Kansas City daily journal., 1896-08-26
NOBOTTOM TO CORN And PORK
THE SLUMP IN BOTH CONTINUES
NEW LOW RECORDS.
September Corn Down TO Fl 1-2c and
September Pork to S5.55-Wheat
Loses Nearly n Cent From
Mondays Closing Prfces.

Chicago. Aug. 25.-There seems to be no
limit to the slump of corn and pork. Both
of these commodities made new low rec
ords, corn declining &c and pork 25c.
Wheat suffered considerably from liquida-
ton and declined sc. Oats were heavy
and declined AdYc.
Wheat opened very strong, but that was
succeeded by a long spell of competitive
weakness and gradually declining prices.
December at the start brought from 61,s
to 6i7sc and declined to 6olsaSOksc in the
course of an hour. The firmness at the
start was occasioned by the strength of the
early cables. Every exporter who made
offers to the other side by cable yesterday
afternoon had them accepted, and accord
ing to early kilograms that was true not
only Of offers cabled from Chicago. but
from Baltimore. New York and st. Louis
as well. All houses with European con-
nections appeared to have asked regarding
the prospects for the wheat crop Of Rus
STA and every one agreed in saying that
the Russian wheat crop was poor. The
reasons for the weakness which followed
we're principally connected with the talk
concerning the unsettled financial condi-
tons and perhaps to some extent by the
Increasing receipts of spring wheat in the
Northwest and the extreme heaviness of
corn. The number of carloads received at
Minneapolis and Duluth was 64, compared
with 4ss cars last week and 1063 cars on
the corresponding day Of the year before.
This increase over last week was consid-
cradle of bearish factor The worlds
shipments to European ports last week
amounted to only 5,5l2.0o6 bushels, as Of.
ncially reported, as against private cables
OF the day before to the effect that the
total was about 1,0Oo.0o0 bushels more than
that The correct figures were known be-
fore the opening. and were probably an
element in creating the opening strength
Bradstreet's report of the worlds visible
showed an increase IL this country east
crease In and afoat for Europe of 40 OOt
bushels. making a net increase of 3is. .60t
ogshsis: fsa s,o year ago there was an Increase
Nothing. however. was so potent in de.
pressing Eheat as the uncomfortable local
mona Msteb s,ha,ion iro9bf SbSwing out Of the Dia
tinued depressed during the last hour on
heavy liquidation and generous short sell.
ing December sold down to 5s7saSac split
figure. 'i's'
Another twenty-four hours Of favorable
ne nras,sS nor corn caused the immensity OF
everything else Tse eee3 Of avsfasaSoS ths ks:
augmented by liberal local receipts and the
lower than ever before. Free Iiquidatior
py discouraged longs and country selling
eanF a sonE xerR the ssslns and the clos
closed al 2lac -7s' A"s
Oats were fairly active. a good bushes,
being transacted. but prices We're lower ali
day. The decline was started througi
sympathy with corn, and free Offerings de
Eeloped as prices gradually fell OF. Sen
TEMPER opened shade lower at 1sssc anc
gradually declined to 1sc where il closed.
Pork made another low mark for ITSELF
September selling down to $a55 The weak
ness was mostly in sympathy with corn
Lard and ribs. however. were but Ifttl.
affected. the decline in each being confined
TO 2izc. September pork closed 25c lowe
at S.5iis. The closing figures for Septem
ber lard were s3.35d3.3712 and for Septembe
ribs. 800
Estimated receipts for Wednesday
Wheat ITO cars: corn, $40 cars: oats, 81