Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1898-11-30
CLOSED HEAVY AND LOWER
A SPLENDID DEMAND o WHEAT IS
OvERBALANCED BY RECEIPTS.
Wheat Loses 3-Sc, Corn and Oats Re-
manned Unchanged and Provis-
fons Closed q Little Higher
Yesterday in Chicago.

CHICAGO. Nov. 29.-Wheat to-day, after
running a very irregular course, closed
heavy and sc under yesterdays final fig
ure. 1t was a case Of enormou receipts
against a splendid demand and the re-
ceipts finally triumphed. Corn and oats
are unchanged. Provisions closed a little
higher.
The immediate opening in wheat was
rather dull, May starting at 66a66hc, a
decline of &c, and December Ad2sc lower
at eoNc. Liverpool failed to respond to
yesterdays advance here and Northwest
Duluth reporting 2,Hl cars, compared with
2,177 last week and lob a year ago. That
gave the market an easy opening. Re
ports that a heavy snow storm prevailed
in the Dakotas. suggesting consequent de-
crease In receipts. was apparently the rea-
son for a brief advance. December selling
opening. Then followed a period of de-
preston, which lasted until about II
the condition of which has been exciting
much interest, were conflicting. one report
saying. the exportable surplus would be
large in spite Of any damage. But this
report gave the exportable surplus at about
10000, 900 bushels, which is considerable be-
low previous estimates. and therefore the
Argentine news had a supporting influence.
IL anything. Bradstreet's reported the
worlds visible increase at 3.s0s.eO bushels,
more or less nervousness shown by De-
cember longs and liquidation from that
source. though not so heavy by any means
as OF late, was nevertheless a feature of
the morning decline. Before the pressure
had been removed, December had been
forced down to s51sc and May to 66c. After
IL o'clock the market became firmer. Clos
ing cables. notably from Paris, showed
strength n seaboard reports were excel
lent. Clearances were put at $4,000 bush
els. and forty loads were reported sold for
export. Sales here were about go, 900 BUSH
els. Strength in corn also helped to create
the demand which findlly sent May up to
6Sl1c and December 20 6fas M651Lc- But nri-
mary receipts were very heavy, 1,S22,OO
bushels, and this announcement again
farmers were apparently unanimous in a
desire to- sell. The demand gradually fell
off and during the last thirty minutes
cspbef finally declined to 65sc and closed
at SIC. May declined to and closed at
COIN. though having periods OF depres-
sion, lv.~s in the main firm The demand
for Decefmber was a feature. Receipts
steady. Soft weather West was a bull in
offers FROM the West. seaboaTd sales
$4,000 bushels. Local. bull traders Were
good buffers. Prices advanced during the
morning. but the advantage was lost when
wheat weakened. May ranged from 34AD
Sisc t6 34Z. and closed unchanged at 341sc.
Oabcs followed corn very closely. There
wase only q fair business transacted. Local
long5 interests were moderate sellers. Cash
and export demands were reported good.
ANDY receipts were moderate, 34 cars. May
ranged from 2sa to 2GAc and closed I'M
changed at 25%c.
Provisions were dull but firm in face of
heavy receipts of hogs. Room traders as
n rule were bullish. Shorts took advantage
of the natural business to cover, and there
was also some buying for the long ac-
count, Packers were moderate sellers.
There was some depression near the end
on account of the declines in grain. At
sa.07b: January lard, PIC higher at s+971s.
and january ribs PIC higher at sL5.As.
m receipts Wednesday: Wheat.
175 cars; corn, $50 cars; oats. 1S5 cars; hogs.
10000 head.