The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-30
ONE BREATHING SPELL
CHICAGO MARKET LEAST ACTIVE OF
ANY DAY IN TWO WEEKS.
Wheat Had a Downward Tendency
Early, but Closed Firm Mt 81 Lac
for September-Other Markets.

CHICAGO, Aug. 2S.-Both bulls and bears
in wheat were given a breathing spell to-
day, and the market was the quietest in
two weeks. A much smaller amount of
trading also characterized the other grain
and provision markets. At the close wheat
was unchanged to re lower; corn, 12c
lower; oats, Ac lower, and provisions, 5q
TIC lower.
The wheat market was slackeneG very
much. That was apparent as soon as
trading commenced. Liverpool was tirmer
and from 94d to Id higher than it closed the
day before, and on that account steadier
feeling prevailed here at the commencement
OF the session. Opening prices were at
some Improvement, but there was no such
radical difference from yesterdays closing
rates as has recently happened over night.
December was the only delivery heard of
for a minute or so, and it brought from
9C14c to 901ac as compared with 9Oc at the
end of the previous days session. 1t gained
another Ac over the higher of the opening
extremes and followed that by a gradual
decline to 15c below the lower, SS12c ruling
about 1915 O'Clock The weeks exports
from both coasts, as reported by Brad
street, amounted to 5,419653 bu, against
3 281, S54 bu the corresponding week of 1896.
That showed sufficiently healthy export
movement to have been a probable element
of the firmness of the opening. Argentina
did not ship any wheat to Europe this
week. The receipts at Chicago for the day
were 100 cars, only twenty-eight OF them
being contract quality. Minneapolis re-
ported 342 cars received anu Duluth ntty-
three, a total of 1875 cars, against bO| the
similar day of the previous year. Inc eH-
ports of wheat and flour from Atlantic
ports for the tWenty-four hours were equal
to about coo, 600 bu BeerbohmS cabIed
some more startling figures about european
shortages, giving the wheat crop OF Rou-
mania about 5000 coo bu smaller than the
year before and of Bulgaria about 19,OOo,VO
bu less The same authority estimated the
worlds shipments of wheat and 1our 70
Europe for the week at 7,2OOO0O Du Inc
visible Monday is not expected TO snow
much change, Closing cablegSrams s no yea
decline at Paris equal to 33sc per bu Tor
August and 23sc per bu for November ana
February, and a decline of lac per bu at
Antwerp. Heavy buying, which the CROWD
Variously ascribed as being for account OF
Armour q Co. or the George =. tTehCh III
tereSts, caused an advance in December
from around SS1ac to S9$4c about half an
hour from the end of the session. 1t finally
rose to 90c at which price it closed sep
TENDER ranged between Gle and 9412c, and
closed at 921ac, a decline of &c.
Corn was the center OF the greateSt
activity of ali the markets, which IS not
saying much, the volume OF business pern9
considerably smaller than or late. ne
weather was warm and dry throughout the
corn belt and more drought damage reports
were received The opening was. firm on
this but prospects of heavy visible I p
ceipts proved too much for the bulls. Re-
ceipts were LII cars Clearances ,e We're
reported a great falling off in Western &C
ceptances. December opened 1s@5sc nlgner,
at 3214 13212c, declined to 3lasc' ana cioseo @'
319sc. -, l.. oo+. with
prices throughout following wheat and
corn Trading for the most part co e9ns nsrs
Charters $4,000 bushels 2O T ho mark an
advance of 14@3sc. 1t sold off slowly 10
1890, which vast the price at the close 6seinese
Provisions were weak and the puslhess
done only moderate. Shorts gave the mar mar
ket about all the support it received f tch
ers generally were sellers, as were OUTSIDE
holders The hog market was wear, am
this and the decline in grain were Factors
cash trade was fair at the CLOSE los DecI I'm,
her pork was TIC lower, at $S.9O; DeceIn l9I
lard Sc lower, at 1870, and December lids
I' zz2e+, I0wead receipts for Monday: Wheat
450 cars: corn, 5000 cars; oats, 100 cars
hogs, 900 head. eo11or,s.