Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-12-16
WHEAT Is NEGLECTED..
LITTLE CHANGE-MAY LOSES FIRM
AT 81 1-Sc-DECEMBER 3. Lie.
Report of Small Increase i'm Worlds
Visible Strengthens the Market
ut the C~lOse-COrn, Oats and
PrOvisi0ns Higher.

Chicago, Dec. livery little business
was done to-day in the December delivery
OF wheat, and May did not fare much bet
ter. The latter month was Well sustained
as a rule and at the close was selling &c
higher than the final figures of yesterday.
Shorts covered freely late in the session.
Corn and oats had u lively squirt in the
last fifteen or twenty minutes trading and
showed closing advances of ss9iac and 1sc.
respectively. Provisions We're strong
throughout and advanced 1l2ul5c.
There was no strongly developed feeling
either way at the opening in wheat. Prices
We're substantially the same as at the cloSS
yesterday, May starting at pi2nsoS4c, most
OF the first sales being at yttsc, while De-
cember was quoted at gl.c. A slightly firm
er feeling was impaired soon after by a
cablegram from the Liverpool Corn Trade
News, stating that only five Argentine
steamers had been fixed as yet. meaning
bniy that many so far chartered for ship
mcnt of wheat. 1t also quoted Goodwin.
the Argentine wheat authority, as saying
arrivals in Europe would not be before
April. A private Paris cablegram ridi-
culed the statement that France would
only need to import 100000 bushels for
eiSn wheat from November l 10 the end
of the crop year. stating their estimate of
requirements for that time at to, 900, 900
bushels. and that bakers and millers'
stocks We're small and farmers deliveries
light. These statements caused moderate
covering by the more tinid shorts. the
price OF May advancing in consequence 10
sVFSt ~ tii' III VI tI.ttlflS Illll1dIhu
against any sustained advance and prices
slowly slid off again to !Jasc, though not
without several slight rallies. Minneapo-
lis and Duluth receipts We're 4I2 cars.
against COO Wednesday "a week ago. and
80 the corresponding day of the year be-
Tore. Chicago received in the usual way
by raj "34 carloads. compared with y; "A
year age. but received To-day in addition
10 rail receipts from the country 100 cars
and 5000 bushels from unlicensed eievat-
ors and 1900 bushels by lake: the lots
all No. / Northern spring. Primary receipts
amounted altogether To 49,, 100 bushels,
AGAINST sS2 80, bushels the previous year.
Export clearances from Atlantic ports
amounted 10 3l5. go bushels in wheat and
flour. A second cablegram from the Liver
pool Corn Trade News reported official
statistics of wheat and -four consumption
I'm ernan and Belgium for November
much smaller than in that month last wear.
May touched $3.50. The low point on that.
BfadstreetS reported the worlds visible
Increased by 1s5.o0o bushels. The tempo
IarS decline on the reported reduced appe-
an end when Bradstreet's report was
published. The market developed consid-
cradle strength Toward the close. due TO
free general covering by shorts and limited
speculative offerings. May advanced to
SIG. and closed hrm at 9llsc. December
transactions comprised all told about 800 Wa
bushels. most of it sold for Armour and
Cossact.. and bought principally by Allen
ana Grler AT H.c. Il started nominally
closed.
totl WIS SLOW ana inclined 10 be weak
UP to within fifteen minutes OF the close.
wien it suddenly became active and strong
on a rush of shorts 10 cover sales made
during the recent decline. This caused :.
recovery of the slight early decline. and a
good advance besides. Speculation was
oiiitc broad at the close. Cash demand was
slow. May ranged from s9n24isc TO Isle
closing 3sdi2c higher at 29Isc.
Oats. like corn. Were weak early in the
session, and some decline followed free
selling. Prices turned abruptly upward
when covering started near the close. for
very little was offering and the market Wa
strong and sc higher at the end. Cash
business was limited. Nav ranged from
e2isc to PC. and closed at 222sc.
Provisions Were exceedingly firm aut
more active speculativeiy than they HAY.
been for some time. Light receipts of hogs
and Il firm hog market started prices high,
or. and good general buying kept the mar
ket ADVANCING. Purchases of lard Were es.
p~eCially heavy. At the close. Nav pork wa:
i5c higher at $50. May lard .i.al6c highci
al s4.G5. and May ribs lNc higher at S4.iIl,.
Estimated receipts Thursday: Wheat, All
cars: corn. 100 ears: oats. 800 cars. hogs
Sl.000 head.