Kansas City daily journal., 1896-12-08
WHEAT BACK TO 80 CENTS.
WEAKNESS IN LIVERPOOL CAUSED
A BREAK IN CHICAGO.
Final Figures for May Were so 5-Sc,
Loss of L 5-Sc From saturday,
Corn Slow and Weak
Oats Were Quiet.

Chicago, Dec. 7.-wheat touched the soc
mark to-day. a decline of PIC from satur-
days closing price. It recovered, however,
later, closing with net loss OF I5sc. Weak
cables on the one hand and the worlds vis-
fble decrease on the other were the princi-
pal conflicting elements in the days fiuct-
uations. Corn and oats closed lsc lower.
Provisions show but little change.
Wheat had a somewhat sensational
break on the first hours trading to-day.
Liverpool again repeated its see-saw tao
tics and, in the face of substantial ad-
vance here Saturday, sent out opening
quotations from Aa1d lower. A weak op-
ening here was inevitable and when Min
neapolis reported the receipt of $40 cars
and Duluth IS cars, a total of LOS, against
800 last week, the price got for a moment
to SOC, or 2lsa214c below the closing figures
of Saturday. May opened irregular at
from Sic down TO s05sc, with no very gen.
eral demand at even the lowest of the fig
ures given. There soon appeared buyers
enough to take the not very heavy offer
ings at S0ssc, and SO24c was paid for some,
but the heavy Minneapolis receipts stopped
all such buying and il was not until after
SOC had been recorded that the decline was
pectedly large decrease in the visible sup
ply was quite a help to the market. Opin-
ion had varied on the latter subject be-
tween a decrease of 0OJO bushels and
900 bushels. until Buffalo was found to
have increased only 295. 900 bushels, where
as an increase of about 500 go bushels had
been looked for. The actual decrease was
announced in the end as 10000 bushels,
compared with a decrease the year before
nf o,,1z
provemeEt in the price of May to Sic. Then
both liquidation and short selling started
again. encouraged by the weak closing tone
at Liverpool. the price breaking TO SOC.
Later, on the report that a considerable
quantity of new business had been done
for immediate shipment, the price had an
other sudden bulge 10 Sic. The market
turned heavy again toward the end of the
final trading, May being at SO5sc
Corn was slow and weak, but the decline
was slight compared with the slump in
wheat, which market corn was inclined to
follow. The shipping demand was light
and rather large receipts are expected TO-
morrow. May started about sc higher
at &C, sold between 26ISc and 255sc closing
easy at 26a2S1sc
oats were quiet, with prices &c lower
at the close than they were at the finish
on Saturday. No features were developed
and prices fuctuated within a narrow
range Sympathy with wheat and corn
caused the easier tone. There was a good
cash business. May opened a shade lower
at 2l7sc. declined 10 21isc and reacted to
2lhN2l"sc. where 1t closed. 4
Provisions opened easy and at a slight
decline. affected by the drop in wheat and
large receipts of hogs A good demand
existed. however. and the early loss was
soon recovered. prices holding firm for the
rest OF the session May pork closed 2Izc
EO7ia: May ribs. 2isc higher at $500
Estimated receipts for Tuesday: Wheat,
4O cars; corn. $50 ears; oats. 80 cars; hogs,
2S,O10.