The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-01-14
WHEAT CLOsED STRONG
Active Support Held Up Price
Despite the Bears.
CORN AND OATS ADVANCE
Provisions Make Substant al
Gains in Values.

| Chicago, Jan. 13.-Active support main
| face of number of depressing factors.
| The close was strong with May a shade
higher than yesterdays final figure May
corn gained ascg1ac, oats sc, and pro-
visions from 7l2c@2oc.
The pit was generally bearish in wheat
and sold on the slightest provocation.
AS an Offset to this selling pressure. the
leader of the longs was an active buyer
throughout the session. Before the open
ing Liverpool cables showed losses while
British consuls were higher The infer
ence was that peace between Russia and
Japan was still within the possibilities.
! AS result of these influences the mar
ket here opened easier with May 1scMAc
to 14a2.c lower at 765.c to SIC. Commits
sion houses were lbreal sellers and offer
ings We're taken largely by the prominent
bull interest During the first hour the
demand from the scource carried May up
to S7lsc@a4c, but when the buying lessen
ed the price slowly sagged until S612c
was reached. Liberal receipts in the
southwest, as well as at all primary
points were a factor in bringing on the
decline by a number of commission
houses and elevator interests. The mar
lset responded to the improved demand
and developed more frmness Within the
last few minutes of trading the firm
ness changed to decided strength on re-
| newed purchases by the big long. Closing
prices We're at about the top figures with
May at SIC Clearances of wheat and
| flour were equal to 23s,ooo bushels. Prim-
airy receipts were 941,00 bushels against
523, 300 a year ago.
Minneapolis and Duluth and Chicago re-
ported receipts of $50 cars, compared with
525 cars last week and 2SS cars a year
ago. Il
The dominating influence nj corn was
the small receipts, poor grading and good
cash demand. There was a good demand
the entire day with commission houses
leading in the buying. The selling was
mainly by scalpers. The market was a
little easier at the start in sympathy
with wheat but prices soon firmed up
and held firm until the close. After OPEN
ing at 47hc to 47l2c, May sold between
i.c@3sc and 4sc, closing at 477sca4sc.
Local receipts were 263 cars with none
of contract grade.
Oats were Independently strong, espec-
tally the May delivery Commission
houses were the best buyers with the
selling scattered. The opening was steady
with May unchanged to a shade lower.
at 3e1zcQ5sc to 399sc
After selling up to 4O14c May closed
strong att that figure. Local receipts
We're S. cars
Light receipts of hogs, an advance in
prices at the wards and liberal shipments
Of products maintained strong tone
on provisions. Prices were higher at the
start under the leadership of pork and
the opening gains We're held throughout
the day. The commission houses Were
the best buyers although packers were
reported to be supporting the market
to a considerable extent. Closing prices
We're near the top with May pork up 1712c
G2Oc at $13.2Oa$13. 2211a; May lard was 7l2c
higher ats 700 and ribs up 10c at S5(701
s6.72la. 4 4
Estimated receipts for tomorrow.
Wheat, % cars; corn 2S5 cars; oats, 70
cars; hogs 81 900 head
Leading futures ranged as follows: