The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-12-19
IT WIS KING CORN
No Other Grains Were in 1t
at Chicago Yesterday
WHEAT MARKET WAS WEAK
Too Many Hogs at Chicago
Made Provisions Weak.
WHEAT MARKET WAS WEAK

Chicago, Dec. 18.-It was corn first and
the other grain and provisions markets
nowhere today. December corn under
active bidding by shorts was forced up
another nc, while January shorts also
showed nervousness, that option closing
at an advance of &c. December closed
unchanged. Wheat was weakened by IA
vorable Argentine crop conditions and a
large exportable surplus and declined sc.
Oats closed a shade higher. Provisions
declined "a to nc.
Estimated receipts tomorrow: Wheat,
100 cars; corn, $50 cars; oats, 165 cars;
hogs, 1900 head
Corn started with a rush that appar-
emily indicated considerable alarm
among shorts. With stocks Of contract
stuff already low, there was not a single
case Of contract corn among the 73S that
were inspected in today, and shorts who
have heretofore been holding off in the
expectation Of a reaction We're driven in.
January shorts for the first time showed
nervousness and the price of that option
advanced quite rapidly for a time under
active bidding. May alone dragged, al
though there was a fair demand for that
future. Starting at 400401zc, an advance
of 1ad1c. December corn jumped 10 41c
in the first few minutes trading, while
January, opening unchanged at 36ls9s64,
advanced to $3.50. After the first furry
was over, trade quoted somewhat, but
near the close the market again showed
considerable strength. Shorts renewed
their attempts to cover, December ad-
vanced to 41c and closed at that price.
- ~1r
S634 d3675c There was quite free selling
of May by elevator people whenever
that option hardened. May ranged from
S61sc to 3614 assoc, and closed unchanged
at 36Ac The worlds visible decreased
768, 900 bushels.
WHEAT.
Wheat opened steady at a slightAaG-
vance. Higher quotations from Liver
pool gave the market a firm undertone,
though little improvement in the volume
of trade resulted. For some time the
market held steady within an exceeding
ly narrow range on small featureless
trade, but before noon marked weakness
developed. Argentine cables told of a
large acreage in that country and also
reported a large expOrtable surplus.
Primary receipts were heavy and a con
tinued free movement toward primary
points was reported. A worlds visible
increase of 1889 COO bushels added to the
depression, and some Of the most prom
inent bulls were sellers late in the ses-
sion. May opened shade higher at
1874 d739sc and declined to 7215c and closed
at 72&c. Northwest receipts were 4S1
cars. against $50 last week and 273 q
year ago. Chicago receipts were %
cars, none Of contract grade Total pri-
mary receipts were 77S,00O bushels. Sea-
board clearances of wheat and -four were
SO, 900 bushels.
OATS AND PROVISIONS.
Oats were featureless, but strong with
corn Receipts were 331 cars May
ranged from 235s 6232lc and closed
shade higher at 232tc
Provisions were dull and weak. There
was too many hogs received at the
yards to suit traders, and prices suf-
Tered, The cash business was slow and
stocks showed rapid accommodations De
cember closed TIC lower at SO or; Jan
1ary lard PIC lower at s. S21z; and Jan
1ary ribs PIC lower. at s6.Zh