The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-12-29
BULLS FA||A GONE
Moderate Liquidation Takes
Place in Grain Pits.
DAYS CLOSE Is LOWER
May Wheat Opens Higher
but Comes Down.

Chicago. Dec. 2s.-May wheat today
closed sc lower. accommodations a. pri-
mary points. together with other hearish
gossip, influencing moderate liquidation.
May corn closed sc down and MAY oats
&c lower. Provisions. closed with a loss
of 2lka5c.
May wheat opened ssG1zc higher. ut SOS
! GS212c, and quickly sold to s25sc under
the unexpected help of Liverpool cables.
which showed an advance in the face Of
/ the weakness on this side yesterday.
/ For Il time prices held steady on a fafr
amount of local buying. Reports show
! ing that stocks were accommodating at
primary points gave rise to the natural
/ expectation of big visible report Mon
! day, this serving 10 weaken bull conf
/ dence somewhat. The feelings Of holders
were further molested by the decline in
Liverpool spot wheat, which made the
advance in futures at that market look
like evidence of manipulation from this
side. A statement that the rise in fu-
lures there was due to small receipts
snd light Australian shipments availed
naught in the face of repeated allega-
tons of there being no export demand at
the seaboard. At SIC the support which
recently has been forthcoming for May
by local operators failed to appear. and
as there were numerous stop-loss order at
that figure, The market broke sharply TO
S1A0s1ssc. and closed weak, sc under
yesterday, at s12sc. Local receipts were
q cars. none of contract grade; Mime
apolis and Duluth reported 44S cars. max
inc
against 54s last week and 3ls a year ago.
Primary receipts were $4,000 bushels.
against 445O0O bushels last year Sea
board clearances were $4,000 bushels.
The corn market ruled firm during the
first part of the session because of light
country offerings, small receipts and the
frmness existing in wheat. Reported
buying for the country account gave rise
10 a bullish sentiment among local
traders, and at IT'S best May sold at $3.50.
The break in wheat was sufficient TO
cause a change of heart, and much corn
bought early. was unIoaded at loss later
May sold between 667s and 66c, and closed
weak. sc down, at 66lsd6614c. Receipts
were 81 cars.
oats had only the scalping market
which has characterized the pit for the
past few days The market shared in the
early firmness, but readily weakened
when other grains declined. The fact that
some of yesterdays car lots were still on
the market was also influential in the
weakness. Deferred futures, especially
July aud September. received consider
able attention. May sold between $50
4555 and 447sc. and closed weak at 45c. Re-
ceipts were 116 cars.
Trade in provisions was light and
fluctuations narrow. Business was mostly
in lard The tone of the market was
steady. although profit-taking resulted in
a slight decline. Buying of January 10y
one house and selling of May by another
brought the prices of the two options
close to each other again. May pork
closed SC lower. at SIPS; May lard sc
down, at 10.071a and May ribs PIC de-
pressed. at sex.
Estimated receipts Monday: Wheat So
cars; corn. 1e5 cars; oats, 1S5 cars; hogs,
1900 head.