The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-09-12

CHICAGO, Sept. 10.-The grain mar
kets started out in a very bold and ag
gressive manner and made considera BILE
advance before meeting any effectual
resistance. When they ran up against
the visible supply statement they turned
around and became as bearish as they
had been previously bullish. Compared
with Saturdays closing prices December
wheat is &c lower, May corn kc lower
and September oats unchanged. Provi-
sions were independently strong, finish
ing with liberal gains all around.
Wheat started strong at from Sc to
15c lower than the price at which ii
Liverpool. Beerbohm reported Paris
firm at slightly better prices and Berlin
from y TO q marks higher The
amount OF wheat on ocean passage in
creased 232, 900 bushels during last week
and the weeks shipments from India
were 100000 bushels. Receipts of wheat
at Chicago were only 205 carloads. Min
neapolls reported receipts of SIS cars and
Duluth 240 cars The market firmed I'm
til after the visible supply statement
was published, and even for half an
hour following that 1t appeared inclined
to resist the bearish influence which
might be expected from an increase of
2,219,0OO bushels. compared with a gen.
orally expected increase Of not more
than 100000 bushels In the meantime
December, which had opened at 577sc,
and after a slight turn down to size,
had advanced TO 5Sc, had become steady
at around $3.50 until it was seen that
the visible supply would increase be-
yond expectations. When the result be-
came known il broke to 57hc but met
a good demand at that which turned II
up again about Ac. Rumors became
current at the latter point that the New
Workers had good authority for the pre-
diction of quite bearish government
report on wheat this afternoon, and On
that there was a clatter In the pit as
the price rolled down TO SIC. with sell
aers at that for brief space. closing at
'57Bc.
Corn opened strong under belief that
the government and the elements were
both going TO do something for the bulls
this afternoon. The government was
confidently expected to confirm the
worst heard from other sources regard
ing the extent Of the drought damage,
and the weather bureau reported frost
conditions for a large area OF the western
corn country tonight with probably kill
ing frosts I'm the more northern fringe
of counties. The DAYS receipts being
light and the estimates for tomorrow
also small were additional causes of the
early strength. After the heavy increase
in the visible supply OF wheat had begun
10 weaken that market the local bears
In corn found their opportunity and
quickly knocked the bull feeling out Of
the corn market. There was an active
trade during the first half hour 1t then
became quite dun until after the visible
was received, when IL became active
again, while all the early bulushness
was eVapOratiug Nav oppned q EG1Lo
with a sale as high as 56l%c. but hardly
any business was generally possible over
56Hc. IL fluctuated for a time between
55tsc and 56Ac. and about an hour from
the close II sold as low as 552sc II re-
covered again TO 5524c and closed at
555sc.
oats started with indications of
strength and a good business but soon
after the start the firmness gave way
Fluctuations continued to rule In SYM
PATTY with corn and still show no signs
of independency. The expectation of
very bearish government crop report
added materially TO the heaviness pre-
vailing. September opened at 30Ac. sold
of 10 3Olsc and closed at 30hc.
There was only one side to the provi-
sion market 1t was strong from start
10 finish. Receipts of hogs here and
elsewhere in the West were quite light
and their price here was about sc over
saturdays average as reported from the
yards Some buying orders at the start
coud only be filed by bidding up prices.
the offerings beinS light Chaplin & Ed
wards were good buyers of ribs and
Boyd, Durham & Co. and the Cudahy
packing company had them for sale on
the advances. January pork closed 27Jhc
higher, January lard zoe higher and Jan
uary ribs 12lbc higher.
Freights slow with boats offered at
lac for corn to Buffalo.
The leading futures ranged at follows