Kansas City daily journal., 1896-12-10
may WHEAT BELOW 50 CENTS
CLOSED YESTERDAY IN CHICAGO AT
NET DECLINE OF 5-Sc.
Opened Weak and Tended Steadily
DOEynwHrd-SPecuIa Afraid of
Holiday DuIInes~-COrn Was
DuIi-OntS Lively.

Chicago. Dec. 9-Wheat got fairly and
Equarely below the SOC niark to-day. the
MAY option closing at a decline of i5sc.
The only feature Of the markets was their
excessive duHness. Corn declined Isc and
oats &c. Provisions are practically un-
changed. Wheat opened exceedingly weak
to-day The first transactions in May We're
at declines Of from nc TO sc, prices being
from Sylsc to 1870, with very few buyers
al over the lower figure. From that point
the market tended steadily downward, the
opening quotations being the highest prices
reached during the session. Liverpool ca
bles were disappointing, as that market
showed a loss Of I'd, Notwithstanding the
Improvement that was made here yester-
day. But the most depressing feature of
the market was the general duilness in
speculation. Holders paid no attention to
the bull news, but could see only the
apathy of operators. and looked forward
with apprehension TO the dull. days which
are expected TO follow as a result of the
holidays. As a consequence. there was a
general disposition TO get rid of long stuff
and to sell short. Atlantic clearances once
more gave evidence of the heaviness Of the
European demand They amounted in
wheat and flour together including 1898
barrels of -four from Newport News, to the
equivalent of 5I2. 600 bushels. Northwest re-
ceipts were rather neutral. Minneapolis
and Duluth received 629 cars. against 3l6
last "Wednesday, and ST1 on the correspond
ing day of the year before. The market
showed considerable nervousness and huc-
1uations between 7gIsc and 7g24c were fire.
duent. This feeling was noticeable to the
end. In the last fifteen minutes of the
session, the bears made another drive at
IL to test their strength. and for the fifth
time during the session it looked as If it
was about to go laundering below 79c. but
79isc was again bottom price. the closing
being at 79lsd79l4c
Corn could not well be duller or less en-
ticing to an eNpeciaHt speculator than it
was to-day TheN entire range of the days
fluctuations was virtually circumscribed
10 l-16c in the most active future-May.
The opening was weak. in common with
wheat but there price fluctuations practi-
cally ended. May opened isTitc lower, at
DC. sold at 26d26lsC. and closed at the
opening price.
Oats enjoyed quite lively session. The
weak opening Of the wheat market started
1he bah rolling. and an excellent country
demand kept things going. Offerings were
free and prices gradually declined. May
started shade lower. at 2li4c. declined to
oG7-r and closed easy at 20Tsd21c.
The provision pit was almost deserted.
Prices were slightly inclined to go lower.
but not 10 such arp extent as to make any
considerable change. Hog receipts were
considerably less than expected. but any
advantage from this source was offset by
the weakness Of grain. May pork closed
2Isc lower. at S.92i2; May lard unchanged.
at aG7i2G4lb: May ribs unchanged, at
sio2's.
Estimated receipts Thursday: Wheat q
cars; corn, 200 cars; oats. 800 cars; hogs,
@ NOO