The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-26
OATS HAD THE CALL
MORE GIVE AT CHICAGO THAN
EITHER CORN OR WHEAT.
Heavy Selling Caused an Unusual De-
cline Which Was Mostly Recov-
cred Before the Close.

CHICAGO, Oct. 25.-The Board OF Trade
ception of oats. That market woke UP, and
under heavy selling for Irwin, of Pittsburg,
declined sharply. rallying later on cover
ing by shorts and closing, but sc lower for
May. December wheat closed IA lower.
May corn sc lower and provision slightly
higher for pork.
Business in wheat to-day was very dull
and a subject of general complaint. The
discouraging cable news and the heavy re-
ceipts in the Northwest were sufficiently
bearish to keep prices under yesterdays
closing values. The expectation of a cold
wave and talk of drought in the winter
wheat belt prevented a marked decline. The
days fluctuations were narrow, 525sc being
the highest price realized for December. and
52Ac the lowest, with 5211c the trading price
at the close.
Corn was dull and for the most part in
clined TO droop, although its weakness was
not very pronounced. There was some in
quiry for round lots for shipment, and at
least 100000 bushels taken. Comparative
frmness was impaired in the latter part of
the session by some buying, which was re-
ported to be covering of shorts for account
of the Pittsburg man whose selling out of
long oats was the feature of the latter mar
ket. Receipts were III cars, and estimates
for tomorrow are 10 cars. Liverpool adj
vices said that stocks of American corn
there were exhausted. May opened and
closed at 1850, its fluctuations being be-
tween 1880 and 1880.
To-day's session in the oats market was
active, and a large amount of stuff changed
hands. There was heavy long selling for q.
w. Irwin, a Pittsburg plunger. 1t was said
that about 10000 or 100000 bushels or oats
were disposed OF on his account, principally
through Mcpherson, Harry Parker and Bart
lett, Frazier & Co. The last mentioned
firm was also reported to have sold con-
siderable stuff on the account of an oat-
meal trust. Not only was there free selling,
but a generally good disposition to buy on
the part of the shorts, and but for this
the decline would have been much greater.
Jackson Bros. bought over 100000 bushels on
the decline, which they had previously been
short for customers. The rest of the buy
ing was scattered, some among commission
houses and some by local parties. This
market was far more active than any other
on the floor. May started at from 32hsc to
324c, sold down 10 3lssc, and at noon was
selling at 31Nc. Towards the close selling
was not so free, and the market advanced,
May closing at 321sc. Provisions were very
dull and trading of the lightest. The open
interests in the market were evidently in
clined to await further developments before
disturbing their long or short lines. Fluc-
tuations were insignificant, and in the end
prices were not materially changed as com
pared with current values twenty,four
lower and ribs unchanged. Hog receipts
were $4,000 to-day, and 5000 are estimated
for tomorrow.
Freights-Corn and oats to Buffalo. &c. or
time. Oats to Collingwood, 1c. Corn to
Point Edward, nc.
Estimates for Friday: Wheat, So cars;
corn, 100 cars; oats. 125 cars; hogs, $4,000.
Leading futures ranged as follows: