The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-08-27
TRADING AT CHICAGO.
Wheat and Corn Slightly Lower, but Pro-
visions Higher Ali Around.

CHICAGO, Aug. 26.-The speculative
markets on Change to-day acted irregular
~. with grain averaging weaker and pro-
visions firmer. Trading was fairly active,
and the local feeling in corn and wheat
bearish, but easily startled on receipt of
bullish news. Lower cables from Liver
pool and weak domestic markets. together
with the fear of immense receipts, were
weakening factors, and caused q weak and
lower opening for wheat. December start
ed at 81. OH GL.04A, and sold of to s1.O4A.
New York was credited with being q
libelal seller, as has also the
Northwest in anticipation of big deliver
les in that quarter, Offers were readily
absorbed. however, and early sellers were
soon fighting to get back the wheat they
had parted with, and giving the bulls u
chance to get IN their work. A Paris cable
quoted that market higher. and q report
was started that there were liberal buying
orders from the continent. The State In
spector of Minnesota was also reported as
saying the frost damage in tho Northwest
was probably much greater than thought.
Bradstreet reported that the available
supply of wheat east of the Rockies had
decreased 9S7 900 bushels during the week.
though the supply on the Pacific coast
had increased 100000 bushels. These were
regarded as bulllsh factors and the market
soon began TO display strength December
finally improved 1lsc, selling up TO S1.05l5,
then broke and fell to SL.04ss. then back
aud forth, a nervcus feeling being apparent
ON the part of traders who were apprehen-
siye over the effect of the impending large
deliveries of grain IN the Northwest.
Another cold wave was reported from the
Northwest, with the mercury lowering near
the frost line. Wheat had another bulge,
selling ND to Sl.c5'+, and closing at g. OK.
The action IN corn today was almost a
repetition OF yesterday. though on a smaller
scale. The clique let the crowd sell them-
selves very short, and then supplied their
necessities ut higher prices. The market
was quiet and easy during the first hour.
The anticipation of big receipts and the
fact that to-day.s arrivals exceeded the es
innate. being s26 cars. and lack of stlmu-
lating news and frost talk were the weak
f.ctors. September started at 6234c. and
October at 59l2c. October sold down to
557sc early, rallied and held steady until
later on, when q sudden jump IN wheat
caused a scare among the corn shorts
ana September made q quick spurt TO 66c
and October wens up TO COsc. The clique
Their began to sell and there was n rapid
break TO 64ito for September and sc for
October. September closed at 64Ac and
October at 59isc.
Oats were again weakened by large re-
ceipts. the arrivals being SD cars. The
market was rather quiet. with sales of Sep
TENDER st sos G3o4c, closing at S0Ssc; May
sold at 33ss 1344f.
Rye rrIed steady, with cash lots firm and
options weakening about &c from yester.
days closing figures. Receipts continue
heavy, l05 cars being reported to-day. No.
2 sold at 9I4 G4Ic and September at 932.
19fe. and closed at 931zc.
Provisions were only fairly active and
prices were generally easier. Lard and ribs,
as well as pork. sold considerably lower
early, hogs being 5a10c cheaper; but sub
sequently values rose in response 10 4 bet
ter inquiry. Poole changed fully 5000 brls.
Of poEk, buying September and selling Oc-