Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-12-07


shipments the n hours IS $50 bushel
shipments same time last a.. $50 bushels
Receipts week ending Wednesday. 49, I50 bushels
Receipts same week last 500 bushels
Shipments week ending Wednesday,. ss 800 bushels
Shipments same week last year 900. 500 bushels
The past week brought a turning point in the mar
ket and better feeling has peryaded 1t since our
last review than for some time. Receipts continue
very light and the news a rule has favored hold
There stopping OF stock accumulations
everywhere and with this came more anxious spec
ulative demand. The shorts that have dominated
the trace for some weeks less independent and
many Of them new tic The fact that there
has been decline Of 15c from the high point was
in itself sufficient TO start reaction. And when
the news began to come in more bullish from ali
quarters buying became more general and with the
improved demand harding OF prices was had nii
around The Argentine shipments. while good
516. 900 bushels. against 5000 bushels last year
tine visible is now below 1000 900 bushels Here the
visible supply in the United States and Canada made
decrease last week of 900 bushels. whereas an
increase OF go 900 bushels was expected. The Euro
visible decreased last week $4,000 bushels and
the English visible fell OF :ss. 900 bushels All
which tended speculative confidence and
ket was had. But while prices were being advanced
little all around there has been no especial move
ment and most Of the demand from shorts
rather than investment account. The Kansas crop
report given out the first of the week made the crop
72500 bushels more than the last government esi
mate. but offset by bad reports from Ohio. The
Hessian ny. IL is said. has done much damage to
tion is only 80 per cent Of crop The receipts at
the i've leading Western points for the five days Of
last week show increase of 1,05l over the
week previous, but $40 lighter than the same
week last year. but the foreign exports last week
only half large the same week in 1885, and
from Argentine the continues of the bear
ish nature The crop that will be harvested next
month is said to be not only large but quality
Is excellent. Australia and New Zealand will also
have wheat this year than last. and the
elevator stocks are much heavier everywhere than
last year at this time, investment buying is still
light. Wednesday Bradstreets report which de-
layed came in day late and showed increase in
the worlds visible last week of $50 900 bushels
whereas a decrease confidently expected. Trade
cables both from the United Kingdom and the Con-
tinent the speculative market sold on toward the
close. Fresh Argentine news was also very bearish
and the disposition TO hold back and do nothing
both by cash and speculative buyers. The market
q whole being the most quiet for long time.
in Chicago December deliveries sold down &c and
closed at the low point Of the day. Here the same
option dropped 1c from the high point of the day and
finished sc Of. The cash market under this bearIsh
little trading done about old prices. No .
hard 6d7c test, No. hard ~ acc and No.
4 hard 2isd4c BY sample track here at
Kansas City:
No. 2 hard. nominally 65Gs7c. l car 60 pounds at
SIC.
No. hard, car 57ls pounds mixed at sSisc car
Is pounds at SIC. car 5s pounds at 59I=c.
No. hard, car 50 pounds at 59c, 81 pounds
at 55c. cars Sc pounds at SEC.
Rejected hard, nominallv 50G56c.
No. . red. nominally 6sI7lc
No. red. nominaly 65G6sc.
No. red, i 5fis pounds at &c., / car 81
pounds al 59c.
No. spring. ! car GO pounds at s6I.c
Kansas City futures yesterday and the day before: