The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-09-26
WHEAT PRICES LOWER
NOTICEABLE LACK OF SPECULATIVE
INTEREST IN THE MARKET.
Slight Demand Near the Close Stead
led the Lender-Corn Firm and
Provisions Dull and Easy.

CHICAGO, Sept 24-Wheat to-day made
further decline of 14c. Lack of speculative
interest was perhaps the chief reason for
the decline Weak cables and confirmation
of the heavy French crop figures were bear
ish influences. Corn was firm on the heavy
export demand and closed a shade higher.
Oats also advanced a small fraction. Pro-
visions were dull and easy and closed some
what lower. Wheat started at a slight de-
cline, December opening at 6S5sG63s4c. COM
pared with yesterdays closing price Of
$3.50. One or two small sales were made OF
6S5sc Immediately after the opening, but the
market began to decline at once under
moderate selling pressure from commission
houses, 633sq6S19c being quoted for Deem
Der before any support OF consequence ma
terialized. Liverpool was SsG9sd lower, and
the readiness with which that market re-
sponded to yesterdays decline here was re-
sponsible in part for the bearish feeling
SHOWN. Official estimates of the French
wheat crop making the total 900 blu,
against 24SO00,OCO last year, was an addi-
tional reason for the inclination to sell.
cars, against ,112 last week and 1266 year
ago. Chicago receipts were 1893 cars Cash
wheat was s4c lower at Duluth. St. Louis
was weak, and reported that a further in
crease in Southwest receipts was looked
for. After declining to 33sdg631ac, there was
a little Improvement in the demand, shorts
covering in small way, and December re-
acted to 6312Q63ssc. From that time until
near the close trading was excessively dull,
and even seaboard reports of heavy clear
ances, which ordinarily would have a
Strengthening effect, were given little at
tention. ClearanceS from all ports approx
mated 100000 blu. Liverpool business was
reported small Towards the close there
was slight increase in the buying owing
to a desire to even up over Sunday, and the
market became steadier. December closed
at $780, Little was done in September
Prices were lower throughout closing at
e6Ac decline of Ac.
Corn was a little higher, although there
was no material increase in trade. Cables
were up, Liverpool showing AG5sc advance
ances, 100000 blu being worked for export
This neutralized the effect of the wheat
weakness. Trading was very light through
out and price fluctuations narrow. Receipts
were I'll cars. Clearances, $4,000 blu. De-
cember ranged from 2934c to 295sc, and
closed shade higher. at 295sQ2924c.
Oats were as dull as corn. Recent heavy
rule, though at times prices sagged a little
Export and local cash demand were good
Receipts were 422 cars. May ranged from
22sa@t227sc to 221aQ225sc, and closed a shade
higher, at 22%c.
Provisions were very fiat, and averaged
somewhat lower. Scalpers did most of the
little trading done. Weakness was due more
to, to- lack * OF support than to selling pressure
The hog market was higher. Meat ship
ments were large At the close December
pork was nc lower, a $500 December lard
a shade lower, at $4 821a04.S5, and January
ribs &c lower, at $4.721a@4.75.
Estimated receipts for Monday-Wheat,
l95 cars; corn, $40 cars; oats, 400 cars; hogs,
81, 600 head.
c..A..