Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-12-07
WHEAT FIRM ON OPENING
WEAKENED on PREDICTION OF IN.
CREASE IN VISIBLE SUPPLY.
FFeer Country Offerings Sent Corn
Down the TobogEnn-Oats Could
Not Stand the Pressure and
Closed Lower.

CHICAGO. Dec. G.-wheat was firm carly to-day.
but weakened predicted increase in visible clos
ing &c under yesterday. Corn declined with wheat
and freer country offerings. closing Ease down.
Oats closed &c lower Provisions weakened with
corn and on proft-taking. closing :izc lower all
around.
The decrease in the visible was still bull COM
fort at the opening OF the wheat MARKET and further
cheer cana in reports O. small receipts. Mag. ac-
cordngly. tackled sc yesterdays closing price.
opening al ssNd6s3sc The Continent inquired for
the cereal. and another brace taken. May ad-
HanciIg to .od1ei.c. That mark proved TO be the
climax from its glory. The market easeG of bit on
proft-taking. and later turned weak when Brad
streets report put tie predicted decrease in the wish
Bile among the OF historg. ayeTring that. ia
stead. there would he increase Of l,SsoGO0 bush
els Recent purchasers let go in hurry. and May
closed at the bottom &C under yesterday 81. 40
tsi4c- Primary receipts were 1890 bushels, com
pared with l,isc.coo bushels year ago. The effect
of this decrease Was largely counteracted by the
shipments from the same points, s='.s0O bushels,
against los3.evo last year. Local receipts were only
- cars. Is Of contract grade. Minneapolis and Du-
luth reported 229 cars. against $40 last week and
Loo the corresponding day last year. seaboard
elearances in wheat ard -Four were equal to 5sG,oo4
bushels. New York reported 10 loads taken for e&-
.ort.
Corn was steady early the strength o. the wheat
market and light receipts being the influences. The
market weakened later, country acceptaaces of last
nights bids being somewhat freer. This, taken with
the weakness OF wheat WAS sufficient TO cause some
liquidation. and the price lost than double its
early gain. Primary receipts 4sS .eO bushels,
compared with sis bushels tie CORE spending day
last year. Local receipts Ice Clearanccs
liberal. and fair export business reported
81 the seabosrd. May opened : shade higher at
2.sSc ranged from ia dSs.c fsa 3s5-c closing
abe lower 2sss
Oats weTr STEADY at THE opening, but eased of
with wheat. There little life 10 The trade. The
shipping demand wss poor. cieararces We're light,
and local receipts only lis An increase OF
100000 bushels in the visible reported. May
opened hGc better at ease. but sold down c5:sc.
At which the market cl0ed. isai.c rnder yesterday.
Provisions we're Strongly bG: The weakness OF grain
and the active pioft-aking turned The tide and the
close was easy ut prices under yesterdays close.
The Initial strength due principally hog
teipts considerably under last years. but this al
vantage E9s offset later by less pressing demand
from outside and the anxiety to realize the
advance. Packers sold product. traders buying on
the decline. May pork sold from s9.s2is 10 1885,
closing el.c under yesterday S9.Sai:: May lard
S5.is.. s5s.= f5.55. and finished eI-c undo,
s5.i1ls and May ribs from S5.e1is s5S5 closing
.I=C down at s5.sII..
Estimated receipts tomorrow: Wheat. - cars;
corn. ei0 cars; oats. 40 hogs, IS 900 head.