The Indianapolis journal., 1895-10-01
WHEAT WAS UNEASY
AFTER CONSIDERABLE BoBBIvG
AROUND IT CLOSED f-2c uP.
Dry weather Abroad and BulIish Ca
bTes Led to Firmness on This side
Other Markets Lower.

CHICAGO, Sept. 30.-Wheat bobbed up
and down with unusual energy and fire.
uuency to-day and finished 1ac higher for
December. Dry weather abroad and higher
cables were the bullish influences. May
corn lost 1sc, May oats CSC and provisions
closed slightly lower.
Wheat was nervous and Irregular with a
fair degree OF activity. Early. in the ses-
sion the price was fully 1sc higher than it
closed Saturday, then turned weak and sold
off fully 1ssc. but recovered later The news
operated both for and against the price,
but the leading influence was local senti-
nfent. Cables were strong and higher. The
fact that dry weather continued through
out Europe, retarding the fall seeding, was
thought by many to have been responsible
for part of the advance there. At The start
some of the belated shorts were covering
and this helped the early advance. But the
deliveries in the Northwest were again
heavy. 1.690 cars, against 1.O5i cars a year
ago. The short interest had been pretty
well estimated by the active buyers during
ss ,as1 9T aour nay and anee ;
posed to liquidate. The rumor that Bald
win & Farnum's big long line had been
thrown overheard was calculated to weak
en- the confidence of other holders. although
good many did not believe the report.
The worlds shipment last week proved
rather bullish. being only 6,72S.ooo bu.
10000 bu less than consumptive require
ments. Thomans crop report makes the
crop of wheat 453, 100000 bu and this prob
ably helped to develop the bearish feeling.
1t was the impression for time that the
visible would show over 100000 bu in
crease. Later, however. when 1t was found
that the increase was only 1883 900 bu, the
market reacted some. December sold early
up to 631zc, fell to 62tsc, up to 631ad63ssc.
split, then down to 62lsc, up to 63c, and at
The fU market m Continued verv @ nervous 0r dur
ing the last hour, with quick changes, and
after a bulge to 64c on 1,060. .0O0-bu de-
crease in the English visible, December
Corn opened firm under the influence of
the bullishness shown by wheat at the same
time, but later it was comparatively weak,
September and October selling at the same
price. The frosty weather is eminently
favorable to an early curing Of the crop,
and that was the most bearish circum-
stance to-day September sold from 315sc.
near the opening, to 50%c near the close,
and wound up at 31c. as against 32Ac on
Saturday. May dropped from 29Ac, early
G2s5sc.
oats were easy on liberal receipts and
in sympathy with the weakness in corn.
May opened 1sc lower. at Ilsc, and closed
at 207sc.
The feature of the speculative trade in
provisions was the scarcity of offerings Of
October ribs in the face of a good demand.
Armour & Co. were reported to have bid
for 100000 lbs but could find no sellers
in such lots. October pork was likewise
wanted in larger quantities than were for
sale at Saturdays rates, and had to be bid
up from SS.4 to $S.471s. and closed at IS. .4z1z
as against 1886 on Saturday. January had
a little squirt at the start, but dropped in
price. October lard is .021ac higher for the
day, and January made similar gain.
October ribs closed at an advance of Zoe
and January without change since Satur-
day.
Estimated receipts for Tuesday-Wht at,
1872 cars; corn, $50 cars; oats, 66o cars: hogs,
1900 head. :