OCR Text |
Show cju WORLO'SMARKETS WALL STREET. New York. Aug 4 Crop conditions especially those affecting corn, exerted ex-erted more Influence over today's dull market than any factory In the stock market Itself. Little relief from drought was reported from the corn belts and options again rose excitingly excit-ingly Dealings in stocks were exceedlngl;. light and enlisted no out6lde Interest. Leading issues were practically unchanged. un-changed. New low records were made by United States Express and Loosj latter losing six points. Wiles Biscuits, first preferred, the Initial dealings In stocks today-pointed today-pointed to a continuance of record breaking dullness Changes '. all Instances were fractional, most of the active Issues showing a drooping ten dency. Erie. Baltimore & Ohio. Read lng and Norfolk & Western were firm. Union Pacific. Steel and Amalgamated Amalgama-ted Copper eased off. Trading was at an absolute stand still during the greater part of the first hour. The only noteworthy changes in that period were in the fertilizer fer-tilizer Issues, Virginia Carolina Chemical Chem-ical and American Cotton OH regain lng 3-4 and a full point respect I vtV Dealings in stocks to noon were barely more than 50.000 shares, while bonds for the same period scarcely aggregated $300,000. A better ton.-for ton.-for the general list was manifested 'n the early afternoon, except for Amen can Express, which fell 12 .? 4 points to its lowest price in five years. Further improvement was shown by the list in the later dealings, when many prominent issues averaged a point or thereabouts above lowest , prices of the morning Demand was so limited, however, as to leave little lit-tle doubt of its professional origin The market closed firm The final hour brought a consider able degree of activity and best prices pri-ces of the day Virtually all of the important stocks were up from 1 to 5 points while Erie first preferred showed a gain of 2 points Chicago Grain. Chicago, Aug. 4 Whether corn would go above 70 cents a bushel wa; settled today In the first minute. The market shot up to that level In the very first trade, and soon was beyond be-yond Drought, already the most severe se-vere in twenty years, promised to continue all the present week, ac- i cording to the government forecast As a result the volume of buying today to-day took on huge proportions The opening was 3 - R to 1 1-Sc higher than Saturday night's close September, Septem-ber, which started at 70 to 70 l-2c. a gain of 3-8 to lc, rose to 71 l-4c In I almost a vertical line Other grain I bulged with corn Wheat was also affected bulllshly by unfavorable harvest har-vest reports from southeastern Eu- rope and by diminishing receipts in the American northwest. September opened a shade to 1 -18'cTl-4c higher at 88 l-SS l-4c and rose to 89c Oats developed Independent strength on account of assertions that j threshing returns showed light weights and small vields September started 3-8c up at 43 3-4c and stead-led stead-led around 43 3-8c. Provisions showed much irregularity. irregular-ity. Corn scarcely tended to make j distant options firm, but led to semi-panicky semi-panicky weakness in nearby deliv- eries, especially September pork, which dropped 60c to $20 30 First sales on the remarket as a whole varied from 37 l-2c off to 17 l-2c advance with September, as follows Pork. $20.50 1-2 to $20 60, lard. $1145 to $11.47 1-2, ribs, $1137 1-2 to I $11.42 1-2. Corn The upturn continued still further, but then prices fell off in J consequence of heavy sales to realize proftls and as a result of showers at I I several Iowa points The close wasl j nervous, with September at 69 5-8 to I 169 3-4c, the same as Saturday night, j to 1 -4c higher. Wheat After a further gain the. ! market reacted with corn and because of an Immense increase In the visible I supply total. The close was weak, Witt September l-2'g5-8c lower at 87 5-8c Sugar. New York, Aug 4 Sugar Raw firm; Muscovado. $3 14; centrifugal. $3 64; molasses, $2 89. Refined-Steady; Refined-Steady; crushed $6.80; granulated, $4 60, powdered. $4 70. Wool. St. Louis. Aug 4 Wool Quiet. I northern and western mediums. 19fi , 20c slight burry. 1516c, heavy fine burry, llg.l2c Kansas City Livestock Kansas Citv. Aug 4 Hogs Receipts Re-ceipts 6.000, market .r to 10c lower Bulk. $8.608.85; heavy, $8o58 70; light. $8.608 90; pigs. $6 50S7 75 Cattle Receipts 30,000. market steady to 26c lower Prime fed steers. $8 508 90; dressed beef steers $7 OO 8.40; western steers $6 5f.ff8 15 ; southern steers. $4 756 75, cows, $4 007.00: heifers. 0008.80; stockers and feeders, $4 75(0 7 50 bulls, $4.50( 6 50. calves. $5 508.5O Sheep Receipts 6,000, market steady. Lambs, 8S.6O07.16; yearlings, year-lings, $4.255.50; wether?. $4 00 4 75; ewes. $3 5004 50; stockers and feeders. $2 254 25. Omaha Livestock. South Omaha. Aug 4 Cattle Re-: ceiptfl 6,600; market slow. Nathe steers, $7.405 8 95, cows and heifers, $5 758.00; Western steers. $6,256 8 25; Texas steers. $6.0007 60; range cows and heifers. $6 5007 25; can-ners, can-ners, $3 5006.25; stockers aud feeders. feed-ers. $8 0007 50, calves. $8 00010 50. bulls. 6tags. etc. $4 7507 25 Hogs Receipts 4,300, market 5c lower Heavy $8.2508 .45. light, $8.30 0 8.70. pigs, $7.5008 00. bulk of sales. $8 350 8.45 Sheep Receipts 26,000: market slow, 15 to 20c lower. Yearlings. $5 30 05.76. wethers. $4 2505 00. lambs $6.7507.35. Chicago Livestock. Chicago, Aug 4 Hog?. Receipts . 48r000. Best light grades steady, 8 90, light, $8.7509 30; mixed. $8.20 others 5 to 10c lower Bulk. $8.55 $ 99.20 .heavy, 8.0509.00; rough, $8.0 0 8.30; plg8, $6 750 8 60. Cattle Receipts 17,600 market steady to 10c lower Beeves, $6.85 -55 9 10; Texas steers. $6 7007.75; western steers. ?6. 300 7.80; stockers 'and feeders, $5.3007.80; cows and J belferi, $3.8007.50; calves, $8,000 p Receipts .15,000, market weak. 10 to '2zr lower Native sheep, M 1004.90; Western sheep, $4 00 I '"i yearlings, $5.4005 90; lambs na- m tive, $6.2506.80, Western, $5 650 W 7.00 I |