Omaha daily bee., 1895-08-04
COMMERCIAL AND FINANCIAL
Wheat Lost One Cent Early but Recovered
Partly.
CORN WAS DECIDEDLY WEAKER YESTERDAY
II Was Merely Continuation of the
Eject of nm Expected Stupcnd-
ous Crop-Onts sold
Very Low.

CHICAGO. Aug. 3.-Wheat at one time
today had lost 1c per bu. Of its previous
closing price. but recovered iaC of this. 1t
had to go to an export basis and did. 100,
600 bu. being reported taken here today for
foreign account and shipment. Corn and
oats had further heavy shavings planed of
their already thin values, and at the close.
compared with yesterdays final quotations,
corn was 1c per bu. lower and oats &c
lower. Provisions had TO depend upon
shorts to do the buying. which caused
prices to rally near the close to about the
level of yesterdays resting rates.
Wheat was weak at the opening and then
became suddenly stronger for a few min
utcs. The first trades We're at from 6SAc
to 6Sl4c for September. and inside of fifteen
minutes it had risen to 69Ac. AT that point
the offerings and sales of about 100000 Blu.
by a prominent operator appeared to alarm
the operators, The price broke again in a
hold II about the level of the opening
price, to which II had returned, the hold
ers sousht Lutther rellet and made another
general rush to throw overheard a greater
load of their holdings. Before II O'Clock
September wheat had declined to 6Ilac. or
a little more. than 1c below the close of
yesterday. OF fresh news to account for the
days additional weakness, there was none.
The English markets were closed. this be-
ing q bank holiday in England, and there
was nothing fresh in the domestic situation.
The European continental markets were,
supposed to be because of Wet weather. the
European winter wheat harvest being in
care of the cut grain being much inferior
to those in use here. Chicago receipts were
were new red. and only six of the latter
We're contract quality. Minneapolis and
Duluth received niuety-cne cars. against
primary western markets was So. coo bu.,
compared with 10000 bu. on the correspond
Ing day of the previous year; The weeks
cleHr1nceS OF wheat at and from both
coasts amounted to 1,460,o0 bu., against
exports were equal to about III. 600 bu. The
Paris market came unchanged for wheat,
but 20 centimes higher for flour. Berlin
wheat shipments for the week were 5000
bu.. so that the competition, of that coun-
season. Russian shipments should also be
r ISdse ed temtIPosar tEe a nur ieast; and impoy With
H HaHS S soid 5000 5S5Sy b IN for 5Hn export a'fe'i BaI.
Fifty thousand bu of wheat sold
for export, and working on 5000
10000 SSu.N on Monday. After Stirling S71sS
closed at from 677sc to CSC.
The corn market was weaker again today
st'a 4gc Sef imp a r tS i ES, SedR pSppeS to op Ii&si
and closed at from 9lfsc to 4iac. May
from 3c declined to 34ssc, and closed with
sellers at 34ac. 1t was a mere continual
ton of the effect of an expected stu
pendous crop: The days receipts were 400
cars. New York reported forty boatloads
taken there for export. Freight room for
10000 bu. was taker here. Argentine
shipments for the week were reported at
ESQ, 900 bu.
Oats sold today at the lowest point ever
reached in Chicago at this season of the
year, and under any price that has eyei
been touched at New York at any time.
Cudahy bought in quite a great deal of
September and sold May at a difference
of 3lsc. Advices throughout the oats grow
ing territory state an enarmou crop Is
probable, and with the fine clear weather
row prevailing it would not be surprising
to cut another almost equally as large.
September was offered at mac, sold up to
2lac with the corn market, declined to 2lc,
and closed at exc.
The provision market was affected by the
small run of hogs to start with, then by the
weakness of corn, and later by covering of
shorts. Owing to the last named cause
pork recovered l2lac of the 15c decline, and
lard and ribs each rose sc above the lowest
price they reached early in the session.
The. hog, receipts today We're only 1000
head, and for the week SO. 900 head, against
1872 I5 head on the corresponding week of
the year before. The next week a run of
5000 head is expected.
Estimated receipts for Monday: Wheat,
~ cars; corn, 500 cars; oats, 255 cars: hogs,
5000 head.
The leading futures ranged as follows: