The Wichita daily eagle., 1903-12-18
WHEAT CLOSED STEADY
Price Changes Confined to a
Narrow Margin.
CORN AND OATS YIELD
Provisions Sell at a S m al |
Advance.

Chicago, Dec. H.-Wheat opened firm in
sympathy with similar feeling reported
from Liverpool. Some emphasis was add
ed by small receipts in the northwest.
The frmness in the foreign market was
partly due to bad weather reports from
Argentina, but cablegram to a Chicago
commission firm from Rosario said that
the weather was improving and that little
damage had been done to the wheat crop.
AT the same time the bull interest mani
Tested tendency TO dispose of holdings
This fact exerted considerable influence
upon small holders. AS result of the
combination OF circumstances q good deal
OF long wheat came out and an easier
tone developed, May selling off to Si1sG
SlAc. after opening a shade lower to a
shade higher at assasllsc. The high
point of the day was reached shortly
after the opening when May touched slksc.
The market held steady at the decline for
a time and during the latter part of the
session better tone was manifested on
reports of an active export business. Ad-
vices from the seaboard claimed 10 boats
loads had been taken for shipment with
the greater part of this wheat consigned
to Lisbon. The cash business also show
ed marked improvement and this helped
the speculative trading. The close was
steady with May unchanged at assG8112c.
Clearances of wheat and -four were equal
to 259,500 bushels. Primary receipts were
s05,9o0 bushels against 10000 bushels a
year ago. Minneapolis, Duluth and Chi
cago reported receipts CT 400 cars against
ga cars last week and 621 cars year ago.
Corn did not hold UP as well as of late.
Opening prices were little higher on a
fair commission house demand due TO firm
cables and a good export business report
ed yesterday but there was scattered SELL
ing by local professionals. The weather
continued fine and there were some mes
sages from the west. mostly from Nebras-
ka. which stated that the roads were in
excellent condition for hauling and that
farmers We're disposed to sell their cash
corn a little more freely. After opening
a shade to 1s@14c higher at 432 G437sc,
May sold between 1850 and 1890. closing
at SIC Local receipts were 125 cars,
with one of contract grade.
After a steady opening oats eased off
in sympathy with corn on selling by one
or two prominent commission houses. The
larger pjart of trading was a scalping
nature and lacked any special features.
Local bears were not inclined to sell much
owing to the continued small receipts
which seemed to indicate that the crop
had been over ESTIMATED. Prices showed
little change, May ranging between 36sa
and 3s7s@37c after opening unchanged 10
shade higher at 367sd37c The close
was 36azd367sc. Local receipts We're 123
cars.
Hogs We're in much smaller supply
than expected and this fact coupled with
an advance of 5@10c in their price resulted
in a good deal of covering in provisions
by local shorts. There was also "A good
demand from English houses. Packers
were moderate sellers on the advance. but
prices were firm, May pork closing 15G
171ac higher at s11. 77lsdi1 80. Lard was up
sc at {. SIN. while ribs were ql0c higher
at Sc. s.g7,gs16. so
Estimated receipts for tomorrow: Wheat
20 cars; corn los cars; oats 50 cars; hogs
IS 600 head,