The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-09-17
CORN SPOTTED WITH FROST
Something That Had More Influence on
the Market than Cholera, Even.
and the Price Of Tia Cereal Closed at ~
5-Sc, Corn O. AZ 3-Sc and Oats at 80 5-Sc.


Provisions Started firm and Higher and
tho Advance Held.
CHICAGO. Sept. 1G.-Corn-helds spotted
with frost proved more influential to-day
than wild-eyed reports about cholera. Yes
terday's drop in wheat was practically re-
covered. The price of December showed q
gam over closing price OF the day before OF
Sc. Corn also made q slight gain In price,
being worth Ac ~ bu more than it was
twenty-four hours ago. Pork advanced 20c.
lard from O50. loo and ribs from .O50 .O7lac.
Outside orders are still small. Wheat
opened stronger. mainly on the recovery of
the trade from the depression caused
yesterday by cholera canards. A
good deal moro of the wheat
was tbrown-overboard than was bought
back. There was not much for sale. how
ever, and corn showing decided strength It
was found necessary to bid up some In or
der to get it back. As a rule, the market
was dull and narrow after the first orders
had been filed. Rumsey. Lightner Il Co.
took perhaps SOC, 600 or coo, coo bushels,
which observers in the pit thought was for
the account of Leopold Bloom. Late in
the day the market gave way TO a limited
extent on reports that cholera had made
its appearance in Philadelphia and the
rumored failure of q bank in London, but
q reaction set IN and a fairly strong feeling
prevailed. During the last ten minutes
there was quito q bulge on some good buy
ing by Counselman aud Bloom, and cover
ings by those who had waited for u break
TO zoe, which did not come.
Corn started strong, at about sc advance
from the closing figures Thursday, a natural
reaction from the undue selling pressure
late yesterday. The trade also felt a little
bullish over the private advices from the
corn belt. Not q few houses adsnessage yes
saying that the warmer weather showed
considerab BILE spotting of fields by frost.
The weather map showed no frost last
night. except In the Dak0tas. The later
signal-service report from Washington
indicated cooler weather ana pos
sible frost tomorrow morning in
Indiana and Illinois, but warmer weather
for Iowa. Nebraska and Minnesota. The
Prime bulletins the past fourteen days
have set corn back instead of ripening ii.
That the country Is Overrun with weeds,
AMI much of the corn Will be in danger as
late as OcL 1, is also indicated. This class
of news. added to the firmer feeling. further
advanced prlcee. The receipts of 500 cars
and the estimate of 400 cars for Saturday
checked the advance. Later. when wheat
weakened. corn went back under openip g
prices on realizing sales. but firmed up o
little again. before the close. with wheat.
The wheat market was firm and steady
within q narrow range. Bartlett-E racer
bought q half million bushels. The shorts
bought a moderate quantity early In the
session, but sold out ngaip before the close.
The provision market started firmer and
higher ana the advance was well main
tanned during the session and was at its
best as the market was comIng to a close.
Wright was giving the market support
through brokers. Lighter receipts of hogs
than predicted and the fact that corn
showed strength aided the market
materially.
Freights were steady with q moderate
demand at 21ac for wheat and 24c for corn
TO Buffalo. Estimated receipts for to-mor-
row are: Wheat. 50O cars; corn, 400 cars;
oats. 260 cars: hogs, 1900 head. The
leading futures ranged as follows: