The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-09-30
GRAIN DOWN. ROVISIONSUP
Corn. Leads the Slump, Going or | 1.2c,
Followed by Oats ard Wheat.
Continued Good Weather Gives the Frisky
Bears One ofthe Best Clubs They Have Had
in q Long While over the Pits.
TRADING AT CHICAGO.
Provisions Are Under the Thumbs of ths
Manipulators and Advancing

Provisions Are Under the Thumbs of the
Manipulators, and Advancing.
CHICAGO. Sept. 90. - An epidemic of
liquidation seized the grain pits to-day.
Hog products. on the contrary. in the hands
fairy-like b%uoyancy. Corn and oats led the
procession of cereals toward lower prices,
the brilliant weather and unexpected az
gregation of loaded cars arriving from the
fields being the chief clubs for the bears.
Wheat. compared with yesterdays closing
price, is leo lower for December and $50
lower for May. Corn declined lac for Octo-
Der and lac for May. Oats fell 10. and
October ribs are .57iao higher. Every day
of such weather as now prevailing insures
the safety from frost damage of many addi-
tional millions of bushels OF the
maturing corn, and that fact. together
with an excess of f~Orty-nlne cars over the
estimates in the local receipts, caused
much weakness in that market. The esti-
mate of the Iowa crop, BY the Cincinnati
Price Current, placing the probable yield
at 230.O0O.00O bushels against 175, 900. 900
bushels as claimed by the state authori-
ties In their recent report, was also grounds
upon which the bears based their hopes.
Lines of long corn came out In consldera-
BILE volume. and commission-houses having
numerous selling orders of small lots.
which augmented with the drop in prices,
caught successive patches of stop loss or
ders. The gr-atest decline occurred after
the publication of the for to-
morrow. which are placed at seven hum
dred cars. The bottom slid out of oats.
Receivers and longs sold freely, and shorts
bought. The close was about at the bot
tom.
In wheat the trade was not large. Pre-
dictlons were for another liberal increase
III the visible supply next week.
The situation In provisions seems simply
red hot. The most powerful interests IN
the trade are apparently arrayed against
each other. and aside from the speculative
demand and natural conditions favor a big
and broad market. The interest was chief
ly In short ribs a week ago. Since then
the operations in lard and pork nave at
products WAS intensified to-day by the ad-
vance estimates being made on the
stocks of provisions. The figures
were bullish. The Cudahy- Wright
January ribs to-day and matched
tho October bid up to still higher figures.
The Cudahys also bought October lard, that
option going to-day for the first time over
SC. Armour brokers continued to buy
October pork. Helmbolz, Beasley Packing
not change their trades to November, were
obliged to bny in their October pork. A
sale of 100000 pounds of cash ribs, Norton
Worthington to Cudahy, at l0c was given
out to-day. The stuff was from Kansas
City. Prices were advanced ali round, but
extreme figures were not maintained or
pork and lard. In pork near deliveries
went up 25035c, while ~jOnuary ruled from
The lower to $50 higher. Lard advanced
.050 .073c Ribs were sent 500 $50 sky
ward for October on scant trading.
There was q fair business in charters at
2Ao for wheat and 2c for corn to Buffalo.
Estimated receipts for tomorrow are:
Wheat. $50 ears; corn, 700 cars; oats, $40
cars; hogs. 90. 1000 head. The leading fut-
ures ranged as follows: