The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-11-16
The Chicago Market

Chlcag0, NOV. ia strong DulliSn leei-
ing prevailed in the grain markets today
as the result of a continued heavy de-
mand in the coarser grains. December
wheat closed y higher December corn
5s6A up and December oats ssQl9 higher.
Provisions closed a shade lower to 21a
higher
Corn traders ignored heavy European
situation as indicated by lower cables at
the opening, and started December I'M
changed to Ahigher at 59A to SOS. The
rapidly growing strength that has mani
tested itself lately in this pit began to
dominate the whole board. New arrivals
were in demand and the presence of
Kansas City grainmen here bidding for
the carload offerings for shipment to
Kansas and Oklahoma added weight to
the bull argument. New corn was bid for
far beyond the supplies at hand, number
4 bringing 50 to 60 and number 8, 60 to 81.
Bidding at river points also was on the
basis of 2Ac. a bushel over Chicago for
May. With all these influences to bear
on the situation, December advanced
quickly to 6O4. At this price, however
profit taking was popular and prices
eased off somewhat. The greater part or
the early trade was by commission houses,
though professionals soon became buyers
Shorts seem practically to have quit the
market. Toward the end of the session
the demand sprang up again, and Decem-
Der closed strong, 5sq& up, at 6O19Q7s.
Undoubtedly the greatest support TO
wheat was Ile strongly DuillSli ACAhNliNS
of the corn and oats markets. Wheat
opened strong considering the weaker ca
BILE news, large receipts and only fair
sized clearances. Early offerings We're
light the outside markets were bullish,
and December which started unchanged
at 721s to TN, quickly sold UP to 72%. High
prices resulted in considerable liquida-
ton. but the market stood it well. Later
reports, indicating poorer condition OF
the winter crop, and expressing lear that
f,-11 tI,a,- HV1A
weak to live, brought another advance,
December closing firm, y up, at 725s4%.
Seaboard clearances in wheat and hour
were 521 900 bushels. Argentine shipments
here decreased materially, this week s re-
port indicating $4,000 bushels, against 49,
900 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 cornad-
vance. December opened B lower, but
quickly recovered on active buying and
short demand. Before noon prices had
passed yesterdays high mark, May sell
ing at 4l9s, the highest price in seven
years. Selling was scattered until high
prices influenced profit taking. December
sold between 39A and 4O1s, and closed
firm, 3sd1a cents higher, at 40AG9s.
Provisions were quiet, with an easy
tone and a fairly steady market. FRO
ceeds were lower early on lower prices
for hogs, but later the large run of hold
ings was readily taken by packers, and a
small demand for futures brought slight
advance. January pork closed 212 cents
up at 10 90 January lard shade lower at
S.525a and January ribs shade lower at
1874.
The leading futures closed as follows
Wheat-November, 72ls; December, 72s
as; May, 1873.
Corn-November, $685. December, 5000
"a May, 63l5.
oats-December. 4Ol4G9s; May, Hlkd7s.
Pork, January, 100; May, 1920.
Lard-January, S.5215; May, S.67lz.
Short ribs-May, 7.S212.