The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-20
BIG BULL
in PITS
Leading Long Spurs Prices OF
Upward in Grains.
y HEAT is 2 1-8C HIGHEf
Provisions Also Active With
Higher Close.

Chicago, Nov 19.-Both the grain and
provision markets were active today and
prices continued on their upward march.
December wheat closing 2lsc hig,er. De
cember corn 1c higher. with oats &c
higher. January provisions closed from
1714c to 4504Tl.c higher
There was a continuation of the bull
movement in wheat ana the volume Of
business today was enormous. with a
leading long adding materially to his al
ready big line of both December and
May. It was rumored that over 2.000. 600
bushels were bought today for the ac-
count OF this one holder. Covering by
shorts added 10 the excitement ard helped
TO advance prices. There was some sell
ing at the start, influenced by the favor
aDle weather and unresponsive cables
and the opening prices Were easier: but
later, when the leader in the bull move
ment became an active buyer. others
followed and the market advanced sharp
~. About noon heavy liquidation devel-
oped and mOmentary reaction resulted
but on enewed buying there was another
advance and the close was strong and
practically at the top. December opened
shade 10 1Gi4c lower, at 735sG73z.c,
sold off TO 15-1c and then advanced 10
76c. where a reaction TO 75Ac occurred.
During the last half hour another ad-
vance was made and the close was 2isc
higher. at 757sQ16c. Clsarances Of wheat
and -four We're equal TO 30. go bushels.
Primary receipts were 1890 bushels,
compared with 1l14,O)0 bushels last week.
Minneapolis and Duluth reported re-
ceipts OF 76S cars. which, with local re-
ceipts OF s. cars-1 of contract grade
made total receipts for the three points
of 81 cars. against 975 cars last week and
$50 cars a year ago.
Corn was affected by the strength in
wheat and ruled strong after an easier
opening due TO good weather and disap-
pointing cables The market was active
and with interest stiu centered in the
December delivery, which went up and
down in an cratic manner Heavy real
iZinS at the start caused q loss Of nearly
&c, opening sc higher 10 sc lower, at
57Q5Sc. and declined TO 55ilc; but at the
low point shorts were active buyers and
q sharp advance followed, the close be-
ing strong ard &c higher. at 5S7sc. Small
receipts, with poor grading, we're a bull
factor. Local receipts were 100 cars,
with six Of contract grade.
Strength in wheat and corn was the
main influence in causing better PRICES
in oats. There were no features TO trad
ing. which. was light, and fluctuations
were within a narrow range. The close
was strong. with December up &c. NJ
302sc. after selling between $3.50 and
3J1tc Local receipts were l4S cars
Provisions ruled active and strong af-
ter an easier opening, due to heavy re-
ceipts of hogs and lower prices at the
yards The bullish tendency of grains
was the chief strengthening factor al
though there was moderate buying on
outside account. while the offerings were
limited The close was strong. with Jan
uary pork up 45d47isc, at $3.50. January
lard closed 1714c hs1Ier. at $3.50. while
ribs We're PFC higher, at SSH.
Estimated reGr-pts for tomorrow:
Wheat. 70 cars: corn, 165 cars; oats, 100
cars: hogs. $500 head