Daily Kennebec journal., 1902-01-07
WHEAT MARKET
Caused An Unusual Commo-
ton, Monday, at Chicago.
May Wheat Jumps to "a 3-4, One
Cent Above Previous Records.
Bull Enthusiasm and Scarcity Of the Cerea
Cause Of il All.

| Chicago Jan. 6.-Record breakinc
prices in wheat set all grain jumping. to
| day. May wheat registered a net gair
| for the day of ~. having made a new
record for the crop of S4I. one cent abov,
| the previous record May corn closed q !,
&c up and May oats ls15l higher. Pro,
visions closed 2ik higher to Il shade low
or. Scarcity of wheat and revival OF
bull enthusiasm were influences thai
started a booming market. Saturday ha"
| seen a strong close and when Liverpoo
reported shortage of stocks and conse-
quent better prices there and Paris alsc
sent better cables there was an excited
and higher opening.
Offerings everywhere were scanty. Tie
Northwest had liberal receipts but price:
there were higher. Minneapolis reported
a strong cash market with mii.crs buying
at only q to 1c under May prices. Cash
No. red winter sold here at SS'a and at
Kansas City at 9l@92 May wheat at s..
Louis touched 9llk. Trade was very large
and large quantities late in the day were
put on the market for profits. These
were taken up readily but only 1t rapidly
increasing prices
There was a time about the middle Of
the session when business lulled. The
outside demand, however, kept up well
and in spite of the bearish influences of
increase in the shipment the amount on
passage and the visible supply, prices
took another upward squirt. The outsid-
ers seem practically in control of the
market. May, which opened 1iGii up at
S3H to 81, touched Si4 toward the close
in a broad. excited market and closed
IL higher at Si2. The previous record
of this crop, which was made in the big
bull campaign last month, was S3A.
Total receipts were .6 cars, none oil
contract grades; Minneapolis and Duluth
reported $50 cars, making a total foi the
three points of S62 cars against 9ia Inst
week and 6S7 a year ago. Primary re-
ceipts were $4,000 bushels compared with
$4,000 bushels, last year. Seaboard clear
ances in wheat and flour eQualled %, ,0Gj
bushels. Worlds shipments were 1856, ,ooo
bushels, against 6,7S2,OOO bushels, last
week. and 5,23SOo0 bushels, last year.
Corn started out with a great show OF
strength but failed to keep in line with
the wheat advance. May opened h0M to
14d7s higher with 6S the top figure The
NioSC "oo III III Is. Y iiSiiSi db ~
ceipts were only IN cars. Oats had a
fairly active market with Il considerable
show of strength. At times business was
draggy but the close was firm ls@4 up
at l67s. Receipts were 107 cars.
The leading futures closed as follows:
WHEAT-Jan., SoA; May. S4la; July.
SSA.
CORN-Jan.. 6iIz; May, CTS; July, GA
OATS-May. 467s; July. ioA: Sept, SIS
PORK-Jan., $3.50; May, 17.55.
LARD-Jan., 800; May, 10.
RIBS-Jan.. $50; May, S.S2j2.
CASH FLOUR-Firm.
WHEAT-No. , spring, SoaS113; no. ),
S0GiH; No. . red. SGkISSiA.
OATS-No. 3 4712u49; No. white. 4SG
494.
RYE-No. 2. 67hGia.
BARLEY-Fair TO choice malting, $50
63
FLAXSEED-No. /, 162; No. north
western, 165.
TIMOTHY SEED-Prime, 6.35.
MESS PORk-l6.95ml7.
LARD-9.S7.aM9S0
SHORT RIBS. SIDES 9i5m9S5
SHOULDERS-Dry sated, ,.sd9-.
SHORT CLEAR SIDE,S-S9tn9
('I ('InNEP-Coptrprt n n