The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-05

CHICAGO, Sept. 4-Corn hesitated at the
start today, but, buoyed up by crop dam
age reports, advanced later and wound up
strong, dragging the other markets up
with il. May corn closed l cent higher,
December wheat 3! cent higher, aud Sep
TENDER oats u cent higher.
Provisions finished strong at liberal adj
vances all around The price Of wheat
during the first half hour OF the ses-
sion gave evidence of little change in
the ideas of the spectators regarding
its value. Five minutes after the opening,
the early orders from country customers
appeared TO be exhausted, and the price
of December 5615 cents in three minutes
had ruled about 4 cent higher than Sat
urday's closing price and returned TO
about that level again. Ia the course of
the next fifteen minutes there Was an
other slight rise. The market began 10
weaken again, when the figures OF
the visible supply statement were
rece iyed. December, which started
at 56Js sold off to 565s cents and recovered
again 10 81; reacted to $50 cents TO 365z
cents, the visible supply indicating an in
crease of about 1000, 900 bushels. When
the amount of increase was found 10 be
2, 10, 600 bushels. tie market recovered on
purchasers by the scalpers, upon their
finding that outside selling orders were
not forthcoming, even with such tempt
ing condition.
Corn near the end OF thu session, put
some fresh yigor into the market. and adj
vanced it to its highest point, 51H cents
being quoted for an instant, and Closing at
81 cents.
Il ~ CHI
strength Immediately at the opening, but
it did later, and It kept the shorts on the
boiler during the greater part OF the ses-
sion. The weekly local bulletin FOR Iowa
WAS received by a house here who said that
it reported 80 per cent or the corn crop cut
for fodder in many of the southern counties
of that state, aud that rs high as 81
per cent of it had been similarly treated ia
some other counties. That WAS perhaps
the main reason for the strength which was
developed in corn. Corn came IN freely,
but a good number OF the big local shorts
stood pat. There was decrease OF ~ OOO
bushels in amount of ocean passage. The
visible supply increased 114,OO0 bushels
compared with an increase of l'!,OUO
bushels last year. May corn, which
on Saturday closed at 80 cents,
started irregulaTly af from 52ts cents
to 5315 cents; those were the lowest
prices of the day. It rose on
the first swell TO 81 cents and after react
ing to 53Sk it advanced again to "a cents
and some few sales at high Us 541s cents;
closing At 81 cents.
Today almost everything in oats was
bearish. The session was active at times,
and during the day quite a fair business
was transacted. mostly local. however.
September started steady at 2914 cents.
sold up to 1855 cents. was weakened
slightly by the visible supply and sold
back 10 295s cents, rallied again and closed
at 29% cents bid
Dearer hogs, higher corn end the buying
of the Anglo-American Packing company
were the principal reasons given for an-
other considerable advance in the price OF
provisions. The market opened firm,
gradually improved and in the end it was
quite strong at the high point of the day.
Compared with Saturday night. January
pork is % cents higher. January lard -
cents higher and ribs 10 cents higher.
Chicago Market.