The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-19
DULL SESSION in GRAINS
TRADERS WAITING FOR A SIGN OF
FUTURE DEVELOPMENTS.
Prices Work Lower i'm Spite of FrOsts
and Rains-SeIIing Pressure Added
to Weight of Statistics.

CHICAGO, Sept. 1S.-Grain traders were
waiting for a sign to-day. Business was
less active than ii has been for many days.
Supporting orders were not in evidence
enough to hold UP prices, and with a
bearish report on the corn crop put out by
a leading statistical journal several pro-
fessionals took advantage of the dizziness
to put selling pressure on all markets The
weather condition was an early aid TO
prices, particularly TO corn. but the de-
preston soon followed the selling. At the
close December corn was 2qSc lower,
wheat AQSc down. September oats Sac
lower and December oats l2c of. Pro-
visions closed 2laG221kc down.
Corn business was the most active of
the quiet markets. At the start reports
of frosts and rains in much of the corn
belt, with freezing temperatures in Iowa
and Nebraska stiffened prices. The frost
talk, however, failed to hold up prices.
A prominent journal printed a report on the
corn situation, saying that the crop con-
dition had been lowered a little by the
frosts. but that practically all the big crop
was made. A big interest that is short
heavily In both September and December
put force on the selling side with the re-
SNA thot IA piOhc LII Dc(cluUti. ~
local crowd took the same position, and
on a few stop-loss orders the decline was
augmented. September held fairly steady
on the poor condition of arrivals. There
was an increase in receipts, cables were
lower and estimated receipts for tomorrow
reports of new corn to come to that mar
ket soon. 1t was a pit theory that an
attempt was made to sell a. line while the
frost talk held up prices. On the down
turn houses with country connections took
some of the stuff and a small rally re-
suited. December opened a shade to 1sdAc
weak, hq9sc off, at 43Ssc. Receipts were
$50 cars. n of contract grade.
Wheat ruled dull. but held up fairly well
under the pressure. Corn was an influence
adverse weather for spring wheat move
ment, the lighter Northwestern receipts
than were expected and a fair export bust
ness made the market stubborn. Reports
had fine weather for seeding of winter
wheat. Cables were lower. December
opened unchanged to hc up at 69c to 69hc.
lower, at 6SsQ6S%c. Local receipts were
24 cars. 10 of contract grade; Minneapolis
and Duluth reported Col cars, a total of
go, against go a week ago. This day last
In wheat and flour equaled $4,000 bu.
Primary receipts were LII, OO bu.
There was an early drive against Sep
TENDER oats by elevators, which knocked
-. a. I'LL loA
at lTS cars, 16 Of contract grade. But
private houses put out 81 cars and sold
against them. The weather worked against
the grading of new stuff, but the corn
break was a bearish influence. Trade was
small. September sold from 33c to &c
and closed weak, &c off at 32A. Deem
Der sold from 3lsc to a weak close, Ec
down, at 304sc.
Provisions were fairly active, especially
In October pork. Hogs started out weaker
and later held only barely steady and were
a depressing influence. There was an at
support was put under that commodity.
Prices rallied well for a time, but renewed
seilng resulted in final losses in every
thing. october pork closed sc off, at SIG. 20;
January pork, TIC lower. at sl4.97k; Sep
tember lard. l5c off, at $l0.60; October lard,
l11ec down at $500. and January lard 7lbc
lower, at sS.471a. September ribs lost 221Sc,
at sl0. 721s; October ribs. 171zc, at $9.S7h and
January ribs 2hc, at $7.S71s.
receipts for Tomorrow:
Wheat, 25 cars; corn, 800; oats. $50; hogs,