The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-04
FELL OFF SIC
DULL DAY on CHICAGO BOARD AND
THE LEADING CEREAL WEAK.
Some Buying of Corn and Oats, Re-
sulting in Small Advances-PrO-
visions Made Gains.

CHICAGO, July 3.-Trade was dull to-day
in all departments of the speculative bust
ness. The holiday tomorrow had
much to do with the small trade.
but besides that there is a great
lack of outside speculative invest
ments. Wheat was weak and about sc
lower: corn averaged firm and gained 1sQ
Ac for September, and oats closed &c
higher. Provisions were frmer and show
small gains.
Weakness was the feature of the early
trading, the opening transactions taking
place at from Ad%c below the closing
figures of yesterday. The main source OF
the weaker feeling was in the Northwest
where the weather was Of the most favor
able character for the wheat plant. Out
side of that feature of the situation the
news Of to-day was more bullish than be-
fore, as the following enumeration of the
principal items will demonstrate. The Chi
cago receipts were only nine cars. two of
which were new wheat, one car grading
No. 3 hard and the other No. 3 red. Mime
apolis received 80 cars and Duluth 65. or
l63 cars in all compared with 406 yesterday.
At the chief Western winter wheat markets
the receipts were as follows: Kansas City,
1850 blu; St. Louis, 1887 bu; Toledo, 1000
bu. and Detroit, 6a2 bu. The shipments
from Duluth to-day amounted to 10000 bu,
making for two days 10000 bushels ship
ping. The exports of wheat and flour from
the Atlantic ports We're heavy In COM
parison with the average of the last ten
days, the total amounting to the equivalent
of 100000 bu, 234,OO bu of which were in
the shape of. wheat. The early Liverpool
cables quoted an advance then of Aq1d. but
tba Iotar oohIoc ronortad q decline
of I'D since yesterday; the latter
decline resulting probably from the
e wsas openi reTported n rnasas0' and sfr" a
and Antwerp repeated yesterdays quota
lions. The seaboard reported some inquiry
for export. but chiefly for four, and Du-
luth wired that there were buying orders
from abroad for -four in that market. The
market here, after a decline from around
Tl1zc at the opening to a point below Tic,
sluggishness and assumed the usual char
acteristics of the day preceding. the great
national holiday. The business OF the board
the session by the patriotic zeal of some
of the younger members and trading was
E spasspSS Between Tn Es s hrdiessn ss Ct SsPte% shs lo wss
n closing price FOR September was nHG
'' TSe s corn market had some weak spots,
but on the whole ruled firm compared with
the limpneSs of the wheat market. The
lamentations were confined to a range of
about &c. The seaboard advised a good ex-
port inquiry ana sent their orders for exc
cution here. About forty boatloadS were
reported sold at the seaboard, which means
the shipments of that quantity from here.
Receipts here were nominally 104 cars, but
ten of those were merely transferred from
irregular houses. September opened easier
at Acc, declined to 45ssc, rose to 461ac, and
after fuctuating between 46c and 46Ac the
most of the day, closed at 46H@46asc.
The action of the oats market was quite
reversed. The parties who of late have
sold freely and weakened prices were buy
ing to-day and caused a sharp advance.
Some good sized short lines were covered
during the latter part of the session. Sep
tember started at from "a! to 2412c, weak
ened to 235sc. rallied to 24%Q241bc, fell back
to 24c and finally recovered to 2fzc.
The provision trade was rather dull, but
the market was strong and 1t was found
difficult to buy much without ad-
vancing the price. July deliveries
were principally in demand, indicat-
ing an unliquidated shortage for this
month. The hog receipts were only $4,000,
looked for Prices at the close showed the
following advance for the day.: July pork,
10c; September, 2lac; July lard, CSC; Sep
TENDER. .O213c; July ribs. .1oc; September,
.05c.
Estimates for THURSDAY and Friday
Wheat, 10 cars: corn, $50 cars; oats. &c
cars; hogs. 1900 head.
Loading futures ranged 90 followa.