The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-08-19
Prices +.

CHICAGO, Aug IS-There was a light
speculative business In wheat. the range
tor the day being limited to 3S@55 cents.
| The feeling was easier First trades We're
ut fractional advenc ut 54lI@54j5 cents
| Tor September. but did not hold, and II
! $5@55 cent reaction set in, followed by a
| 1s@5s cent rally; became quiet, ruled
-tetdy. and closed with September at
| 1874 @53I9 cents. The early firmness was
| attributed to the receipts falling off over
100 ears from the estimates aud to d
smaller movement in the northwest; and
| the cables. while dull, showed no decline,
all OF which tended to strengthen prices.
The market, however, soon sympathlzed
with the decline in corn, aud lower prices
followed, the northwest selling noder-
ately. Prominent local spectators also
sold freely, which assisted the weakness,
the buying being confined principally TO
shorts. Elevator people were moderate
sellers. Reports frou the spring wheat
country Came in ike those from The south
west one month ago, stating that thresh
ings were turning out considerably larger
than expected. Private cables quoted the
weather showery in England anu the mar
llet quiet and rather weak, with prices un-
changed, and added that the French crop
was ascertaned to be large, but the
quality reported as unsatisfactory.
The crop damage saTce largely collapsed
today and corn, which a week ago was so
exceedingly buoyant that it was able 10
lit not only itself, but every other market
on the floor, was heavy lead and closed
with loss since yesterday OF cent per
Eushel.
Wheat joined the funeral march of corn
only TO the extent of y cent per bushel.
Provisions followed the procession reluc-
family. closing ut a moderate decline. The
corn market was weak and appeared 10
need more buying orders fnom the country,
as the demand was very light The gen
eral impression that the crop damage had
been over-estimated was chiefly RESPONSE
bic for the decline. Trade was fairly
active. Receipts were only 245 cars
and for Monday $50 cars are estimated.
The highest prices of the day were made "A
the opening and those were at a trifi- i'm
provement upon the closing rates of the
day before. The price on September de-
Glued / Is cents under the highest il sold
for at the opening and it left off l cent be-
low its current value at the close yesterday.
May pursued similar course, gaining for
an instant at the start cent on the pre-
vious afternoons price. but dropping l
cent OF that and closing with neat loss of
Is cent for the day. The opening was at
from 521s TO 90 and il closed at 5l5s.
Trading in oats, while active at times
during the session, amounted in all to
Very good days business. The tone of the
market was easily Influenced by the
actions of corn. September closed Is
cent lower at 29$4 cents bid, after having
sold 3O12 cents To that price. May ranged
from 34%4 TO 3f$s cents and ended with the
latter price bid, IA decline of IS cent also.
Provisions opened higher on light live
hog receipts but under increased fferings
soon sold down. Some steadineSs was de-
veloped near the close on moderate buy
ing, and a slight reaction followed. Com
pared with last night January pork is p
cents lower: January lard 5 cents lower.
and January ribs 10 cents lower.