The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-10-04
TOOK A LOWER A N
GRAIN AND PROVISIONS UNSETTLED
BY TRANsvAAL CONDITIONS.
All but Oats Finished mt Declines
The Local Markets Make "A Very
Excellent Showing.

CHICAGO, Oct. Uncertainty as TO
the Transvaal situation kept grain markets
in a nervous condition to-day and resulted
In a good zeal of liquidation. December
wheat closed SsQ%c lower; May, &c; De-
cember corn. Ac and May corn sc lower;
oats unchanged TO a shade higher. January
pork closed 712c lower. January lard 21aQ5c
under and January ribs sc lower.
Early Transvaal advices contained moth
ing to increase the apprehension Of war
and wheat opened easier, with December
at HAG74%c and May at T1s677asc. Those
who had rushed TO cover during yesterdays
scare sold moderately. Cables were a dis
appointment, Liverpool being up only I'D,
while consols showed an advance. An adj
vance set in following a report that HOSTILE
ties had already begun. There was a strong
outside demand and the early sellers again
bought to cover their first sales. Under
this impulse December assembled to 1890
74%c. The advance was not held long. The
nervous feeling resulted in more selling and
the price slumped to opening figures. The
last advance of the day carried December to
74Ac, but this also was lost, the price
sliding off to 1850, the low mark for the
day, and closed at 74Ac. The break was due
largely to the big increases in Northwest
elevator stocks, 100000 bushels, compared
with 3,493, 600 increase in September of last
year. The announcement of this served as
a signal fer a lot of selling, and the war
news for the time. being was ignored. May
wheat opened at 77bqT%c, ranged from
1850 to 77Aa77%c and closed at nc. Chica-
go received 1876 cars. eight of contract grade.
Minneapolis and Duluth received 1,130 cars,
as compared with 929 last week and 1908
the corresponding day of last year. Re
ceipts at primary Western points were
last year. Atlantic port clearances in
wheat and flour were equal to 445, 900 BUSH
els. New York reported thirty-two loads
Corn held strong the greater part of the
day, affected principally by the Transvaal
political crisis. AT the opening December
corn was a shade under yesterdays close,
at 3OA@3 Osc. The cereal responded to the
war bulge and sold for a time at 3s4c,
easing off in sympathy with wheat and
in contract stock of 2,362,0W bushels, clos
ing a. 30sG for December and 31asc
for May. Local receipts were l,462 cars.
The trade was quiet and the market gener-
ally apparently led by no one.
Oats held firm. influenced less by the
war news and breaking less severely on
the turns. December oats opened a shade
under yesterday, at 23kc, and at one time
was H@%c over yesterdays close; but this
was lost and the close was unchanged from
the opening. The general demand was
good and deferred futures were especially
strong. Receipts were 4S2 cars. There was
an increase in the contract stock of $4,000
bushels.
Provisions were a dull market. A de-
crease in the stock of lard and ribs early
caused some buying, but the market eased
sold. in H ismpat We're Wit down. grain 1a ama PAGERS pork
closed nc lower, at s9.771s: January lard
21ed5c under. at S.6213d5.65, and January
Estimated receipts for Wednesday-Wheat,
135 cars; corn, 625 cars; oats. 200 cars; hogs,
49,