The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-24
LOSSES ALL AROUND
FIRM OPENING MARKETS AT GILL
CAGO DID NOT HOLD OUT.
Wheat. Corn and Oats Suffered Mod
crate Declines, While Provisions
Were Strong and igher

CHICAGO, Aug. 23.-The grain market
began the day with a fair show Of strength,
but the advance was met with moderate
selling and the session ended with losses
all around. September wheat closed &c
lower. September corn sc lower and Sep
TENDER oats Ac lower. Provisions were
firm and finished at an advance.
Wheat was at times rather dull and the
range for the day was confined within
sc. The feeling was unsettled. Initial
trades We're at AG2sc advance at 55d55lsc
for September, and after selling off &c
rallied 12c, eased off sc, changed some
and closed with September at 54l2d54%c.
The early strength and frmer opening
was attributed to the continued wet
weather abroad and higher cables. which
started the local crowd to buying, Whine
foreigners were said TO be selling at New
York and selling here, which turned the
course of the market and prices sold off.
There was more wheat-feeding talk n
advices from the interior state that it
was on the increase, which, while a rumor
factor, had a stimulating tendency. on
the other hand, the Price Current sum-
mary was rather bearish. indicating a
total crop of 500, OOO,OO bushels. The North
western receipts were larger and the ar
rivals at primary markets also showed
some increase. which had the effect of
limiting the buying and rather increased
traders. New York rather led in the ac-
ton of prices to-day. and quotations were
watched rather more closely than usual.
Closing public cables were easier for con-
tinental markets and had. something to do
with the late decline.
There was only a small trade IN corn,
the market opened strong and higher on
the generally dry weather reported from
the corn country and In sympathy with
the opening jumps in the price or wheat:
Ii became weak later from the absence of
country buying orders and the narrow
trade which enabled a few bearishly in
clined local operators to make an i'm
preston by a moderate amount of selling.
The receipts were fifty cars over the esti-
mates, numbering go cars. May corn sold
at the opening at from $3.50 up TO $3.50.
After touching SIC it again rose to $3.50,
but became very weak after that and got
down around 521ac toward the end Of the
session. September sold at from 54Hsc
early in the day to close at $3.50.
Oats were taken freely to-day and an
active session with higher prices early was
the result. Outside orders to buy were
numerous, and with heavy Individual as
we'll as good local buying. considerable
stuff changed hands. The firmness lasted
well while corn was also hrmer, but when
weakened. September started at an adj
vance Of &c over yesterdays last quota
lions at sic, sold up to 31HQ314c and de-
clined TO 305sc, closing at 309sc.
Provisions were generally firm on mod
crate buying, scarce offerings and hog re-
ceipts under the estimate. Packers did
some covering, also helping the market.
Compared with last night January pork is
171sc higher and lard and ribs .071ac higher.
Freight rates to Buffalo lie for round lots
by line boats. Oats 20 Port Huron 1c and
wheat to Kingston 2Ac.
ReceiPts-WWh0eaaat, $1,000 bu; corn 10000
2OS,oOO Blu; corn, 1900 bu; oats. $4,000 bu.
Leading futures ranged as follows: