The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-12-20
NHEAT HAS 4 rally.
Corn and Oats Show Slight
Falling Off,
PROVISIONS WERE ACTIVE
Small Hog Receipts Make a
Good Demand.
PROVISIONS WERE ACTIVE

Chicago. Dec. 19.-Wheat was easy
early today, but rallied later on bullish
Argentine advices, firm continental mar
kets and a better cash demand, May
closing AQ2sc over yesterday. Corn
closed unchanged to &c lower, oats was
&c lower and provisions 10 to I715q2oc up.
Estimated receipts tomorrow: Wheat.
Is2 cars: corn, 40 cars; oats, 1S5 cars;
hogs, $1,000 head.
WHEAT.
Figures which later proved to be in
correct. but which before the mistake
was corrected made Minneapolis receipts
discouragingly heavy together with the
prospective increase of northwest stocks,
gave the wheat market a push downward
at the start. May opened unchanged to
&c lower at 723sQ721zc, and soon sold
off to TIC. Early Argentine news, TOO,
was rather bearlsh. and when bullish
news from the same quarter was re-
ceived and Minneapolis figures were cor
rected, making receipts at that point 322
cars instead of Al, shorts began bid
ding. A private Argentine cabs declared
that rain was interfering with harvest
ing, and a Hamburg wire said the intt-
mated Argentine surplus Of 100000
bushels was seven pounds short weight
per bushe1. A better cash demand " as
reported, and as this was in line with
the fact that this market has reached
an export basis with Liverpool, the adj
vance begun by the covering Of shorts
was continued with the result that the
market closed firm at the best price OF
the day. May closed 14q2sc over yester~
day, at 72Bd73c- New York reported 20
loads taken for export. Shipping busi-
ness here was curtailed by a scarcity Of
cars. Seaboard clearances in wheat and
-four were equal to $4,000 bushels. Pri-
mary receipts aggregated 715,000 bushels,
compared with $4,000 bushels last year
Minneapolis and Duluth reported $50
cars, against 434 last week and So a
year ago. Local receipts were 100 cars
none Of contract grade
CORN AND OATS.
Interest IN corn was centered IN the
January delivery, but at that the mar
ket was a dull and narrow one with
little business done at the extreme Of
price. January was strong and Decern-
Der steady, because the receipts, 437
cars, contained no contract corn. May
was steady In sympathy with the op-
tons mentioned, although its independ
ent tendency was easier because Of the
good weather and freer country offer
Ll5S- kollPRE6S SOU kllDN1I ctLtlJ d. the
opeLing against country acceptances.
May sold between $685. and $3.50 and
closed unchanged at 1910: January be-
tween $685. and 877G Q373sc, closing 1sQHc
up at SIC. and December between 4034
and 411zc and closed nc up, at 41zc.
Oats were, as usual, extremely dull.
May sold between 231zd2355c and G3sic,
and closed a shade lower at 255sdE3szc.
Freer country offerings led to some
local selling.
PROVISIONS.
Provisions were strong and fairly ac-
tive Hog receipts were smaller than
had been expected and there was good
cash demand. January pork sold be-
tween $12. Is and $12.2715 and closed 1-1zQ
zoe higher, at SO 25d12 .271a; January lard
between 1882 and S5.8715d6.9O, closing
&c up, at $6-S715, and January ribs be
tween S6.2 and s632l5, with the close
~ cents better. at $3.50.