The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-08
RECOVERY In WHEAT
Gold Shipments Assigned as the Cause
Of Decline Early An the Session
Pork Gained.


in wheat for export reported from the sea-
board caused the toning ap of a very weak
market to-day. September. which, half an
hour from the opening. had declined on re-
ported gold exports, from Csc at the close
yesterday to 6S7sc, recovered to 674c and
closed at 67ssc. Corn ruled heavy and closed
at a loss for the day of &c per bushel, and
oats lost nc. Provisions, after a weak
start, became first firm, recovering some
loss and closing at moderate advances.
The shipments of gold came to the front
again as a depressing factor in the wheat
market which, previous TO the opening of
the session dispatches from New York had
already been received. announcing that ST.
600, 900 gold would be shipped tomorrow on
the steamer Augusta Victoria. The main
features Of the previous influencing condi-
tions were unchanged. The opening price
for September was 67%c, as against CSC
at the close of yesterdays session. In ex-
actly thirty minutes from the start the
price had declined to $3.50, being a loss Of
11sc per bushel In that short time. Outside
markets declined with apparent reluctance.
The movement Of winter wheat gave no
Indication of increasing. Chicago receipts.
according to the inspection sheet, were Is
cars and 10, 59S bushels by canal. OF the
railroad receipts, 81 cars were merely
transferred from irregular to regular city
houses. OF the total received 45 cars were
new red winter, of which only 4 were No.
2 srn The mar tStal r wsra aas s as f bus RRslImac Sm Me st
with $4,000 bushels at the same places a
year ago. Minneapolis and Duluth received
81 cars, against 147 last year. The exports
from the Atlantic seaboard were Of the
back. OF wheat the four chief ports
shipped $1,000 bushels. and OF flour 1850
brls. New York reported the taking, early
export, but that did not create demand
enough for futures to lift the market out
of its dependency. Telegraph orders on
either side of the market were scarce and
our local scalpers were averse to back their
opinions by a trade. The price kept close
down around &c until .aoout an hour from
creased export demand and that caused an
advance to 6715c at that time. The takings
at Baltimore and New York were said to
amount to about 30 boat loads up TO n:15
p. M, one-half at each place. The sales OF
wheat at the seaboard appeared to have be-
come mixed with those of corn and 1T was
discovered that while export sales OF the
latter were 80 loads Of wheat. only 20 boat
loads were sold at New York, 8 loads at
Baltimore and Is loads at Montreal. The
noting Se decline. paris came from 50
centimes to 60 centimes lower for -four and
from 10 TO 80 centimes lower for wheat.
anu 4 W a VI o4 ma hSs
or about equal to 215c per bushel. The price
kept steady around 671zc up to about ff-
teen minutes of the close. The latest trad
ing was at 67ssc, after some sales at 67Ac.
The export business was Affecting the mar
ket bullishiy as the, session was ending.
The trade In corn was lar a. IN amount at
pect was u~nimpaired and that was again
the governing influence. At &c decline In
September a better demand was uncovered,
but IL came from those who we're short.
The pressure of long. corn appears to nave
exhausted itself, and. was quite nOticeably
Jess to-day than for some time. New York
has been seen there for a long time, and
advised sales of so boat loads. The receipts
were 257 cars, September. which closed yes
from 4Ossc to 40Ac, only one lot fetching
the higher figure; IL declined to $3.50 and
closed at 397s44Oc: May opened &c down. at
337sc, declined to 327sc and closed at 331sc.
The market for oats was fairly active.
The feeling early was weaker and prices
with the influence of wheat and corn,
caused the decline. The urgent demand for
stuff was the promoter of the advance
which followed. but yesterdays closings
20Ssc. sold up to 2O1ac, and closed at 2O%c.
The provision market was weaker than
ever at the start. but toward the middle Of
the day 1t was discovered that some OF the
people who have hitherto been prominent
sellers s Were . ta sdnsrt the de offerings to f Of others sSs
same side resulted In a material recovery
from the prices ruling in the forenoon.
start, rose TO and closed at &.52lk, or zoe
above yesterdays final rites. Lard was COM
parat.vely steady, declining to 5.52lac at the
close, compared with $3.50 yesterday. Ribs
made Csc decline early, but had recovered
III and .02i2c more in the end.
Estimated receipts for to-morrow-Wheat,
no cars; corn, $40 cars; oats. 25 cars; hogs
1900 head. Ia