Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-01-01
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices on Hoard of Trade.

CHICAGO. Dec. 9O.-Political disorders in
Russia eXerted a bullish effect today on
the local wheat market AT the close
wheat for May delivery was up L4@sc.
The termination of the December deal
In corn resulted in a slump of Sc bushel
in the price OF old December. New De-
&c lower. oats were practically un-
changed and provisions were unchanged
to TIC lower.
with the exception of the first few min
utes OF trading the wheat market was
strong for the entire day. At the open
ing local bears sold freely, partly as a
result of lower prices at Liverpool and
also because of the continued heavy move
ment of wheat IN the northwest. Bull
support and prices soon mado a substantial
advance. Later the buying became more
general because Of increasing outbreaks
reported in Russia, 1t being believed that
the situation there will eventually lead
to a 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 statistician estimated the world, 5
shipments for the week at 100000 bushels
against 100000 bushels for the CORE
spending crop week ago. This was an
other feature which induced buying. The
to sc lower at size to S1zaSssc, advanced
TO SS@sc and closed at S7sdSSc. Clearances
of wheat and flour were reported equal to
5l9.,OO bushels incomplete fgures). Pri-
mary receipts were $4,000 bushels compared
with $4,000 bushels one year ago. chi
cago Minneapolis and Duluth reported re-
ceiprs 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 rev
II any shorts who were not In position
to 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
fln ifgp nertIr of cd
end Of the dealings of December corn.
The selling was in small lots and trans
actions were from lac apart. The close
was at the lowest Of the day. December
old opened hG1c lower at i9Q49I5c, dropped
TO 44c within the first hour and then con-
tinued to sag until the close, which was
closed with a net loss OF 3Aq4c. Future
deliveries were not affected by the slump
in the December option, May being steady
from start to finish. May opened shade
to hGI4c lower at 44kG449sc, sold up to
441ac and closed at 44Ld44sc. Local re-
ceipts were 81 cars with 104 cars of con-
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 321Rc, the opening quotation,
to 35c before any quantity was offered FOR
sale. At that price, however, many OF
the longs took profits, which brought about
a quick reaction. Closing quotations were
at 3l1kc, the lowest point OF the day. Other
deliveries were steady. May opened un,
changed to &c lower at S?hgS2Ac' sold
up to 329sc and closed at S1spSz14c. Local
receipts were 1853 cars
Despite an advance of 5qloc 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 71zc at Sl3.75. Lard was unchanged
at 81 ;i71s. Ribs were 21sc lower at M5l1s
a. cars; corn, S97 cars; oats, i34 cars; hogs
The leading futures ranged as follows: