Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1896-08-15
THE GRAIN MARKETS DULL.
WHEAT AND CORN LOS LOWER
OATS a TRIFLE HIGHER.
All the PITS DuIi and FcnturcIcss-
An Appnrently Healthier Tone
I'm wheat. the Pnnicky Feet
ms hnyInx Disappeared.

Chicago. Aug. l4.-Dull grain markets
were the feature of the day. Wheat opened
steady on higher cables, closed easy at soc
for September. or lac below yesterday.
Corn, oats and provisions were dull and
featureless.
Wheat ruled rather quiet early in the
day, but livcned IN some later in the ses-
sion, the range Of prices being &c. The
feeling developed was a little mixed and
unsettled at the start. with traders. as n
rule. favorinr the selling side, and initial
transactions were at &c decline. the market
afterwards selling off i.c more. Later. an
advance of '.c was scored, little of which
was maintained. tho close showing II loss
of i.G9,c. The easy tone early was attrib-
utable to the liberal movement in the
Northwest, which was said to be due to
light money in hat section. and then the
weather was cooler and clear in the spring
wheat territory. on the other hand. cables
came I'D higher and securities in wall
street were strong. which impaired a bet
ter tone to the, market, and as the trade
was chiefly local. many OF the early sellers
turned buyers. resulting in a substantial
advance being scored. There was less Sep
tcmber pressing on sale. and the situation
apparently hai Il healthier undertone all
around, the semi-panieky feeling, prevalent
TALLY eliminated. closing public cables
quoted spot steady to I'D higher and fut-
confines up, and -four IS c"ntimcs higher.
Berlin was up a.Il mark and Antwerp
stsady !MAe cent!,n"s higher
It was fTthcr n dull day in corn, the mar
ket exhibiting much less activity. and iluc-
t%uatlons were narrow at Lgf-c. The feel
ins manifested was a triiia firner. but no
material gain in prices was noted. final fg-
tres showing i.di,c decline. The action of
wheat was the governing factor. and helped
strengthen the situation early. shorts
In1dc molcrat" purchases, the same being
supplied by interests which We're supposed
to have covered freely yesterday.
The oats market had a better tone and n
marked falling OF was noticed in the Of
%ferings, especially from outside holders.
shorts" We're large buyers, and as wheat
sales were AZ about the same as yoster-
days close and September advance sc and
May NC, but reacted At the last and closed
easy. with IL gain Of &c on September and
isc on May.
Provisions received some help from wheat
but the market a 81 whole was u weak ono.
Prices were generally higher at the open
Ing. on lighter receipts of hogs than had
been expected, and the execution Of u Few
buying orderS. As soon AS the first batch
of orders had been iillrd, tho market weak
ened. packers hoiuE the sellers on the adj
vance. Business was dull in this pit as
Well as in The others, trnde possessing no
life to speak of. September pork was the
weakest thing on tn" list, opening at $685..
Il sold of 70 SGr!llt, advanced TO sd.3lia and
closed at $3.50. Seutembar lard started at
$50 and broke TO 500. closing at the latter
price. RIBS for September delivery sold
rom SS.37is at the opening 10 S3.2j. and
sloeed at $2,25T}.2lls. Estimated receipts
Tor tomorrow. Wheat. TO cars corn, Gl
ears; oats, 800 cars; hogs, 900.