The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-12-07
GRAINS GI|NG DOWN
Trade on Board Is Compare
lively Dull Friday.
LOWER PRICES ALL ROUND
At Opening but Revival Saves
the Close.

Chicago. Dec. e.-Trade on the board
was comparatively dun today. after yes
terdays builish enthusiasm. Proht-tak-
ing and early bearish conditions led to
lower prices all around. but fairly
strong revival Of buying brought a reac-
ton, and December and May wheat
closed each 34Gasc up, December corn
unchanged, May corn a shade higher.
and May oats sc higher Provisions
closed unchanged to TzG1Oc higher.
Wheat started in with a small demand
which was taken TO indicate a continue
ton OF the bull movement. This brought
good advances at the opening, but profit
taking. dull trade, poor cables and out
side declines brought a sharp slump.
Late in the day strength at st. Louis
and buying orders from the southwest
started general buying again. During
the last twenty minutes OF trade prices
jumped forward and backward 1ac-
Though ali the advances were not held,
the close Of the pit was very firm. De-
cember opened CSC up, IT 761<c, sagged
of to 73sSc, reacted and closed firm, =
cents mp, at 757sG76c. May opened 1zG3sc
up, at s0GS0tsc, sold 10 s0iEc, fell to 792sc,
reacted and closed firm, 14d2sc up, al
797kGS0c. Local receipts were IS cars, one
of contract grade; Minneapolis and Du-
luth reported 754 cars. making total for
the three points OF 500 cars. against last
weeks two days. 1913 cars, and % the
year before. Primary receipts were l.165.
OO0 bushels. compared with $4,000 a year
ago. Seaboard ciearances in wheat and
-four were $4,000 bushels. Argentine
shipments were 5000 bushels, against s.
900 bushels last week.
Corn was moderately steady, trading
being narrow and comparatively limited
to local interests. There was a lack Of
outside support such as has been present
for several days. and fears Of an in
creased country movement and slack
ened shipping demand induced many
holders 70 realize Ia anticipation Of a set
back from top prices. Gables were slow,
the cash demand nothing excessive, yet
prices opened well up. The slight early
demand, however, sagged, and with 1t
came a slump in prices. Toward the
close wheat strength helped materially,
but the closing figures were only steady.
December opened 1sQHc higher. sagged
1kc, reacted and closed unchanged at GA
May opened a shade TO Ease up, lost &c,
reacted and closed steady, a shade higher
at e7s4c Receipts were 100 cars.
Oats had a comparatively small trade
over a narrow range, with almost fea-
tureless operations. Prices opened
slightly higher on a fair commission
house demand which, however, fell OF
early, and with it prices. Receipts were
small and samples were pretty well
cleaned up There was no evidence of
any great disposition on the part of big
holders to take profits. Late in the day
the commission house demand sprang up
again. partly induced by lower prices,
and there was a fair reaction. May open
ed sc up, advanced to 455sG sc, lost TO
SIC, but closed firm, sc higher, at 45s4e-
Receipts, "a cars.
Provisions We're dull and steady, ruling
higher early, easy later, and recover
ing toward the close with the firm IN
dertone Realizing for the country &C
count was the early influence; light re-
ceipts Of hogs, the bun incentive. Janu-
airy pork closed ~ TO 1oc higher, at
SIS 67Isa16 10; January lard PIC up. at
50. ~, and January ribs unchanged at
S. 50.
Estimated receipts for tomorrow:
Wheat, 60 cars; corn. 1s5 cars; oats, 195
cars; hogs, 26o00 head.