Show CHICAGO GRAIN REVIEW I Heavy Beceipts of Wheat Caused I Much Short Selling By Traders I Chicago Dec 27 Wheat opened firm at from 1 to c decline of the closing price of Friday initial sales ranging from 94 to 91 with a few sales a moment later I at 94O4Mi < An active trade was done for I I an hour and the market for that length of I timd maintained the appearance of strength May sold as high a 94y3ft91 I Subsequently trade slackened and the price weakened slowly to within half an hour from the close Apparently the only reason for the strength was the new European Eu-ropean war scare as nothing else of a bullish character was contained in the earir news There were several bearish features In the days news chief of which was an estimate made in a cablegram from Buenos Ayres making the probable surplus of wheat for export from Argentine Argen-tine 40000000 bushels Foreign markets tne were closed on account of Christmas boll days but New York reported the receipt of some buying oruers for futures on European Eu-ropean account and at least 150000 bushels were bought in the pit thereon there-on an order from Liverpool The Liverpool Corn Trade News estimated mated the worlds shipments of last week at C4S3000 bushels exclusive of Baltimore Shipments The United States contribution contribu-tion to last weeds total was 4707000 bushels Tho visible supply Increased 1051000 bushels compared with n decrease de-crease of 720000 bushels the year before The heavy receipts here and at the north I west points caused considerable realizing and short selling by professionals May = closed at 9 Corn Cor the greater part of the session ses-sion was very active with an increased IS outside interest May wheat traders were In the wheat pit bidding for corn and ree shorts were also active buyers Prices held mo tho firm to the end May closed c higher at ah 30l I oOOats ein Oats were almost a counterpart of corn Ige The market started very firm and active try The war talk was a factor May closed try ic higher at 2323 are Provisions were quite active and firm aroM during the morning Later in the day the ie < 3 advance was all lost the close beng easy on May pork closed 5c lower May lard unchanged on un-changed and May ribs 2c lower onF Toe leading ruturea ranged aa follows ch WHEATSNO 2 lit re rean Low Cbos an I Open High t I JU3 Dec 09 99 07 ½ OSI cl Jan 95 ½ 95 948 94l nd Slay 94c5ii9494i93fO3 58 ho hoa CORN No i I inof a I OpenIHIghtLowt Close 4 > ro Dec 2G5 27 2Gi 27 V id idnd Jan 127 j27Vi 27 2714 ndI May 2929j30 2929 3O I July liSQJii 31 < g31 3Qfl 31iR ho OATS No irt lit I Open HlghI 1 Low 1 Close of Dec 123 J22 ho May J23eJ23I23 J23iJ23 ½ 23 fie MayMESS ris MESS PORK Per barrel isal of I Open High I Low I Close n 79 or Jan 870 8 75 i S 70 3 75 May 9 02 23LS io 8 9 st S LARD Par 100 Pounds JO 1 I OpeTH1chiThow I I I Clo eT 1 Dec i 4 45 1k Jan 4 52 4 57 4 4 55 k May LLL5L 470 i32I 3th SHORT RIBS Per 100 Pounds It I Open I High I Low I Close o Jan 4 42 4 l22 4 40 4 40 Cash quotations were as follows Flour Fairly steady Wheat No 2 spring SO00No 3 spring 33 191 No 2 red 93 Corn No 2 27 No 2 yellow 27 27Oats Oats No 2 2323 No 2 white fob 24tf25 No 3 White fob 24g25 Rye No 2 45 Barley No 2 fob 2610 Flax Seed No 1 117fefl21 Timothy Seed Prime 270 Pork Mess per bbl 770fi < 775 Lard Per 100 lbs U5457 Sides Short rib loose 435S470 Shoulders Dry salted boxed i Sides Short clear boxed 470ft4 Whisky Distillers finished goods per gallon 119 Sugar Cutloaf unchanged San Francisco Wheat San Francisco Dec 27WheatStrong May 141 Omaha Live Stock Omaha Dec 27 Cattle Receipts 1300 Market active Native beef steers 3OlJ 490 western steers 3600420 Texas steers 3003GO cows and heifers 3iJYp < > 400 canners 2006290 stockers and feeders feed-ers 360ii440 calves 400S600 bulls and stags 2WXtt3GO Hogs Receipts 2400 Market 5c higher Heavy 32QQ3 mixed 325330 light 332S3 43 bulk of sales 325335 Sheep Receipts 500 Market steady Fair to choice natives 370440 fair to choice westerns 3CO125 common and stock sheep 300400 Kansas City Live Stock Kansas City Mo Dec 27 Cattle Receipts Re-ceipts 7000 Market stronger Texas steers 300435 Texas cows 225S325 native na-tive steers 350495 native cows and heifers 175 390 stockers and feeders 300440 balls 200475 Hogs Receipts 6000 Market strong to 5c higher Bulk of sales 337342 heavies hea-vies and packers 330S345 mixed 330 342 lights 325342 yorkers 340 342 pigs 3iX > < 325 bheep Receipts 1000 Market firm Lambs 375650 muttons 250S455 Chicago Live Stock Chicago Dec 27 Cattle Sales were on a basis of 370400 for most lots up to 5 50fio 40 for strictly choice to fancy cattle cat-tle the bulk of the sales being at 425 50U Feeding cattle 3isO425 The most important sale of cattle was that of a lot mostly polled Angus at 530 The range of prices was from 36W575 Hogs Sales were at an extreme range of 325it355 for culls to prime lots of hogs wIth the bulk of the transactions at 340 Jt342 Sheep were wanted at 27Sg350 for inferior in-ferior to common up to 465470 for choice flocks with fed lots predominating and selling at 360465 Lambs were active ac-tive at 400l7o for the commonest lots up to 5755S5 for prime a few iopound lambs selling at the top price Yearlings sold at 44011590 Receipts Cattle 15000 hogs 23000 sheep 16000 16000Coffee Coffee and Sugar New York Dec 27 Coffee Options closed steady net unchanged to 10 points Sales 7000 bags including May 635 Spot Rio qulet No 7 invoice 6 jobbing 7 mild quiet Cordova 8h15 Sugar Raw strong fair refining 3 centrifugals 96test 4 refined strong mould A 5 standard A and confectioners confection-ers A 5 cutloaf and crushed 5 powdered pow-dered ana cubes 5 1516 granulated 5 |