The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-07
GRAIN NOT IN DEMAND
sEPrEMBER WHEAT. CORN AND OATS
CLOSED AT A DECLINE.
Downward Course I'm Provisions Con-
tinues, All Lines mt Chicago Yes
terday Scoring Losses.

Aug. b. Inc markets on
Change were all weak to-day. Wheat pinned
for want OF a foreign demand and all the
other markets took their cue from the pros
pect for an Immense crop. September wheat
closed sc lower, September corn Csc lower.
September oats &c lower and provisions at
declines.
The spectators in wheat received their
inspiration at the start from the firm tenor
of the foreign advices. Liverpool quoted
I'd advance; Paris came from 5 centimes
to 10 confines better. and Berlin q marks
higher at the opening. The effect of these
markets was to make sales of September
wheat possible in some instances at 6SAc,
but buyers at that price were in a minor
ity and heaviness soon became the most
prominent characteristic of the trading. A
decline to CSC took place before the move
ment changed. 1t had recovered to sSAc
when the later cablegrams began to come
In. and as they were weak, compared with
the earlier reports, the market here had
another sick spell. The Chicago receipts
were again in violent contrast with those
of the year before. In the inspection re-
turns twelve cars of new spring wheat fig
ured. six of them being No. 2. The proba-
bility of that feature OF the Chicago re-
ceipts becoming enlarged considerably with
in a short time was a corrective of the
effect of the small total as compared with
that at the corresponding time last year.
OF 1e cars Of new red winter, only three
cars were No. g. A year age, the Chicago
receipts numbered 742 carloads, of which
500 were of the contract quality. The total
receipts at the Western primary markets
was $4,000 bu, against l,ol4ooo bu last
year. Export clearances from the At
lantic sea ports reminded the local specu-
lators that they were running the markets
on this side in independent isolation from
tho alr1aG af1in0 alSaWhara in tho world
The four chief Atlantic ports shipped only
d dhs m fSat was se Ssl1isS IN hne eo supp9T6 OF w; + s9 9Sa
weeks movement from all exporting coun-
tries. Russia was reported to have shipped
only 2,32O.0OO bu last week, and India $4,000
reduction since last week of S,340,000 blu,
and the worlds visible stocks, according
to Bradstreet's, decreased 3,921.0 600 bu, with
cihc slope in this country, the returns from
which were not reported. A belief in a
spr' wss quite I genDer aHS t expr raom and 1;S0; a!I
much to keep bullish sentiment in check.
The fluctuations did not get outside of the
Trading was light and opinion too evenly
divided to permit of much change. The lat
est trading was at Csc.
The corn market opened without change
both for September and May, and remained
heavy during the greater part Of the fore
lOOn. l<dtcI III II Id y ucNclODcu IUdl the
demand for spot corn for shipment was
very good, from Nc to &c premium over
september being obtained for handy parcels.
The shorts were not hard to convince that
| under such conditions there might be some
trouble in finding sellers later on when
they wished to cover, and, anticipating such
a state of affairs. by taking some on the
decline this morning. The closing weakness
in wheat encouraged some selling again
near the end. which left the price at a
decline of Sc for September, but May
shows a loss of only 1-16c. The opening
quotations for September was Ale and for
May 3S%c- The former declined to 403sc,
rose agin to 4lc,, then dropped TO 4O15c.
rose again to Dzc and closed at 4O@zc.
QSS%c. The receipts at Chicago were 59
cars. but for tomorrow the estimates are
30S cars. ~
Averaging the oats market for the day.
there was a fine business transacted. The
activity was most done at the Start, when
prices declined and shorts were buying stuff
In. Other buying was also good. Fluctua-
tons were ruled to a great extent by corn.
September opened at 2o%c, sold down to
Q20%c. -
The provision market preserved its down
ward course in the end, although at one
time 1t looked as IL the worm was about 10
turn. 1t did. In fact, turn. but did not gel
downward direction, and was as complete
ly under bear control as ever before the
session ended. At the close the declines
for the day were 71zc in pork and sc in lard
and ribs. Hog receipts were only 1000 head,
and 1900 is the estimated lumber for to.
morrow.
Estimates for Wednesday Wheat. 6
cars; corn, 308 cars; oats, 40 cars.
Leading futures ranQ06 40 follnUc.