The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-29
ALL MARKETS LOWER
AFTER THE DECLINE BEGAN BULL
NEWS WAS WITHOUT EFFECT.
July Wheat Loses 4 5-Sc, Corn 3-Sc,
Oats 1-2c and All Lines OF Pro-
visions Fell OF.

CHICAGO, June 2S.-Holders of July
wheat were seized with a burning desire
to dispose Of 1t to-day, and their endeavors
to do so left that option 15sc lower at the
close. September lost nc. The other mar
kets tumbled with wheat, corn finishing CSC
lower, oats 1zc lower and provisions at de-
clines.
TIL wheat market opened weak, regard
less Of the light frosts which the weather
map showed had visited portions of the
Northwestern wheat regions last night.
Too light to do any harm was the general
verdict with regard to the frost, and the
dispatches from the country supported
that. So little faith did the local crowd
have in the power from harm Of the frost
that in less than an hour from the opening
the price of July wheat had declined to 1c
per bushel below the closing figures of the
day before, and that loss was virtually
held for an hour, for at 11:SO o'clock Sep
TENDER wheat was being traded in at about
l2c. after having been down twice to 1Ac.
and recovered as often to 72Ic. 1t opened
with sellers at from use TO 722sc, and some
ually inside OF the first fifteen minutes un-
I'll II touched 7Sc, and then commenced the
decline indicated by the previous QUOTA
tions. The elevator spectators were the
busiest OF the local operators, and their
trading was altogether in the way of buy
Ing July and selling September. The fail
ure of frost damage to spring wheat should
not, of course, of itself be a reason for
lower prices: There were other reasons for
into view and made to count for more than
usual from the fact that there was a great
deal of July wheat held by parties who had
II delivered. Liquidation of July was a
prominent feature Of the days business,
and it's effecA besides weakening the mar
9 QDnQrQlly uQQ m In that onnTh
atively heavier than September, the latter
getting TO a premium of 2i4c per bushel.
The cablegrams brought lower quotations.
LIVERPOOL was given as from Ad to I'D
lower. Paris, % centimes lower; Antwerp,
l2ia confines lower, and Berlin from pa TO
ga marks lower, the latter being the
equivalent OF 25sc per bushel. Exports
from the Atlantic seaboard consisted Of
$4,000 bushels, of which 5000 barrels was
-four. The receipts Were light. st. Louis
wired that 10000 bu Of its days receipts
were from the new crop. The market here
could not be held up by bad threshing re-
ports, which were numerous; liquidation Of
July wheat carried that future dow TO
69c. and il dragged down September to 714c.
They had both recovered about 1sc per bu
from the bottom near the close. July
closed at $3.50. and September at TAc.
Corn was weak, but inactive, with prin-
cipal speculative business in the way of
transferring trades for July delivery into
ate, but for tomorrow some increase is
looked for. The Atlantic exports were
5000 bu. The local hlpmen were $40. 6Ib
bu, and a sale of 100, 900 bu of No. 2 yellow
at Ec over the July price was reported.
Some places in this State have been for ten
days back, and are still complaining, of
chinch bugs doing considerable damage to
corn. July, which closed yesterday at
471Sc. and September, which closed at 1850,
sold to-day at 47c and 4sc, respectively. re-
covering a trifle near the end and closing
at 47A447Ac for July and 4s1ac for Septem-
Der.
In oats business was not so heavy as
yesterday. Further weakness was devel-
oped, and prices ended from ssm7sc under
| yesterdays closing. The cash market was
very dull and lower, owing to much heav-
Ter arrivals than were expected and
scarcely any demand from any source. The
weakness extended into the speculative
crowd, and that. with continued selling out
OF long stuff, created the lower prices
| September ranged from 2Ac to 25Ac, and
closed art 254M252sc.
The provision market was in line with
grain. 1t opened lower, became weaker as
the session progressed, and closed at vir-
tually the lowest figures of the day. The
receipts Of hogs were only about 15.0G
head, and 1900 are stimate for to-mor-
row. Compared with the closing prices OF
the day before, pork is 27hc lower; lard
.10c, and ribs, .12iac lower.
Estimates for Saturday-Wheat. q cars
corn. zoe cars; oats, 219 cars; hogs. 13,O0
head.
Loading futures RANGED nc follows.