The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-12-05
BULLS ARE
POWERFUL
Speculation Recalls Days of
Hutchinson and Kent,
CLOSE OVER CENT HIGHER
Bull Enthusiasm Seldom Seen
of Late Reigns,
CLOSE OVER CENT HIGHER

Chicago. Dec. 4-speculation OF the
board Of trade today was such as TO re-
call the great transactions of Hutchin-
son, Cudahy, Kent, Ream and the other
giants who ruled the pits and swung
prices for fortunes every session. Bull
enthusiasm such as has not been seen
often in late years had possession Of the
markets and IN spite Of heavy selling
for profits every pit closed strong. De-
cember and May wheat both closed ia
Ilzc up. December corn 1lsQ1lc higher.
May corn Ilze up. December corn 11sq11zc
higher. May corn nc up, and Nay oats
11kQ1ssc higher. Provisions closed 10 TO
21zc advanced.
Transactions in wheat were on a scale
that indicated the western country was
thoroughly aroused to the situation. The
slight sag at yesterdays close following
yesterdays early buoyancy attracted
buyers everywhere. The coUntryman was
practically in control Of the market Out
side markets responded rapidly TO every
bullish incentive, and this strength was
again reflected here. Flour at Minneap-
oils advanced 10c. Dry weather in the
southwest was reported damaging TO the
winter crops, and news was constantly
arriving that wheat was being fed TO
stock With all these influences trade
showed d steady advance. December
opened 4 to &c Up, sold to 7515a759sc and
closed strong, rs 10 &c higher, at aJls9
75%sc. May opened va to Ss4l2c up, and
sold to 792tc, closing strong, 1Ssn11kc
higher. At 1910. Local receipts were %
cars none of contract grade; MinneapO-
lis and Duluth reported 143 cars, making
a total for the three points Of 7sS cars,
against J, oS6 last week and $40 year ago.
Primary receipts were 954.000 bushels,
compared with 1900 bushels last year.
Seaboard clearances in wheat and -four
equaIed only $4,000 bushels.
Corn lent its share of activity to the
general strength. The buying was of
general character, with shorts covering
and a good demand present from the out
side. Offerings at times were very light.
Wheat activity influenced this pit greatly
and light receipts and unsettled weather
brought on bull campaign. Trade was
not heavy, but the market was under
constant nervous strain. Country buying
orders were liberal. December. which
opened i to &c higher on good cables,
advanced TO 63s4c and closed strong, rs
d11tc up. at 6S1ad6S5sc. May opened UNI
changed to sc higher, sold to the new
record price Of 67Lc and closed strong,
111c higher, at &C. Receipts were Jos
cars.
Oats had a strong bull market all ses-
sion. Prices were higher to start, and
based on light offerings, scanty receipts
and a good cash demand, constant adj
vauces were made. Shorts showed con-
siderable anxiety 10 cover and bullsh
speculation did the rest Trade was heavy
on outside orders, with countrymen as
the principals. Shippers were all buyers
on a large scale. May opened = TO sc
higher. sold 10 a new record at 45lsc.
and closed strong. rs TO 1izc up, at
45d45lsc. Receipts were only 81 cara.
A country demand for everything on
the provision list held hog products
strong. Grain strength helped materially
and bullish speculation aided in the ad-
vance. January pork closed 2215c up, at
S1s.371s; January lard I5c higher, at $3.50;
and January ribs Ice up. at SS.32la.
Estimated receipts for tomorrow:
Wheat, 40 cars; corn, los cars: oats, los
cars; hogs, 4, COO head.