The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-20
ALL MARKETS HEAVY
CORN STEADILY SLIDING BACK, LOS
ING ANOTHER CENT SATURDAY.
visions Followed the Procession
Down mt a. Moderate Gait.

CHICAGO Aug. 1S.-The crop damage
scare largely collapsed to-day and corn.
which. a week ago. was so exceedingly
buoyant that it was able to lift not only
itself, but every other market on the floor,
was heavy as lead and closed with a loss
since yesterday of 1c per bushel. Wheat
Joined the funeral march of corn. only to
the extent of lac per bushe Provisions
followed the procession reluctantly. closing
at a moderate decline.
In wheat there was a light speculative
business, the range for the day being linn
tied to %G12c. The feeling was easier
First trades were at fractional advances
at 541sG544 for September, but did not
hold, and 3sd1zc reaction set in, followed
by sqAc rally, became quiet, ruled steady
and closed with September at 53$4 d537sc.
The early firmness was attributed TO the
receipts falling off over 100 cars from the
estimates and TO a smaller movement in
the Northwest and cables, while dull,
showed no decline all of which tended to
strengthen prices. The market, however,
soon sympathized with the decline in corn
and lower prices followed, the Northwest
selling moderately and prominent local
spectators also sold freely, which
sisted the weakness, the buying being con-
were moderate sellers Reports from the
spring wheat country came in like those
from the Southwest one month ago, stat
ing that threshings were turning out con
sl9eraDly larger than expected. Private
cables quoted the weather showery in Eng
ldnq and market qu!et and rather weak,
MItn prices unchanged and added that the
frencn crop was ascertained TO be large,
out the quality reported as unsatisfactory.
Inc corn market was weak and appeared
70 be in need of more buying orders from
the country, as the demand was very light.
Inc general impression that the crop dam
age nsd been oyerestmated Was chiefly
1alriy active. Receipts were only 245 cars,
and for Monday 800 cars are estimated.
Inc highest prices OF the day were made
at the opening, and those were at a trifle
Improvement on the closing rates of the
cl'2e6 l1sc under the highest it sold for at
the opening and it left off 1c below its cur
rent rent value at the close yesterday. May
pursue similar course, gaining for an
instant at the start Ac the previous
afternoons price, but dropping lc of thar
and cIosing with net loss of 7sc for the
52l4c and it closed at 5lssc.
Trading in oats. while only active at
times during the session, amounted in all
TO very good days business. The tone
action of corn. September closed sc lower,
at 2sS4c bid. after having sold from Boise to
that price May ranged from 54$4c to 54&Sc
ana ended with the latter price bid, a de-
cline of sc also.
Provisions opened higher on light live
to5 iNNOiA'tS, uiAuSl lhSlCdSSu OlItI-
ings soon sold down. Some steadiness was
develoDed near the close on moderate buy
ing and slight reaction followed. Conn
pared with last night, January pork is 20c
lower. January lard Csc lower and jan
uary ribs .10c lower.
Freghts-Corn and oats to Buffalo at
:sc. or 1sc better for oats. Wheat 2lsc to
kingston. and load of clipped oats to
Port Huron, &c.
Recelpts-Wheat $4,000 bu: corn, 1O5, 900
bu; oats, 2S5,OOO bu. Shipments-Wheat, 3d.
600 bu; corn, $4,000 bu; oats, 24s 900 bu.
Leading futures ranged as follows: