The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-12
LITTLE DOING in WHEAT
MARKET RECEIVERS PART OF EAR
LY LOSS ON LATE DEMAND.
Rumor that the Government Report
Would Favor the Bulls Helped
the Final Prices.

CHICAGO, Sept. u.-Trading in wheat,
dull for weeks, was even further curtailed
to-day by the influence of the forthcoming
government crop report, and in no case was
the range over 12c. Bearish foreign crop
reports and heavy receipts gave the market
a downward tendency, December closing at
hc decline. Corn closed unchanged for De-
cember, but sake lower for September.
Oats advanced hdssc and provisions closed
unchanged to &c higher.
Wheat opened weak, at decline of about
&c from Saturday. Everything in the way
of news favored sellers and distinct in
clination to liGuidate was shown by longs
at the opening, and a short time after Liv-
erpool quotations showed decline of SD,
and the worlds shipments were $50, 900 bu,
or about 100000 bu over estimated weekly
requirements. Receipts at all points were
large, and the seasonable weather prevail
ing everywhere augured a continuance of a
big country movement. Minneapolis and
Duluth received 1,236 cars, against LAS a
year ago. Chicago receipts were 145 cars
nine Of contract grade. Total primary re-
ceipts were $4,000 blu, compared with
l,644UO bu last year. December wheat
opened at 7O&c, compared with Saturdays
closing price of INC. 1t sold at 705s@7O4c
and then slowly rallied to tic under a mod
crate covering movement, but, this demand
satisfied. the market dropped again. The
price got under puts and staid there most
OF the time until late in the session. The
government report was expected this after
noon, and pending it's publication traders
did not care to do much either way, con-
tenting themselves with evening up as much
as possible. AS a result prices for long
periods were practically at a standstill. The
european crop reports were more favor
able than of late, and this induced more or
less scattered liquidation, especially early
In the session. New York reported an adj
vance In freight rates was interfering with
export business. About thirty loads were
taken for export. Late in the day the
market was stiffened by tips that the gov
eminent report would show big drop.
December price to 11sc, where it closed.
September closed unchanged, at 7Ossc, after
selling at zoe.
Corn was dull and irregular Weak cables
and heavy receipts gave the market down.
ward tendency, but a fair demand from
shorts for deferred futures held prices
steady. There was some commission-house
liquidation of September and prices of that
option declined slightly. Receipts were s66
cars. The shipping demand continued good.
and closed unchanged. at 2sasc September
closed h4kc lower at 31lsc.
Oats were quiet. but firm. though open
markets. Shorts were good buyers and the
shipping demand was good. Prices soon re-
covered and held firm for the rest of the
session. Receipts were 426 cars. December
ranged from 20l4G2Ossc to 20s4c, and closed
A@asc higher. at 20Ac. September closed
hc higher. at 21Ac
a little from the spread of yellow fever in
the South, which caused some outside SELL
ing. Packers were good buyers, and the
slight decline was recovered. The cash de-
mand was good and there was some talk Of
shortage in young hogs. At the close
October pork was &c higher, at $50; Oc-
tober lard unchanged, at $5.21l2, and Oc-
tober ribs unchanged, at $5.25.
Estimated receipts for Tuesday-Wheat,
30 cars; corn. 1000 cars; oats. 53o cars;
hogs, 5000 head.
leading futures ranged as follows: