Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-01-01
SMALL CHANGES IN PRICES
LAST SESSION OF YEAR MARKED By
MODERATE ACTIVITY.
Wheat Advanced 1-4c, Corn Declined
LIE, Oats Closed IL Shade Lower
md Provisions Were Ir-
regular in Price.

CHICAGO. Dec. 31.-The last session Of
1895 on change was marked by moderate
activity in all markets. with comparatively
insignificant changes in prices. Heavy
outside buying and prospects Of a good
visible decrease advanced wheat 1s4Ac.
Corn, on the other hand, declined &c.
Oats closed a shade lower. Provisions
were irregular. lard advancing nc, while
pork closed a shade lower and ribs a
shade higher.
Wheat opened easier at a small decline.
Liverpool paid no attention to the advance
here yesterday. but on the contrary show
ed a small decline, and this apathy on the
part of the English market affected local
traders to some extent. May opened 40
sc lower, at 1AQI1ssc. Very little wheat
could be bought at those figures, however,
and the market soon developed a better
feeling. About forty-five minutes from
the opening large outside buying orders
were received. st. Louis being particularly
prominent in the demand, and this buying
induced considerable covering by local
shorts, the result being a quick advance
in the May price to 72Ac. Another period
Of reaction followed. There was more or
less liquidation by traders who did not
wish to hold wheat over the holidays. and
realizing on wheat showing good profits.
This was heavy enough to force the price
back to i124c, where it held for Il time
with a small amount of trading done.
About IL o'clock prospects of a large de-
crease in the visible supply Tuesday in
creased the buying demand to some extent
and advanced May TO &c, again. But the
general tendency TO go home with 4 clean
slate was too strong among traders. and
selling during the last half hour slowly
forced the price back. ATLANTIC port clear
ances were fairly large. $4,000 bushels.
Minneapolis and Duluth receipts were 500
cars. Chicago receipts were 154 cars, eight
ed the Argentine surplus to 100000 BUSH
els, but said not more than @,00,GN BUSH
els of this would reach Europe before July
]. Continental, markets were firm. May
finally declined TO .lAI,lssc' and was
Corn was relatively heavy. The market
showed some firmness early with wheat,
but later reacted and closed at a slight
decline. Lower cables and cold weather.
the latter suggesting larger receipts, oe-
pressed the market. Long corn was for
sale all day. About 10000 bushels We're sold
here for export: Receipts were SAL, cars.
It was a good deal of a scalping market.
May ranged from SIsdSSc to SSl2c. and
closed &c lower. at 3Slsc.
The market for oats was slow. There
was little doing beyond a scattered scalp
ing business, and prices We're influenced
almost entirely by the notion of corn.
were 22 cars. May ranged from 2S!!sc to
2SaSc, and closed a shade lower, at 2SlbD
2SIc.
Provisions were fairly active. Lard was
again the leader, there being a good de-
mand for that product all day. Some local
bulls took profits. but the demand was
sufficient to absorb all offerings and prices
were well maintained. At the close May
Nav lard TIC higher. at $3.50, and May ribs
a shade higher. at S5.22l2
TINA receipts Monday: Wheat, 125;
corn. 4.5: oats. 90 cars: hogs. 1900 head.