The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-12-18
GRAINS L|VEN|NG UP
Cold Weather Brings Some
Activity Into Markets.
CLOSE Is SOME HIGHER
Bears Rule at Opening but
Are Overcome.

Chicago, Dec. 17-Iate bullish condi-
tons supplemented by a removal of fears
for crops because Of the cold weather
brought some small activity to otherwise
dull grain markets today, and Nay wheat
closed &C, up, May corn sc higher. and
May oats &c advanced. Provisions closed
unchanged to 215c up. Early conditions in
list was lower, outside markets weak,
and there was still a marked influence
from yesterdays visible increase report.
Local and northwestern receipts were
small, and there was a fear that the cold
weather and continued scarcity Of cars
would work against the movement, but
there was little influence from this factor
at the opening. On the influences and a
very dull show for business May opened
LAKE to a shade lower at 70 to 79isc.
There was little to be had at this dip.
however, and on a small outside demand
and some short covering prices gradually
advanced. Then came the report Of great
ly decreased primary receipts and a very
small net increase Of the worlds visible
supply. This latter factor. taken together
with a report Of a marked decrease in
European stocks, worked against yester-
days visible supply report, and prices be-
gan to pick Up. Shorts became worried
and on a report that the Kansas crop
would be damaged by the cold weather
unprotected by snow, there was a good
show Of late activity. St. Louis began to
buy and May sold UP to S9aTO5sc, closing
firm, &c up, at 797sds0c. Local receipts
were 6S cars. of contract grade; Mime
apolis and Duluth reported 59S cars, max
ing total for the three points Of 666
cars, against 1874 last week and III a
year ago. Primary receipts were only
SO 900 bushels, compared with 77s000 BUSH
els last year. The world visible supply
Increase was 100000 bushels, against g.
$4,000 bushels increase last week The
European visible decrease was 1850 900
bushels. Seaboard clearances in wheat
and -four equalled 20S,O00 bushels. The
seaboard reported seven loads taken for
export.
Corn was dull and narrow early. The
cash demand was slow, the outside mar
kets dull, and this pit followed after
wheat. Early buying was all local and
Insignificant. Gables started May a shade
to 4 TO Sc lower at the opening, but
when wheat began to develop, corn also
had quite a bull market. Receipts here,
as well as elsewhere, have been curtailed
by the cold weather, and the threatened
rnewal of the cold wave made shorts IN
steady. At primary points there were
about 200 600 bushels less than last year.
These factors pushed May up TO 679sc.
and brought firm close, sc up. at 671sq
67i4c. Receipts were 81 cars.
Oats reflected the tone of the other mar
kets. The early weakness necessitated
some support by professionals and shorts
covering on the wheat bulge f1rmed this
pit somewhat. Commission houses had
some selling orders, but in the main trade
was dull. May opened unchanged to &c
lower, advanced 12c over yesterdays close
and closed firm, nc up, at 45lsG45hc. Re
ceipts were ~ cars.
Provisions were quiet. though fairly
firm on better prices for hogs. Receipts
at the yards were short of the estimate,
and caused a number of shorts to cover.
May pork closed unchanged at $3.50;
May lard 2lac up, at $3.50. and May ribs
21ac higher. at s.. 62l5.
Estimated receipts for tomorrow:
Wheat. so cars; corn, 40 cars; oats. %
cars; hogs, 1900 head.