The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-12-08
JUMPS UP 8 CENTS
lncessant Stream of Buying
Orders Bring Advance.
ORDERS FROM COUNTRY
Enthusiasm as Is Seldom II
Ever Equaled.

Chicago, Dec. 7.-Pendemoniun broke
loose in grams today and with an enthus-
iasm that has seldom Il ever been equall
ed. Bulls carried everything before
them. 1t was wild day in the PITS with
wheat in the lead. and as on other recent
bulges, an incessant stream OF buying
orders from the country brought the adj
vance. Wheat jumped SdS l-Sc. Corn,
! 1-4c and oats 7-Sc. December wheat
closed S-Sa2 1-2c up. May wheat . SIC
up. December corn 5-Sc higher, May corn
l-4c higher and Nay oats / 5-Sc up. Pro-
visions closed IL 10 Ban 1-2c higher.
Wheat easily ed all other pits and set
such rapid pace that IL was q difficult
task to follow. AS has been the feshion
for several days past. the pit opened with
a jump and disregarded the usual govern
ing factors Bullish enthusiasm did
everything The country was CRYING for
huge quantities and it was a case OF buy
buy, buy. Such a market was \ great
temptation 10 holders OF long wheat and
soon a flood OF il poured in from several
sources. one prominent broker threw
million and a half bushels on the market
and it had practically TO appreciate ef-
feet. Where several large sellers were
making fat profits there were as many
others taking in all offerings with avidity.
Commission houses had orders that dem
onstrates that the public was bigger than
the professional The regular trade was
OF the opinion yesterday that the bun
campaign was at an end and that prices
would slump in panicky market. Tips
have been going out to sell everything.
But todays business showed the effect
was wasted. Besides the cOuntryman.
the capitalist, was getting into the trade
and added TO their very strong bun argu-
ments came the news Of strength Ut Liv-
erpoOl and in the English country markets
receipts especially northwestern We're fab
ing off. The weather was unsettled and
all outside markets weer showing CORES
ponding strength. December wheat open
ened 3-4a7-Sc 10 1-SGi lie higher at
IS 5-4G77 1-Sc. eased of 10 76 5-sc on the
heavy profit taking. but in the last hour
of business sailed upward and closed very
strong 3-Se2 l-2c higher al IS SIC. May
opened : s to 11-4d1 Csc higher at 81 7-Sc
TO 81 l-zc. sagged TO 81 5-Sc. but near the
last moment of trade ran excitedly up TO
Sc and establishing a new crop record.
The close was very strong. Sic higher
at 81 5-SN3-4c. Local receipts were 81
cars. one OF contract grade: Minneapolis
and Duluth reported 200 cars, making a
total for the three points Of "a cars
against LOIS last week and GO year ago.
Primary receipts were only $50 coo bushels
compared with $4,000 bushels las, year.
Sea board clearances in wheat and -four
equalled 2a2 600 bushels. Australian ship
ments were 1l2.ooO bushels against 10000
bushels the week preceding.
Corn was inclined 10 be fully sympa-
thetic with wheat Country offerings
have increased somewhat the last few
DAYS on the big advance and the inCiina-
ton today was for further profit taking
which il is thought would have had a
marked depressing effect had wheat not
taken matters in hand. Trade was smaller
than in wheat. but cables were higher and
offerings temporarily held OF because Of
the wheat demand Commission houses
did a fair business on both sides or the
market after the opening rush and the
wheat squirt al the end mainly brought
the reaction from the sag attendant upon
the profit taking. December opened SO
TO 1Nl l-Sc MP AT s. 1-4a5-Sc. eased on TO
81 3-sc and closed strong. 5-Sc higher at
"a 7-Sc Nav opened - 10 IL higher 40
6S 1-fG3-4c. sold down 10 S. l-Sc. and then
literally jumped TO &C. a new record price
where il closed very strong. 1-4c up. Re
ceipts 156 cars.
ywacrc otNTsIo0anar cshA -rcrnfwycnfw
There was a cool ali round trade IN oats
at the opening with prices wei advanced
on good buying both local and outside g
temporary scarcity OF offerings and on
the wheat strength Commission houses
still were filing country buying orders.
and prices advanced steadily in the face
OF ptoiit Ashtles NAY ei'iT1 rlEniiAr A-1N
To 1c higher AT 40 T. Is SIC. never got
below the lower opening price and late IN
the session struck 4 SIC. 10 closed very
strong ! SIC up at e CSC. Receipts were
1ss cars
Provisions inclined toward dullness early
and prices were slightly down or a weak
or hog market. Receipts were liberal
and there was n good deal ~ early SELL
ing. On the strength ~ grairG however.
and revival ~ country buying prices re-
acted smartir end closed strong. January
pork closed 15f17 Lee up az slsls5. January
lard . l-2c higher a ESQ. January ribs r.
higher A. $50.
Estimated receipts tomorrow. Wheat g.
-. -. go -. l------ = "a -