The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-23
UNSETTLED FEELING
CHICAGO MARKETS NEITHER BRISK
NOR MARKED WITH STRENGTH.
Wheat Went Of Use and Other Grain
Declined While Provisions About
Held Their Own.

CHICAGO, Aug. 22.-Business was not
brisk in any of the speculative markets,
although an unsettled feeling caused q
good many rapid fluctuations. In grain the
final outcome of the days trading was
a decline of sc in wheat and l2c in corn,
with oats and provisions practically un-
changed. Selling on the hard spots was
responsible for the decline, holders realiz-
ing at the higher prices.
Wheat ruled fairly active, the range for
the day being ssq%c. First trades were
at HQ1c decline. at SOC for September. and
sold off a fraction more, rallied %q%c,
eased off ac, advanced 1kGl4c. became
steady after hanging and closed at 5494c
for September. The market started out
weak, Notwithstanding the small receipts,
the lower cables apparently having more
influence and room traders sold quite free
ly for a while. The sentiment changed
and prices suddenly advanced on foreign
news, the weather was reported as again
cold and rainy on the continent and pri-
vate cable advices gave a bullish official
Russian crop report, but without details.
New York led in the advance, selling up
before the turn here, and was also some
thing of a factor. At the advance there
was quite a realizing and IL prominent local
concern, with elevator interests, was sup
posed to have sold freely. New York lost
most of the strength and also reacted.
The falling off in local receipts no doubt
caused a little more outside buying. There
was rather free liquidation in September,
selling that delivery and buying December,
the premium widening to about 31sc.. Oper-
atorS evidently overbought themselves on
the Russian crop news, and in selling out
the price receded 10 about the inside figure
Corn ruled fairly active, the fluctuations
covering Bqlhc range The feeling was
nervous and unsettled, with the market
sensitive and subject to sudden turns either
way. The sentiment at the start was a
little ,bearlsh and offerings We're quite lib.
weather and crop bulletins, being more
favorable than expected. and also to the
fact that the market closed near the top
yesterday, and some reaction was antici-
pated, to-day; Early offerings were readily
on the market checked the decline, with
the early sellers turning buyers, and found
but little for sale. A frm tone then pre-
vailed, but outside figures were not MAIN
tanned. a material reaction setting in, and
final quotations shoxed a loss for Septem-
was moderate country buying and some
realizing for interior holders around out
loss, at 55c for September. and after hold
ing steady for a while advanced %G1sc.
eased back Aq%c, rallied some, declined
tember at 54iac.
While there was no independence what
esfs m nm + dseara a 20 GOOD she b ~nIG n %as G fra Tne
acted and the market was active during
the greater part of the session. September
opened at 3034c, sold off to 303sc, up 10 Sic,
and closed at 307sc.
Provisions were firm without much activ-
ity. Very. few orders We're on the market
Armour g. Co. sold some ribs for January.
The Chicago Packing Company. which
bought quite freely of September ribs yes
terday, was the most liberal seller to-day.
The fluctuations in pork followed the
changes of corn TO a moderate extent. Clos
ing prices for January are very little
changed since yesterday. Pork closed at
slS.571A. or 2l&c higher, and lard and ribs
repeat yesterdays final prices.
Freight Rates-Wheat, 1Ac, and a cargo
of corn at 1c TO Buffalo.
Receipts-Wheat $1,000 bu; corn, 10000
bu; oats. 500, 900 Blu. Shipments-Wheat, 1885,
600 bu; corn, $4,000 bu; oats, 2S7, goo bu.
Estimates for Thursday-Wheat, $50 cars;
corn. $50 cars; oats. $50 cars: hogs. -, 900.
Leading futures ranged as follows: