The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-08-31
a G. ain.

| CHICAGO, Aug. 30 The markets turned
/ today after 4 weak opening and ended
/ with gains all around. Talk of wheat for
| feeding. fair buying and liberal clesrances
| firmed up wheat, and the crop damage was
the factor in corn. December wheat
closed IS cent higher; September corn q
cent higher and September oats = cent
higher. Provisions also closed with mod
crate gains.
Wheat opened rather easier on the con-
tinued free deliveries from the farmers in
the northwest. Gables reported foreign
markets easier, hut did not report any
marked weakness Trade was rather
lighter for fifteen minutes at from * to =
cent lower price than the current quota
tions at the close OF the previous session.
At the end of that time, few buying
orders from outside revealed the fact of
considerable local shortage among local
scapers,
For while they jostled and crowded
each other, although Partridge and Leem
ing and some others of that contingent
had both bands up selling wheat. The
buyers kept up the rush, however. until
they had AIDED IS cent to the lowest price
al 56E cents, with a few transactions al
56}4 &565s cents. 1t kept alternating for
about fifteen minutes between 561[ cents
buyers aud 565s cents sellers, aud then
frmed up TO 5655 cents. II did not get
below 5613 cents during he day, sentiment
seeming to harden on higher prices, De
cember closing at 81 = cents.
The new approach of delivery day on
September contracts had restraining in
IL 4
not prevent the market from advancing,
although it curtailed the volume of bu-i-
ness. Corn started rather weak, but
changed from hat TO rOng as the session
progressed. There was no frost any place
where corn grows contrary TO the predlc-
ton of the local weather bureau reports,
aud that had something TO do with the
easier tone of the market at the opening.
The corn country bad recovered none from
the drouth condition and that gave
the market strength. September opened at
"a cents sold very sparlngly at 545s cents,
ana after that became very strong and
hard to buy until it had advanced to over
% cents. AT O'Clock 1t was bringing
55l4 cents, closing az 553E cents. May sold
a. the opening at 521I cents aud 521S cents,
and touched % cents before IT turned upon
The few who were inclined TO sell IL. Some
of those who have been heavy sellers for
few days stood around the pit watching
tue price go up, evidently putting some
restraint upon themselves to keep from
turning on The buying side bat it may DE
said as a general thing the big local shorts
are still snort. May was wanted at 525.
cents at the close.
The session of the oats market was ac-
tive almost all the time, and quite good
business was transacted. Like corn the
feeling was weak at the start and prices a
shade lower than they closed yesterday,
but when orders came piling in from al
most all sources, especially from the coun-
try, the -aslness was supplsnted by
Strength which lasted through the greater
part Of the remainder of the day. Septeni-
Der opened IS cent lower At 20 S cents aud
sold gradually up TO 29I4 cents, where ii
closed.
Provisions were firm. Notwithstanding
a good many sold 20 realize profits. The
packers sold moderately, in January de-
lveries. but there We're orders from out
side sufficient to absorb the offerings with
out adversely affecting the price. The
September and Ootob-r deliveries were
again the strongest The receipts of hogs
were 1900 instead of the % 600 estimated
Yesterday. The deliveries show the fol-
lowing advances: Pork 15c. lard sc and
ribs 752c. Tue gains in January are p &c
in pork. 7jEc in lard aud y 90 in ribs.