The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-31
ALL MARKETS LOWER
WHEAT LOST lac AND CORN 1-sC
ON THE CHICAGO BOARD.
Threatened Frosts Made IL Interest.
ing I'm the Corn Pit-Lower Prices
for Hogs Sent Pork Down.

CHICAGO. July 3o.-All Of the principal
articles dealt In on the Board OF Trade
were easy to-day and closed lower. Weak
cables were the principal influence in
wheat. which shows loss Of 1hc: corn is
OF &c in spite of threatened frosts; oats
like amount; pork 42izc In sympathy
with the lower price for hogs and on light
demand for products: lard shows a decline
OF .l0c and ribs Of .l211
Lower quotations from Liverpool In the
face OF yesterdays strength here and what
appeared TO be heavy receipts at Duluth
gave the wheat market very weak start
The decline OF I'D at the opening in LIVER
pool was said to be due to disappointingly
small demand for spot wheat. The heavy
receipts at Duluth were largely comprised.
it was said, of wheat sold at Minneapolis
to go East via the lake port. and of 345
cars reported at Duluth this morning go
cars were from Minneapolis. That ex-
PLANTATION did not have any effect. however.
in arresting the decline changing the
bear sentiment with which the crowd COM
menced. Nothing occurred to disturb the
serenity of the short sellers until a
synopsis of the Orange Judd Farmers
crop report for the month was made public.
On the information afforded by that the
price of September recovered from around
70ssc to n12c, although the quick advance
at ST. Louis about the same time at
tributed to the recovery. According to
the agricultural publication referred TO.
the average condition of spring wheat has
been reduced points this month The
falling OF in South Dakota is IL points. in
Washington ~, in Minnesota points and
in North Dakota points. The average con-
dition indicates crop of about 1bo.000.O00
bushels, OF which 1io,co00O0 bushels is
The estimate of the Pacific coast crop is
reduced from 7000O.000 to 10,000000 bu and
the total winter wheat Yield is tentatively
zO5 100000 bushels as against 42O,OooOOO
bushels on July l. The Atlantic port clear
wheat amounting to only 20,1Sl bushels and
the -four to 1925 barrels. Primary market
much below last years movements. The
total received at Western markets was
$4,000 bushels, against coo bus<.ls a
Wss c 70 and after its eapy
tumble TO 70Asc and subsequent recovery 10
!l1sc. 1t kept within easy call OF nc The
count.
The corn market ruled lower to-day. but
showed considerable amount OF firmness
at the decline. The cool weather prevail
ing here raised visions Of possible frost in
the minds of the spectators and that was
tine Of crop Of
bushels. as estimated by the Orange Judd
Farmer, from causing further weakness.
The local speculative feature was early
selling of rather aggressive character by
Bartlett, Frazier & Co.. followed by equal
ly bold buying by Baldwin-Farnum and the
Barrett Brothers Speculative business
was, on the whole, light. Receipts for the
day were All cars September opened at
43c. dropped at once to 42ssc, improved to
43@431sc, declined again to 429s9424c, and
at the close was worth 43c. May ranged
from 35ssc to 35ssQ35%c. and closed at $3.50
bid.
Oats were dull and featureless. The mar
ket followed the course laid out by wheat
and corn, and while doing so met with
very few sales. The early market was
more active than later on In the session.
The demand for cash oats continued quite
urgent and was the principal feature of
the market and influenced a higher price
for July.
Provisions were dull, the market being
dominated by the slackness of the cash
demand and weakened by the lower prices
for live hogs. A private estimate of the
stocks of provisions shows remarkably lit
tie change for the month. 1t makes pork
stocks the same as on July i, lard 1000
tierces less, and ribs 100000 pounds less
than a month ago. The opening prices
were at respective reductions from yester-
days closing quotations in pork and lard
and ribs of 17ihc, .02lkc, and .02lzc. Pork de-
clned another 10c in the forenoon and a
further 15c near the close.
Estimates for tomorrow: Wheat, 80
cars; corn. 23S cars; oats. 10S cars; hogs.
head