The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-26
Bull Day N GRAINS
Strength in Coarse Grains
Leads TO Activity,
WHEAT CLOSES LOWER
Close for Corn and Oats Is
Higher
WHEAT CLOSES LOWER

Chicago, Nov. 25<-Strength IN the
coarse grains led to general bullish actlv-
ity on the board of trade today, and
December wheat closed a shade lower,
December corn 1c higher and December
oats lsdl4c up. Provisions closed % TO
42j5c higher.
Smaller receipts than were estimated
Saturday a strong demand, and the APP
proach OF delivery day for December op-
tons brought q nervous and irregular
opening in corn, with December 14N2tc
higher at $50 5z2Izc. Gables were firm
and commission houses had good uuying
orders which were at times augmented
p by q good support from professional bills.
The feature OF the session seemed to be
the anxiety of shorts who covered eX-
citedly. The cash situation was reported
as strong in the country where farmers
want corn badly and are slow in part
ing with II. The visible supply was re-
ported today as decreased 692.o 900 bushels
Under these influences December soon
sold up TO 625sc Later on profit-taking
prices reacted, but the demand from
shorts was so strong that all set-backs
were quickly overcome and December re-
acted 10 csc. The close was strong
after another drop with December 1c
higher at 621zc. Receipts were 100 cars.
Wheat had nervous market, fairly ac-
tive at times. with a narrow range. Ca
bles were little higher as a result Of the
better feeling here Saturday, and De
cenber opened a shade higher to shade
lower, at 2sd72izc. Absence Of rains in
the southwest and liberal clearances
helped prices up to 721sc early. but trad
ers were more interested in the coaTser
grains and a report of an increase Of
600 bushels in the visible supply and
on liberal receipts, December sagged 10
PIC. On the low prices a moderate cut
side demand appeared and prices re-
acted. IN the main this pit followed
corn, December closing steady, shade
lower, at 72ic. Local receipts were 157
cars, IS contract eIade: Minneapolis and
Duluth reported 1,2e3 ears. making a to-
tai for the three points Of 1.450. against
1,475 last week and $50 a year ago. Pri-
mary receipts were ], 64S 900 bushels, COM
pared with 10e5.000 bushels last year.
Seaboard cIearances IN wheat and -four
eqUalled SIS, 600 bushels. The seaboard re-
ported II loads taken for export. Worlds
shipments were 10,159,000 bushels, COM
pared with S,972, COO last week. Bread
stuffs on passage decreased 16S. 600 bush
els.
oats opened firm in sympathy with
corn and on q strong demand and light
offerings. Trade was broad and active
throughout the session, especially for the
July option. december opened @su-2c !
higher, at 427sd43c, but profits mere were (
too tempting and prices sagged on real /
izing. December even touched sc under /
Saturdays close, but the tone Of the /
market held firm and December reacted (
TO 43043lsc Prominent bulls both bought I
on the declines and sold later for prof 4
its. The advance checked the cash de- +
mand somewhat and December closed x +
@14c higher at AZ G42Ac. Receipts, IL .
cars
Provisions were fairly active, with T.
higher tendencies. The market broaden
ed steadily under the incentives of early
curtaiied receipts and the light weight I
of nogs received. The outside demand I
was improved, but there was also present +
n professional demand. English houses
aid most of the selling. January pork
closed 42I5c higher. at SO SIi5; January
lard 32i5c up, at S9.l21a, and January
ribs 20c higher at sS.01Is
Estimated receipts tomorrow: Wheat
s. cars: corn, 30 cars; oats. $40 cars; hogs,
81 .01G head.