The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-27

Chicago, Aug. 26.-ProvisionS and
corn continued on the record-breaking
downward course today. September
pork sold at one time at the previously
unheard Of price Of s5.35, and closed Is
cents below yesterdays close. Corn
shows a decline of Y cents, a new low
record. Wheat suffered from PERSIST
ent liquidation and closed half cent
lower. Oats showed some degree OF firm
ness and closed unchanged.
Wheat had a good deal 10 depress it
at the opening. Gables were barely stea-
dy and the money market showed no
perceptibie improvement. December,
which closed yesterday at 6o1zc. opened
at 60660Ac, and under the effects OF
the liquidation which started at once,
went steadily downward. The decline
was accelerated by stop loss orders
and selling on exhausted margins.
Weakness in corn and the decline N
provisions also helped to check the
downward movement. Later, however,
the sentiment underwent a sudden
change, and during the good buying
which followed, the early loss was quick
ly recovered. The basis for the i'm
clearances from the seaboard yester-
day. amounting to over 900, 900 bushels
in wheat and -four. This developed
confidence and there was covering by
the early sellers and buying for the
long account, resulting in nearly all
the early decline being recovered, De-
cember advancing TO 60kc. Liverpool,
which opened steady at yesterdays
closing prices, came half d lower at
the close. Paris was also very weak.
showing a decline equal to 1kc in Sep
TENDER and &c per bushel in November
The advance had meanwhile bought
out heavy realization, and prices
declined again, December touching 591k.
The closing weakness Of ca bles and low
prices for corn kept the market nerv-
ously weak to the close, December clos
| ing at 59zc.
Corn was fairly active, but weak. Sep
TENDER showed the most depression.
There was active liquidation in that
month and it made a new record for
chea pness. May held comparatively
steady, as the sellers Of Septeber gener-
ally bought May. Crop reports were
almost invariably favora bic and the
weakness Of cables was also a depress-
ing factor. September opened irregular
ly lower at 24A q241ac, and declined to
&c. The closing was weak at 21Q21hc,
a full Y cent loss.
3 Oats held very we'll considering the
weakness displayed by the other mar
kets. The cash feeling was weak and
this influenced near futures. Sympathy
with corn was also influential in the
slight decline which followed the open
ing. A good demand for May steadied
prices and the close was steady and
unchanged. September opened I'M
changed at 16c, declined to 15Ac, and
closed at 16c.
Provisions repeated their PERFORM
ance, which has been gone through
with so often Of late, and scored new
low records, pork being especially weak.
Liquidation OF September pork was
very free A weak live stock market
and the apparently never-ending slump
OF corn both contributed 10 the weak
ness. There was a slight improvement
late in the day and closing prices were
somewhat above the low point. Septem
Der pork closed 15c lower, at s5.421h; Sen
TENDER lard, 2A@5 cents lower, at So. s2Ib
and September ribs 5 cents lower. al
$3.15.
Estimated receipts Thursday-Wbeat
100 cars; corn, 500 cars; oats, 800 cars:
hogs, $4,000 head.