The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-20
ALL MARKETS DECLINED
BULLS GOLD DECEMBER WHEAT on
EVERY SHOW OF STRENGTH.
Corn and Oats Both Heavy and Scor-
ing DecIines-Provisions Affect
ed by yellow Fever.

CHICAGO, Oct. 19.-The most notable
change in the wheat market to-day was an
advance of lac a bushel in May, while De-
cembcr declined 1sc. That represents the
style of the days operations of the bull
clique. The bulls appeared to be sellers of
December every time it got up to 9114c, and
buyers of May on all weak spots AT the
close May was only 1%4c below December,
instead of &c, it Saturday. Corn was
heavy under continued liquidation by small
holders and closed 1sQ@sc lower. Oats de-
clined CSC. Provisions were weak under re-
newed yellow fever reports and declined sc.
Liverpool sent very dscouraging quota
tions at opening of the wheat market, more
especially for spot wheat. California was
reported I'D per GENITAL lower, red winter
1ad lower and No. Northern spring I'd low
er Futures were less radically weak, hav-
ing only Said decline. A private cable
gram said the market in Liverpool was de-
pressed by excessive supplies and lack of
demand. This weakness abroad was suffi-
cient to cause an easy feeling at the open
ing, December starting at 9Oa4Q9O7sc, as
compared with yesterdays closing price of
9lQ9l8c An impression prevailed that the
death of George NJ. Pullman would cause
the selling out of some wheat which it was
rumored he was long on at the time Of his
death. This helped the opening weakness
and the subsequent slight decline. Trading
all morning was scattered and inconse-
quential and this fact made 1t easy for
news of a very ordinary character to in
fiuence prices one way or the other. Mime
apolis and Duluth receipts showed some
tendency towards reduction, the number of
cars reported there being 1,190 against 1867
last week, and 1857 on the corresponding
day of last year. Chicago receipts were 203
cars against 217 last year. Atlantic port
exports were equal in wheat and flour to
535 900 bu. A renewal of drought damage
complaints from Argentine helped to start
a little rally about an hour from the open
ing and December which had been selling
at 905sc, advanced to 9lAc. Then prices
slowly sagged off again. The bull clique in
that month"; which has been steadily dis
posing of its holdings lately was a seller of
December again to-day every time thai
month showed signs of life, and buyer of
May. The consequence was a material les
SEEMING of the spread btween these two op
t ons. one Dulllsn factor Wnlch was appar
contract stocks for the week, only 1900 bu
being added to the 1888 900 bu on hand. After
the advance to 91Ac December eased off to
9O12c. This was followed by another adj
vance to 1850, but liberal selling pounded
prices down again to 9O7sc. December
Corn displayed more weakness than at
any time since the present decline began.
There was a little covering by shorts early
shorts, and there are plenty of them, held
alcof Outside of that the market the mar
ket was almost without support Elevator
selling was prominent early and was rein
forced by commission house offerings later.
Weak cables, liberal receipts of S35 cars and
poor shipping demand all contributed to
the weakness. December ranged from 26Ac
to 2512c, closing 12@9sc lower, at 255sc.
Oats were weak with corn, selling off 3sc
and closing at the bottom. A lack of spec
ulatiVe trade helped to create the weak
feeling which ruled throughout. Eastern
houses were good buyers early, but after
their demands were satisfied sellers had
some difficulty in disposing of their offer
ings. Shipping demands showed a falling
off. Receipts were 405 cars. December
ranged from 1S12c to 1S1sc, and closed at
the latter price.
yellow fever resumed its sway over the
provision market and caused 1t to resume
the weakness ii appeared to be emerging
from yesterday. Reports of the appearance
of the disease in Mobile caused a weak
opening. Prices were maintained tempo
rarily, owing tc the filing of a few orders,
but liberal selling soon started many who
had bought yesterday to disposing of their
lines again and a sharp decline followed.
Toward the close the feeling improved
somewhat with a slight rally in prices. De-
cember pork closed 12l2GD15c lower, at $7.75;
December lard &c lower, at $4.3212 and De-
cemher ribs 10M1212c lower at $4.4712.
Estimated receipts for Wednesday,
Wheat, 10 cars; corn, 575 cars; oats, 270
cars; hogs, &c 600 head.
Leading futures ranged as follows: