The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-28
BEARS HAD AN INNING
LOWER CABLES AND BETTER
THREsHING REPORTS. RECEIVED.
Chicago Wheat Started Weak and
Was Never Able tn Rally. Closing
at n Loss of 1-Sc.

CHICAGO. June 27.-Lower Liverpool
prices and better threshing reports brought
joy to the bears in the wheat market to-
day. September closing with a loss of 1isc.
Corn closed 12c lower and oats sc lower,
but provisions again scored advances.
Wheat was weak on the curb yesterday
afternoon and again this morning. That re-
fected the general feeling and was in line
with the direction taken by the market at
the opening. First sales were nearly lc per
bushel under the previous days closing quo
tations. One or two fives were disposed of
at quite &c decline in the price OF July, but
September was not so radically weak at the
start and did not drop over A@5sc. Weak
ness continued TO be the feature of the
market during the forenoon, with one or
two sudden temporary rallies proceeding
from apprehensions of frost In the North
west. Reports of threshing returns flowed
in from st. Louis regardless of cost. They
did not pursue the usual course of such
messages in that they gave both sides of
the story in one day. Good and bad thresh-
ing returns commended with each other for
the attention of the spectators to-day.
Having had q surfeit of of late,
they were in the mood to welcome a change
and listened to the voice of their new
charm. The weather bureau prediction of
light frosts tonight in North and South
Dakota, Minnesota and Wisconsin did not
have much influence when first announced,
but it went down into the inner conscious
ness of the traders and made known its
September and July kept within 1-16c of &c
apart during the session. The former
steady around the opening price for a
za4sc. recoVered a little and dropped to
and again advanced to 1880, but was soon
down to 73c again as the session was APP
preaching its close. Chicago inspection into
cars came from outside of the city. Min
neapolis and Duluth received l46 cars. COM
pared witt 30 a year ago. Export clear.
bushels. including 10000 barrels of flour.
Foreign markets were irregular. Paris and
pool We're wers we nlm and Out lover Aerwf pulu aha advised dsxsIi
POO. 600 bushels Of wheat sold there for ex-
port, and New York advices were that for
eign buying orders were close TO a working
basis, September closing at 727sQ73c.
The corn market was weak. but there
was an apparent reluctance to sell it
and 1iO cars are estimated for tomorrow.
els and 81, COO bushels were inspected out
mand at the July. price. New York reported
four boatloads Tor export. July, which
CLOSED yesterday dt 4oc, opened at from
477sc TO 473.c, and from that gradually down
to 47ssc. and it closed at 47iac. Freight en-
gagements included $1,000 bushels of corn.
The oats market was not so lively and
interesting as it has been for the past few
days. About the same kind Of business was
going on. however. only on, a smaller scale:
There was a heavy supply OF long stuff
still offered. principally by commission
houses for their country consumers. The
tone Of the market was easier and prices
suffered a further decline. September
ranged from 261sQ26Ac to 25%c. and rested
at 251sc.
Provisions were strong and higher, but
the amount of fresh transactions was
small. The bulk of the days business con-
sisted in changing over July contracts into
September. Hog receipts were 10000. or 5000
less than yesterdays estimate, and to-mor-
rows run is not expected to exceed $4,000.
The estimates of stocks, canned meats and
lard, show less on hand than was generally
supposed. Pork closed with a gain of 171ac;
lard. .02i2c, and ribs, .01Rc.
Estimated receipts for Friday-Wheat, p
cars; corn. no cars; oats. 200 cars; hogs.
$4,000 head. -
Leading futures ranged as follows.