The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-08-08

Furnished by the Annotated Press Go thn
State journal
CHICAGO, Aug. S-Grains opened ex-
cited and higher again today but the
fluctuations in the early trading were
not SO large as they were yesterday. The
dominant feature is still the corn crop
situation and other cereals merely hue-
tuate in sympathy with corn. Country
buying orders continue 10 push prices
upward The givers OF these orders who
are in the midst Of the corn belt. know
the situation at first hand and know the
weather has not been kind to them.
Today in view OF yesterday sensation
al advances, local traders feel that the
prices for grain and especially corn, are
perilously high; that in fact they are TOD
heavy, and that anything like general
rain within the next few days would De-
likely to cause disastrous slump ln
values So they are still fighting the
advance more earnestly, If possible. than
heretofore. The country speculator,
however, continues to look at the brown
fields and blue sky and then telegraph
his broker to double his buying order
This, with the bullish state crop reports
the continued high temperature, scorcb-
ing winds and lack Of rain Throughout
the corn belt, together with strong ca-
bles, were the bullish influence at work
when the market opened.
The sudden slump in corn soon after
the opening was due 10 the giving out
try stop loss" orders which were placed
at about one cent below the opening
price, and which we're reached through
heavy sales by local dealers. The cnuu-
try has evidently come TO the conclusion
that corn is high enough for the present
and the buying orders which have 10 for
| doomed the market failed altogether
soon after the opening Corn broke
cents. May, which sold early CSC Doc
tumbled 10 SIC. September, which
.. B, q -
90 cents.
September corn started at 002{c, ad-
vanced &c higher than the markel yes
terday and j &c higher than yesterdays
closing prices, but on heavy offerings by
local traders, broke at once TO 681@. then
rallied to 3D. but reacted to 5J1 (; doomed
again to % &c, off TO 561S, aud back lo
| 5715. May in the meantime sold az high
as 81 81 and as low as 81
September wheat opened at lli6 to
% Ia, against J75s at the close yesterdays
4 huctuai ed for "a time between 90 q aud
5S14. fell to 90 bus reacte q 10 5658.
Estimated receipts for Thursday.
Wheat 45J cars, corn 100 cars, oats $40
! cars. hogs 10000 head
Oats sympathIzed with other grain.
J opening "a 3sc higher.
| Provisions were firm and slightly high
er.
In the later dealings both wheat ana
corn became steady, with fluctuations
confined to narrow limit eoIu@M ilHE
above the lower range at the earlier
prices Ii is aid that on the early break
September corn, after having sold at
6l16 touched 53c, a sheer tumble Ol
cents.
Hog Receipts for today 8,1OO; official
yesterday 1927; shipments yesterday
1892; left over about 300; quality
little better Market active and firm; best
grades SOLO lower. Sales 40 s49l Dt5.81
for light; $4.S Qg495 for rough packing,
$5.OO0154O for mixed; S5lOM51O for
heavy packing and shipping lots; pigs
$435M49O
Cattle-Receipts for today. 1900.
receipts yesterday 4.S1O; shipments yes
terday 1,S5J. Market fairly active aud
steady.
sheep-Receipts today 1000; receipts
yesterday 5,427; shipments yesterday
1905. Market steady.
WHEAT-Steady August bass 6tJ4l6c.
September 55B mJ6e; December $50
CoRN-Lower. August 5J16; Sep
tenb 55A
oArs-L5wer. august, a2ei Sep
tember, 3s16c; May. 3616c.
PoRK- Easy. September, $3.50;
January, $13.2215.
LARD - Easy. September, &L2715f
January, $Z15.
RIBS = Easy September. s69256e;
January 1918.
RYE-Steady 491Ic.
BARLEY-Firm 50.
FLAxsEED- &128
TIMOTHY SEED-Steady. S485.