The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-28
WINDS UP STRONG
WHEAT GAINS a LITTLE WITH a
PROSPECT FOB MORE
Northwestern Receipts are Lighter and
There Is WeII-Deined Impression
That That VIII be the Rule for Time to
Come, as Compared With the Ante
Holiday suppIy-Argentine's Good Pros
pect is an Early Factor for Weakness
Corn Quiet and Firmer-OAts Likewise-
Provisions Highest at Opening.

Chicago, Dec. 27-The wheat market
opened weak and closed strong today,
reversing in that respect its course in
the day before. The advance in its
price is quite insignificant, but there are
some indications OF a material improve
ment in the general surroundings. The
northwestern receipts were much small
er than on the week before, and while
they may be due to the recent holiday
or bad roads, the indications were re-
garded as favorable for a permanent
reduction as compared with their vol
ume previous 10 the Christmas holiday.
Tine corn and oats market were shade
fiTmer, and provisions. after opening
strong closed at slight decline.
Pleasant weather and an expression
OF opinion from a generally well in
formed source that the Argentine wheat
crop promised 20 turn out satisfa ctorily
caused weakness at the opening here.
May wheat, which closed yesterday a
57A to SIS cents, and a few even as low
as 81 cents. The appearance Of a few
buyers who were satisfied with the
above named reduction in the sellers
prices changed the feeling, and during
the succeeding hour and a half OF the
session the price tended gradually up
ward and 1t touched 575s cents about II
O'Clock. The chief reason for the ABOVE
slight rally had its source in the moder-
ately strong position of then orthwest-
ern situation. That influenced the buy
ing in Of some short wheat, and the af-
ferings iessened as Fhe demand increas-
ed. British consois were quoted s. per
cent higher than the close yesterday,
and although the foreifn regular grain
markets were closed, cables were re-
ceived quoting the unofficial dealing at
steady and unchanged prices.
Business was largely local, and of the
scalping character, which is the invari-
able accompaniment Of a lack of or
ders from outside. After momentarily
touching 5734 cents about the middle Of
the session. the price began to work
down again, and did get TO 575sG571a
cents, from which 1t once more rallied
to its previous highest point, and was
bringing 51A cents for an occasional
The latter was due to good demand from
the country millers in Ohio, Indiana,
Michigan and Missouri for red winter
wheat, for which they paid from 2 cents
30 21a cents in store over the May price.
The quantity taken in car loads and lots
Of from 5000 bushels to 10000 bushels
would aggregate about 100, 900 bushels
L
quiry for export, and II was being cir
culated in the pit towards the close of
the session that 'twenty-four boat loads
had been worked there. Late advices
confirm twenty boat loads taken at New
York, and the price of May closed firm
here at 51% cents.
Corn was very quiet but a chade firm
er for futures, although car loads
through billed could not be disposed of
In rhp ch NM lyar a.
ton of from II to q cents from yester-
days current prices. Local billed corn
was setady and in fair demand at yes
rates. The business done in fu-
lures was infinitesimal and the fiuctua-
tons in prices were Of an equally d.
minurive character. May closed al 277s
cents bid, being lie cent improvement
for the day.
In the market for oats a fair business
was transacted and a slightly firner
feeling developed.
The receipts Of hogs were only 5000
head instead of $4,000 as estimated yes
terday and that started the provision !
market strong. The opening prices
were. however, the highest made today. !
The small run of hogs was ascribed TO
the bad state Of the roads and short Z
sellers of hog products could see moth /
ng in the opening advance but a good I
TO put out a line of the /
stuff. Brokers for John Cudahy did I
he selling which caused a decline fol- I
owing the little bulge at the start. At 4
he close January pork was cents low /
er and May 2ia cents lower. January /
md May lard had similar declines and /
lbs lost 21a cents for January. while /
May was unchanged.
Estimated receipts for tomorrow: |
Wheat lis cars. corn I65 cars, oats ITO |
,ars, hogs 1900 head.