The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-21
TOUCHED THE LOW NOTCH
For the Second Time This Season Sep
TENDER Wheat Reached rs lac.
Oats the Only Article in the Chicago Market
That Did Not Recede, Closing at 34c-Corn,
Though Dull Lost but Point.
TRADING. AT CHICAGO.

Big Traders Gradually Squeezing the Little
Ones in the Pork Deals.
CHICAGO. Aug. 20.-With the exception
of oats the markets were all either very
weak or barely steady. The article which
continued weak to the end was wheat. but
even that was shade over its lowest point
of the day. The labor troubles at Buffalo
were the chief factor in producing lower
prices Wheat opened in line with the
generally prevailing weakness, and in the
course OF the first hours trading the price
for September had declined to point as
low as had previously been seen since
trading for that delivery has been done
this season. On July IL September wheat
just touched 75Ac. Since then 1t has sold
as high as soc, but until to-day it had not
declined again to 75Ao. A firm with
foreign connections congratulated Itself
on being able to buy wheat for May de-
livery at S3lec. or sac over what Deem
Der was selling for at the same time. They
figured that the actual cost of carryin the
wheat for their foreign customer from De-
cember to May. reckoning even at the pres
emit low rate of interest. would amount to
TIA cents per bushel The foreign mar.
kets were dull at lower prices, according
to the early cables. Liverpool was quoted
at from I'D to Id decline The receipts
were still heavy at the winter W heat mar
kets. Mlnneapolis also reported liberal re-
celpts of spring. The export of clearanceS
from the four principal Atlantic ports were
close upon 900. coo bushels in wheat and
flour. Bradstreets report of the weeks
clearances of wheat and flour from both
coasts was 3, 750. 600 bushels. against 4. 49,
0no bushels last week and 5.76l 900 bushels
o. the corresponding day Of last year. Clos
ing cables were weak, but the market had
already anticipated that. and recovered
some from the low point.
The corn market, considering the limp
ness In wheat, the DISCRIMINATION in rail
road transportation, resulting from the
switchmen's strike and the absence of buy
ing orders from outside, held up remark
ably WELL There was short PERIOD of
considerable weakness during the first
half hour of the session, but there were
lots of buyers who stood in. wait for the
offered chance. Trade was largely of q
scalping character, but there was no period
of actual dullness during the short session.
There was good deal of talk about the
backward crop and drought in various Sec
tions. Light showers fell this morning.
however. In some portions of Kansas and
Nebraska. Corn was sold In Buffalo Tor
shipment and this was regarded as an In
dication thai the strike was weakening.
The provision market is still IabOring
under q plethora of long stuff in weak
hands. which coveted by men of LARGER
means. There was another considerable
break in pork early, but the larger portion
of the early loss was recovered before the
close. Fluctuations in lard and ribs were
less material Closing prices show de-
clines in pork of 71sc, and about .02lRc in
ribs Lard closed at about fridays resting
places.
Hog receipts were light, and some of the
heavy traders were acting as if satisfied
with the amount of the recent decline. Es-
<xwxx ed -. Co.
900 cars corn, 400 cars; oats, $50 cars; hogs,
1900. Lake freights were steady on the
basis of &c for corn to Buffalo. The lead
ing futures ranged as follows: