The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-18
CEREALS STILL DECLINING
September Wheat Touches &c LIE, Clos
ing at rs 7-Sc and Corn at 81 1-2c.
Washington Crop Reports Indicsie Better
Condition OF Corn from All Over the Ceun-
try, with Cable News More Bsarisn.
TRADING AT CHICAGO.
After Leading All Other Markets in Strength
Proxtaione Suddenlx Summed

Alter Leading All Other Markets in Strength
Provisions Suddenly slumped.
CHICAGO, Aug. 1.-THE movement OF
wheat and hogs to Chicago gave markets
for grain and provisions further decline
to-day. The weaker cables and more
favorable crop news was added to the
heaviness and prices went lower all around.
The action in the wheat market dropping
to 76Ac for September was not at all sur
prIsing TO either buyers or sellers. The
price went OF a4c from the close yesterday
on natural influences Tne cables were
bearish, the weather perfect, the crop re-
turns more favorable. The cables were
lower and Western receipts free. Tho
weekly Drop bulletin from Washington was
very favorable. A Paris private cable said
the French wheat yield was larger and of
better quality than was expected, and the
market was weakening The export cleaA
ances were lighter at 277,O00 bu of wheat
and moderate amount of flour from At
lantic ports. Off-setting all this bear news.
buyers had only the fact that prices look
TO he for Investment, the free out move
ment here of about 100 900 bu day and the
possible crop damage in the Northwest
The market opened easier at nc for Sep
tember, sold down to 7634c, to 767sc. to
76l2c, to 76as '016a4c, to i6lac, and closed at
16sc. lt is feared that if the Buffalo rail-
road strike continue longer it will injure
the grain markets very seriously, as par
ties will fear to ship with such great risks.
The corn market opened weak, ostenslbly
because of the Washington weekly crop re-
port which indicated general improve
ment for the crop throughout the entire
country. The weather conditions so far
this week have been considered favorable
though the weather map tins morning was
not being so construed. Scattered drop
pings of long stuffs, which overstayed it's
opportunity, has been one of the sources of
weakness, and was still feature of the
business to-day. September started with
sellers at 52c. and sales at from that to
$50. 1t dropped to 5l5sc, recovered to
81 so, and then sank gradually to 81 lsc,
taking about two hours to reach the last
I. named price. 1t was wanted at the latter
IN greater quantities than were for sale. and
gradually worked back again to 5lsSc. The
latest trading was at 5lzsc for September.
The oats market showed another decline.
There were selling orders in the market
changed. Other markets OH the floor were
weak, and the close shows q loss of &c.
Lard Is down .12lzc for September and
ribs .15c OFT for the same option. There was
decided change in the tone of the provi-
siOns market, and from leading all others
In strength it became decidedly weak and
generally dull. and later was raided badly.
The easness was helped by the lower
prices ruling at the stOcKyards and the
larger hog receipts. Soalpers felt it w as
not safe TO be on the short side. After the
first break there was some recovery 10 Sep
TENDER ribs and lard. but this was followed
by q general decline. Stop orders were
caught, pork went of Coo from last night
closing 57laolower. Lard is down.
Estimated receipts for tomorrow are:
Wheat. $50 cars; corn, 295 cars; oats. 2S3
cars; hogs, 81, OO0 head. Lake freights are
steady on a basis of 20 for corn to Buffalo,
The leading futures ranged as follows: