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

1
Chicago, Aug. THE grain and pro-
vision markets were today once mora
| injuriously affected by badly democrat
| lied stock market in New York They
| offered a stout resistance, however
TO any further decline and in the end
wheat was no lower than On the day be-
| fore, corn was q cent lower for Sep
| TENDER and 1.aA cent higher for May
Provisions only showed any material
decline.
There was a pretty good trade in
wheat and moderately active al times,
the range for the day being conpara-
lively narrow, however. at 7sa1 cent
The feeling developed was, on the whole,
weaker and September sold o 10 SOS
cents, December selling at 5ss cents,
final figures showing no change on the
former and trining gains for the latter.
The liquidation Of September was a
feature and the spread between that de-
livery and December widened at one
time to cents. Early cablS came half
pence lower. northwestern receipts were
liberal and the local movement was a
little larger than was expected. The
New York stock market was weak and
exhibited a dropping tendency, all Of
which discouraged longs and many
parted with their holdings Exports
were small. The market rallied and sold
up Sa34 cent on the cash business ef-
fected at the decline. Closing Liver
pol cables came still lower. and stocks
showed declines, which was responsible
for the second break. Spot IN Liverpool
was off 14a1s pence and futures Aa4
pence lower. Paris wheat was off 10
centimes and -four 10a20 ceatimes lower.
Berlin declined !. mark while Antwerp
was practically unchanged.
Corn opened weak at i cent decline.
rallied Aaas cent, broke 4 cent, changed
some and closed with Is cent loss on
September and 1saL cent higher for
May The trade was chiefly local, with
continued free selling by the same inter
ests that were active on that side Of
the market yesterday. Shorts covered
some early. but the advance met with
some offerings and. in the absence OF
support, prices declined. Receipts were
considerably larger than expected. Ca
bles were weak and Il pence lower all
around and domestic markets easy.
York showed a declining tendency and
these were weakening influences.
There was a nervous market in oats,
with a fair business. Prices advanced
I. cent early with corn, but reacted Il
cent and closed steady at about the
same as yesterday. There was no news
Of special IMPORTANCE and prices had u
cent range and closed higher than they
opened on May. Receipts were heavy.
A fair demand existed. Car lots to go
to store were sa1 cent lower, the latter
on new. Oats by sample were L cent
lower for new and Il cent for old. Of
ferings of new were large and the quaG-
fly poor and light weight These were
dull Old sold fairly.
Provisions started easier. presume ably
because hogs were quoted from 10 TO ID
cents lower. The opening declines liz
drlced the selling out Of quite number
OF small lots on stop loss orders. A de-
cline from 10 to Is cents in pork andfron
8 to 10 cents in lard and ribs occurred.
Local scalping shorts who had not the
courage to sell yesterday and remain
short over night, took the offerings
by the tired COngS and thus
the market At the close Sep
tsmber pork was just where it left off
yesterday and january was Is cents
lower Lard closed with a loss of 5
cents IN both September and January
and ribs at a decline OF Is cents for Sep
TENDER and 10 cents for January.
E,stima ted receipts for tomorrow:
Wheat rs cars; corn loo cars; oats
SO cars; hogs 1900 head.