The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-13
BIG CROWD OF BEARS
PREVENTED WHEAT. THOUGH
STRONG, FROM MAKING y GAINS.
ing a Decline-Oats and PrOyi-
siOns Both Higher.

CHICAGO, Sept. 12.-Whes. was inclined
to firmness to-day on smaller receipts. but
the bears dealt out grain freely and De-
cember closed unchanged. Corn closed hc
lower for May. but oats wound up with
May Sc higher, and provisions closed at
Slight advances.
Wheat opened firm at a slight advance
on yesterdays closing price. The hrmness
was probably due 10 the moderate receipts
here and in the Northwest and to the
steadiness of the cables. December started
at 57ssc, but was Immediately attacked by
what was termed collectively the Pard-
NEUTRALITY-SUSPICIOUS. crowd, and il
gradually weakened until Nc had been
rubbed off its opening value. 1t rose again
to the opening quotations and about an
hour from the close 5lSsQ51l2c was bid for
it. Estimated receipts for tomorrow were
quite light at $50 cars and were an aid in
sustaining prices toward the close, De-
cember finishing at 57l2c.
Corn averaged firm. although there were
soft spots which appeared to suggest a
fighting chance TO the bears. They had a
rumor early that some corn bought b. a.
prominent commission house would be for
sale during the forenoon, and som selling
which actually occurred was thought TO
0e the corn in question, but it was after
ward found to be no part Of the rather i'm
portant long line referred to. and the same
commission house which bought yesterday
took more to-day. The market started
strong. but there were sufficient realizing
sales from scattered longs to cause tenn
porary depression and a decline Of about
sc from the highest price made near the
opening. May started at from 561sQ56zc,
sold for a time at around 56Ac, touched
$3.50 for a moment, declined TO 55&tc, re-
covered again 10 56ssc, dropped back to
557sd56c and at the end was at SIC. Bush
ness was active in spots and dull for much
| longer intervals.
The oats market was fairly active. and
higher. The movement of corn had some
thing to do with the firmer feeling. but
there was also independent strength visi-
BILE outside of that. Good buying orders
were received from the outside and the
disposition in general was to take in in
| stead of dispose of stuff. Schwartz. Dupee
81 Co. and f. G. Logan were the principal
traders on the purchasing side. May
started steady at from 3Sisc to 36Ac, sold
down to 36c and back again to 36lsc, where
il closed.
The provision market was easy at the
opening, but the demand at the slight de-
cline which inaugurated the trading, was
so good that sellers soon withdrew their
offers and prices quickly recovered the
first loss. The feeling became quite strong
after that and prices rose until pork had
gained 17isc on the lowest price January
had sold for. and 1t stood at the close only
21ac under its best price. for the day and
was higher than II closed yesterday. Lard
in the end gained .021ac and ribs csc.
Freight rates were steady; charters to
Buffalo, 112c for wheat, 1Ac for corn, and
11sc for oats, and to Port Huron, 1kc for
wheat.
Estimated receipts for Thursday: Wheat,
$50 cars; corn, 1S cars; oats, 10 cars; hogs,
$1,000 head.