The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-08-21

CHICAGO. Aug. 2O-The grain markets
started weak today. but wuund mp firm
and with a flourish Good demand in
wheat and corn caused The strength in
these markets and oats followed. Wheat
closed with Fl gaiu Of ~ cent Tor Septem-
Der Corn closed l cent higher, and oats
gained Is cent Provisions flushed higher
all around.
Wheat was quite active within the es-
tablished range of I q cent. The feeling
displayed was stronger Initial transac-
tons were at an Is to 4 cent decline at
335 cents for September, and grad
ualIy advanced Is to l cent, eased
off Z cent, rallied l cent, changed
some. held steady and closed with Septem-
Der 551l cents The easier opening was
due, to some extent, to the action of corn,
which opened of, and to the large receipts
of LIB cars New York, however, was
firmer and there was decrease on ocean
passage, which concentrated the weaker
tone. and on free buying by the local
crowd, the price advanced, ard was
further helped later by tue increase in the
visible being smaller than expected, and
free acceptanees by the continent of offers
from this side. Cables came in stronger
and continental advices were ''bullish' in
tone, which helped advance prices. The
weather In France was reported wet aud
was also something of factor The
moderately sharp upturn IN corn also
caused the upward tendency. New York
was good buyer and local shorts" who
sold freely Saturday covered on the up
turn today.
Corn was weak at the start, but soon
firmed up. Local players were covering
shorts, and did not find sellers as plentiful
as they expected. The country sent some
more buying orders and both classes Of
buving were in active competition at times
tor very limited offerings. Crop reports
were generally as bad and in some cases
worse than before. There was an active
demand in the cash crowd for the earliest
offerings to go to store at g cent per hushel
over the September price for No
yellow and at September price for
regular No. 2. September sold at the
opening at from 523s cents down to 524
53$< cents. May began at from 5l@518
cents. sold as high as 531s cents and closed
at 521a cents.
The activity in the oats market did not
amount TO very much but during the ses-
sion quite good business WAS transacted.
Even Win n decrease IN the visible supply
Of oats OF ], 7S9, coo bushels, the market
ruled firmer, influenced by corn. Sep
TENDER opened 4 cent lower than it closet
on Saturday at 29J9 cents. sold right up TO
30ts cents and closed at 3015 cents bid.
There was a fair amount of trade done
in the provision pit, but prices were higher
from the start, differing in that respect
from the grain markets. The market
stiifened as the session progressed. The
hog receipts were only $4,000 today instead
OF "a, 900, as had been estimated, and only
100 900 head Is estimated for tomorrow.
January pork found buyers at the opening
al Sl345, as against $3.50 at the close of
aad advanced TO and closed at
1890. Lard is 10 cents higher than at the
end of Saturdays session aud ribs IL cents
higher and advanced to and closed at
SI9G0.
Lard is 10 cents higher than at the end
of Saturdays session and ribs "a cents
higher.