The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-06


Chicago. Aug. 5-Pork was the center
of attraction at the board of trade to-
day. 1t opened strong at s7.45 per
barrel for September, or 20 cents over
yesterdays close, and in fifteen minutes
fell to sS.35. There were rumors of
big Canadian deal and denials of these
rumors and the excitement for a time
was intense. Nobody seemed to have
any definite information as to the aileg
ed Canadian deal. Geddels and Kirk
wood, who have been credited with
handling Canadian business, began to
unload They met with opposition
from the bulls, and the market advanc-
ed to $3.50. 1T held there for few
moments and then came a scramble
70 sell. From $3.50 it dropped to s745
then it reacted to s7.571s under the Wig
orous work of the bulls. There was
only nlomentary check for it soon be-
gan to sag and in a few minutes it had
been hammered down to $685. per bar
re- 1t held for awhile and then re-
acted to ..665.
In the wheat pit there was less activ-
ity. September opened a shade higher
at 5s5s cents. On crop damage reports
in the way Of rain from the winter
wheat belt, it advanced to SO cents. 1t
soon reacted 70 5SA cents on big north
western receipts and then firmed up to
5s2s cents.
Hot winds in Kansas were reported
TO nave seriously damaged the corn
crop, and as a result that option for
September opened firm at 25as cents or
Il cent over yesterday. 1t advanced
70 md
cents.
Oats for September started &c of
at is cents. On damage reports II adj
vanced to 1SA cents and reacted to 1S1.
cents.
Lard for September opened at s347k
or 10 cents over last nights close, in
sympathy with pork 1t advanced
to s3521a and then settled back to s3.45
RIBS opened at s3.671a, or Is cents over
yesterday, went up to 1870 and eased
off to $3.50 1-2.
Chicago, Aug 5.-The bear factor in
wheat was the weather, continued fav-
vora'ble conditions prevailing in the
winter wheat belt, with showers in the
northwest, and a better movement and
an improvement in the quality antici-
pated.
Provisions broke badly after sharp
bulge and had some effect on prices Ia
ter in the day. Closing Liverpool ca
tges quoted futures A6kd lower for
California and A9hd higher for red
winter with spot unchanged. Paris
wheat and -four We're unchanged, Ber-
lin II mark lower and Antwerp unchang-
ed. Domestic markets closed easy
There was a pretty good corn trade
and a rather unsettled market early,
after which the situation assumed nor
NAL conditions, the range for the DAY
being &@%c. The opening was higher
and sold AG3sc more, eased off 1s@3sc
rallied Sale closed with 1sdAc gain.
Shorts covered freely at the start, the |
advance in wheat and provisions, to- |
gether with reports of hot winds west, |
being responsible for the action of the !
market. Longs unloaded on the ad- |
vance. country houses also selling con- |
siderable, and the other markets turn |
ing weak, corn sympathized. Country |
were said to be light and |
Kansas City wired that the country had |
stopped selling for the time being, owing |
to fears OF damage to the crop.
The oats crop news was bulliSh, but /
In the absence of good outside buying, |
the market was quiet and steady, but |
closed about the same as yesterday. the |
action Of other grains had little effect |
The provision pit presented another |
scene Of unwonted hustle, attended by |
20 little excitement. Pork for Sep !
tember delivery was at one moment |
daring up like a new-iighted fire and |
the next It was black as the charred |
remains after being deluged with wa
ter. Rumors of all kinds We're num-
.rous, the one occupying the foreground |
Of the display being concerning the Can /
dian syndicate which, according to a |
Montreal newspaper, has bought more |
pork for September than there is Of the /
article in September. Some said that |
Armour was merely using the fears in
spired by such stories to work the
boys"
Estimated receipts for tomorrow:
Wheat 40 cars; corn ASS cars; oats $40 /
,ars; hogs 5000 head.
CLOSING AT CHICAGO.
Wheat-August 57st cents; September
,sss cents; December 6094 cents; May
AS cents
Corn-August PAX @247s cents: Sep
.ember 25L G25ss cents; October 25$4
,ents; December 26Is cents; May 2S2.
,ents.
Oats-August 1724 cents; September
-o1S 1lo14 NCHbSb bcStAAbSA % NIA- Ps
Nay 2024 cents.
$3.50;
Pork-Aug11st $3.50; September sss5:
october $40; January sT.45.
Lard-August s.. 40; September s3.471k
1850: October S352l5; December S3.67i2
] 20; January s3.s2l2.
Rihs-August 1885; September 3.571z;
october s3s0d3621z: January s3.72I5.
CHICAGO MARKETS
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