The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-26
LULLS IN
GRAINS
Lower Close Ends Day of
Active Opening.
BULL IN WHEAT PIT
Causes Some Life by His
Large Purchase.

Chicago, Nov 25.-Wheat was active
and easier early in the session today.
but later became rather dulI, while prices
were slightly better, the close being
about steady. with December &c lower.
December corn closed ssc lower. with
oats unchanged. January provisions
closed from PIC lower TO 5q71ac down
The buying of q million bushels of both
December and May wheat by the leading
bull operator was the chief feature Il
the market and proved 10 be Il sustain
ing factor IL the situation. the close be-
ing steady after an easy opening. The
pit news was generally bearish lower
cables, liberal receipts in the northwest.
together with weak markets. causing
weakness during the first part of the
day. Rumors that the leader on the
long side had sold enormous holdings
through brokers-thOugh probably er-Nn-
eous-probably counter balanced to a Large
extent the good effect Of the buying by
the same interest and kept the majority
of traders in. a quandary as TO the exact
condition Of affairs. The close was about
steaUy. with December &c lower. at
4p2c- The opening was unchanged To
l4c lower. At no i4s4c. and or general
se1nng declined to l3Ssc, but advanced
again and held steady day closed a
shade higher al 75i.c after selling be-
tween 755sa769sc. Bradstreet's worlds
visible for the week showed an increase
of 4l3S,00o bushels. compared with an
increase Of 6,49I coo bushels year ago.
CIearances Of wheat and -four were equal
to 44s3o9 bushels. Primary receipts were
800 bushels. against 1,f55.2o9 bushels
year ago. Minneapolis and Duluth re-
ported receipts of 1,z0l cars watch With
local receipts of 217 cars-26 of contract
srade-made total receipts for the three
points Of !, AIS cars. against y29 cars last
week and J. 800 cars a year ago.
December corn was again very cratic
with q lower tendency. while May was
about steady. There was free selling Of
December early on lower cables and in
creased receipts, but at the decline the
market received good support on COM
mission house buying and prices rallied.
May was in good demand all day and
the close was only 1sc lower at PIC. az
ter ranging between 42ssc and 42s4c. De
cember opened 7s011sc lower, at 52izd
522sc and closed sc lower. after range
between 5214c and 5324c. Local receipts
were $50 cars with - of contract grade.
Oats ruled dun and featureless. with
prices firm on fair general demand.
December closed unchanged at 3ll2U5i9sc.
after selling between 31l445l2sc and 3lS4c-
May was unchanged at 32isc. after sell
ing between 313sq32c and 52i4c. Local re-
ceipts We're 200 cars
Provisions were inactive at trife de-
cline in prices, the lower prices at the
Yards being responsible for the weaker
tone A fair demand for lard and rims
caused little advance but realizing
brought about a decline and the close
wa sabout steady. with January pork Sc
lower. al SIS 62lz; January lard closed 50
T15c lower. at S9.35Q9.37l9, with rios 2iac
lower. at $50
Estimated receipts for tomorrow.
Wheat. 80 cars; corn l9J cars; oats, I'D
cars; hogs. 1890 head