The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-27
PRICES QUOTED
PROFIT TAKING THE FEATURE OF
ALL GRAIN MARKETS.
Wheat and Corn Dropped I'm Conse-
q~uence-Oats Advanced. but Later
Declined to Opening Quotation.

CHICAGO. Sept. 2s.-Prohs-taking was the
feature of all the grain markets to-day
and material declines in wheat and corn
resulted. Oats closed unchanged. December
wheat declined SIC and September wheat
Sc. Corn closed PC lower. Provisions closed
with insignificant changes both ways.
Opening prices in wheat showed practical
ly no change from yesterdays closing fig
ures. Trading was light at first. with the
professional element inclined TO sell on the
theory that the recent advance had about
reached its climax. Commission houses had
fair buying orders from the country. Early
statistical news was decidedly bullish ard
soon after the opening a marked falling
off in offerings took place, with an increase
in the demand and a fair advance resulted.
Some nervousness was shown by September
shorts and the spread between September
and December widened at one time 10 1sc.
Rumors were current of a squeeze in Sep
TENDER wheat and an increase Of only 49,
600 bushels in the contract stocks tended to
increase the uneasiness of shorts. Never
theless the professional element continued
to sell and though offerings were we'll alb
sorbed for some time the short selling and
profit-taking ultimately weighted dow the
market and in the afternoon prices slowly
declined. Minneapolis and Duluth receipts
were 929 cars, against 1,3s5 cars last week
and 1,716 cars a year ago. Chicago receipts
were 52S cars, eight Of contract grade. Pri-
mary total receipts were 1,196,000 bushels.
compared with liz, 900 bushels a year ago.
Atlantic port clearances of wheat and flour
aggregated 81, 900 bushels. The seaboard re-
ported 80 loads taken for export. :
Bradstreet's report on the worlds visible
supply made the increase 3,335.000 bushels.
This was much larger than was looked for
and the market soon after its announce
ment became heavy, with increased general
higher. This had considerable influence on
the early strength. December opened a
shade lower at 7Skq7Snc. 1t advanced ir-
closing at that price. September sold be-
tween 7c and 75sc and closed hc lower
at 74c.
was strong, principally in sympathy with
wheat There was plenty OF Long corn Tor
literally at &c by concerns supposed TO
be big holders. Tn market was heavy late
ing under liberal selling. Receipts were l.
11S cars. The seaboard demand was sharp.
December ranged from SOC to S%c and
f from s4e e. to lS ssc and d closed %st H He lower at ta sssse.
Oats in a general way followed other
grain markets with a g00d-sized trade.
Early a good advance took place and good
general buying, but later profit-takfng,
| which started when other markets turned
downward resulted in a loss of all the ad-
vance. The market received support from
| heavy clearances. The receipts were 29
cars. The cash demand was good and 10000
bushels were taken here for shipment
Provisions, in the main, were firm, with
fair trade. Heavy sales Of lard for export
were reported, which made packers large
buyers Of October product and resulted
in a steady market all around. There was a
disposition to sell January on the small
rallies. Liverpool reported Cd advance on
hams and bacon. At the close January pork
was unchanged at 1915; January lard, 2h@
21c lower at $50.
Estimated receipts for Wednesday
Wheat, 1853 cars; corn, go cars; oats, 23
cars: hogs, 5000 head.
| Leading futures ranged as follows: