Omaha daily bee., 1896-08-08
COMMERCIAL And FINANCIAL
nCt,iitd Stocks Injuriously Affected
Grain and Provisions.
MUCH WEAKER FEELING DEVELOPS
Trade Cbieay Local with Continued
Free Selling by the Same Inter-
csts that Were Active on tue
other Side Thursdny.

CHICAGO, Aug THE grain and pro-
vision markets were today once more In
1urlously affected by badly demoraiized
stock market In New York. They offered
n stout resistance, however, 20 any further
decline and in the end wheat was no lower
tran on the day before. Corn was ssc lower
for September and from lac to Ac higher
for May Provisions only showed any ma
terial decline.
There was a pretty good trade In wheat
and moderately active at times, the range
for the day being comparatively narrow.
however. at from &c to 1c. The feeling de-
veoped was on the whole weaker, and Sep
tember sold off to 557sc, December selling
TO 5s9sc, final figures showing no change on
the former and trine gain for the latter.
The liquidation of September was a feature
December widcned at one time to &c. Early
cables came 1sd lower, northwestern re-
cepts were liberal and the local movement
a little larger than expected. The New
York stock market was weak and exhibited
a drooping tendency, all of which discour-
holdings Exports were small. The market
rallied and sold up from fsc to &c on the
cash business effected "a at do the decline elm Liv
showed declines which was responsible for
the second break. Spot in Liverpool was
off from hd to hd and futures hd to. ed
lower. Paris was off Is centimes and flour
10 to 20 centimes lower. Berlin declined Il
mark, while Antwerp was practically un-
Corn opened weaker at &c decline rallied
from hc to sc, broke l2c changed some
and closed with NC loss on September and
from bc to Ac higher for May. The trade
was chiefly local. with continued free sell
Ing by the same interests that were active
on that side of the market yesterday.
Shorts covered some early, but the advance
was met with free offerings, and in the alb
sencc of support prices declined. Receipts
were considerably larger than expected.
Gables were weak and Ad lower all around
weak and stocks in New York showed a
declining tendency and were weakening in
fuences
There was a nervous market in oats, with
fair business. Prices advanced hc early
with corn. but reacted Ac and closed steady
at about the same as yesterday There was
no news of special Importance and prices
had &c range and closed higher than they
fair demand existed. Car lots to go tc
store were lsc to 1c lower, the latter or
new. Oats by sample We're 1c lower fol
new and i4c for old Offerings of new
light weight These were duh. Old solo
fairly.
Provisions started easier presumably be
cause hogs Were quoted from 1Oc to 15t
lower. The opening declines induced the
selling out of quite number of small lots
on stop loss orders. At decline from 1Oc
to l5c In pork and from &c to 10c in lard
and ribs, local scaping shorts. who hat
main short over night, took the offerings
abandoned by the tired longs and thus
steadied the market. AT the close Septem
Der pork was just where it left off yester
with loss of &c In both September ant
January. and ribs at decline of 15c fol
September and 10c for January.
Estimated receipts for tomorrow: Wheat
hogs IL 900 head
Ire leaung futures ranged as follows: