Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-11-28
WHEAT PRICES DROP BACK.
MAY LOSES ALL OF FRIDAYS GAIN
AND DECEMBER LOSES 1 3-4c.
Liverpool Failed to Respond to the
Chicago Bnlge-Corn and Oats
Dull and q Trihe Lower
Other Markets.

Chicago, Nov. 2I.-Al of yesterdays 1Xc
advance in May wheat was lost to-day,
while December dropped 1Ac There was a
big increase In winter wheat offerings. es-
pecially from Indiana and this was very
effective with9the crowd. who sold from the
start. Other markets were dull witt mar
row fluctuations and only slight changes in
prices at the close.
Wheat opened weak for both May and
December. May started Adssc lower at
92AQ92sc. and December at 9yc. a decline
Of NC. Liverpool cables were ~disappoint-
ing. showing but 1sdasd advance as a re-
Spouse to the bulge here yesterday. North
west receipts were 9a cars. against SI2 last
week. and 542 a year ago. The persistency
with which receipts up there refuse to fail
off in spite of all predictions to the con-
developed that the heavy advance in De-
cefnber was having its natural effect upon
country shippers who possessed any that
have gone to Toledo or St. Louis under
normal conditions was headed this way, and
$1,000 bushels of No. 2 red winter ready to
ship from Indiana was sold in the pit at
from CSC to 9S%c for December delivery.
Tn opening decline in that future was
pressed into a still further reduction when
known. Chicago receipts We're 29 cars.
Bradstreet's reported American clearances
coasts at 5.465.O 600 bushels. against 6.653. 600
bushels the week before. and 3.753.0OO BUSH
els the corresponding week of 1886. There
tention was paid to it. New York reported
thirty-two boatloads sold for export, twenty
of them for Austria. The days c~learances
from the Atlantic seaboard amounted to
$4,000 bushels. Only about 1900 bushels
increase in the visible is expected Monday.
The advices from the Northwest were that
~liveries had materially fallen off. The
beartsh effect of the sales of No.
indiana rfa S'n Wa. T insrease Cd a whsn h It sea fanm
known that handlers of cash wheat were
sellers of carloads to arrive for Iowa and
Northern spring to ship. Armour & Co.
likewise sold December wheat in pit. which
was supposed to be against wheat bought in
finally became SO free. that the market
broke to g.l.c. Near the opening it had
at s7i = " and b. by ' Closing e tine iteaq hsd I reeovepad
10 ssI4c. May did not entirely escape. 1t
sold between 92ssc and s2a4c for some time,
then broke to 9lssc. closing at 91Zc.
Corn was slow, with trade for the most
part consisting of transfers of December
contracts to May at about ssd3a4c differ
downward, due TO receipts. of SAG cars and
sympathy with the decline in wheat. Ca
bles were Ss@lzd higher. Atlantic clear
ances were 3l 600 bushels. May ranged from
29ac to 2slsa2sssc and closed a shade lower
at 29tsc.
Oats were weaker and closed over. The
decline in wheat had a depressing effect.
December showed some strength shortly
after the opening on a fair demand. but
the advance was lost later. Elevator in
terests did most of the selling. Receipts
We're large-M cars. Seaboard clearances
Were $4,000 bushels. May ranged from 22Kc
TO &c and closed Ac lower at 22d22Ilsc.
Provisions were very dull, but firm. De-
mand was only fair. but offerings were even
smaller. There was some transferring of
December contracts to January. Cash de-
mand was quite good. AT the close, JAM
nary pork was PIG higher at ss.17ls; Jam
uary ribs a shade higher at Si.15d4.17ik.
Estimated receipts Monday: Wheat. 165
cars: corn. 40 cars; oats. go cars; hogs.
500.