The Indianapolis journal., 1896-08-30
WHEAT DECLINED 5-0C
MARKET FAILED TO RESPOND To
THE BULLIsH REPORTS.
Corn and Oats. Together with Pro-
visions, We're Heavy All Day,
but Closed Unchanged.

CHICAGO Aug 29-Wheat was stag
gered by the small advance at Liverpool
following Yesterdays bulge here, and in
spite of the generally bullish nature OF the
news OF the day December closed az L loss
of a full sac Corn and oats and provisions
were i'm the main heavy all day, but showed
very little price changes at the close
Wheat started easier than it closed yes
terday. December opened at from 605sc TO
60ssc Fridays latest trading having been
at COX AGG07sc. Decline was partly due to the
meager response of the foreign markets to
the substantial advance made here on the
day before Liverpool only met the Uac
per bushel bulge here by rise of I'D per
GENITAL. except for wheat. On the spot
wheat is I'D per GENITAL higher. The wealth
er in the Northwest was favorable for the
completion OF the spring wheat harvest,
and a prominent elevator manager was re-
ported as saying that owing to the thresh-
ing returns in South Dakota showing bet
ter yields than expected, his previous esti-
mate of 30000,000 bushels for that State
would have to be raised. The local crowd
was also evidently apprehensive Of the ef-
feet OF an unfavorable bank statement from
New York, and prices were pounded down
to 604c- The bank statement when re-
ceived was fully as bad as anticipated, but
no further decline followed. Chicago re-
ceipts were 20 cars, only four of which
were contract and those were re- an AL, spriing riI
enough for delivery on contracts Mime
apolis and Duluth received 90. cars, against
132 cars "a year ago. Argentine shipments
for the week were 24.000 bushels. Near the
close IL was repo. .ed that the total wheat
taken here for export was 10000 bushels.
About the same tine Duluth reported 300.-
COO bushels sold there for export, and st.
Louis wired that $1,000 bushels of No
hard winter wheat had been disposed of at
that point 10 exporters. The ciearances
from the Atlantic ports for twenty
four hours IL wheat ,ne ana nour We're
were discussing the export business few
of the heavy operators who bought puts
made a raid on the market and succeeded
in getting the price down TO point at
which the wheat was delivered to them.
December. which on the heavy export trade
had recovered from 60i4c to 60as G60S4c. broke
on the attack to 6Uc and closed at 6O1sc.
Corn was quiet and easy, largely inf
uenced ey tne ~easeT TONE for IN sa',ritv ".d of
the crop. The business done was not heavy
and change in prices was connned In the
end to lsc reduction. September opened
&c lower at 205>c. touched 20ssc and closed
easy at 203sc.
Business in oats. generally. speaking. was
rather quiet. The feeling had a suspicion of
firmness early. but the range of prices was
very narrow and at the close the tone was
easier The bulk of the business was in che
way of exchanslng. september opened , un,
changed at 151s0l6c, sold at l6lsTl614c and
closed with sellers at l6isc.
Only a moderate business in provisions
was reported. chiefly in the way or trans
ferring contracts Onerings were some
ate The feeling throughout the session
was heavy IN unison with the corn market
Closing prices. however. showed but little
change. Septealber pork closed unchanged
at $s62i2. september lard unchanged at
3-35c: September ribs O9c lower. at S.zOc
Estimated RECEIPTS for Monday-W neat neat'
900 cars: corn, $50 cars; oats. 4l0 cars; hogs,
% 900 head.