The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-19

Wheat Fairly Held Its Own, While Corn
and Oats Under Buying Advanced.
Greatest Movement Occurred in Provisions,
Which We're Influenced TO Drop by the
Buffalo Strike and Oyerstock of Hogs.
TRADING AT CHICAGO.

From Opening at S11.95, September Pork
Lost 35c, and Then Closed SI1.75.
CHICAGO. Aug. 1s.-The wheat market
slanted under the influence of the better
tone of the first cablegrams. Beerbohm's
dispatch read More disposition to buy"
Another read: "NOt quotabIy lower" and
the public message from Liverpool noted
an advance of lad per GENITAL for American
red winter. The Cincinnati Price Currents
remarks confirming private reports of dis
appointing yields of wheat from the thrash
Ing In South Dakota were likewise mild
assistance to the bulls. The traders paid
good deal of attention to the dipatches
which came in from Buffalo during the SEES
sion concerning the labor trouble. Strikes
are, of course, bearish upon values while
they continue. Some rOse-colored crop re-
portsSpf spring wheat in North and South
Dakota were received, but as they
emanated from the railroad interest
they were not received with the
credence which the names attached &c
them would otherwise command. The
bulls were fortified in maintaining former
holdings and in adding to them OH slight
breaks by the appearance OF the weather
map, which was regarded by the weather
wise as threatening frOsts in the North
west The range In the thermometer In
the British northwestern possessions was
440 to 46o, following very heavy rain. The
opening price for September was from nc
to 77lsc, but there were lots for sale at
those prices, and 1t was soon selling nj Toe.
The very narrow range marked the breadth
of the fluctuations no to within an hour
of the close of the session. Business was
extremely dull. The weak closing of the
Berlin and Paris markets did not appear TO
weaken the faith of holders, and the price
clunG tenaciously close to no for Septem-
Der. There were sales at nc at the end.
The corn market started at a point lower
ened tribe, then became very strong, had
a tumble back to the opening point, follow.
ing which IL rested. The opening value of
September was &c. and after touching
5ls4o 1t had bulge to 52asc. good deal
of long stntf came out on the advance,
much of which, il was rumored, was being
sold for the Cudahys. The price gradually
declined to 5l1c. The market was very
firm as the session approached it's close.
September advanced again to 52l9c. Fear
of colder weather was the influence under
the market.
Oats opened trife easier, but buying
orders proved to be plentiful, and the OK.
ecution of them caused gradual harden
ing o. prices. Parties Who sold short early
became nervous as the advance continued
and came In, thereby giving the market
additional strength. September closed at
33l2c, against 327sc at the close Yesterday.
Provisions were again very much de-
pressed by the Buffalo strike and the bad
condition of the hog market, and the pack
ers were free sellers. Dispatches from the
stocky ards said prices for hogs were SO to
leo lower. About 10000 hogs were received
and fully 14OC0 were left over from yes
terday. The Buffalo strike checks ship
ments of live stock to the Eastern markets,
and it also deters shippers from forward
ing hog products as they fear freight
blockade and destruction of property.
There are also rumOrs of manipulation
and sales by longs to break prices. Sep
TENDER pork sold shortly after the opening
at S11e5. but it declined later to SLIGO un-
der active realizing by holders, closing OF
S11.75. Lard and RIBS were steady.
Estimated receipts for tomorrow are:
Wheat 675 cars: corn. 400; oats. 800: hogs,
$1,000 head. Lake freights are steady on
q basis of pa G for wheat and &c for corn to
Buffalo. The leading futures ranged as
follows: