The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-14
ALL CEREALS SLUMPED
FROST NOT SEVERE ENOUGH TO
BENEFIT CHICAGO BEARS.
Decision Also Affected
the Market, and Corn and Other
Grains Closed Lower.

CHICAGO, Sept 1S.-Frosts of reported
killing severity had no effect on the prices
of grains today. Expert corn shorts, after
analyzing the situation, declared them
selves powerless. Prices lost all semblance
of firmness, and, when it became known
that Judge Chytraus had ruled against
the board and its members who were de-
Tending the July oats corner cases, general
slumps followed. At the close September
wheat was sc off, December wheat %Q%c
lower. September corn 1c down, December
corn %Ge7sc depressed, and December oats
Ac off. January provisions closed I'M
changed to 10c lower.
Corn started a trifle better than 1t left
off last night. The frost was the steady
ing influence. Reports, however, were con-
hicting as to the damage done, especially
those from Iowa. Some advices had it the
crop was hurt 80 to so per cent, while 9TH
ers said the damage was slight. Outside
orders were light and the crowd soon turned
toward the selling side. Warmer wealth
er predictions had much to do with the
change in sentiment, but in this, as in ev-
cry other pit on the floor, the courts rul-
Trade directory to enforce it's rulings on
marginal deposits had a depressing effect
Receipts showed some increase as we'll as
a greater percentage of contract trading
than Tor some time past. The best prices
of the day were made at the start, al
though an excellent export business devel-
oped. December started at 441sc and
slumped &c to a weak close a46Nc down at
43lsc. September sold from COO to 604c and
broke to a weak close, lc off, at SEC Re-
ceipts were 205 cars, IS of contract grade
Wheat opened without much change in
prices, but did not long maintain it's steadi-
ness. There was a feeling early that furth-
er frosts last night would brace up corn
TO such an extent that wheat would be
down after. When corn disappointed there
was liberal selling on some bearish re-
ports. Receipts In the Northwest gave I'M
mlStakable signs of an Increase i'm the
spring movement and the weather was a
further aid in that respect. Cables were
lower, the sentiment was bearish and there
was some selling on stop orders Large
estimates of worlds shipments. over 10000
600 bu for the week, had its weakening in
fiuence as did the talk Of quiet selling by q
heavy holder of long wheat September
opened sc up at 731zc, fell to 721kc and rail-
ned falrIy, although the close was weak
CSC lower at 72$4c. December started a
shade up to a shade down at 69nG69c and
closed at its low price, nQ%4c lower at 6gssc,
Local receipts were, 1S2 cars, none of con-
rraet grade rae minneapolis and Duluth re-
ported $50 cars, making total for the
three points of 962 cars. against $40 last
week. Ihls day last year was a holiday.
Primary receipts were 1,1Ss,O0O bushels. Sea-
equalled 3S3,000 bu. The seabord reported
80 to 81 loads taken for export oats
showed even less animation than yester-
day, prices moving only &c. Weakness in
other pits and the oats decision were the
factors in depression that lost &c for De-
~cember options in the days business. A
fair demand developed on the slight breaks,
and thus checking further decline. Trade
was peculiarly local and largely of a
scalping nature. December sold between
Sl1sc and SlBc and closed at S1l4c Re-
ceipts were 1S4 cars, II of contract grade.
Provisions eased off after there had been
a steady firm hog market influencing offer
inSs In January pork. There was consid-
cradle covering later and the nearby
months all showed improvement over yes
terday, although trade was dull Lower
grain prices had some effect and January
products closed weak. pork 1Oc lower al
sl5.12ls. Lard. 21zc down at $500, and ribs
unchanged at S97n.
estimated receipts for Monday: Wheat.
head. '