The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-01-06
BULLS HAD A Day
Sentiment Ruled Chicago
Wheat Market
BIG BUSINESS WAS DONE
Pork and Ribs Were Strong
in Sympathy.
BIG BUSINESS WAS DONE

Chicago, Jan. 5.-The course Of wheat
today was ruled by sentiment, May clos
ing ease over yesterday. Corn closed
3sc and oats Sc higher May psrk closed
Csc. May lard III and May ribs 2]e IN
proved.
At the beginning and at the end of
the session in the wheat pit bulHshness
Of a decidedly strenuous order made the
market an exciting one, while the period
between these extremes was marked by
nervousness amounting TO speculative
ague- The market was almost entirely
creation of sentiment based on the
stock activity and rumors Of Wall street
interest in the local grain market. Rut
at that with the news legitima tely in
Huen1ial in determining prices eliminated.
May wheat doomed 70 the top price of
tAe present season May wheat opened
10 1e4c higher at ISL 10 Iqltc under
neaVy buying pressure WhereWith rum0r
connected the name Of James D. Keene
the New York stock operator. An enor-
nous business was transacted the first
ten minutes, longs catering 10 the nun
Sry mouths opened 10 them with such
lIperahly shat the price of Nav drODned
PACK 20 tb@sc- Trade became more Quier.
MAY Idiled 70 use but dropped back
again. offerings were light but prices
we're gradually worked up again TO &c.
Al tAIs marx more orofit-taking, to-
sether with some snort selling was at
tempted Meanwhile commission houses
had received more buying orders. The
readiness with which offerings disappear
cd INTO this quarter alarmed the snort
interest and in a sharp burst of actfvir-
10 ls1sc, followed this bulge but the
market was aggreSStVely strong and the
close was l@taltsc higher at 49,, Q799sc.
Cdsh DDS were out OF line with the adj
vance and no business was ACCOMPLISH
e1 Seaboard clearances In wheat and
uour were equal TO al. 900 bushels Pri-
nary receipts aggregated 10000 BUSH
els, compared with $4,000 bushels last
year. minneapolis and Duluth reported
5U cars, against I91 last week and 450
year ago Local receipts were IS cars.
j or contract grade. Liverpool did not
respond TO the advance here yesterday.
II was predicted that world shipments
Would aggregate $500 coo bushels about
1000 49, bushels under the previous week
ne Dull fever spread to corn. as il Gid
70 other IeadinS specu iattve markets
lne market. however. showed independ-
enI strength based on the continued
ltghI receipts and poor grading dens te
the perfection OF the weath for moving
the crop. The market for q time was
contented with the opening rise. holding
STEADY on broad general demand A
7 urLner advance, however was forced By
the wheat strength and the close was
strong. May sold between 87af and Sslec
closing sc higher at 3S2s d3Sizc Receipts
contract
A big cash business, according to re-
port, and the receipts, 27 cars. as well
as the wheat strength, contributed TO
strength i'm the oats market MAY sold
between 2is4a245sc and SAC and closed
Csc higher, at 253kc
Strength IN pork was the feature IN
provisions, although lard and ribs were
also firm. An inhuentiaS local operator
bought lard and ribs generally while
commission houses took pork The
wheat strength. moderate hog rpcefnts
and a good cash demand were factors in
the advance. May pork sold between
S13.32i2 and 1880 and closed CSC higher
$40. closing TIC VI. al s. 321s. and sNat
ribs between s.. S212 and sos. with the
close &c improved al sos
Estimated receipts Monday. Wheat.
head