The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-14
ALL MARKETS LOWER
INCREASING RECEIPTS DRAGGED
WHEAT TOWARD TIE BOTTOM.
Corn Estimates Placed rs high as
1,sOO, 900, OOO-Provisions Felt the
influence and Declined.

CHICAGO, Sept. Embarrassing receipts
and other bearish influences dragged wheat
down to-day, and December closed with
a loss of CSC. The other markets. too.
were weak, and all closed lower. May
corn lost sc, May oats &C and provisions
closed at a decline.
The wheat market was easier. first be-
cause of the slumpy character or corn,
and later owing to the failure of the pri-
mary market receipts 10 continue the in
dications of the previous two days that
they had passed their flood tide and had
commenced to ebb. The aggregate OF the
days receipts at primary markets exceea-
ed 1,00O,0OO bushels. The Liverpool market
was first quoted unchanged in price. but
feeling easy for American red winter; the
second dispatch quoted a decline of from
I'D to I'D per GENITAL. Paris was quoted
at the close IS confines higher for spot
wheat. but slightly easier for deferred de-
livery. Berlin closed from y mark to q
mark higher. Export c~learances from the
Atlantic seaboard amounted in wheat and
-four to 5000 bushels. which, so far as the
days figures of movement is concerned.
was about the only encoura cement that
the bulls received. December wheat, which
closed at 57%957hc. opened with sellers at
size and very soon had declined to SIC.
Later it got down TO $3.50. and seemed
to become attached to those figures for a
lime. The reports from the country about
the feeling of wheat in preference to corn
were as numerous and unanimous as ever
regarding the increasing tendency TO give
the cheaper material to the hogs, and good
demand reported as existing at New York
for export with % boat loads reported
worked there and at other ports. There
uQS "A rQpnVayU in the mqrKQf hero RI AILN
for December. and il closed at 57sc bid.
Corn was weak. The statisticians and
crop experts jumped on II with both feet.
John ingalls,. the crop expert, was quoted
as saying that the States of Illinois. Indi-
ana. Ohio and Missouri would have 10000
900 bushels more than the government gave
ton. Murray, of tile Price Current, put the
total at 400. OOo,O 600 bushels. or possibly
claims TO have six correspondents in every
county in the corn-producing States, puts
the total yield at over leo OOo.co bushels.
Russian barley had been bought for i'm
portation was one of the depressing fac
tors. and an estimate of AS cars for to-mor-
rows receipts here was another. The re-
celpts to-day were 26 cars. compared with
1S5 estimated yesterday. May corn. which
closed on the previous afternoon worth
&c. started with sellers at from 55ssc to
5512c. 1t declined to 53sc, recovered to
55hc and closed at 551sc.
In the oats market, while the feeling was
easy "a thC eltaN1i IoL VI thS o1o
sion, a big business was transacted. both
general and individual. The akn in
corn Sufficed TO cause a like feeling in
oats. Norton orthington and Bartlett
Frazier were the heaviest individual buy
ers. while the selling was scattered. May
opened &c off from yesterdays last quota
ton, at 3614c, touched 36ssc, and sold down
to SEC. closing at 36hc.
The provision market was weak like the
others. The heaviness In grain had some
influence IN depressing provisions. but the
weakness was principally due to the action
of the packers, whose hands were almost
unanimously against the bull side of the
market. Everything was fairly firm for a
moment or two at the opening, but soon be-
came weak and was close to the bottom at
the close. Compared with the final quota
tons Of the day before. January pork Is
121ac lower, lard and ibis each .071Ac lower.
Freight rates were steady at 11hc for
wheat and 1Ac for corn and 1hc for oats
to Buffalo.
Estimated receipts for Friday: Wheat,
160 cars; corn, 425 cars; oats, 162 cars; hogs,
5000.