The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-25
SWINGS LIKE A PENDULUM
One Day Wheat, Corn and Pork Are Up,
While the Next They Are Down.
The Leading Cereal for September Yesterday
Touched 20 Cents. the Lowest Notch This
Season-POrk Fell pack 80 Cents.
TRADING AT CHICAGO.


The Cholera Scare Hastens to Get I'm Its
Work Chicago Markets.
CHICAGO, Aug. pa bearish sentiment
prevailed in all Of the trading pits on
Change to-day, and every thing closed
lower thany yesterdays last figures Wheat
was rather strong on the curb before the
bell tapped for regular trading. and as re-
suit of the first transaction in regular
way was at point above yesterdays
close, but the situation was regarded as
beArish and there was considerable selling
pressure, resulting soon in lower prices.
The bearlsh points were the weak and
lower English cables the strike at Buffalo,
tho increase of the cholera in Europe and
the danger Gifts invasion of this country.
and the heavy receipts of wheat at all
points of accumulation. Bradstreet's
reports the increase in stocks East
of the Rocky mountains last week
at 4.042.O bushels and $4,000 bushels
upon the Pacific coast making a grand to-
tai of .4,174,OOO bushels increase for the
week. The government crop bulletins
were also favorable, and reported big
yield. while interior deliveries continue
on . liberal scale. A good deal of long
wheat was closed ont. and sh ort selling
was equally generous, while the buy ing
was restricted and cautious. The weak
ness in corn and provisions also helped the
cause of depression In wheat, and the mar
ket was heavy almost from the start. Trad
ing was fairly active for the first few min :
utes. but thereafter the market ruled dull.
Late cables quoted the English market
lower. Berlin higher. Antwerp lower. with
Paris higher on flour. but I'M,
at 76.ao. sold off slowly to 1880;
1870 for considerable. length OF time
sold off during the last hour to 75c. and
closed steady at 1850.
Corn was lower and weak. Early trans
actions were at about yesterdays close.
but reports of generous rains in the most
important section of the corn belt started
considerable liquidation and lower prices
of the wheat market. Later 1t was assert
ed that the rains had been light and local,
and the governments weekly crop bulletin
indicating that drought was very general,
there was some recovery. Good buying by
shorts on the break also helped the improve
ment. but the average price was considera-
bly, below that of yesterday. September
opened Ac lower. at SIC, sold at once at
52Ac, broke to 53l4c reacted to SIC, again
sold at 5la4c. ruled dull and steady for q
time. weakened again during the last hour
TO 5l nc, and closed at 81 oSc.
Oats were quiet and easy, in sympathy
with the course of wheat and corn, closing
at 34l4 c for September.
Hog products were generally lower. The
receipts of live hogs were some 5000 more
than expected. and there was less urgency
in the demand and considerable realizing.
which resulted In lower prices. The Euro
pean cholera scare aud the weakness in
grains also tended to produce weakness in
the provision pit. where the downward ten
dcncy WAS accompanied by dnilness during
a considerable portion of the session. Sep
tember pork opened sc of, at SIPS sold
down without material reaction to Sl1. Is,
and during the last hour took a further dip
to $1,000. closing at $l1-a loss of Soc COM
pared with yesterdays final tigures Sep
tember lard was entirely nominal during
the early part of the session, and closed
with q loss of .07l9c. Ribs are .17lac lower.
Estime..ed receipts for tomorrow are:
Wheat, - cars: corn, $50; OATS es5, hogs
$4,000. 1ne leading futures ranged as fol-
lows: