The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-09-03
CONDITION OF THE MARKETS
Anticipated ShOrtnesSinth the VisibleSup-
ply Causes Rise in Wheat Prices.
Corn Also Scores a Slight Advance-Another
Day of Wide Fluctuations and Nervous
Activity in Speculative Pork.
TRADING AT CHICAGO.

The Ups and Downs of the Market, with the
Range In Prices of Leading Articles.
CHICAGO. Sept. 2.-In wheat q liberal
speculative business was transacted. and
the local temper of the market was rather
bullish. In addition to the free purchases
by local parties there was said to be good
buying for account of New York parties and
for the Northwest. Early cables, both
public and private. were favorable for
holders. The reports on stocks showed a
decrease for the week at most points, Mn
neapolis leading with decrease of 1000
bushels. Chicago elevator stocks are now
1915. sos bushels, against 3,6l0,32 bushels a
year ago, there having been an increase
during the past week of Al 600 bushels.
With New York and on lakes and canals to
hear from, the crowd here were figuring on
decrease in the visible supply of from
100000 to 100000 bushels. This was really
the leading 'bulp' card to-day, as ''the
memory of man runneth not back" to a
time when visible supplies have shown a
decrease at this season of the year. The
next important feature In favor Of holders
was the very excellent demand for round
lots of wheat here for shipment. Sales ag-
gregated over 100000 bushels Futures,
after strong opening. sold up to point "a
"a 7sc above Saturdays closing range, May
showing relatively the greatest strength.
During the last hour of the session the mar
ket gradually weakened under the general
and free realizing by longs" and all the
early improvement in September and Octo-
Der was lost There was net gain of 4c
In December. lsc in year. and about l2c in
May. A fair degree of speculative activity
was manifested in corn early in the day,
and the feeling developed was firmer, after
which the feeling became more quiet and
easier. The better tone was attributed
largely to lower temperature In the West.
indications being for rain. followed by
colder weather. The market opened a
shade above the closing prices of Saturday,
easy and closed shade higher
than Saturday. Oats were steadier.
The near futures were strongest
and prices we're bid up lAc by shorts" COW
ering. The others syInpathized to limited
extent, as offerings were not large. Quite
an active trade was reported In the market
for mess pork. aud the feeling was consid-
erably unsettled. Prices fiuctuated wide
ly. The market opened rather weak. and
quickly declined Goa 2212c on near, and sc
on the deferred deliveries, with consider
able realizing by parties who had the
property delivered to them. Later "shorts"
purchased rather freely, and prices rallied
40G50c. During the latter part of the SEES
closed steady at medium figures. Only a
moderate trade was reported in the lard
market. At the opening the feeling was
easier. and prices ruled lower. Later the
demand was stronger, and prices advanced
Csc, and the market closed steady. Trading
was moderately active in the market for
short-rib sides. Early the market was
weak, ano prices declined .05l0. Zoe. Later
the feeling was steadier. and the greater
portion of the decline was recovered. The
leading futures ranged as follows: