The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-20
GRAINS WERE SIEAD|ER
Heavy Wheat Trading Count
eractS Weakening Influence.
WHEAT CLOSES LOWER
Corn and 0at Market Both
Close Higher
7 CLOSES LOWER

Chicago. Nov. 1s.-Heavy trading in
wheat counteracted the weakening influ-
ences of strongly bearish statistics. and
steadied other grains today. December
wheat closed &c lower, December corn a
shade higher, and December oats &c
higher. Provisions closed 121k TO Is TO
3Oc higher.
Wheat cables were lower in sympathy
with yesterdays decline here and as q re-
suit December opened a shade to &c
depressed, at 71s44717sc TO 715sc. Re
ceipts, both Northwestern and primary
were large, the increase in the world $
visible supply as reported by Bradstreet's
was 10,170,o00 bushels, against last year 5
increase Of 1900 bushels. 1t was re-
ported that Duluth would send 100000
bushels to this market shortly. Clear
ances were very small and the early de-
nand was small. All these factors de-
pressed the market. December soon sold
down TO 71Kc, but at this figure and
around 75c for May buyers sprang up in
great numbers. Liquidation had been
liberal early, but soon the trade developed
TO greater proportions than for months
passed. This offset the bearish statistics
and brought a stronger undertone to the
pit, though in general bulls were some
what distrustful.
The cash situation sagged materially in
favor of options. Local receipts were III
cars. Minneapolis and Duluth reported
1,25S cars, making a Total for the three
principals of 1853 bushels. against 563,-
600 bushels last year. Seaboard clear
ances in wheat and -four equalled only
10000 bus hels. TIE seaboaTd reported
II loads taken for export.
Trade in the corn pit was an Indifferent
affair, easy in tone and following closely
after wheat Most of the supplies were
local and stocks We're reported as de-
creasing. The shipment situation was de-
PRESSED, yet the outside markets were
buying at higher prices than Chicago,
and though the weather favored shipment
estimates of receipts were small. There
was a fair demand at times that sug
gested operations by the provision crowd.
This was spasmodlc. however and large
~ sympathetic with wheat, December,
which started a shade TO 1sG14c lower on
early Oppressive cables. declined still fur
Their to $3.50 on liquidation. Toward the
close it reacted and steadied, closing a
shade higher at 59&sc. Receipts were 19l
cars
Oats opened slow and lower in sympa-
thy with other grains. The trade
throughout the greater part of the ses-
sion was dull, though toward the close
the cash demand improved and there
was some buying by commission houses.
The selling was scattered. December
sold between 1915 and 397sc and closed
firm. 18c higher. at the latter figure. Re
ceipts were $40 cars.
Provisions opened slightly higher on a
good hog market, and quickly gained a
frmer tone than it has had for some
time. Shorts covered freely and there
was a fair element of investment buying
and a better cash market. January pork,
nv cir
higher. at $3.50; January lard 17i2c up,
at $S.771a, and January ribs 12l2a15c ad-
vanced, at $751;.
Estimated receipts for tomorrow:
Wheat. so cars; corn, 50 cars; oats, leo
cars; hogs, 1900 head.