The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-08-28
ANOTHER GRAIN DECLINE
WEATHER CONDITIONS DOMINATE
TRADING IN THE CEREALS.
Losses of 1-Sc to 3-4c ResuIt-Erratic
Session i'm Corn-HOg Products Ir-
regular, with an Mixed Close.

CHICAGO, Aug. 27.-All grain markets
ruled weak to-day. Improvement in the
weather was the most potent factor. Sup
port was poor and stop loss orders were
felt, particularly in the nearby deliveries
of wheat and corn. At the close September
wheat was &c lower. corn &C off and oats
CSC lower. Provisions closed 121zc lower to
2214c higher.
Wheat opened weak under the influences
of lower cables and favorable weather for
cutting and threshing the spring wheat
Early trade was dull and of waiting
ture, with prices slowly easing off, Corn
turned weak and, affecting wheat. brought
out stop loss orders, and September broke
sharply. The volume of business was not
great and all day there was heavy tone
to the market. There were conditions,
however, that at times made an impression
on the crowd and prevented possible heavy
pressure from sellers. Receipts were falling
off and grading was still very poor. Ex-
port clearances we're fair-wheat and flour
equaling $4,000 bu More important as
a sale retarding influence was the fact
that Duluth did not receive a single car
of wheat, whereas last year there were 1S6
cars. Outside markets were weak and ex-
erted an influence. Cash business was
small. September started ss@5sc lower at
71AQ1c, slumped to 70Ac. rallied to 71c
and closed weak, &c off, at 7OSc. Local
receipts were 1S4 cars, none of contract
grade; Minneapolis received 251 cars, a to-
tai of 4S5. against 495 last week and rs
year ago. Primary receipts were 1,O51,OOO
bu, compared with 1,254,000 a year ago.
Corn started weak on the influence of
dryer weather and more liberal accept
Of in no A
day September was offered freely and
weakness prevailed. In other months there
was better buying, particularly in May, in
which there is said to be fair short In
terest Extremely small local receipts, IL
cars, and only three of contract grade.
had little effect against the wheat and
weather influence, and prices fell. There
still nervousness in the pit, however,
over the fears OF congestion in the near
future; Cables were lower September
started AQ4c lower at Ssq571zc and and huc3
rallying to 5S1ac. Late in the day the bet
ter demand that developed fell off again
and September closed 94c off and weak at
571c. Reports from the country were fat
tering.
Fair weather broke oats, but all the loss
did not hold, This pit held somewhat bet
ter in tone than the others, although the
breaking in wheat and corn were an in
huence. There was some good buying by
provision houses, and this helped a late
rally. The movement in oats continues
liberal and there was talk of a marked i'm
prOvement in the next fortnight September
started at 3Sc, fell off to 321zc and closed
easy, 1sc lower, at 325sc
Provisions had spots Of activity and ruled
irregular. The grain weakness had an eff
feet, but the slump in the hog market did
much more toward breaking prices. Liqui-
dalton from the outside was free early
but good support developed and on manipu-
lation Of pork and ribs sharp advances
followed. Lard was offered freely and held
weak. September pork closed 221Ro up at
Sl710 lard 1212c lower at $10.S2l2 and ribs sc
higher at 5000.
200 cars; corn, %; oats, go: hogs, @, 600
head