The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-21
GRIP SOON RELAXES
WHEAT GETS LITTLE OUT OF THE
GOLD INPORTATI0Es.
Septemb and December Start Three
Eighths Cent Above Wednesdays Clos
Ing Strength Of Foreign Markets .
Factor In the Opening Firmness-North-
western Receipts far Below Last Years
September Closes Cent Lower ON the
Day-Corn About Parallels the Wheat
Program-New Low Record for Pork.

frog m-Nc0 Low 1-cCOtI luz oHA.
Chicago, Aug. a0.-The impetus given
to wheat by the engagement Of gold for
importation. as reported yesterday az
ternoon, was continued at the openins
this morning The starting prices for
September were each q cents per bush
Ell higher than the closing rates Of the
day before One OF the chief factors OF
the opening firmness was the strength
displayed in the foreign markets. Liv-
erpool was quoted as opening firm at
p d per GENITAL advance and London al
Sd per quarter higher for American
wheat. A paragraph from the Liver
pool Corn Trade News was being pa
raded near the opening. which said tina;
the general impression there Of the size
of this years American wheat crop was
that il would be about 40. 0o0, 90 bush
els and that wheat would be IS per quar-
ter highe in the United Kingdom
They believed il to be materially small
err than that. The northwestern re-
ceipts commenced today 10 exhibit con
trast to 'thost of the corresponding time
Of the year before There is still some
of that great crop left, but the daily
exhibit OF the Minneapolis and Duluth
receipts will nevertheless show a dis
crepancy compared with last years.
The two cities received 2S7 cars today
as against 4os cars a year ago. The
Atlantic port clearances were equal 10
396, 900 bushels, -four and wheat togeth-
err Closing cablegrsms confirmed the
strength reported OF the foreign mar
L. 49, bot
hausted all its strength in taking the
little jump IL did at the start After
the early advance, business got slow
and, stocks getting weaker, there was
about as much to sell as there had been
to buy early and all the Improvement
was lost. A runnor that some Of the
gold engaged for importation had been
oountermanded helped TO depress the
price near the end. There was a no.
ticeable lack Of outside support all day
and the consequent dizziness of trading
prevented larger fluctuations than were
recorded. September opened about &c
higher, at 56G56Ac, gradually weaken
ed to 55i4c, and closed steady at $3.50.
Corn was dull, and easier. Prices
were strong early, Influenced largely
by wheat. but were also helped by re-
ports that the crop was hardly so prom
Using as a month ago But after the
first bulge, the market began to decline.
September opened strong at 23%c, an
eighth above yesterdays closing. and
touched e315c for moment, but soon
weakened and n the last half hour
barely touched 23c, the closing price.
Oats were fairy active, and for the
most part ruled easy, although around
the opening, when shorts bought in
some, there was a tendency to do bet
ter. Selling became more general later
and prices fell off and closed just where
they did yesterday. Exchanging be-
tween September and May was a fire.
quent occurrence September opened a
shade higher at 1715T17ssc, touched
17Ac and declined TO 1715c, closing stea-
dy at that figure.
A small-sized raid on September pork
early in the day was the chief feature
of the trading in the provision pit Az
ter 10 cents had been chopped off by
a few small sales, John Cudahy's bro
kers got az it with sledge hammers and
smashed the other 10 cents off in about
twa blows This brought the price
down to $3.50, the lowest point ever
reached The last 10 censt was recov-
cred and the days loss n September
pork was 10 cents. January, compared
with yesterdays closing prices. left off
2II cents lower. Lard and ribs were
more favored and far support given
these commodities. cOunteracting the
effect OF the weakness n pork and clos
ing prices were unchanged 10 21la cents
higher
Estimates for Friday: Wheat. 100
cars: earn. $50 cars; oats, 1S5 cars; hogs,
1900 head