The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-15
LOWER PRICES SCORED
ALL GRAIN MARKETS At CHICAGO
DULL AND FEATURELEss.
Closing Foreign News Came Higher,
and a Slight Recovery Followed
Provision Were Weak.

CHICAGO. Aug. 14.-Dull grain markets
was the feature to-day. Wheat opened
steady on higher cables. closed easy at
soc for September, or &c below yesterday.
Corn, oats and provisions were dull and
featureless.
Wheat ruled rather quiet early in the
day, but livened up some later in the ses-
sion, the range Of prices being &c. The
feeling developed was a little mixed and
unsettled at the start with traders, as a
rule, favoring the selling side and initial
transactions were at &c decline. the mar
ket selling off NC more. Later
ar advance of 7sc was scored, little of
which was maintained, the close showing a
loss Of Ad$sc. The easy tone early was
attributable TO the liberal movement in the
Northwest, which was said TO be due TO
tight money in the section. and then the
Weather was cool and clear in the spring
wheat territory. On the other hand, ca
bles came I'D higher and securities in
Wall street were strong, which impaired
a better tone to the market, and. as trade
was chiefly local, many of the early sellers
turned buyers, resulting in a substantial
advance being scored. There was less
Septembed pressing on sale and the situa-
ton apparently had n healthier undertone
all round. the semi-panicky feeling preva-
lent yesterday and the day previous being
partially eliminated. Closing public cables
quoted spot steady to h2d higher and fuoo
lures unchanged. Paris wheat steady TO 60
centimeS up and flour 10 centimeS higher.
Berlin was up 4Q1 mark and Antwerp was
steady to 1213 confines higher.
1t was rather a dull day in corn, the
market exhibiting much less activity and
fluctuations were narrow at Ad%c. The
feeling manifested was a trifle firmer, but
no material gain in prices was noted, final
figures showing BQAc decline. The action
of wheat was the governing factor and
helped strengthen the situation early.
Shorts made moderate purchases. the
same being supplied by interests which
were supposed 10 have covered freely yes
terday.
The oats market had a better tone and
marked falling off was noticed in the Of
ferings, especially from outside holders.
advanced oats sympathized. Opening sales
were at about the same as yesterdays
close. and September advanced &c and
May sc. but reacted at the last and closed
easy with a gain Of sc on September and
&c on May.
Provisions received some help from
wheat, but the market as a whole was a
weak one. Prices were generally higher
at the opening on lighter receipts of hogs
than had been expected and the execution
of a few buying orders. AS soon as the
market weakened, packers being the sell
ers on the advance. Business was dull in
this pit, as well as in the others, trade pos
sessing no life TO speak Of. September
pork was the weakest thing on the list.
Opening at s6.35. it sold off to s6.271s, ad-
vanced to $6,3712 and closed at $3.50. Sep
TENDER lard started at S.3Oc and broke TO
325c. closing at the latter prices. Bids for
September delivery sold from 3.27lAc at the
opening to 3.25c and closed at 3.25d3271sc.
Estimated receipts for tomorrow
Wheat. 40 cars; corn, go cars; oats, 800
cars; hogs, 5000 head.
Loading futures RANGED { follows.