The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-01-07
ALL GRAINS
4 JUMPING
Record Breaking Prices in
Wheat.
NET GAIN IS | IA
Scarcity of Wheat Starts the
Booming Market
NET GAIN IS IA

! Chicago. Jan. s-Record- breaking prices
a wheat Sc al grains jumping today
/ May wheat registered q net gain for
/ the day OF Il. having made new record
/ for the rop o. S42sc. I cent above the
/ previous record May corn closed sake
Up, and May oats 1s01sc higher. Pro
visions closed 21zc higher 10 z shade
lower.
Scarcity OF wheat ard z revival Of bull
enthusiasm were the influences that
started a booming market. Saturday mad
seen strong close and when Liverpool
reported z shortage Of stocks and con-
seqUeHt better prices there and Paris
also sent better cables there was IN ex-
cited higher opening. Offerings every
where were scanty. The northwest had
/ liberal receipts, but prices there were
kigE Ninnea polls reported a strong cash
market. with millers buying at only sale
under May prices. Cash, No. ? red win
ter sold mere at ss15c and az karsas
City AZ 9lGe2c. May wheat AZ St Louis
touched 911zc Trade was very large and
large quantities late IN the day we're
put on the market for profits These
were taken up readily. but only al rapidly
increasing prices. There was a time
about the middle Of the session when
business Iulled and the election 0f the
president OF the board was OF more in
terest than the market. The outside de-
-nand. however, kept up well. ard in spite
Of the bearish influences Of increases IN
shipments The amount on passage ard
the visible supply. prices took another up
ward squirt The outsiders seem prac-
ticaIy in control Of the market. Nay.
which opened AQs4c up, at s3l2QS=c,
touched S42.c toward the close n a
broad. excited market, and closed nc
higher At Sic The previous record for
this crop which was m1de IN tie big
( bull campaign last month. was S. &c
Local receipts were g cars, none OF con-
tract grade Minneapolis and Duluth
reported s36 cars. making 2 total for the
three points OF $50 cars, against 90 last
week and es7 4 year ago Primary re-
cefDts were $1,000 bushels. compared
With $1,000 bushels last year. Seaboard
cIearances in wheat and -four eqUalled
- 600 bushels. World shipments were
755S,000 bushels against $4,000 bushels
last week and 5.23s.ooo bushels last year.
The increase Of breadst1ffs on passage
vas ~, ooe bushels. The visible supply
increase was 281.00 bushels
Corn started ont with a great show Of
strength, based largely on cables but
failed 10 keep in line with the wheat ad-
vance. Commission houses sold largely
for profits and retarded the market. The
opening was excited, but the early trade
vas not large. Sales 10 both the north
ceutives, but stocks increased here and
after the early upturn prices huctuated
narrowly. Nay opened 1.ll2sc % l5G5sc
higher, with sc the top figure The close
was firm. ssd1zC higher. at 677sc. Re
ceipts were only III cars.
oats had fairly active market, with
a considerable show Of strength. Trade
was general and not specially important
as 10 features The strength IN other
pits was the principal factor IN the ad-
vance, but a fair sample market helped.
At times business was draggy. bur the
close was firm, 1sT14c up, at $3.50. Re
ceipts were i07 cars.
Provisions were dull and 7uctuated
very narrowly. There was little 81 n
pathy with the grain movement. 4 lib
eraI country demand Cor pork ana Iard
and a good hog market kept prices
steady. May pork closed PIC lower, az
ST. May lard shade higher. at s.. 9.le
al9.00. ard May ribs unchanged, at
IS S2l
Estimated receipts for tomorrow
Wheat. $ cars. corn. IL cars. oats, 2o2
cars: hogs, A,ooe had.