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

CHICAGO, Aug Tt wildly bullish ses-
sion in all the grain markets and heavy additions
were made 20 prices. Corn led, as it has been
doing of late. and sold for September as high as
soc per bushe when wheat was ltiH being quoted
at sec.
May corn reacted with gain of 57sc. Wheat
caught the fever when the session was about half
over, and gained 2$4c winding up with 212c to
the good, oats rose from 294c to &c. anc pro-
visions also made handsome advance.
Wheat was more active within higher range
The feeling developed was stronger, being In
fuenced altogether as was the case in oats, by
the action OF corn, the prices being helped and
sustained by the co urse of that cereal. Opening
trades were At 7s9lc advance, and soon sold up
1890 more under an urgent demand, eased off at
IGlI4c, rallied &C, changed some ruled steady
and closed With September At 5714c.
There not much ncws in the market, the
passage figures showing an increase OF $4,000
bushes, and early public cables were a little
Steadier. Private cables quoted Liverpool quiet,
rather steadier and the weather shOwery, with
shipments increasing and the closing very firm on
bad weather being Sd up
Wet weather abroad was the only new feature.
Local receipts were about as expected, ana the
estimate for tomorrow still arIe at $50 cars.
Outside markets were all higher. Receipts IN the
oTtbwest were much smaller
In Corn there was an unusually heavy trade and
al active, nervous, unsett ed market, with prices
very irregular. Fluctuations were covered at
47sc 10 $3.50 range and changed suddenly and
frequently within these limits.
The opening most excited and wild, all
; cents at tle same time in different parts OF
:he crowd. 1T was the most excited opening IN
over year and with few exc -ptions the most
irregular on record. Local shorts evidently began
to realize the seriousness of their position, and
many hastened 70 provide for OUTSTANDING con
tracts tap of the bell to-day. Initial trans
actions at l laGls4 above The final figures of
yesterday and instantly sold at soc for September
and 1894 for May back TO sec ana 5213c respect-
lively. all within the first Il teen minutes OF the
Sc sion. Prices afterward advanced IA,
eased of -, rallied p. g "a. changed some and
closed with September at 5912 There was NJ
rain In the corn belt outside of a little At Vaen-
tine, Nebr., and temperatures were all consid-
eraby higher.
he fact that the citizens OF Nebraska have Pc
titioned the Governor for aid for the growers IN
the Central part OF that State. whose crops were
ruined by the drought, confirms the reports OF
damage from that section and the trade are be-
ginning to give adviceS from the West OF more
serious conditions. The above news among
the many factors viii had good deal do
with to-day's sudden and sharp bulge. There
were all kin DIS of orders executed at anything like
the limits given. Snort in their frantic efforts TO
cover aud ia the absence OF offerings bid the
price up cents at a Jump. the price OF september
ten minutes after the opening being So and 90
cents at the same time. During he excitement
the trade centred largely In May and Septem Der.
and it was most difficult 10 trade in any other OF
the DELIVERIES October and December for somei
minutes after the market opening had subsidized
The local forecast did not predict any moisture
for either Iowa Illinois but the Signal Service
at Washington predicts showers for Iowa and
Nebraska tonight showers wednesday. The
prediction caused prices 10 hold while, but did
not last long, ana soon aItelWhh Aka'n scared
higher There was some local realizing on the
advance, but the interior longs In many instances
are holding out. outside markets were all up,
New York advancing 312@4c and st. Louis 40
412c. Gables came in with "a advance on botn
spot and futures.
oats were active and excited with a wild rush
at the opening to buy. The market derived all its
strength from the advance ia corn. The range for
Septem Der was &c.
Provisions were more sctlve and stronger on
the bulge in corn. A reaction In the middle of the
session was overcome by good demand. and the
finish was nearer the top. Compared with last
nights close September pork WAS 1712c higher
septic mBer lard 1219c higher, and September
ribs sc up.
Inc leading futures ranged as follows: