The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-12-19
X
SHORTS ARE ANXIOUS
Unusual interest Marked the
Wheat Pit.
SENTIMENT WAS BULlISH
Rumof Of War Between Japan
and Russia Arose.

Chicago, Dec. is-Therfe was unusual
interest in the wheat pit and very
strong market. a number OF factors en-
tered into the situation Of nature to
create anxiety III the minds of shorts
and buying from this source was OF
good character. marked reduction In
the number of cars received at Minnea-
polls and Duluth, steady cables and un-
favorable weather conditions in Argen-
tina were early influences that tended
TO create bullish sentiment among
traders. The opening on May was
shade to lscdMc higher. at Size TO s1sN
sc and from the time the first sale
was made until the Anal tap of the bell
prices showed constant fendencq 10 ad-
vance. A cablesram from Argentina to
a local firm stated that there had been
frost in the southern portion and dam
age to wheat was estimated at . per
cent. A little later in the session a ru-
NOR was circulated on the floor that
Japan had declared war upon Russia. and
although this report was denied. big
decline IN consols and Japanese securi
ties in London was an added incentive
to the crowd and the buying became gen.
eral. Advices from the southwest 10 the
effect that many complaints were coming
in Of insufficient moisture and unfayoT able
conditions in the southwest ard south
eastern sections of the winter wheat
belt were taken as indication of q posi-
BILE shortage next year. In addition TO
these influences the export business at
the seaboard contributed further strength
later in the day. seventy boat loads being
reported taken for shipment. Closing
prices were close TO the top. May being
&c higher at S21scGkc, after selling at
s2hc. C!earances of wheat and -four were
equal to $4,000 bushels Primary receipts
were $4,000 bushels. compared with s7s.-
900 a year ago. Exports OF wheat and
-four for the week as reported by Brad
streets were 8. ss3. % bushels. Minneapc-
lis, Duluth and Chicago reported receipts
of 42s cars against 4ss last week and zss
a year ago.
Corn had firm undertone but the vol
ume of trading was small. There seemed
to be little corn wanted by scalpeTs be-
cause of the predictions OF stormy
weather. Poor roads would embarrass
the country movement which has check
ed up somewhat OF late During the
day the market was influenced by the
heavy export sales Is boat loads being
reported taken for shipment There was
some selling throughout the day by small
soldiers but the majority of traders were
inclined to favor the bull side. After
opening unchanged to &C higher. at 431ac
to 43Ssc, May sold between 45lsc and
4SstclD1c, closing at 43ac Local receipts
were los cars with one Of contract grade.
Shorts were the best buyers of oats
and the selling was largely by scaipeis.
The strength in wheat was the principal
influence that brought out the demand.
although small receipts and q good ship
ping business helped TO support the mar
ket. May opened a shade lower to
shade higher at $3.50 TO 3G7sc, ranged be-
tween 3s4c and 367scd37. closing at 3s5sc
G37. Local receipts were "A cars.
The provision market was governed
almost exclusively by The situation at
the yards. Liberal receipts and a de-
caused some selling by packers. but later
in the day a steadier tone developed in
hogs and provisions gained part OF the
early loss. The close was steady with
May pork a shade higher at $l1.s0. May
lard was unchanged at $651ls and ribs
were a shade lower at 36.6~.
Estimated receipts for tomorrow:
Wheat, q cars, corn, 30 cars; oats, 80
cars; hogs, $500 head.