The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-14

Chicago, Ill, Aug. 13.-There was
early today on liberal liquidation but it
rallied and closed firm at 55Ac, or &c
over yesterday
Corn did little more than follow wheat,
selling off early and reacting later, to
close steady to &c lower. Provisions
also sold lower early in the day, re-
covering and closing higher than yes
terday
In wheat there was a fair trade at
times, but the market was only moder-
ately active, the range for the session
being 15sc. The tone at the start was
firm at nc advance and after selling up
q fraction more broke 1@1hc. rallied
nc, eased off Scale, advanced &c,
and closed at ss6%c advance The
early steadiness was due mainly to the
Deter tone of Wall street securities
and then came northwestern receipts
lighter and cables only reflected the de-
cline en- this side yesterday. On the
early rally, however, there was free
and general liquidation OF September.
as well as professional selling, which
caused September to range to &c. The
weather was cooler In the northwest
and predictions are for clear and warm
er conditions in the spring wheat terri
tory. Foreigners were said to be
among the best buyers Of futures at
the seaboard. Eearly poulic Liver
pool advic-s quoted SPOT ga lower and
futures off 1kd%d. Berlin was down
u mark. Exports We're liberal at 373,-
0C0 bushels, of which 103, 900 bushels was
in -four There was a fair cash de-
mand on shipping account Closing
cables quoted Liverpool spot I'D lower
and futures steady to sd lower. Paris
wheat was steady to centimes higher
and -four 10 centimes higher Berlin
was steady to u mark higher and Ant
werp steady to 1917 confines higher.
The advance Ia tie in the session was due
to covering by shorts and the buying OF
September by the elevator interests
and carriers.
There was a fair trade IN corn but
less doing later, the range for the day
teing &c. The feeling developed at
the start was weak. being a continual
ton of yesterdays sentiment, after
w'hicf1 there was q moderate rally, final
figures Showing but slight declines. Sep
ten1ber liquidation carried the price Of
that future to 237s or &c under the
price of May, the widest spread so far,
May selling as low as 25%c. In the
decline shorts covered and wheat rail-
lying somewhat impaired a steadier
feeling to the market. Outside mar
kets all showed declines of &c and the
cables came I'D lower for spot and I'D
off on futures.
Oats were unsettled, weaker and lower
the early prices reccdins &C on liqui-
dation by longs and selling by the
bears owing to the break in wheat and
corn. An effort was made to break
September under 15c, but offerings were
well taken, shorts covering freely and
elevator people bought, and as other
grains advanced oats followed and the
prices rallied &c and closed A@Ac be-
low the top, with gain Of 12G5sc.
Provisions, like cereals, sold lower
early, acting later with the grain
markets, the close showing a moderate
good gain for the day. September pork
started 212c higher, at $500, broke to
$500 and reacted to s6.45 at the close
September lard sold from sS.1714 at the
opening to s3.75 and had worked up to
s3.21A when the closing bell rang Sep
TENDER ribs sold from s3.22A at he
opening TO s3.17%G3.20 split, rallying
to s3-321I al the close.
Estimated receipts for tomorrow:
Wheat, 1S5 cars; corn, $50 cars; oats,
S25 cars; hogs, 1900 head.