The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-27
WEAKER GRAIN MARKET
BIG RECEIPTS AND GENERAL NEG
LECT SENT WHEAT OFF 1 1-4C.
Other Grain Markets Dragged Down
with the Leader-Yellow Fever
Still Depresses Provisions.

CHICAGO, Sept. 25.-An the grains suf-
fered to-day as the result of heavy receipts
and general neglect. Wheat declined 1lsq
lac. corn lie ana oats 5sq%c. Provisions
were still suffering from yellow fever, clos
ing prices showing 5Q7lac declines.
There was considerable difference of opin-
ion at the opening of regular trading in
wheat regarding the proper direction for
the market to take. December. which
closed yesterday at 921a@925sc, ranged all
the way from 921sc to 921Ac at the start,
with the bulk of trades at 924Q92ssc. After
holding at around the latter figures for a
few minutes the market began to yield
gradually, and in the course of a little over
half an hour it had got down to 9112c. The
heaviness of local and Northwest receipts
was in the main responsible for the decline.
Minneapolis reported 563 cars and Duluth
703 or 1886 cars in all, against 95S the cor
responding day of the year before. Chicago
received 241 cars, of which twenty-nine were
No. 2 spring, which is deliverable on con-
tracts up to Oct. / and not subsequent to
that date. Only five carloads of wheat de-
liverable on December contracts were re-
ceived this week. This redeeming feature
was paid no attention to, however. Liver
pool quotations were unchanged, but private
adViceS gave the market as weak and re-
ported heavy offerings from Black sea
ports. Antwerp reported prices the same as
the day before. Paris noted a decline of 10
confines for September wheat and the re-
mote futures without change. The days
clearances of wheat and flour from Atlantic
ports were equal to 10000 blu. New York
reported good export business in wheat
on the break and called the quantity placed
for shipments at fifty boatloads, of 100000
blu. Prices recovered somewhat on this,
December advancing to 91a4Q91Hc, but the
market weakened again later, generally de-
Ginning to sic. Trading during the decline
was intensely dull selling being a weaken
ing factor The figures on the export bust
ness were disputed by well-nformed per-
sons who placed the new business at only
five boatloads. The weeks shipments of
wheat and flour from both coasts, as given
by Bradstreet was 1923, 493 bu against
62S9, 949 bu the week before. BeerbOhm
estimated the weeks shipments from all
ports to Europe for the week at 5000, 900 blu.
Eighty per cent. of the wheat around Far
go, N. D., was reported to have been al
ready marketed. During the last half hour
of the session the market improved some
what on covering by shorts. December adj
vanced to $3.50, where it closed.
Corn was exceedingly weak all day, with
heavy commission-hOuSe selling. Elevator
people also let go of liberal lots. The East
ern markets still complain of glut and
the cash demand in consequence was slow.
Gables were AQ3sd lower The weeks ex-
ports amounted to 4,022 600 blu. Local re-
cepts We're 6S2 cars, being over the es-
Inmates by leo cars. This started the market
weak and was very influential in keeping it
So December ranged from 30dhc to 291hc
closing lie lower, at 1850.
Oats were weak, in sympathy with other
markets and also because of liberal realiz-
ing sales, presumably by the bull CLIQUE
Cash demand continued urgent but owing
to the limited offering sales were light. Re-
ceipts were heavy at $40 cars. December
ranged between 20s4c and 1890, closing $50
&c lower, at zoe.
Provisions were weak and lower with a
continuation of liquidation in October con-
tracts. The only support the market re-
ceived was little buying by shorts. The
yelloW-feveI news was the depressing cir
cumstance. At the close December pork was
&c lower, al $S.15; December lard &c lower,
at $4.421a, and December ribs Tee lower, at
SAFE.
Estimated receipts for Monday Wheat,
375 cars; corn, 725 cars; oats, 500 cars; hogs,
20, 100 head.
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