Omaha daily bee., 1905-12-31
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices on Board of Trade.

Prices on Board of Trade.
CHICAGO. Dec 3-Political disorders in
Russia eXerted a bullish effect today on
the local wheat market At the close
wheat for May delivery was up LQasc.
The termination of the December deal
in corn resulted in slump of Sc bushel
cember sold on Sac. May corn closed
nc lower. Oats were practically un-
changed, and provisions were unchanged
with the exception Of the first few min
utes OF trading the wheat market was
strong for the entire day. At the open
result OF lower prices at Liverpool and
also because Of the continued heavy move
ment Of wheat IN the northwest. Bun
leaders, however, gave the market good
support and prices soon made a substantial
advance. Later the buying became more
general because of Increasing outbreaks
reported In Russia. IT being believed that
the situation there will eventually lead
to great Curtailment of shipments of
wheat and other grains. Further advices
from Argentina confirming previous re-
ports Of damage to the wheat crop by
rains also lent strength to the market. An
English statistiClan estimated the world ;
shipments for the week at 100000 bushels
against 100000 bushels for the corre-
spending crop a week ago. This was an
other feature which induced buying. The
market closed firm. May opened a shade
to &c lower at SIi2c to SiiauSItsc. advanced
to Ss3sc and closed at S7sGSSc. Clearances
OF wheat and flour were reported equal to
5l9,I0O bushels incomplete hguresl. Pri-
mary receipts were $4,000 bushels compared
with $4,000 bushels one year ago. Chi
cago Minnea polls and Duluth reported re-
ceipts of 623 cars against 523 cars last
week and $40 cars one year ago.
At the opening Of the corn market to
day 1t was apparent that there were few
II any shorts who were not in position
10 fulfill their contracts by making de-
liveries of cash grain. The longs, there
fore, made no attempt to support the
market and the price for both new and
old December fell steadily throughout the
day; decline Of Sc a bushel from the
end OF the dealings of December corn.
The selling was In small lots and trans
actions were from 1Q2c apart The close
was at the lowest of the day. December
old opened 1a4lc lower at 49qi9lac. dropped
to 44c within the first hour and then con-
tinued to sag until the close, which was
at 42c. New December opened at AS and
closed with a net loss Of 3AU4c. Future
deliveries were not affected by the slump
in the December option May being steady
from start to finish May opened a shade
to hO54c lower at 4iAnl43sc, sold up to
Arc and closed at 4i4M443sc. Local re-
ceipts were 521 cars with lO4 cars of con-
tract grade.
Urgent demand by shorts caused a sharp
bulge in the price of oats for December
delivery. The prices for that option was
bid up from 32iRc, the opening quotation,
to Soc before any quantity was offered for
sale. At that price, however many of
I the longs took profits, which brought about
a quick reaction. Closing quotations were
at 3l1ac, the lowest point of the day. Other
deliveries were steady. May opened un,
changed to &c lower at 32lsq32l4c, sold
UP to 323sc and closed at 321sq324c. Local
receipts were 1853 cars
Despite an advance of 5G1cc in the price
| of live hogs the provisions market was
weak because of the persistent selling by
/ local packers. At the close May pork
was off 7lkc at $l375 Lard was unchanged
at S.471s. Ribs were 212c lower at S3lIA
Estimated receipts for Tuesday: Wheat
~ cars; corn, S97 cars; oats, 4S4 cars hogs
| a. 600 head.
| The leading futures ranged as follows