The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-11-22
CORN IS GIIRNERED
Options on November Were
Bid Up 3 "a Cents.
WHEAT HELPED A LITTLE
Provisions Steady With a Good
Cash Demand,
WHEAT HELPED A LITTLE

Chicago, Nov z.-Corn was again the
big market on the board of trade today.
It was more apparent than ever that
November corn was cornered and that
option was bid up &c. closing that much
higher. December closed sc higher.
Wheat was helped little by the corn
strength. local buying causing an ad-
vance Of 1zc at the close. Oats closed a
shade lower and provisions unchanged TO
TIC higher.
Though opening fractonally lower,
wheat did not show any particular
weakness during the first few minutes
trading, in spite Of the improved wealth
er conditions, firm cables sustaining
prices. There was. however, an almost
total absence Of buying orders. Local
traders were not in the market and out
side support, II any was Intended, was
prevented BY the demoralized condition
Of the telegraph service due TO the storm.
This fact was at once taken advantages
Of by local bears, who for a time raided
the market vigorously and hammered the
price Of December down half q cent be-
fore support was given December open
ed 1sc lower, at 7024070zsc It sold for
moment at Tic, then dropped to 70lkc, but
started, the demand continuing until the
price had advanced TO 71Hc. That buying
apparently cleared up the short inter
est, as prices again sagged, with sellers
in a large majority, but toward the close
the strength of corn and renewed local
buying again sent prices upward. The
best price was reached shortly before
the close, December touching TIC. The
close was firm at 71ss67112c. Northwest
ern receipts were 464 cars, against 391
last week and 61S a year ago. Chicago
receipts were 101 cars, one Of contract
grade Total primary receipts were 775-
900. An excellent cash inquiry was re-
ported, both from domestic millers and
eastern exporters.
The corn pit was full all day. Prices
were firm at the opening, notwithstand-
ing the favorable weather which gave
rise to hopes of a freer country move
ment The crowd evidently though well
of the prospect and became free sellers
Of both May and December. In the
meantime November, which showed an
opening advance Of cent, declined to
411kc, &c above yesterdays closing price.
From that point it advanced 15o at q
time under bidding by scared shorts un-
til 45c Had been reached. December
turned upward, shorts being driven IN
by buying the interests controlling the
November deal and during the latter part
of the session the market showed great
strength. Noyember closed at &c an adj
vance Of SIC. December ranged from SO
10 $40 and closed &c higher, at 35%c.
Receipts were 34s cars, only "A Of which
were contract grade.
Oats were extremely dull all day with
trading mostly in the way Of changing
from December TO Nav at slight
widening of the spread. The market was
fairly steady, helped by the corn
strength. but closed at a slight recess
sion. Receipts were light. s. cars De
cember ranged from 21sl TO 217s023c and
closed a shade lower at 2l%621Ac
Provisions were dull, but steady. There
was a good cash demand for products Of
aTl kinds, and this and the strength Of
wheat and corn sustained speculative fu-
lures At the close January pork was
nc. higher at 1925 January lard un-
changed at Sc s7ia. and January ribs a
shade higher. at Sc. 32ik
Estimated receipts Thursday: Wheat,
1s5 cars; corn, $50; oats, rs; hogs. 5000
head.