The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-16
Bull Day N GRAINS
Continued Heavy Demand
Brings Price Up.
CLOSE IS MUCH HIGHER
Corn Opens Strong in Face of
Heavy Cables.

Chicago, Nov. ia strong. bullish
feeling prevailed in the grain markets to-
day as the result of a continued heavy
| demand in the coarse grains. December
wheat closed &c higher. December corn
ss0s4c up, and December oats SAFE
higher.
Corn traders ignored a heavy European
situation as indicated by lower cables at
the opening, and started December IN
changed to &c higher. at 5s7sG60Ac. The
rapidly growing strength that has man
ifested itself lately in this pit began. 70
dominate the whole board. New arrivals
were in great demand and the presence
! of Kansas City grain men here bidding
for the car load offerings for shipment
TO Kansas and Oklahoma was a dead
weight TO the bull argument. New corn
was bid for far beyond the supplies at
hand. No. 2 bringing SO to 60c, and No. 3.
I 50 to Gle. Bidding at river points also
was on the basis of PIC a bushel over
Chicago for May. With all these infiu-
ences to bear on the situation, Deem
Der advanced quickly 10 60S<c. At this
price, however, profit-takng was popular
and prices eased of somewhat. The
greater part Of the early trade was by
soon became buyers. Shorts seem prac-
tically TO have quit the market Toward
the end Of the session the demand sprang
up again and December closed strong, s
G&c up at 601RQ60ssc. Receipts were 81
cars. Undoubtedly the greatest support
TO wheat was the strongly bullish tend
ency Of the corn and oats markets
Wheat opened strong considering the
weaker cable list, large receipts and only
- in ss7 oil. moo of n 1e
were light. the outside markets were
bullish and December, which started I'M
changed ct FPS to PIC, quickly sold up
TO 72asc. High prices resulted in consid-
cradle liquidation, but the market stood
il well Later reports indicating q poor
condition of the winter crop and eX-
pressing fear that freezing weather would
find the grain too weak 10 live, brought
another advance, December closing firm.
nc up, at 72ssQ72s4c. Local receipts were
y cars, six of contract grade. Mime
apolis and Duluth reported $40 cars. max
ing a total for the three points OF $50,
against S23 last week and 625 a year ago.
Primary receipts were 1.137. 900 bushels,
compared with 697 900 bushels last year.
Seaboard clearances in wheat and flour
were $4,000. Argentine shipments had
decreased materially, this weeks report
indicating 5000, against $4,000 bushels
last week.
The bull factors in oats were the same
as they have been for the last two days.
a strong cash market and the corn adj
vance. December opened sc lower. but
quickly recovered on active buying and
a short demand. Before noon prices had
passed yesterdays high market, May
selling at 41ssc. the highest price in
seven years. Selling was scattered until
high prices Influenced proht-taking. De-
cember sold between 392 and z01zc, and
closed firm. sc higher, at 4ol4G402sc. Re
ceipts, 1913 cars.
Provisions were quiet. with an easy
tone and fairly steady market. Prices
were lower early on lower prices for hogs,
but later the large run Of hogs was
readily taken by packers, and a small de-
mand for futures brought a slight adj
vance. January pork closed PIC up. at
$500; January lard shade lower. at
S .521s. and January ribs shade lower.
at S767lz.
Estimated receipts for tomorrow:
Wheat. 20 cars; corn. 10 cars; oats, 2l5
cars; hogs, p, 900 head.