Omaha daily bee., 1896-08-21
COMMERCIAL AND FINANCIAL
Feature Of the Day the New Low Price
Record Of Pork,
IMPETUS GIVEN WHEAT CONTINUES
Starting Prices for september ana
December Were Ench n Frac-
don Higher Than wednes-
days Closing Rates.

CHICAGO. AUG. 2O.-Pork made a new low
mark today. September at one time selling
at 80 a barrel. Rumors that orders Tor
gold importation had been Countermanded
and lower Wall street prices weakened
wheat after a favorable opening. the clos
tnr prices for September showing a Ac de-
cline. corn was sympathetically weak and
CLOSED NC lower. Oats remain unchanged.
The impetus given TO wheat by the en-
raEcmeut Of gold for Importation as re-
ported yesterday afternoon was continued
this morning. The starting price for Sep
.ember and December were each Ssc per
bu. higher than the closing rates OF
the day before. one OF the chief factors
of the opening hrmncss was the strength
displayed in the foreign markets Liver
pool was quoted as opening fire at I'D per
GENITAL advance and London at I'd per quar-
ter higher for American wheat. A para
rraph from the Liverpool Corn Trade News
was being paraded near the opening which
said that the general impression there of
the size of this years American wheat crop
was that IL would be about 4IO,ODO,OO bu
and that wheat would be as per quarter
higher In the United Kingdom. They be-
lieved it to be materially smaller than that.
The northwestern receipts commenced to-
day TO exhibit a contrast to those OF the
corresponding time Of the year before
There is still some of that great crop LETT,
hut the daily exhibit of the Minneapolis
and Duluth receipts Will, nevertheless,
show a great discrepancy compared with
This years. The two cities received 2Sl
cars today as against 4OS cars a year ago.
The Atlantic port clearances were equal TO
396, 900 bu. of flour and wheat together.
CLOSING cablegrams confirmed the strength
reported OF the foreign markets at the
opening. but the market. exhibited al iiS
strength in taking the little jump II die
at the start. After the early advance bust
ness got slow and stocks getting weaker
there was about as much effort to sell as
there had been to buy early and all the
Improvement was lost. A rumor that some
of the gold engaged for importation had
been countermanded helped to depress the
price near the end. There was a notice.
able lack Of outside support all day and
the consequent dullness of trading pre-
vented larger fluctuations than We're re.
corded. September opened about &c hiehel
at from SIC to 5Gisc, gradually weakened tC
55Ac and closed steady at 5J3sc.
Corn was very dun and easier; prices wer'
but were also helped by reports that tbs
crop was hardly so promising as a month
ago. But after the first bulge the marke'
began to decline, September opened strong
at 23%c, nc above yesterdays closing, anC
touched 23ikc for a moment, but soon weak
ened and in the last half hour barrel!
touched 23c, the closing price.
Oats were fairly active and for the mos
opening, when shorts bought in some, Their,
was a tendency to do better. Selling was
closed just whore they did yesterday. Eek
changing between September and May wa.
a frequent occurrence. September opened
a shade higher at from 17l9c to 17Fsc
touched 17Ac and declined TO 171ac, CLOSING
steady at that figure.
A small sized raid on September porl
early in the day was the chief feature o
the trading In the provision pit. After lO
had been Clipped off by a few small sales
John Cudahy's broker got at it with sledg,
hammers and smashed the other 1Oc off il
about two blows. This brought the prict
down to $3.50, the lowest point ever reached
The last lee was recovered again and tn
days loss in September pork was 10. Janu
AIRY, compared with yesterdays closini
price. left off 2lRc lower, Lard and rib
were more favored, the fair support give,
these commodities communicating the et
feet OF the weakness in pork, and closin
prices We're unchanged TO 2lac higher.
Estimates for Friday: Wheat. 100 cars
corn, $50 cars; oats, 1876 cars; hogs, 1900
head.
The leading futures ranged as follows: