The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-02
BULLSCAUGHTASLEE
ESTIMATED THEY ARE CARRYING
10000, OcO OF LONG WHEAT.
All Grain Suffered Declines mt Chica-
go Yesterday, While the Pro-
vision Market Advanced.

CHICAGO, Sept. L-Board of Trade bust
ness was rather light to-day, and the bears
had the advantage in the contemplation of
a big array of figures as likely to represent
the receipts of Tuesday morning. Another
expected addition 10 the visible of wheat
Of about 100000 bushels was also against
the bulls. AS a consequence, September
wheat is &c lower than IL closed yesterday.
Corn, after a lively rise in the beginning.
tumbled until &c lower for September and
CSC lower for May. September oats closed
&c lower and provisions finished at adj
vances.
A general desire to anticipate the effect
on Tuesday morning of the Accommodations
of the receipts during the Sunday and Mon
day holidays caused wheat to rule weak. II
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 to-day were rath-
er smaller than estimated for Chicago, and
at Minneapolis and Duluth the reported re-
ceipts did not indicate any likelihood of the
volume of farmers deliveries in the North
west increasing. The foreign markets were
steady and the deliveries of wheat on Sep
lenDeT contracts were al ldkeu care VI
by the elevator proprietors. About 100000
bushels was the quantity which was sup
posed to be rendered in the morning by a
few houses and, after going the rounds, it
found it's way back to the carriers who
have it sold for December. Trade was
light and the price was thus easily af-
fected by a moderate amount of short SELL
ing. The bulls are Juggling probably 15O, OOO.-
ON hnCholc Of 10pO what in fbic n1arEaf
and they need help when their burden is
increased by the impact Of the short SELL
ers jumping on their shoulders. December
opened at 563sc. or CSC below its closing
value on Friday. Ii advanced to 573sc, sold
off TO 561ac, and closed at 565sc.
There were practically no deliveries of
corn on September contracts to-day, and
consequently the shorts for the month were
alarmed. The holder of the cash corn did
nothing to allay their fears, but, on the
contrary. J.: c: Schwarts's recognized brok-
ers were bidding for the limited offerings
during the first hour of the session. Sep
TENDER opened at SIC. as against 56s4c at
the close yesterday. 1t rose excitedly to
5S%c, and, after reactlng to 5Sc, close to
which it held for a short time. it had a
sensational tumble to 56hac, and later to SEC,
at which latter point ii was when the mar
ket closed. The weakness came from ex-
pected heavy Monday receipts. May opened
flrm at about yesterdays closing price,
and advanced under the influence of the
strength in September until the former
touched 54c. 1t declined from sic to 527kc.
and closed at SIC. or &c lower than on the
previous afternoon. Receipts estimated for
Monday at $50 carloads, was a weakening
factor.
The oats market opened with a firmer
tone and orders quite Plentiful, but this
strength lasted only a short time, for with
the corn market weakened, oats followed.
and at the end Of the session prices were
considerably lower. The decline was also
helped by liberal offerings and a rather
tame demand. At the opening the decline
commenced and 29zc was the lowest price
reached. That price was bid at the close.
PROVISIONS were strong. There was very
little disposition to sell short. The de-
liyeries on September contracts were insig-
nidcant. Hog receipts for the day were
10,000, and the price quoted from the yards
showed about lOc advance in their price,
aiding in the advance. Pork sold at s14
for both September and January and closed
worth 1885 for both deliveries, being an
Improvement Of from 12lac in September
to 71sc ir January Lard closed with loo
gain in September and Csc in January.
Ribs unchanged.
Freight rates steady at 1ssc for wheat.
1Ac for corn and 11sc or cats to Buffalo.
for Monday: Wheat 800 cars:
corn, $50 cars; oats, S25 cars; hogs. 25.O6
head. During the next week 80, COO head of
hogs are expected.
To-day's receipts: Wheat, $500 bu:
corn, 2ll,O0 bu; oats, BAG 900 bu. Shipments
Wheat. $1,000 blu; corn, 1872, 600 bu; oats.
10000 bu.
IL. rx.- -