The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-15
NEWS WAS BEARISH
MORE GOLD ENGAGEMENTS FOR EN-
PORT WEAKENED THE MARKETS.
wheat and Corn Both Closed mt a De-
cline of 3-4c ON Chicago Board of
Trade-Provisions Fell on.

CHICAGO. Aug. 1i.-Reports of further
gold engagements for export weakened the
Board of Trade markets to-day. September
wheat closed &c lower. corn Ac lover, oats
unchanged and provisions at declines.
In the wheat market there was nothing
new. except the advance Of I'd quoted from
Liverpool at the immediate opening, and
that appeared, like so many of the bullish
happenings of late TO be a further incentive
for selling. September dropped at once to
6Sssc and 66Ibc and not until ten minutes
later when the Weather Bureaus artist
had written frost in blue chalk on the
upper left hand corner of the signal service
map did the market resent the conduct OF
its assailants In a few minutes more the
price of September had risen to 6S1sc. and
for about an hour il kept swinging between
$3.50 and 667sc. During that time New York
kept selling wheat here and rushing tele-
grams about the amount of gold engaged for
shipment by to-morrow's steamers, At the
end of that Liverpool. second dispatches
came TO hand, quoting the loss of the early
I'D advance. which, with the reported gold
shipment woke up the bears to further ex-
ertlons, and knocked the price down to 66hc.
These fluctuations all occurred in the first
two hours Of the session: Inc market was
disturbed again to the disadvantage of the
price when Brddstreets report OF the
worlds visible supply came to hand. The
decrease for the week was given as l,3OO,0Oo
bu without taking into account Pacific coast
stocks, which were not reported A year
ago Bradstreet gave the worlds visible sup
ply as having increased 1,6OO, 0co bu. Chicago
receipts were 81 cars. 80 OF which were new
red and new spring wheat. One carload
only of the red and two carloads Of the
e ceived 60 cars lr Of which SIS were 30 2
Mime apolis and Duluth reported IS cars,
against 146 a year ago Inc total received
at the Western primary markets vas 4IO,-
| CC0 bu, compared with 100000 bu last year.
blu from Chicago. and in the Milwaukee re-
ceipts 10000 Blu from Duluth. The Atlantic
export clearances were SMALL amounting to
only $1,000 bu of wheat and about 1900 Drls
of flour. In the last half hour the price of
only recovered to ssas6lsc at the close.
c9 p9 made sagfe 70 Rel up aee
a moderate extent, and even did so tempo
rarily 1t fell later in the day. September
| opened at Csc, ran up to $3.50 and tumbled
| little on the several steps of the decline.
| The prediction of light frosts for tonight
| in the Northwest helped the, bulls early in
| the day, when they attempted to grappse
| with the heavy market. In the afternoon
| every considera ton but that of the big
| coming crop was blotted out of the consid-
| Grafton. oasr sts
oats were quiet and closed steady on the
| near futures, while October and May fell
| off Ac from yesterday. The market was
| slightly firmer, in sympathy with corn.
| with the opening of the session and con-
| tinued to the close. In the end pork had
| lost 121zc, lard .021ec and ribs .l0c for Sep
| TENDER and .12hc for January. Hog re-
ceipts were 1900 head, and the increasing
receipts. with lower hog prices, aided in the
| decline.
corn, $50; oats, go Hogs, 1900 head.
Leading futures ranged as follows: