The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-09-05
MARKET REPORTS.

CHICAGO, Sept. Board of trade
business was rather light today and the
bears had the advantage in the contem-
plation of a big array of figures as likely
to represent the receipts of Tuesday
morning Another expected addition TO
the visible Of wheat of about 100000
bushels was also against the bulls. AS
a consequence September wheat is 1zc
lower than 1t closed yesterday. Corn.
after a lively rise in the beginning.
tumbled until &c lower for September
and 2sc lower for May. September oats
closed sc lower and provisions finished
at advances.
A general desire TO anticipate the ef-
feet on Tuesday morning Of the accumu-
lations Of the receipts during the Sunday
and Monday holidays caused wheat TO
rule weak 1t was steady for about an
hour. but broke down when a sudden
collapse in the price Of September wheat
reawoke the wheat traders to what had
previously been in their mind about the
expected big receipts on Tuesday. The
receipts today were rather smaller than
estimated for Chicago, and at Mime
apoas and Duluth the reported receipts
did not indicate any likelihood of the
volume OF farmers deliveries in the
northwest increasing. The foreign mar
kets were steady and the deliveries Of
wheat on September contracts were all
taken care of by the elevator proprie-
tors. About 100000 bushels was the
quantity which was supposed to be ten
dered in the morning by a few houses,
and after going the rounds 1t found ITS
way back 10 the carriers, who have IL
sold for December. Trade was light
and the price was thus easily affected
by a moderate amount Of short selling.
The bulls are Juggling probably 100, 900. 600
bushels Of long wheat in this market
and they need help when their burden is
increased by the fact of the short
sellers jumping on their shoulders. De
cember opened at $3.50, or sc below its
closing value on Friday; II advanced to
$3.50, sold off to 5619c and closed at $3.50.
There were practically no deliveries of
corn on September contracts today, and
consequently the shorts for the month
wer alarmed. The holders of cash corn
did nothing TO allay their fears, but, on
the contrary, ]. Q. Schwart's recognized
brokers were bidding for the limited Of
ferings during the first hour of the ses-
sion. September opened at SIC, as
against 56%4c at the close yesterday. 1t
rose eXcitedly TO 5S%lc, and after react
ing to 5Sc, close to which IL held for a
short time, 1t had a sensational tumble
to 56izc and later TO 56c, at which latter
point II was when the market closed.
The weakness came from expected heavy
Monday receipts May opened firm at
about yesterdays closing price, and adj
vanced under the influence Of the
strength in September until the former
touched SAC. II declined from sac to 527sc
and closed at SIC, or &c lower than on
the previous afternoon. Receipts esti-
mated for Monday at $50 cars, was a
weakening factor.
The oats market opened with a firmer
tone and orders quite plentiful. but this
strength lasted b;:S n very short time.
for with the corn market weakened, oats
followed and 1T the end of the session
prices We're considerably lower. The de-
cline was also helped by liberal offerings
and rather tame demand. At the open
ing the declined commenced and 29l4 c
was the lowest price reached. That
price was bid at the close.
Provisions were strong. There was very
little disposition 10 sell short. The de-
liveries on September contracts were in
significant. Hog receipts for The day
were 10000, and the price quoted from
the yards showed about 1Oc advance in
their price, aiding in the advance Pork
sold at S14 for both September and Janu
airy and closed worth 1885 for both de-
Hveries, being an improvement of from
I21zc in September to 71ac in January.
Lard closed with lOc gain IN September
and DC in January. Ribs unchanged.
1l4c for corn and 1bc for oats to Buffalo.
The receipts for Monday are estimated
as follows: Wheat, $50 cars: corn $50
cars; oats, 325 cars; hogs, $4,000 head.
During the next week $1,000 head OF
hogs are expected.