The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-08-22

CHICAGO, Aug. 2l-The board Of trade
Spectators were anxious 20 buy today,
and, as a result, the market finished with
gains all around. Wheat closed = cent
higher; corn ~ cents higher and oats z.
cent higher. Provisions closed with but
little change, after an early advance.
Wheat was somewhat irregular with
price changes rather frequent within l s
cent range. The market was steady.
Initial trades were at 5s94 cent decline
at 54I955 cents for September, and sold
of at once &GH cent more, advanced *
cent, worked back q cent, then advanced
l Is cent, held steady and closed with Sep
TENDER at 55]E@55H cents The
early weakness was attributed largely
to the Illinois crop report which
made the yield Al, 1856, 900 bushels, or the
fourth largest on record and also TO the
favorable crop news from abroad. Out
side markets were easier and were also
something Of factor. The receipts fell
off considerably from estimates, only 400
cars coming in, against 200 expected. and
cables were up a penny all around, which,
while bullish, was offset by the foregoing.
The market sold up rather sharply when
corn showed up. Private cables quoted ii
small inquiry but the prices Il penny
higher, and other cables read wheat
pence lower. but Inactive. Weather
showery. There was rather free sslling
later in the day, which together with
the closing cables showing weaker turn,
caused prices TO recede to about inside
figures The estimates for tomorrow
showed a still further falling off of 365
cars.
There was a rumor that the Roumsnia
government had restricted the exports OF
maize, and owing TO the shortness OF the
crop of the liberal export business, aud
covering by shorts there was a consider
able churning Of the corn market during
the first hours of the session. Prices
changed rapidly without the accompsni-
ment of any great amount of business.
There was some demand for local shorts,
and not enough offered TO supply them
until they had bic the price up l cent per
bushel for May, and ~ cents for Septem-
Der above prices current near the opening
for those deliveries. When that demand
was satisfied, prices began to settle back
again, and before noon they were both
down to the level of the opening quota
tions. Shortly thereafter another squirt
took prices back up to near the highest
point Of the earliest bulge.
September WAS difficult TO buy when
wanted and occasionally it was equally
hard 10 sell it. 1t sold around the opening
at from 535s to 541I. and from that up to
80 cents, then off to 54}l cents, and up
until il touched SOS cents. 1t closed at %
cents.
Oats experienced another day of active
trading and higher values. Corn continu
ed to influence prices aud quite an advance
was shown. Buying was good from all
sources. September started = cent up
from the closing price yesterday, at 3oas
cents declined TO sos cents, advanced TO y
q q and closed at 1913 cents.
Receipts of hogs We're only 1900 head,
and good grades were quoted rs in good
demand at trihe higher prices. That
and the strength in corn gave the provis-
ion market its opening direction. The
fluctuations in pork followed the
course of the grain markets for a
while, but in the latter part OF the session
the packers sold freely aud Independently
of strong grain markets, and steadiuess in
lard and ribs. January pork opened at
SIS. 65 compared with 1890 At the close
yesterday. 1t advanced TO Sl3 6715, and
then dropped gradually until at the close
S13 IS was its selling value. Lard for Jan
uary closed with q gain Of Pa cents, and
ribs closed at unchanged prices Freights,
corn l cent 10 Buffalo aud Is cent for oats
to Port Huron.