At the close, january
pork was &c lower and May 21ac lower.
+ nd Ia r1 m si
and ribs lost 212c for January, while May
was unchanged.
Wheat, 115 cars; corn, 165 cars; oats, 11e
cars, and 1900 hogs.