The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-11-20
FURRY N CORN.
Fear of a Corner Causes an
Advance of 3 3-4 Cents.
WORLDS VISIBLE FIGURES
Caused a Rather Strong Wheat
Market to Lower Close,
WORLDS VISIBLE FIGURES

chicago nov 1Js-4uc 4Ed~LAA- "a ~
days market was the furry in Noyem-
Der corn. The fear Of corner in that
option caused an advance at one time
of &c. The close was ~ 11sc advance.
Leading futures in wheat and corn,
though opening firm, were later affected
by big increase in the visible supply
and closed weak, December wheat 5sc
lower and December corn sc lower. De-
cember oats declined 7sc. Provisions
were barely steady and closed unchanged
to 21zc higher
Wheat was active and strong for a
short time following the opening. Con
siderable strength was shown by Liver
pool, where no strength was looked for;
there was a decrease on passage, " III q
also was unlocked for, and weather con-
ditions were unfayorable, although this
now Is not much OF a factor. There
were also smaller worlds shipments than
expected. At the start there was far
buying by local professionals, with some
indications Of covering by Saturday
shorts, although this did not at any time
become prominent. Prices were Irregular
at the opening, but the market was
quickly steadied by the amount OF wheat
offered by commission houses, and Tor
some time the market held about the top
of the opening range. When the world
visible figures were posted, however The
market quickly turned weak, and for
the rest of the session the trend Of
prices was downward, support toward he
end being almost entirely Withdrawn
from the market. The visible showed an
increase of ], S580 900 bushels. On the de-
cline, early buyers offered freely, but
found considerable difficulty in dispos-
ing of their wheat Northwest receipts
were $50 cars, against SIS last week, and
1226 & year ago Chicago receipts were
IS cars, ono of contract grade. Total
primary receipts were 1,312G00 bushels.
Seabosrd clearances of wheat and -four
amounted to $4,000 bushels December
wheat opened at 7l$sG1Ac, compared
with Saturdays closing price of alsc. 1t
sold at 7lhc, then declined irregulariy 10
7014c, where it closed
Corn was Irregular, active for Novem-
Der and rather dull for the other months
The opening in all options was firm with
wheat and on the unfayorable weather.
Shortly after the opening a jump Of
nearly cents took place in November,
due to fears of a squeeze, shorts scram-
bling for the infrequent offerings. Corn
came out freely at the top, however,
the leading selling being the Spectator
who is said 10 control the situation ana
prices declined rapidly. December, after
showing firmness for a time, declined on
the heavy visible increase, and in sym
patty with wheat, and closed weak and
lower. Receipts were 469 cars. Deem
Der ranged from 357s036 to 35isc and
closed 1sc lower at 35iA035l4c
Oats were dull throughout Early some
strength was shown with other grain
markets and with the unfavorabie
weather. but easiness developed in De-
cember late as wheat and corn declined.
Receipts were 124 cars December ranged
from 22ls to 212t G227sc. and closed &c
lower, at %021Hc. November closed
at 221zc. an advance Of &c
Provisions were dun throughout, but
showed some strength early in spite Of
the lower yard prices and heavy re-
ceipts This was due mostly to sympa-
thy with the grain markets. Packers
were not in the market. and little out
side interest was shown. The range Of
prices was narrow. January pork closed
PIC higher, at s1f.821a; January lard un-
changed, at Sc s., and January ribs PC
higher. at S6.25
Estimated receipts Tuesday: Wheat,
ia cars; corn, 900; oats, go; hogs, 1900
head.