The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-12-30
MARKET WIS ACTIVE
Wheat Buoyant Under Stimu-
luS of Better Cables.
CORN ACTIVE AND FIRM
Provisions Advance in Sym
pathy With Wheat,

Chicago, Dec. zs.-Wheat was a buoy
ant market today under the stimulus of
light northwest receipts and stubborn
cables, May closing 1zsQ2c over yester-
day. Other markets rallied in sympa thy,
corn closing 4za5sc, oats Bq44c. and pro-
visions 24zql212c higher
WHEAT.
For two and one-half active, strenuous
hours, the usual duration Of the Satur-
! day session of the board of trade, wheat
| displayed an effervescent spirit. During
! the first hour there was more speculative
! business than during the whole session
Of any other day this week. The FIRST
! symptoms Of buoyancy and strength
brought back from the allurng stock
market many deserters from the grain
! pit. May wheat opened unchanged at
/ 73Ac, but quickly responded to buying
orders from all sides of the pit. May
advanced, growing more active as It
/ SCARED, tin 755sc was bid over 74c Of
ferings were bit freer. but they quick
/ iy ceased when the breadth Of the de-
mand became apparent, and not until
the price was well over 75c did the sell
ing pressure assume sufficient weight to
affect prices. From the top May eased
off to 749<c, but here the clamor OF shorts
I
May closing 1909 over yesterday at
755sQ7514c. The foundation of the mar
ket's strength lay in the recent stub
Dornness of foreign markets, and, to a
greater degree in the falling off in
Northwestern receipts. The weeks re-
ceipts at Minneapolis, Duluth and Chi
cago aggregated 1877 cars, 1025 cars less
than the previous week and 1907 cars
under the receipts at these points the
H. 1,-Tr
receipts were 316 cars, against 640 last
week and al a year ago. OF these Chi
cago reported 125 cars, Il Of contract
grade. These figures served as a basis
for the assertion that Northwestern re-
ceipts had at last entered upon a pro-
longed reduction which would finally
substantiate the government report that
less than 85.O000,000 bushels had been
raised in the three great spring wheat
states of the northwest. Primary re
ceipts were 10000 bushels, compared
with $4,000 bushels a year ago. Export
ers reported . loads taken. Seaboard
clearances in wheat and -four were equal
to 10000 bushels.
CORN AND OATS.
Corn was fairly active and firm, but
owed most Of dts strength to the sub
stantial rise in wheat. Moderate re
ceipts. $40 cars here small country Of
ferings and a shipping demand which
continued in the face Of the advance /
were contributary factors. Some heavy
short lines were reported covered. or
at least substantially reduced May sold
between 361zc and $3.50 and closed 1sGEsc
higher, at 95s4 6367ac.
The oats market was waited upwards
by the favorable breeze which struck
wheat. The market at times was fairly
active under covering by shorts, but at
the close the important short lines were
intact. Receipts We're 215 cars May
sold between 29al6237sc and 241sc and
closed 1sQ14c uD at 24d241sc.
PROVISIONS.
Provisions were fairly active, opening
firm on light hog receipts and advancing
later in sympathy with the wheaI
strength January pork sold between /
So. 22112 and s12.30G12. 321s and closed PIC /
higher at So. Ply; January lard between |
$3.50 and $3.50, closing PFC up at $3.50;
and January ribs between 81. 90aS. 321k /
and s. .421a, with the close PFC improved,
at s. 42l5.
Estimated receipts Monday: Wheat. /
IS cars; corn, 465 cars; oats, go cars; /
hogs, go 600 head
There will be no session OF the board
on January l.