The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-08-09

CHICAGO. Aug. Son the board of trade
today fight sprang up at the opening to
buy corn and it was followed in short or
der by an equally urgent aud much more
general struggle TO sell. No ordinary con-
cessious on the break could induce buyers
to come forward September broke So
cents before the demand arrested the de-
cline.
The fluctuations were the widest and
most sudden in years. Prices covered a
Gds15 cents range. The feeling was ner-
vous and feverish all day and all kinds of
prices prevailed at the same moment in
different parts of the crowd. The opening
was the scene of the widest confusion and
the first trades were anywhere from = un
der to cents over the final figures of yes
terday, with September at 6l13 cents. 1t
sold down + cent from the previous low
prices, rallied : cent, then broke 35&@5
cents, rallied 1905 cents, declined 3ss
rents and cents, ruling irregular, and
-losed at 553t.
PUZZLES THE SPECTATORS.
There was heavy realizing at the start.
but the demand was also brisk, aud, dur
ing he first half hour, the market held
fairly steady. There were all kinds OF
orders in the market early, but they were
soon filled at various prices, Later on the
buying fever died out some, aud some Of
The largest ommission houses selling
freely made prices decline with lag cents
difference between trades, until a 81 cent
decline had taken place in September. and
cent break in MAY. The sudden re-
action caught countless stop loss orders,
the executing of which only tended to IN
crease the panicky feeling and repress the
market
At the decline fresh buying was en-
Unused into the market, and prices again
turned up, advancing with little reaction
10 81 cents Tor May and cents Tor Sep
TENDER As was the case yesterday, the
interest all conferred in September aud
May. October and December were also
traded In freely, and sustained ups and
Gowns with the course Of the leading de-
liyeries.
DELUGE OF SELLING ORDERS.
There was perfect deluge of selling
orders on the market, commission houses
and brokers all endeavOring TO dispose OF
long" corn when the early break started,
and this was not checked until 81 cents
was touched for May ard 50 cents for Sep
TENDER. There was no rain in the corn
belt, and advices from the west were about
as "bullish" rs heretofore. The Washing
ton forecast was not very encouraging.
with indications of rain in the west, but
cooler temperatures. The market today
WAS not governed by ordinary influences,
they cutting but little figure, il was sim
ply matter of selling orders exceeding
buying orders at different times and vice
versa. Ii WAS nearly noon before the mar
ket quieted down and even then It was
very nervous and unsettled.
WHEAT ACTS WITH CORN.
INba., fill ,-,ith oorn and clo.ad ,-nalr n+
IA cents below yesterdays latest quota
tlons Provisions and oats acted in sym
psthy with corn and wheat
Wheat was active and unsettled with
fluctuations within a range of 2l5G256
cents. The opening was Is 10 81 of IA cent
higher at SIS cents for September, but
immediately weakened aud prices, with
some fluctuations, declined 2SS cents, then
rallied and eased off, declining 5s@% cent,
and closed with September 80 cents. The
early advance and higher opening was due
10 the continuation OF previous weather
cendisions-dry hot weather and higher
cables, but the heavy selling pressure in
corp influenced free selling in wheat, and
under liberal offerings and a great dispo-
sition TO realize, the decline followed.
There were no reports of rain and on inai-
cations of rain. The market, like that for
several days past, was influenced entirely
by the corn market.
There was very good country buying to-
day which prevented a further decline.
Shorts also bought more moderately at the
decline. There were very good export
clearings, nggregatiOg 1853, 900 bushels of
wheat and flour. of which 1O4 coo was in
flour
The weather in EuRIand was reported
showery. Gables were higher, closing at
Liverpool $.@l116 pence higher; at Ber-
lin about rs pfennig higher. At Paris
-four was IS confines higher, and wheat
1@l& centlmes per bushel higher. Ant
werp was unchanged.
OATS ALSO FOLLOW SUIT.
Oats were very unsettled. The market
followed corn in its fluctuations. The
range 2&. Provisions were unsettled, lu-
fuenced by the wild fluctuations of corn.
Compared with last night, September
pork is ~ cents lower; September lard,
Pa ceHts lower, and September ribs,
cents lower.
Chicago MRrKeE
CHICAGO. Aug. s
The market today experienced the following
range or prices.