Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-01-08
sUccUMBs TO LARGE SALES
WHEAT WEAKENED BY PERSISTENT
SELLING AND HEAVY MARKETS.
Wheat Declined 1-sc, Corn Advanced
From 3-Sc to 1-2c, Oats Gained
1-4c, Pork Lost DC, Lar and
Ribs Improved 2 1-2c.

CHICAGO Jan. Z-Liquidation by outsid-
ers to-day, together with heavy foreign
markets, weakened wheat Under the in
fuence of immense exports for the week.
the market ruled strong the greater por-
ton of the session, but finally succumbed
to the persistent selling and May closed
&c lower. Corn advanced S@1ac, oats
gained Ac. pork lost &c, lard and ribs I'M
proved PIC each.
Wheat ave some signs Of revival at the
start, May opening 1sGAc higher at 701s0
7Ohc. The weeks shipments to foreign
countries were enormous. amounting in
wheat and flour to 6,S60,00I bushels, COM
pared with 3,S41,00 the corresponding week
q year ago. Bradstreet's made some bull
fish comparisons between the present mar
what VII s ii Was in former years. and the much
smaller stock now in store created a Ia
vorable Impression. Vast quantities OF long
and the market. in consequence was very
susceptible to bullish influence. Shorts
We're inclined to cover and May was bid
this time outside orders began tumbling
into the pit and as there was no indi.
viduality about the buying May sagged
quickly to ss3se q e Reseap eon heae WE'RE Mfnn ls
apolis and Duluth reported, 5lS carloads,
compared with sos the week before and
3. for the e9rrespondinEE day q year yea ago. ago:
from Atlantic ports were on a less heavy
scale, amounting to only 423. 900 bushels.
Continental markets were owe and Liver
pool showed I'D decline. TIL domestic Wis
ible supply last Monday was 27,0OO. 900 BUSH
els, against. 39,0 900 bushels a year ago
s an sb a g9oq M n,nea ee ss HAVING mss taken shese' efac &c
strensthened the market and. under its
s np to g5sa inlleene about May half sTaa anu hour Mo from
the close outside selling orders again be-
came numerous and as the ~weak-hearted
vantage h had gained, May was allowed
TO slip off to csc once more. In the last
few minutes trading there was a few slight
fluctuations, but May finally closed at 6S9s
Q0c. buyers
Light country offerings and a good ship
ping demand strengthened corn. Receipts
Seyn saf by local Ss1 bull bulls P prices aH We're awe We'll fs sus.
tanned throughout the session. May opened
1sc higher, weakened for a moment to 36hls
@Ss%e; then n. ADVANCED nr,cs to s. rBaSs, That Tn hf fIggnrs
of privileges resulted In q setback to SIC
sellers at the close.
A good cash demand an. light receipts
helped oats. Elevator interests bought free
ly and. with the exception of a slight dip
early on some commission houses selling,
1 aeil m mainsai Talfd f Mny opened ana Prices ae hi xsss
a7lso and closed at 27Ia27%c.
lquidation provisions opened weak. Larger
receipts at the yards was also a depress.
ing factor. At the decline there was a good
investment buying and prices rallied a lit
tie all around. May pork opened a shade
lower at s9.95d1o.00, declined to s9.s5. rallied
to slo.o21s and closed at 50: IS. May lard
began a triie down at S5.60d5. 621h. sold Of
TO SSH, then rose to s5.65, the closing
price. May ribs started unchanged at S5.0 90
eold at S5.o2lh. weakened to $4.s5. then firmet
up to $500 sellers. at the close.
Estimated receipts for Monday: Wheat
30 cars: corn, 700 cars: oats, I5 cars; hogs
$500.