The Wichita daily eagle., 1897-12-17

Effectively - December Closes Gents
Better on.
Chicago, Dec. 1e,-The wheat opening was
firm. May started at 3sQlsc higher, at
911z09l5sc, while December, at 9S1ec, show
ed an advance of cent. Some early bull
ishness was considerably modified by a
cablegram from Rosario, saying that II
was doubtful Il any material damage had
been done by the rain. Antwerp. as we'll
as London and Liverpool, confirmed the
previously reported damage, Antwerp
sending at the same time buying orders for
about 10000 bushels May wheat. Zero or
st.:l lower temperature was threatened for
tonight over the unprotected wheat fields
in the greater part Of Missouri, all of H.
ino:s, Indiana, Ohio and Pennsylvania, to
say nothing Of Kentucky and Tennessee,
which were also said to have lost the snow
that fell in those states a few days ago.
Minneapolis and Duluth receipts were 54
cars, against 815 the previous Thursday,
and 6i6 the corresponding day of the year
aSo. Chicago received 357 cars by rail, of
which only III were contract; 1900 BUSH
els and 50 car loads of contract wheat were
transferred from unlicensed to regular ell
evators, the total increase IN contract
stocks for the day being about 225 900 BUSH
els. Atlantic port clearances OF wheat and
flour were equal to $4,000 bushels. After
Il o'clock, the previously prevailing leth-
argy gave place to a tr.1e more appear
ance of the market being still awake and
in the course Of another half hour, it was
kicking its heels UP in a lively fashion and
n . he n i,.ra I'm
the reported working at New York of 15O,-
600 bushels No. red winter wheat for ex-
port, some who had been waiting patiently
for a signal began buying. in consequence
OF which May was sent up to 92I4c and at
the close it was bringing 921s@92A. Not
more than $1,000 bushels December was
traded in. This, with the strength of De-
cember, was sufficient to advance the price
o fthat delivery TO s1.001a, which was the
closing price.
Corn acted much as 1t did yesterday,
starting steady, then showing weakness,
but finally turning strong. The early dull
ness was caused in part by the dry, freez-
ing weather, which was expected to create
a freer country movement Sympathy with
wheat was mainly responsible for the late
strength, though the higher prices ruling |
west had some influence. Most Of the sell |
ng was by those who bought yesterday. |
May ranged from 2s14 to 2ss4Q2S7sc clos |
ng lsc higher at 295s029A.
Oats for December were weak on Equida- |
ion and May for the greater part of the |
lay acted weak an sympathy. When wheat |
and corn turned firm shorts IN May tried |
70 cover, but found some difficulty In do |
ng so and all the early decline was re- |
covered. December, however, was weak I
% the close. May ranged from 221Aq221sc |
and closed Bc igher al 2215.
There was more outside trade IN provis- |
ons and the market continued to advance. |
Prices at the start were higher on the |
mall receipts. Proft-taking by scalpers
aused most of the opening advance to
isappear during the forenoon, but ad-
'ancing wheat and corn caused confident
ceiling later, and prices again went up.
At the close May pork was 10 cents higher
t 1856; May lard, 7lac higher at A.7Z1a, and
lay ribs, TIC higher at s4.55.
Estimated receipts Friday: Wheat, $50
ars; corn, 800 cars; oats, $50 cars; hogs,
5000 head.