The Indianapolis journal., 1893-08-10
CORN CONES TO TIE FRONT
Buying Orders We're Numerous. and the
General Tone Became Bearish.
Reports Of Serious Damage 10 the Crop on Ac-
count of the Continued Drought Assisted
in Boosting the Price Full Cent
TRADING AT CHICAGO.

Wheat Goes OF Slightly, While Pork and
Ribs Make Advances.
CHICAGO. Aug. 9.-The corn pit was
the center Of interest most of the time to.
day. Wheat was largely side issue. The
government weekly weather bulletin
showed serious damage to corn in many
States by drought, and reports from the
country were more emphatic than before
regarding the imminence of q great disas-
ter TO the crop. There was some weakness
near the close, on s report that rain was
falling In Nebraska. Compared with last
night. May corn left off 10 higher. Wheat
is lsC0Ac down. Pork and ribs are each up
zoe. and lard .40c. Transactions In
corn were not confined so much as of late to
the local trade. the outside In terest increas.
ing and buy ing orders being numerous. Inc
government weekly weather bulletin
demonstrated that the past week was
hard one. inhicting more damage than any
previous.
To-day there were scattering sbo W ers
through Colorado and the extreme South.
west. it being dry and hot else here. and
private advices reported considerable in
Jury iu Nebraska and other leading corn
raising States which a short time back
promised an immense yield. The money
situation is III such shape that the cash
trade is generally curtaIled and has
dampening effect on the near futures. ex-
change cutting considerable of a figure. The
market opened at yesterdays final hRureS
and. under an urgent demand from shorts.
advanced 1Ol sc for September and lac tor
May, working back respectively IS fO 40
and lac. and at the close the former was
MP Is lac and the latter ! a llsc. Receipts
were light and estimates for tomorrow are
also very moderate.
Wheat at tie opening was easy and from
Sc to $50 lower, then improved, prices Tor
September advancing 10 and December
10llsc. IL then eased off again
and the closing WAS about Sc lower for
september and lao lower for Dacemher
lower opening was continuation Of yes
terday's weakness and the uncertainty In
regard to the financial situation. The
reported suspension OF New York bank
may also have had some effect But there
was buying from other sources on q
moderate scale, influenced by good clear
ances from the seaboard and rather I'M
favorable crop news Operators also
ex xpeot that the government monthly report
will DO buIiish. The weekly report said
the drought was affecting the crops In
Minnesota, that the sprInR w heat crop in
Wisconsin was light and North Dakota
suffering for RAIN. There was 81, 600
more gold taken In Europe for America.
tenor, but presumably q reflection of the
American markets.
Oats showed better trade and stron ger
feeling, due TO sympathy with corn. and
also To crop reports being rather unfsvor-
able. The feature was the strength and
advance of lao in May while September
advanced 7sc. The bulge brought out
liberal selling and prices reacted A0so.
and the market closed steady. The provIs.
ion market was very firm on q moderate
amount Of business. The tirmness was
more the result of the small otferin Is than
of the extent of the buying orders.
Hog receipts as reported from the yards,
only amounted to 1900 head, instead of 49,
COO. as mad been expected. Some buying.
led by Armour * Co., caused some shorts to
cover. Lard was the most active article on
the list. On the advance there was some
long pork sold ont. which was said To be
the cleaning up of @ line that was only
partly liquidated on the slump u week
ago.
There was no improvement in demand
for vessel room. and rates remained easy aJ
Ii c asked for wheat. and 10 for corn to
Buffalo. Estimated receip pts for to- morrow
are: Wheat, 115 cars; corn. 270 cars; oats.
210 cars: hogs. 5000. The leading futures
ranged as follows: