The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-29
CASH WHEAT AT SIC
ALL RECORDS FOR ROUND LOTS
BROKEN At CHICAGO YESTERDAY.
Corn Has Been adj i'm the De-
to 43c, May Closins at 40 lac.

CHICAGO, Sept 2s.-Cash wheat broke
all records to-day, when a round lot in
the National elevator sold at SIC per bushel.
The speculative grain markets were weak
under free selling, corn leading in the de-
cline. December wheat closed &c lower.
May corn 4c lower AMI May oats sc
lower. Provisions finished with modest
gains.
Wheat followed the regular programme
at the opening. 1t started weak at about
sc below the closing prices of the previous
day, and continued to rule dull and heavy
for an hour. A little more life was in
fused into the market at the end of that
time. and slight increase in activity was
accompanied by a rather firmer feeling.
The situation had not outwardly changed
since the day before. Chicago receipts for
to-day were 1919 bushels and the shipments
s,2S2 bushels. The primary market re-
ceipts. including those at Kansas City,
amounted to 100000 bushels. The export
clearings of wheat and flour from the prin-
cipal Atlantic ports amounted to the re-
spectacle total OF $4,000 bushels. Foreign
markets were generally weak and lower
at the opening. Berlin being the exception.
December opened here at 531sc. as against
531ac at the close of the -Narnet yesterday.
Tt did not get below thai price, nor above
533sc, all forenoon. The closing cablegrams
showed no change since the openins. Ant
werp, Paris and Liverpool all sent "
quotations and Berlin higher. The price
here worked down around 53isc near the
middle of the day, and a scratch sale was
made at SIC. Considering; that corn was
turning itself inside out during the greater
part of the session. wheat acted firm, clos
ing at 5314c bid for December.
Corn was very weak at the opening. and
became weaker as the session DrOgreSSeu.
up to about u o'clock. In that time lie per
bushel had been knocked off the value 1T
very first transactions shook the price down
12c, the opening trades in May being at a
range of 1880 down to @h.c, compared with
1t ruled firmly for awhile and reacted to
1880, but shortly after y O'Clock 1t had
slid down to 49c. There was another reac-
49Igc, but everybody seemed to have corn
for sale at 49l2c. The general belief is that
a large proportion of the unloaded cars IN
the shipping demand for No. 2 corn has
disappeared. The market was weak at the
close, finishing at 4sl.c Tor May; :, ..s
Orders were plentiful. aild sellers offered
still more freely. This tended to ease off
values, although the fluctuations were gov
erned entirely by the action Of corn, and
we're steady to a shade firmer, but gener-
ally speaking We're lower; Carrington-
Hannah disposed of considerable stock.
Bartlett-Frazier. Forge and Lindman were
good buyers. Other trading was principally
scattered. May opened fcom 33s@S3Ac to
33ssc, sold up to 33ssc. and back to $3.50
331dc. closing at 33d33lsc.
Provisions did better fer holders to-day.
The receipts were only 5000, and 10000
are looked for Tomorrow. Armour & Co.
were credited with buying a good deal dur
ing the session. and the Anglo-American
Packing Company and the packers We're
also more favorably inclined toward the
market than for several days. Pork opened
at an advance of &c and rose zoe more, re-
acting a trifle. and closing with a net gain
of 221zc. Lard at the close showed an inn
provement of .1Oc, and ribs made a similar
gain.
Freight rates steady a 11ac for wheat.
13sc for corn and 1kc for barley to Buffalo,
and &C for corn to Prescott.
Estimated receipts for Saturday: Wheat,
12 cars; corn. 275 cars; oats, 1T5 cars; hogs,
10, 1000.