The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-11
WHEAT OFF A FRACTION
Loss or IA TO 3-SC ON DECEMBER
AT CHICAGO YESTERDAY.
Decline Caused by Heavy Northwest
ern Receipts and Dizziness of Trade
provisions Also Lower.

CHICAGO. Sept. 1o.-Unexpectedly heavy
Northwest receipts and dullness of trade
resulting more or less from a desire on the
part traders to wait for the government
report caused December wheat to decline
1403sc. Corn was strong on its own ac-
count and closed a shade higher. Oats
closed at unchanged figures and provisions
declined 21aQ10c.
Heaviness of receipts of wheat in the
Northwest caused the market for that ar
ticle TO start at decline of from Is to 14c.
compared with the closing price of the day
before. Minneapolis and Duluth received
1,043 cars. against 329 on the corresponding
day OF the year before. Receipts here es-
timated yesterday at 200 cars were only 154,
and only nine of them We're contract The
quantity inspected out of store was POI, 600
bushels. The foreign markets were firm
at the opening and again at the close. Liv-
erpool, London, Paris, Berlin and Antwerp
all sent higher quotations. There was still
a great DEAL of talk as to the probab ilities
of the government report having a buliish
influence. There were also severe frostS
last night in the Northwest, which it was
feared might have injured more less
wheat. This created a more comfortable
feeling and December. which had declined
to 5S1sc, from 5S14Q5S$sc, the opening price,
rallied to 5S12a5S58c. But the snort inter-
est had been so we'll covered yesterday that
there was not much demand from that in
terest and the sentiment was easily in
fiuenced by bearsh considerations. This
came in the unfavorable financial condi-
lions which ruled in New Orleans and the
fear that it might spread to other CONNER
cal centers. Stocks in New York were also
depressed and lower and had tendency
to check business and confidence in the
grain pits. The result of this was that De-
cember again declined to 5S1sc. Then the
business became dull and the crowd was
inclined to wait for the government crop
report figures. One of the strong factors
to-day was the heavy clearances from sea-
board yesterday-over $4,000 bushels in
w
duh during the last hour, traders waiting
for the government report. Prices steadied
up a little toward the close on the sea-
board clearances. The final figures for
December were 5S1sQ5SAc.
Corn quiet and inclined to be firm,
selling up sc in the early part of the ses.
sion on reports of frost in some sections of
the corn belt. Prices weakened later when
wheat sold off, but not all the advance was
ness to the end Light local receipts were
also a factor. May opened unchanged at
23zsc. advanced to 2414c and closed at
Oats were active to a degree. An easy
feeling was noticeable at the opening, which
was succeeded soon after by better tone.
Toward the close there were indications
of heavinesS again. and the market closed
about steady. Talk of a builish govern
ment report and lettering of the cash
business We're the promoters of what
strength the market displayed May opened
unchanged at 1S&4c, fiuctuated between
1875 and 1880 and closed at the opening
price.
Provisions were inclined to be weak in
face of the improved tone displayed by the
live stock market. Packers We're liberal
sellers and their persistent offerings broke
down the advance engendered by the firm
ly under the opening. January pork closed
10c lower, at s6621a; January lard, 0212c
lower, at 3621aG3.65c January ribs, about
.071ac lower, at 3.30GI3321ac
Estimated receipts for Friday: Wheat,
375 cars; corn, $50 cars; oats, 800 cars: hogs,
1.000 head.
Iaadiro futures rapoad follows