The morning call., 1894-08-09
Chicago Markets.

CHICAGO, Aug. S.-After a fight at the opening
to-day TO buy corn there followed in short order
an equally urgent and more general struggle to
sell. y 0 ordinary concessions on the break could
lnduce buyers to come forward. September
broke s1ac per bushel before a demand suniclen:
to arrest the decline developed itself. The net
decline at the close since yesterday was limited
to 3s4e May lost 21ec as the result of the days
trading. Wheat followed corn and closed weak
at lac below yesterdays latest quotation. Pro-
Visions and oats acted in sympathy with corn and
wheat. Wheat was active and unsettled, with
fluctuations within range OF 2La61 $3.50. The
opening was $50 "a higher, at 511zc for Oeptem-
er, but Immediately weakened, and prices, with
some fluctuations declined 25sc, then rallied &c,
again easrd off. declining 559$4c and closed win
Septe mber at 56c.
i he early advance and higher opening d ne
to d continuation OF weather conditions, dry hot
weather and higher cables. but the early selling
pressure in corn Influenced free selling the
wheat. and under liberal offerings and a general
d1sposftIon to realize the decline followed There
were no reports of rains IN the West and no ihdi-
cations in that quarter.
! he market ike that of several days past, was
influenced entirely by the corn market. There
WAS very good country buying to-day, which pre-
vented a further decline. Shorts also bought
moderately at the decline. There was very good
export clesTings, aggregating 10000 bushels of
wheat and -four, OF which 100000 bushels was Ia
-four.
Weather in England was reported showery.
Cables were higher. closing at Liverpool being 34
Ola higher. Paris flour was rs confines higher
and wheat Is higher Antwerp WAS I'M
changed. Corn again active and excited with
fluctuations the widest and most sudden in years
Prices covered 6@612 per cent range Feeling
was nervous ana fegerish all day and all kinls of
pr ces prevailed at the same moment in different
Oarts OF the crowd The opening scene was one
Of wild confusion and first trading anywhere
from 19c under to &c over the final figures OF yes
terdsy with September at 571sc, sold down 19c,
rallied lac, broke 312@5c, rallied 3A@5c, de-
clinCd 2@sc, ruled irregular and closed at 654c
for September. There was heavy realizing from
ing the first half hour the market fairly
steady There were all kinds of orders in the
market early, but they were untitled at various
Later on the buying fever died out some and the
selling incr ased, some of the largest commission
houses selling freely, report being circulated
that Iowa was selling literally, and one concern
was credited with dtsposing of hall million from
that State. which started local longs realizing and
prices declined suddenly with 1 per cent differ
ences between the trades, until an S12c decline
had taken place in September and sc break 10
May. he sudden reaction caught nun berless
Thousands of stop-loss orders. the execution of
which only tended TO increase the panfcky feeling
and depress the market. AT the decline fresh
buying was enthused into the market and values
again turned up advancing with little reactions
614c for May and &c for September. AS was the
case Yesterday: the interest all conferred In sep
TENDER and May: October December also
being traded In freely, and sustained ups and
downs with the course OF the leading deliveries.
There was perfect deluge of selling orders
the MARKET commission houses and brokers all
endeaVorlng TO dispose OF ''long" corn. when the
early break started and not checs ed until Sic
was touched for May and $50 for September.
There was no rain in the corn belt and advces
from the West bullish. as heretofore. The
" Washington forecast was not very encouraging,
indicating no rain in the West, but cooler tenn
peraturrs. The m rket to-day was not governed
by ordinary Influences they cutting bat little fig
Ure 1t waSslmply a matter OF selling orders ex-
ceeding buying at different times ana vice
1t nearly noon before The market had quieted
down TO any noticeable extent and even then the
market was very nervous and unsettled
Oais were active. The market followed corn in
It's fluctuations. The range for September was
255c.
Provisions were unsettled, influenced by the
wild fluctuations OF corn. Compared with last
last night September Pork is lower. September
Lard &c lower and Septem Der Ribs SC lower.
The leading futures ranged as follows: