The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-14
GRAIN WAS UNLOADED
CORN AND OATS MAKE A NEW LOW
RECORD MARK AT CHICAGO.
For May Delivery Corn Touched
rs s-sc and Closed at 2s I-2c-
Wheat Still Declines.

CHICAGO, Dec. 18th bears had mat
tiers their own way in the grain pits to-
day, wheat showing a decline of 14c and
corn and oats selling lower than ever known
before. The Northwestern receipts were
heavier, at $40 cars. compared with 9S6 cars
a week ago and 429 cars a year ago. That
had little influence in favor of the bears,
and some reports concerning the probable
export surplus from tie growing crop in
Argentine became a bearish factor later in
the day. Later still, the report that stocks
for the week at Minneapolis and Duluth
would on Monday be found to have in
creased 100000 bu brought more grist 10
the bears mill. Some heavy selling, per-
haps 100000 bu, said to be for the firm
which has been recently suspended for
bucket shop affiliations, was a prominent
feature of the days transactions. and ru-
mors were current in the pit that the wheat
SO sold was part of a line of 100000 bu
which belonged to one of the partners Of the
firm. st. Louis sent a message saying that
red winter wheat, which was quoted worth
Tic there yesterday, could be bought this
morning for Gee. May opened,here from Gle
to 6llsc, and fiuctuated during the forenoon
between 60AQ607sc and 6llsc. After that
the heavy selling began to have a more
telling effect, and about half an hour from
klC O4l4 IL LAo Cooto &AO RAAO1 FoS
to 60lac, at which figure IL closed.
The days business in corn amounted to a
considerable total, and the trading was
| largely confined to the May delivery. New
~low-price records We're made, May corn get
ting down to 2S2sq2SIsc.. The amount of the
days decline would not be considered of any
material consequence except for the fact
that previously prevailing prices were un-
p~recedentedly low. The immensely OF the
crop has apparently caused a general de-
and, left to themselves, the bears seemed
| disposed to the discount zero. Patten Bros.
and John +. Barrett & Co. were rather
heavy sellers. The former disposed OF prob
ably 10000 bu. May opened at 8%c,. soid
down to 2SasG2S1sc, and closed at ZS1fc BID,
the oats market, but there was little ac-
tivity. Longs were selling out some OF their
holdings and shorts covering TO some ex-
| tent-a general evening up all around. r.
CT. Logan was quite prominent as a Tree
| seller, but no one else distinguished him
self. The feeling early in the day was
slightly frmer, due to a good demand. The
close, however, found values 1sc under
where they closed yesterday. May started
at from 1870 to 19s4197sc. and closed there.
Provisions started firm and advanced a
little, but only a small fraction OF the addi-
ton to prices was maintained. Smaller re-
ceipts of hogs than had been looked tor
started some buying, hut when a slight &C.
gree of frmness had been secured the pack
ers fed out as much as buyers could pc
found for without materially lowering the
price. Pork had a gain OF TIC at one time.
but closed unchanged for January and &c
higher for May. Lard had a .07l2c bulge
also. but retained only .021sc Of 1t. Ribs
| rested with a .0stsc addition.
Estimated receipts for to-morrow-Wheat.
1870 cars: corn, 500 cars; oats, LO cars; hogss
%. 600 head. se.o-
leading futures ranged as follows: