The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-08
GRAIN MARKET SLUGGISH
SLIGHT DECLINE ON DULL DAY AND
BRADsTREET ESTIMATE.
Oats Assume q Lively Aspect and Adj
vince ON Smart Demand-Pro-
visions Weak.

CHICAGO Sept. 7.-Traders In grain and
provisions to-day devoted more time TO de-
nouncing the weather than 10 the markets,
and the resultant narrow trading was pro-
ductive Of but Insignificant changes In val
ues, except In September oats, which ad-
yanced 1z6sAc Wheat closed &c lower.
Corn unchanged to a shade higher and pro-
visions a shade higher to 2isc lower
Firmness shown by yesterdays wheat
market was still apparent at the opening in
wheat, and, Notwithstanding unfavorable
news initial prices were a shade higher
Liverpool was about I'D higher. due to the
advance here yesterday and TO the con-
tinued drought In India, and to this fact
part of the buying which characterized the
early trading was due. Offerings. however,
soon exceeded the demand, which was al
most entirely from the outside, and the
small opening advance was soon lost Local.
professionals did little on the buying side
and a liquidation movement of respectable
proportions set in on the posting OF Brad
streets figures on the worlds available sup
ply, which put the surplus at l2s,""oco
bushels, as compared with 100000 bushels
last year. This soon ceased and for the re-
mainder of the session trading was ridicul-
ously small. The weather was too hot for
even the most enthusiastic trader and the
pit for the greater part of the time was
half-deserted. A feature was the large
Western movement. Primary receipts
amounted to LIS 1000 bushels, the same as
last year. This fact had little effect on
prices but increased the bearish feeling
among traders, and little support of any
kind was forthcoming until the price had
got below puts, when realizing and buying
against those privileges caused a slight raj
ly and gave the market an appearance of
firmness toward the close. The cash de-
mand here was slow, but the seaboard re-
ported a moderate export demand, with fif-
teen loads engaged. Minneapolis and Du-
luth receipts amounted to 739 cars. against
500 last week and 929 year ago. Chicago
receipts were 156 cars, three of contract
grade. Atlantic port clearances of wheat
and -four aggregated 44400O bushels. De-
cember wheat opened q shade higher. at
na4c, and sold Immediately at 17sc. II
slowly declined to nk@zssc and rallied to
711sc, where ii closed.
Corn barely held its own, with the range
narrow and the trade in general slow. There
was some attempt by professional bulls TO
boost prices on the dry, hot weather. but
predictions Of general rains brought selling
orders. Receipts were sol cars. December
ranged from 2S7sc to 29lsc and closed un-
changed at 2sc. September closed a shade
There was a fair-sized business done In
September oats and that commodity ad-
vanced sharply. The buying was done most
ly by cash people, who were evidently short,
and there was little offered. The large cash
demand continued, and this probably was
the cause Of the September strength. Re-
ceipts were $50 cars. December ranged
from 2O14c to 201z@205sc and closed Ac high
err at 20Ac. September sold as high as 2llzc
Provisions were dull. and after little
flrmness around the opening rather heavy.
Later the commission houses sold moder-
ately and advances were lost. The close
was steady, October pork being 21zc lower.
at S&2211; October lard $535 and October
ribs shade higher, at $3.50.
Estimated receipts for Friday-Wheat 160
cars; corn, 575 cars; oats, 365 cars; hogs,
15,0O0 head.