The Wichita daily eagle., 1897-12-16
GRAIN AND PRODUCE
LITTLE BUSINESS IN DECEMBER
AND LITTLE MORE III NAY.

LATTER Month Well snstaiaed and Closes
half Cent Higher Than on Tuesday
December Closing an Eighth Cent
Lower ON the Day-Foreign Grain Be
views and Other Authorities jam the
Situation Full of Significant News
What the Knowing Ones Say of the
Leiter-Armour War.
Chicago, Dec. 15.-very little busines.
was done today in the December deliv-
| cry OF wheat, and May did not fare much
better. TIE latter month was well sus-
tanned as a rule and al the close was
selling 1-2 cent higher than the final fig
ures OF yesterday. Shorts covered free
Iy late in the session. Corn and oats
| had a lively squirt in the last fifteen or
twenty minutes trading and showed
closing advances Of 3-891-2 cent, and
Is cent respectively. Provisions were
strong throughout and advanced 71-29
| 10 cents.
There was I'D strongly developed feel
| ing either way at the opening in wheat.
Prices were substantially the same a.
! st the close yesterday. May starting at
80 1880 "a cents, most OF the first
sales being at 90 5-s cents. while Deceu-
Der was quoted at 81 1-2 cents. A slight
ly firmer feeling was impaired soon sf-
ter by cabIegram from the Liverpool
Corn Trade, stating that only FIVE Ar
gentine steamers had been fixed as yet,
meaning only that many 30 far charter
ed for shipment Of wheat. 1t also quot
ed Goodwin, the Argentine wheat au-
tlority, as saying arrivals in Europe
would not be before April. A private
Paris cablegram ridicuIed the state
ment that France would only need to
import 20,o00.0o0h bushels OF foreign
wheat from November l to the end Of
the crop year, stating their estimate OF
requirements fer that time al 60,o00,o 600
bushels, and that bakers and millers'
stocks were small and farmers deliv-
cries lignt. These statements caused
moderate covering by the more ti1nid
shorts. the price Of May advancing in
consequence TO 80 rs cents. The dull
ness of trading initiated against any
sustained advance and prices slowly slid
off again to 80 3-S cents, though not
without several slight rallies. Mime
apoiis and Duluth receipts were Az cars,
against 600 Wednesday week ago, and
377 the corresponding day Of the year
before Chicago received in the usual
way by rail 334 car loads, compared with
6rr~ f-1n in,
addition to rail receipts from the coun-
try 100 cars and 3S, 600 bushels from un-
licensed elevators and 10000 bushels by
lake; the lots all No. 1 northern spring
Primary receipts amounted altogether
to So2, i65 bushels, against 2S2. $50 bushels
the previous year. Export clearances
from Atlantic ports amounted to $4,000
bushels in wheat and flour. A second
cablegram from the Liverpool Corn
Trade News reported official statistics
of wheat and -four consumption in Ger
many and Belgium for November much
smaller than in that month last year.
May touched 80 3-S cents, the low point
on rnat option. Bradstreet's reported
the worlds visible increased by 1S3, 900
bushels. The temporary decline on the
reported reduced appetites Of the Ger
mans and Belgians came 20 an end
when Bradstreet's report was publish
strength toward the close, due TO free
general delivering by shorts and limited
speculative offerings May advanced 20
81 ii cents. and closed firm at 81 Is
cents. December Transactions com
prised, all told, about 100000 bushels, /
most OF il sold for Armour & Cos ac-
count and bought principally by Allen |
& Grier al 81 cents. II started nomi- !
naily worth 81 1-2 cents, then at 81 /
down again to 971 cents, where it /
closed.
Corn was very slow and inclined to be 4
weak up 10 within fifteen minutes of /
the close when It suddenly became /
active and strong on rush % shorts to !
cover sales made during the recent de- /
cline. This caused a recovery OF the 1
slight early decline and a good advance /
besides. Speculation was quite broad at 1
the close. Cash demand was slow. May
ranged from 29629 Is cents 10 IS IL /
tents, closing s-SG1-2 cent highe- al
% is cents.
Oats. ike corn, were weak early in
Lhe session and some decline followed
Tree selling. Prices turned abruptly up
ward when covering started near the
lose, for very little was Offering AMI
ne market was strong and Is cent
higher al the end. Cash business was
limited. May ranged from % i-2 to %
,enEs and closed al % SIS cents.
Provisions were exceedingly firm ana
more active speculativeiy y1an they have
)een for scme time. Light receipts Of
aogs and a firm hog market started
)-ices higher and good general buying
Kept the market advancing. Purchases
4 lard were especially heavy. At the
lose May pork wa. Is cents higher. at
SIS: May lard 71-2d10 cents higher, az
les, and May ribs 10 cents higher, at
4 AZ L.
Estimated receipts Thursday: Wheat
10 cars; corn go cars; oats $50 cars;
logs q GOO head.
WHAT KNOWING ONES SAY.