The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-19
Slight Gain In the Price Of Wheat-Cor
Lower, and Oats Unchanged.

Slight Gain In the Price Of Wheat-Corn
Lower, and Oats Unchanged
CHICAGO, July 1a-Wheat was more
active to-day and strong most of the SEES
sion. For the first few minutes it seemed
inclined to be weak, then wabbled little,
but finally struck its gait and sold l2c up,
and held firm most of the day. Corn held
firm for short time and then tattened out.
September closed l2c lower than on Friday.
Pork. lard and ribs had an early advance
and q subsequent decline, leaving them
about at yesterdays closing quotations.
The very general. and IN some places, very
heavy rains. together with steadier foreign
markets and an active demand for export
reported from New York and other seaboard
cities, gave to the wheat marke It's stronger
tone. The demand for the near months
was better than IL has ruled of late. more
especially for August and September 1t
was asserted that probably 76 per cent. of
the receipts to be expected here for the
next two months were already placed for
shipment to Eastern millers and foreign
countries. Chicago received to-day 476
cars; Minneapolis, 1871 cars; st. Louis. $780,
600 bushels. and Toledo. 14S.0O0 bushels.
The opening price for December was S6l20
S65sc. followed Immediately bv a drop to
s6ssc. 1t stiffened up then ana reached
80 sc In about an hour from
the start. with q strong feeling on the ad-
vance. IL held ND well, being supported by
an active demand for cash wheat and a de-
cided Improvement In July and August.
which were both In good request In the pit.
A sudden drop In the price of corn and an
estimate of SIS cars for Monday weakened
wheat somewhat toward the close. and De-
cember sold of to SLIGO. but the reported
sales from New York of sixty boat-loads
and the active inquiry for cash wheat here
steadied the market. and the close was
firm. fs1ca fnr has <,x
July.
Corn was steady and seemed inclined to
fiTmness early In the session, the shorts"
taking hold very freely. September opened
1ac better than 1t closed last night. selling
at 53d 5Slsc. But the cash demand was not
so urgent and prices were easier. owing
largely to the fear that shipments made
now by lake and canal cannot reach the
sea-bOard in time to till sales for July.
Then came the estimate for 525 cars for
Monday, and there was season of free
selling. under which September broke to
. 81 1sc-a decline of 1l4c-reacted some. and
at the close was about 52lsc. July sold at
sec early and then of TO 571ac, while August
fell from 553sc to 4l2c.
Oats ruled lower. mainly on the increas-
ing receipts OF new oats, twelve cars having
been inspected to-day. July was traded
IN sparingly. and sold from $3.50 TO 34c.
August sold from 27l2c TO 27lsc, and Sep
tenn Der from &c to 2612c; 235 cars are ex-
pected Monday.
Pork was nervously strong and higher,
but lard and ribs Did not share in the
strength of pork. The receipts of hogs at
the stocky ards were only ZOO head. against
an estimate of 5000 head. aud prices at the
yards were lOc higher. This started the
shorts" to covering. and September pork
sold from SILL To Sll.50 fell To Sll.25, re-
acted TO sll.35. then broke to Sill IL, but at
II o'clock was S11.156l1.2O. September
lard WAS steady at 6.55a6.6Oc, while Sep
TENDER ribs sold at 67006. T5c. and at i2
o'clock was at 670c bid. The leading
futures ranged as follows: