The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-29
BY BEARS
WERE OUT IN FORCE AT CHICAGO
AND CAUSED MATERIAL DECLINES.


CHICAGO, Aug. 2S.-The bears were out
in to-day's battle in the grain markets
Lower cables and heavy receipts weakened
wheat, and December closed sc lower. May
corn closed &c lower and September oats
sc lower. Provisions finished higher all
around.
The wheat market opened weak and con-
tinued so during the entire forenoon. The
depression was caused chiefly by the heavy
receipts at Duluth. Minneapolis reported
1l cars anG Duluth 693. making a total of
Si cars, compared with 1874 at the two
places on the corresponding day of last year.
The Chicago inspection showed 46i carloads
here, against $50 estimated. In addition to
the heavy receipts, the foreign markets
were quoted lower. Liverpool was given at
from 12d to &d lower. The shipments from
the principal exporting countries of the
world last week were reported at 3.Sl6,G0O
bushels. and the total put afioat for the
importing countries reaches the aggregate
of 1900, 600 bushels. The total receipts at
our Western primary markets for the day
were again in excess of 100000 bushels.
The only matter of a bullish character in
the forenoon's news was the liberal clear
ances for twenty-four hours from Atlantic
ports. which. in wheat and flour, amounted
to $4,000 bushels. There was a steady sag
ging of the price here from $3.50 for De-
cember at the opening TO $3.50 about u
o'clock. The weakness increased near the
end of the session, and December finished at
5t240557sc.
Corn was rather easier, not from any
chanSe in its speculative condition, but
principally due to the impotence of some
rather heavy local operators, who. in the
absence of outside support, thought they
could make their own beariSh views pre-
vail. They succeeded to only a moderate
extent. The reports from the drought dis
tricts were as bad as ever. The days re-
eeipts were 3E2 cars. Boyden & Co., Henry
Parker Bartlett-Frazier ANA ii lev V,.e.5
offered a good deal of corn for sale. May
was irregular at the start at from 5z5sc
down TO 5212c, with very little bought or
sold at the extremes at that time. The gen.
eral trading was at from 52& to $3.50. 1t
sold at 521ac, later recovered to 523sc, and
closed offered at that.
Trading in oats was limited and confined
almost entirely to local dealers. Prices
were a shade lower, in sympathy with corn.
September opened at 297sc, sold at 2&ic,
and at noon was selling again at 297sc,
closing at 295sc.
Provisions were strong. The packers are
revising and amending their previous opin-
ions regarding the probable immediate eff
the corn crop. September and October shorts
were good buyers of those deliveries, and
a good many moderate-sized orders for Janu-
airy were received from the country. Janu-
airy pork closed 712c higher than on the day
before. Lard is also Toe higher for Sep
TENDER and .0712c higher for January. Ribs
gained only .O2l2c each for September and
January.
F-reights-Corn to Buffalo. 1Ac, and oats.
l1sc.
Receipts-wheat, $4,000 bu: corn, $4,000
600 bu; corn, 1900 bu; oats, $4,000 bu: Es-
timated receipts for Wednesday-Wheat,
500 cars; corn, $50 cars; oats, SO cars, hogs,
1900.
Leading futures ranged as follows: