The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-08-02
THE MARKET REPORTS.


other bad slump in wheat on change
today and another low price record was
scored. Cash wheat at one time being
worth only $3.50 per bushel while Sep
TENDER sold as low as 57Ac. The NOM
inal value of July wheat at the close
was 564c and September left off at
591sc or 2kc under it's closing value on
Saturday. New York up to the close
had disposed of ITO boat loads of wheat
for export and here it was claimed that
475.000 bushels had been worked by
Chicago house, who were fortunate
enough to have been able to place the
exchange The traders in the wheat pit
appeared perfectly dazed when the mar
ket opened and holders were found anX-
ious to dispose of their property at
almost any price that anyone chose to
offer for it. September wheat closed on
Saturday with apparent firmness at
Size, was practically unsaleable until
it was urged upon buyers at 5Sc. There
were a few lots disposed of in the open
ing melee at from 59%4c down to 59c, but
before buyers came forward in any
number the price was 5Sc, and even
57Ac all that could be obtained
for an instant. Cash wheat was NOM
inally worth only $3.50 at the time
that September touched STAG. Lyon and
Hubert were unable to meet their mar
gins and gave notice to the secretary
of the board to close out their deals.
Foreign markets were easier at the
opening. Chicago receipts were 12O cars
and Minneapolis and Duluth got $50
cars or just so per cent. of the receipts
of
passage decreased 800, 900 bushels and
the visible supply in this country in
creased $4,000 bushels. but neither of
those matters received much attention
from the spectators. The reported en-
gagements of gold abroad for shipment
to this country and liberal purchases
of wheat for export both here and at
New York infused a little stiffening
into the trade toward the close and left
Septembr wheat at $3.50 The high
price of New York exchange continues
TO be the chief factor in limiting the
eastward movement of grain. In
sympathy with the decentralization
in wheat a drop in the price of
corn was inevitable. The decline,
however, was less than 1c per bushel
when at it's lowest point. September,
which closed Saturday at 3S3sc,
opened at 3Shc, and tumbled at once
to 37z4c. It worked back and forth be-
tween 3724c and Ss14c during the greater
part Of the session. 1t made a dip to
1850 about midday, but held around CSC
for the most part of the latter half of
the session. The weather continues hot
and dry in Indiana, Illinois and Missouri,
but no complaints to speak of are heard
about the growing crop Trade was
at no time brisk. The days local re-
ceipts amounted to 513 cars. The WISH
BILE increased 419 bushels The market
was fairly steady toward the end and
closed with sellers at 3S1sc for Septem-
Der. Only a moderate business was
transacted in oats. The market opened
steady and grew slightly firmer shortly
after, but eased off somewhat in sympa-
thy with the other markets. July fell
off considerably, the shortage was all
covered, holders had to take what ship
pers would offer. Two hundred and six
ty cars, including 103 new oats, were re-
ceived. There was a decrease of 496. 900
bushels in the visible supply. September
started at 239sc. sold up to 2S1zc, then
declined to 23c and closed at 23kc. July
sold at 215sc. May opened at Csc, sold
up to 2S3sc, down TO 27Sc and up again
to 2S1sc. There were % 600 hogs at the
yards and they sold at about Saturdays
rates. Provisions opened quite weak on
account of the sudden drop in wheat at
the opening, but the clique pegged Sep
TENDER lard at 1910, and the packers
came to the rescue of the ribs market
after it had a considerable drop. Sep
TENDER lard actually closed sc higher
than on Saturday and September ribs
from 71ac to 10c higher. October lard
was weak and left off zoe lower. There
was a fairly active business done and
trading was much more general than Of
late. Freights were easy, 13sc for wheat
and 11sc for corn to Buffalo and 31sc for
wheat and Sc for corn to Kingston. Es-
timated receipts tomorrow: Wheat, 327
cars: corn, 900 cars; oats, $50 cars; hogs,
$4,000
The leading futures ranged as follows:
Articles Open. High. Low. Close.