The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-21
Forks NEW LOW RECORD
AFTER A RAID by CHICAGO BEARS
1T TOUCHED $3.50 PER BARREL.
Cereals Were Wenk. Both Corn and
ing weak-Oats Unchanged

CHICAGO. Aug. 20.-Pork made a new
low record to-day, September at one time
selling at $5.D a barrel. Rumors that or
ders for gold importation had been coun-
fernandez and lower Wall-street prices
weakened wheat after a favorable opening,
the closing price for September showing a
Ac decline. Corn was sympathetically
weak and closed &c lower. Oats remained
unchanged.
The impetus given to wheat by the en-
gagement of gold for importation
as reported yesterday afternoon, was
continued at the opening this MORN
ing. The starting prices for Sep
TENDER and December We're each sc per
bushel higher than the closing rates Of the
day before. One of the chief factors of the
opening firmness was the strength dis
played in the foreign markets. Liverpool
was quoted as opening firm at kd
advance. and London Sd per quarter higher
for parcels of American wheat. a para
graph from the Liverpool Corn Trade News
was being paraded near the opening. which
said that the general impression there re-
garding the size of this years American
wheat crop was that it would be about 49,
900, 600 bushels, and that wheat would be IS
per quarter Csc per busheD higher in the
United Kingdom if they believed it TO be
materially smaller than that. The North
western receipts commenced to-day exhibit
ing a contrast to those of the correspond
ing time of the year before. There is still
some of that great crop left, but the daily
exhibit OF the Minneapolis and Duluth re-
ceipt will, nevertheless, show a great dis
crepancy this season as compared with last.
Those two cities received 21 cars to-day,
as against 40S cars a year ago. The Attain
tic port clPar3ncPS were equal TO 3QS ON
bushels of flour and wheat together. Clos
ing cabiegrams confirmed the strength re-
ported of the foreign markets at the OPEN
ing. But the market exhausted all its
strength in taking the little jump it did at
the start. After the early advance business
got slow, and, stocks getting weaker, there
was about as much effort to sell as there
had been to buy early, and all the improve
melt was lost. A rumor that some of the
gold engagements for Importation had been
cOuntermanded helped to depress the price
near the end. There was a noticeable lack
OF outside support all day, and TIE conse-
quent dizziness of trading prevented larger
fluctuations than were recorded. September
opened about CSC higher, at 56kc, gradually
weakened TO 554c, closing steady at 55ssc.
Corn was very dull and easier. Prices
We're strong early. influenced largely by
wheat, but were also helped by reports that
the crop was hardly so promising as a
month ago. But after the first bulge the
market began to decline. September opened
strong at 23asc. &c above yesterdays clos
ing. and touched 2312c for a moment, but
soOH Wedkcueu, ana III the last half hour
barely held at 23c. the closing price.
Oats were fairly active and for the most
part ruled easy, although around the open
ing. when shorts bought in some. there was
a tendency to do better. Selling became
more general later. and prices fell off and
closed just where they did yesterday. Elk
changing between September and May was
a frequent occurrence. September opened
a shade higher. at EAG1I&c. touched 17Ac
ure.
A small-sized raid on September pork
early In the day was the chief feature of
the trading in provisions. After 10c had
been Clipped off by a few small sales. John
Cudahys brokers got at it with sledge
hammers and smashed the other loo off in
about two blows. This brought the price
down to $3.50 a barrel, the lowest point ever
reached. The last Zoe was recovered again.
and the day loss in September pork was
l0c. January. compared with yesterdays
closing price. left OF 21ac lower. Lard and
ribs were more favored, the fair support
given these commodities counteracting the
effect of weakness OF porA. and closing
prices were unchanged 10 .0215c higher.
Estimates for Friday-Wheat. 100 cars;
corn, $50: oats. 19o. Hogs, $1,000 head.
Leading futures ranged as follows.