The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-17
ALL GRAINS ARE LOWER
WEATHER. CABLES AND sTATIsTICs
DEPREss THE WHEAT PIT.
Fear of Frost Damage Unable to Sup
port NOS and Hog
Also show Marked Losses.

CHICAGO, Sept 16.-Grain trade to-day
was irregular. In the main conditions were
against prices, The fine weather brought
about natural selling in both corn and
wheat. with some activity on the bulges.
Doubt over frost damage, however, and the
possibility that the Northwest would use
much of it's wheat instead of moving it
helped TO retard losses. The nearby OPP
tons could not stand under the selling as
we'll as the later futures, and in the end
September wheat closed &c lower. Deem
Der wheat &c down, September corn sc of,
December corn hQ$c lower, September
oats sc off and December oats hGAc down.
January provisions closed l21kc to 17h620c
down.
Wheat started out weak on cables that
did not respond to yesterdays local adj
vance, and on the warm weather and pros
poets of better Northwestern receipts. The
weather In particular was bearish in that II
favored a good movement of spring wheat.
Offerings, however, were light. Trade at
times was very dull, but long holders sold
a good deal of stuff to scalpers, who in
turn dumped 1t on the bulges and weakened
the market still further. There was a good
Sooi oChiohu TdluS were DT6UlCleQ, anu
the estimated receipts for two days were
much curtailed from the receipts to-day.
Thls stopped selling in the late deliveries,
ana TO aid In the check came the advice
that the Northwest did not intend selling
much stuff here. Trade was not large in
the aggregate, and the late scattering pur-
chases helped matters. September opened
sc off at 73c, sold at 734c and closed weak
&c on at 12ssc. December sold from 6S%c to
eS9sc, advanced to 69Ac and closed easy, &c
lower at 6Sfsc- Local receipts were 42l cars.
10 OF contract grade.
Minneapolis and Duluth reported LOGO
cars, a total of 1,4S1. against / ,215 last week
and l.S4l a year ago Primary receipts were
l,SSS,0W Blu. against 100000 blu last year.
equaled 425, 900 bu.
Damage fear was practically the only
oullish feature of the corn market, for
favorable TO movement and to the crop and
cables were Indifferent. The government
crop report indicated damage in the north
ern part or the corn belt and rains were
predicted TO hurt the crop still further.
offerings We're light until late in the ses-
sion, when there was a drive in September
which pressed prices down. In spots the
market showed activity and there were
occasional hard points. In the main, how
ever, 1t was a waiting market for accurate
on crop damage. Some points In
IoSa reported as high as so per cent. dam
age, and Nebraska said Is per cent. Sep
TENDER sold from 5S%c to a weak close, &c
down, at 5sc. December sold from 43Ac to
IoHo1o12c, anu ClOSeu weak, AW9sc OH al
43sd431ec. Receipts were 4S0 cars, l0S OF
contract grade.
Trade in oats fell off to an almost i'm
perceptible volume. Price fluctuations
were very narrow and there was no con-
spicuous buying or selling. Receiving
houses let go of some stuff on the warmer
weather and September closed weak, SAC
OF at $3.50. December sold between 3OTsc
and 3lAc and closed weaker, NGAc off, al
Bic. Receipts were 299 cars.
Provisions were only fairly active AT
times. Hogs ruled lower at the stock
yards and Influenced products bearishly.
The outside made some sharp selling raids
at the prices. The result was a weak close
with January pork 17kh2Oc off at SIS: lard
lo417zc down at IS .50dS.5211, and ribs, 121ac
lower at S7.S7hc.
Estimated receipts for tomorrow,
Wheat, lS5 cars; corn, 1e0; oats, 16O; hogs
1900 head.