The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-12
Hog-Markets in General

Chicago, Sept 1.-Strong outside
markets and the government crop re-
por- aided wheat 10 recover from the
early depression causei by large
northwestern receipts. December clos
ing az en- advance OF IL cents. Corn
was similarly aided and advanced u q
4 cents Oats closed s cents higher
Provisions suffered, as lgrai. from too
ntch hog and closed slightly lower
Wheat was rather nervous az the out
set The government crp report sub
soan tally met the expectations which
had been formed OF IL but SIS effect had
already been largely discounted, and
an e dvanoe OF only Il cent in the open
ing figures was shown. and this
strength was only momentary. Min
ueapoiis and Duluth reported the re-
ception OF 1,143 cars. or Sc more than
last year. This was a sumner, and De-
cembeT, which had opened al so. a 5S%
cents. dropped n hurry 10 57s. cents
The failure OF another New Orleans
bank was not at all rea ssuring - s7oso-
ulators and added IN creating the gsn-
ersl scramble to unload. Gradually.
however, the excitement subsided. ST.
Louis became strong, even when prices
Were still on the dawn grade Not only
that, but people there sent a flood OF
buying orders here. The cables also
came strong and there were Indications
or large clearanceS again from the sea-
board The government crop report al
SO began TO have rfe bullish influence
II seemed entitled TO. Stocks in New
York Were all higher, and there were
reports of larger imports OF gofd and a
rsip7diy improving money market At
iantc port exports. as finally reported,
comprised about 10000 bushels in
wheat and -four irciued This kind OF
news could have but one effect Early
snort sellers began to scramble to get
back their wheat and there was nsfd-
cradle excitement for a time, resulting
In recovery from the low point OF
nearly cents. The market was BUOY
ant during the last hour. The strength
was due to the generous EXPORT bust
ness reported at the seaboard and at
L'uIutn- December sold up TO 5sas cents
closed firm at 5s%s 659lt cents.
Corn was firm, partly because OF rne |
declane IN condition reported in the gov |
eminent report, but more on account
or the bullishness Of wheat, the strength |
OF that market helping corn to make a |
very sunstan rial advance, consi dering |
the dulsneSs OF trade. May opened |
about 4 cent higher at 24ls cents. de- |
clfned 60 237s cents, and reacted 20 24%.
cents. closing firm at that figure
Good buying by shorts. light offerings, |
a bulhsh government report, and sym |
pathy with corn, all combined to make |
the oats market an active one, with a |
firm feeling existing and prices higher |
Besides an urgent short demand, there |
were good outside buying orders, May |
opened unchanged at 1sA cents, eased |
on to 1sl2 cents. then advanced and |
closed steady at 1911 cents.
Provisions were heavy and tnanimate.
Pork closed lower. Packers were ac- |
tive sellers and this. with continued |
heavy hog receipts, prevented any beue- |
IL Which might have been derived from |
n firmness OF grain. January pork |
shosed unchanged at $6.e2h; January |
ard cents lower, at Sc. co. and january /
abs ~ cents bower, at s3.32z.
ESTIMATED receipts tomorrow: Wheat |
"a cars; corn 525 cars: oats SIS oars;
logs 1900 head.