The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-19
WHEAT RULES HEAk
Bearish Conditions Prevail in
Grain Pits,
CLOSE Is SOME LOWER
Provisions in Face of Decline
Improve Somewhat

Chicago. Nov. B.-Bearish statistics
and general bearish conditions prevailed
in al grains today and December wheat
| closed zsQzc lower, December corn "a
sc down. and December oats 11Gesc
lower. Provisions closed 7zis01O to pc
/ higher.
/ Wheat ruled weak throughout the ses-
/ sion. Early cable advices were discour-
ging, though they were based, IL was
{ thought. on the decline here Saturday
Receipts. both primary and northwest
arn, were heavy and the week end sta
.istics OF shipments on passage and Wis
ibIe supply were all considerably in
creased and bearish. Heavy liquidation
at once set in, based principally on the
2.716o10 bushels increase in the world 5
visible supply. December. which opened
a shade 10 i4dsc lower. fuctuated mar
rowly for q time, fighting the decline, but
after a few buying orders were filed,
December sagged rapidly 10 7lssc- The
weakness in the coarser grains had q
depressing influence, but AT the lower
prices. shorts covered freely and sent
December up slightly. The close was
weak, MQ1zc lower. at T17sc. Considering
the volume OF bearish ammunition nred
at this pit TO-DAY, traders feel that il
held we'll Local receipts were 63 cars,
one OF contract grade Minneapolis and
Duluth reported J. AZ cars, making to-
tai for the three points OF 1,zl5 cars,
against I337 last week and s5l year
ago. Primary receipts were $4,000 bush
els. compared with 1,3l2.00 bushels last
year. Sea board clearances in wheat and
-four equalled $500 bushels World
shipments were $4,000 bushels for the
week. compared with So. 90 bushels last
week and 7.774oo9 bushels for the cor
responding week a year ago. The in
crease Of breadstuffs on passage was
1925. GO bushels.
Liquidation was the feature OF the corn
PR. Commission houses generally had
orders 10 sell, and the demand was slack.
The cash situation was not so active As II
was last week. and the bull side of the
market seemed TO have lost its popular
ity. Country offerings were small, but II
was reported that more new corn was
coming forward, especially from Iowa
on the soft spots bulls did some buy
ing. but on the whole the market ruled
weak December, which opened is114c
lower on poor cables. sold between 50
and 69c and closed weak, 14I2sc down.
a 59ss1592sc. Receipts were I12 cars.
Oats were heavy on liquidation. Re
ceipts were large. nearly 100 cars in ex-
cess OF estimates. The country offer
ings also were heavy. the eastern de-
mand slack, and buyers generally holding
of. Some long oats were put on the
market by prominent professionals.
though there seemed 10 be no concert
ed pressure. December opened 14Q2sc TO
a.dlzc lower, sold OF 10 3S7sa39c. and
closed weak. 14G&c lower at 392sc. Re
ceipts, SO cars
Provisions improved somewhat. advanc-
ing fairly in face Of the grain weakness
Prices opened steady. but or a fair coun-
tr-r- 4a-r~qrrH for r,nrf- starting shorts ID
covering. and on the light weight in hog
market today the close was firm. Janu-
airy pork closed 2oc higher. at Sl5.10; Janu-
airy lard Ice up, at $50 and January
ribs n 10 l0c higher, at s7.72l5G7 70.
Estimated receipts for tomorrow:
Wheat. 105 cars; corn. 30 cars; oats. 80
cars; hogs, $500 head.