Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-11-14
MAY WHEAT SELLS LOWER,
DECEMBER HOLDS ITS OWN UNDER
GOOD DEMAND.
Dull Opening Succeeded by Brisk
Trading, With q Sharp Break
During the Last Hour-COrn
and Oats Down.

Chicago, Nov. 13.-Wkeat was slow
throughout the day and very irregular.
December closed where II did Friday, at
&c over May. and at u December
shorts showed some uneasiness growing
out. 1t is said. of the strictness of the in
spection department. Corn was dull. and
prices lost Ld2sc on the day. Oats showed
a decline OF Nc. the market closing at the
lowest figure. Provisions were featureless.
a shade lower than Friday. Pork, lard
an ribs were PIC lower.
The speculative trade In wheat opened
dull. and fer the first hou: the trend was
downward, the most weakness, however.
being in May. which sold &c below the
close Of last night, while December kept
steadier and sold only Nc below the close
yesterday. May opened at 90h and sold
TO 90Ac, below the close yesterday. May
opened at 9Olkc and sold to SOI4c. while De-
cember touched 93Mc. The Liverpool mar
ket was again tame and seemed inclined to
sell of some, while dispatches from New
York said that the frost damage in Argen-
tine was slight and the outlook for a good
crop favorable. Trade was dull for a time.
but later speculation became more active.
and there was a gradual rally of sc in
May and lie In December. The demand for
December became quite brisk. and it was
II, when the shorts made an effort to cover,
which gradually sent the price to 949sc, and
May moved up to 9sc in sympathy, A
from Duluth had been rejected by the in
opection department contributed to the
alarm displayed By the December shorts:
aggregated 5.4i5.00 bushels, against $780,
600 bushels the week before. and 1854. ono
and BroomhalI. Of the Corn Trade News.
cabled that in order to keep up present
stocks Europe, would have to import be-
AlS nf wheat Gables a14O rapnrfed that tho
Russian ports on the sea of Azov were be-
ing closed by ice. cutting offRussian sup
apparently than it did at Liverpool, which
led many to dou its reliability. There
was a sharp break during the last hour and
nc. selling down to s51sc. after having
sold at 94Ac. The weakness abroad and
the dull and narrow trade caused the early
% weak that longs were not disposed to
carry holdings over the Sunday holiday,
this selling contributed to the weakness. At
the close, May was SOC bid and December
94lac, or 4Ac over May. where the difference
last night was only 3izc.
Corn wa dull and heavy and at the
Pit was largely in the way OF changing
The latter is so satisfactory to the elevator
people that they can only be persuaded to
part with any when I1Rc premium over De-
Tor ,S Ny y was IS SssSssSe: and &! Ssse; it p sold
Oats opened finn, and for a while prices
were higher. 0ood buying by New York
and the firmnsSs in the cash market in
fluenced the bToyant feeling. Later, how
ever. the firmness gave way to weakness.
caused by liquidation on a moderately
large scale. May opened at pc. sold at
221sc. declined to 2lNc and closed with SELL
ers at that price.
Provisions were duller than even their or.
binary state OF depression. Changes in
price were SO small as to be hardly worth
recording. December pork yielded to the
WEAKNESS to the extent Of 2i2c decline;
December ribs declined PIC.
Estimated receipts Monday-Wheat, 1876
cars: corn. 40 cars; oats. 40 cars: hogs,