The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-12-30
BEARS HAD
STATISTICS
Hence a Fairly Active Day on
Board of Trade.
WHEAT WAS DOWN SOME
Corn, Oats and Provisions
Showed an Advance.

Chicago, Dec. 29.-There was fairly
active trade on the board OF trade today
and after a weak opening the grain mar
kets closed firm, although May wheat
was down i&aasc, May corn was up isdAc
and oats were 1ac higher. May provisions
closed unchanged TO 1oc higher.
Wheat ruled active throughout the day
and lower prices prevailed early in the
session, due to heavy liquidation by a
prominent long. Statistics in general IA
vored the bears, the weather conditions
being favorable for the movement, re-
ceipts liberal and clearances fair, but the
main influence was the large shipments
from Russia, which were estimated at
three times those of year ago. Com
mission houses were good buyers at the
decline and it was reported that the lead
ing long added materially TO his line.
a better tone was manifested the latter
part of the day and much of the early
loss was regained. The close was steady
to firm. May opened 1sa1@c lower at Il
to 77isc, and sold off to 762sd761zc. but
there was a gradual advance late in the
session and the close was dac lower.
at T6.M77c. There was an increase of
visible of So 000 bushels. The amount on
passage decreased 9i4. 900 bushels. Clear
ances of wheat and -four were 512 900
bushels. Primary receipts were 1,065. 900
bushels. against 1.029. 600 bushels a year
ago. Minneapolis and Duluth reported re-
ceipts of $50 cars which with local re-
ceipts of y cars, two Of contract grade,
made total receipts for the three points
of 932 cars. against LISP cars last week
and - cars a year ago.
Corn was moderately active and after
an early depression due to the weakness
in wheat and favorable weather condi-
tons, the market was firm. Commission
houses were good buyers and with clear
ances amounting to ss9. 900 bushels against
only $1,000 bushels the corresponding day
last year. prices had an upward tendency
May closed isGi4c higher at f3ss0433.c.
after selling between 43isn43l4c and 43ssd
43$4c. Local receipts were 290 cars, with
only two of contract grade.
Oats opened easy. influenced by the
lower prices in other grains and there
was quite free liquidation by local longs
a strong tone developed Later on and all
of the early loss was regained. A good
commission house demand existed
throughout the day and toward the end
of the session the early sellers turned
buyers. Favorable weather and large re-
ceipts We're the main bear factors, while
{. decrease in the visible supply of a mill
ion bushels was bull feature. The
close was firm. with May &c higher, at
sac. after ranging between 1885 and 344c.
Local receipts were 217 cars
Provisions ruled strong and opening
prices We're higher. Influenced by the
smaller receipts of hogs and higher prices
at the yards. Active covering by shorts,
together with good demand from pack
ers gave the market fair support and
prices held steady. Local longs were the
principal sellers. May pork closed 1oc
higher at 1855; lard was up 715c. at s.. 621
while ribs were unchanged al ss.6712
Estimated receipts tomorrow: Wheat.
100 cars; corn. 6S5 cars; oats. 2S5 cars;
hogs IS 900 head