The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-16
SENTIMENT MUCH MIXED
GRAIN TRADERS DIVIDED ON SUB
JECT OF OATS DECISION.
Statistics and Weather Help Prices
provisions Also Are Higher.

CHICAGO, Sept. 15-Reactionary infiu-
ences from Saturdays slump were at work
In grains to-day. This was a condition
somewhat unexpected. for it was generally
supposed that Judge Chytraus's decision
in the oats case on Saturday would bring
out long grains. Traders were somewhat
in the dark as to whether they dare TO do
any business in futures at other than cash
prices. and as a result outside orders were
scarce. Business was largely in the hands
OF locals, and the nearby futures were let
severely alone because OF their premium
in general over cash prices. The further
deliveries. however. seem to have been
oversold on Saturday. and because of their
seeming ~cheapness in comparison with
shipping figures prices were showed higher
in most commodities. At the close Sep
TENDER wheat. December wheat and De-
cember corn were all sc higher. September
corn was hsc down sand December oats a
shade off. January provisions closed 2hc
TO NC UP.
Wheat started out with a fair show of
strength, largely because the crowd was
not frightened over the issue of the in
junction cases. 1t was generally believed
that the decision in no way affected trade,
cACepl III the case Oh extreme mdnlpuld-
ton. and that even if the decision were up
held the directory could frame governing
rules that would hold. Many of the spec
ulators went home Saturday night short.
Although cables were steady and little out
side business came to hand, the fact that
STOCKS were decreasing started an upturn.
In spite OF the fact that there was q big
run OF wheat to this market last week
stocks In public houses increased only 44S,-
W0 bu. Buying by shorts and a fair COM
mission house business, with light offer
ings, started prices higher. Trade was
dull at times, with the outsider in the
market only sparingly. st. Louis sup
ported December to some extent. The
weather was very favorable to movement,
and receipts were increasing, especially in
the Northwest. September was traded in
lightly, but advanced with December. The
near options opened unchanged to hc up,
at 12%c to 727sc, and closed firm sc up, at
ISisc. December started unchanged at
y eased at one time to 6sA06S%c and
closed firm Sc up at 69c. Local receipts
were 2S cars, Z Of contract grade; Mime
apoIs and Duluth reported 1920 cars, a
total of 1,50s, against 9O3 last week and
passage decreased 4S.oO bu. Worlds ship
ments were 10, 900 blu, against 1881, 600
last year. Seaboard clearances in wheat
worked 10000 blu for export and helped in
the advance. Primary receipts were 1,7S,-
600 bu. against 2,e15, 900 blu in two days last
year.
Conflicting reports Of damage to corn
from frosts put the corn crowd in q guess
Ing state. The market opened strong for
December and May and there was a fair
demand in those deliveries. September was
choppy and in the end ruled easy. Offer
ings in general were not excessive, even
when the market was at its highest point.
The weather was fine in the corn region
With better weather in prospect. Gables
were steady and receipts were increasing.
With these mixed conditions the sentiment
was somewhat uncertain. In the end the
frost damage reports and small contract
stocks helped the bulls. About mid-session
there was great frmness. Later there
was a recession, but the close was near top
figures, save in September. The near future
sold between 5S1ka5shc and closed easy.
&c off, at 5S7sc. December started at 43Ibc,
sold at 43c and closed Sc up at 43Zc. Re-
ceipts were liberal at 259 cars, 81 of con-
tract grade.
Oats were received In larger quantities,
the weather was good and the quality of
arrivals was improved. The market opened
easier under some selling by a leader and
by commission houses, but price fuctua-
lions were narrow. Corn strength aided
the price at times. The cash demand was
light. December sold between 3lG31ac, and
closed easy. a shade off. at 31BQ31Ac. Re-
ceipts were 260 cars.
Provisions were fairly active at times
and ruled firmer on higher prices for hogs
Nearby products showed the most strength
and were difficult to trade in. There was
a disposition to sell January and May stuff,
but a good support brought advances. Corn
huary pork closed 5d715c up, at SIS. 17ka15. 20;
Hard, 7h2c up, at $S.67hs. and ribs, 2hzc higher,
at IS.
Estimated receipts for tomorrow:
Wheat. 400 cars; corn. 40; oats, 1856; hogs
1900 head.
+ aodinO fut,res rapoad os follou,o.