The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-07-26
WAS HOT AND 4 BULBS DAY
Brokers Easily Believed thatCrops We're
Affected and Prices Began TO Climb.
Germ and Provisions Showed the Greae;t
strength, the Former Cling from As 3-Scto
40 5-Sc. and Pork from IL i-2c to 80 l-2c.
TRADING AT CHICAGO.
Wheat Was Firm Under Apprehension for
the Spring Crep.


Wheat Was Firm Under Apprehension for
the Spring Crep.
CHICAGO, July 25-The wrath to como
was measursbly Indicated by the heat in
the trading pits to-day. hut the operators
struggled with 1t IN DeRlige outing shirts
and pantaloons with pralseworthy energy
and disregard of the buoy ancy of the mercu-
~. 1t was bull day, led by corn. which was
we'll supported By provisions, and received
countenance, though of o subdued kind.
from wheat. The changes since Saturday
are an advance in corn Of lac, in pork of
from 17l9032lac and in wheat of asc. The
wheat market was firm under apprehension
of damage to spring wheat from the hot
weather. The reports from the North
west differed somewhat, but gener-
ally conceded considerable damage al
ready done by rust. The bullish-
ness in corn was of much assistance
to the wheat bulls. In to-dsy's receipts at
this point were l43 cars of new wheat. st.
Louis had fully up to SATURDAYS predic-
tions. the amount being $4,000 bushels.
Minneapolis also had heavier receip pts,
numbering $50 carloads. Cables were
easier, Liverpool reporting " penny de-
cline and the weather in England favor
able. The visible supply showed an in
crease OF 62y,0CO bushels Under these in
fluences the market weakened tor a few
minutes and then rallied and became firm
again. September started at from q lac to
77ssc. gradually advanced for an hour un-
til 7St4c was reached, weakened slightly
and again sold M. touching 1880 and
closed at 7Slsc, compared with 77s4c at the
close Saturday.
Corn WAS the most active and strongest
of the articles traded in on the board
Talk had been rife in the pits for some days
about possible damage to the growing crops
from extreme heat. so this morning, with
the thermometer ranging near the nineties.
operators who noted the effect on their sys-
TENS were ready to believe anything of it's
effect on tender corn plants. Therefore q
Published dispatch from Wichita. Kan,
which said that hot winds had done great
injury to corn from the Colorado line for a
distance OF 80 miles eastward in Kansas
was at once active In boosting values.
when the market opened except at about
lac over the closing prices Saturday.
September opened nominally at 4Sas G
compared with 4Sl4c at the
CLOSE on Saturday. But very little could
be bought until 4Sas 04S7sc was being bid
for il, and even these prices did not bring
out enough to stop the advance. The
price reached 49Ac before there was more
than lsc reaction. But even that did not
satisfy the eager demand tor after couple
Saturdays closing price. and all that in the
first half hour of the session. N0twith-
standing reports OF general Improvement
in the crop outside of those which came
from Kansas. the sudden impairment in
that section was enough of disappolnt-
ment to iaake holding prices comparative
Nv easy and the decrease in the visible sup
ply aided in o further bulge to 50lsc, and
the close was lac lower.
Oats made an advance of IS 90 &c. more be.
cause corn ruled higher rather than be-
cause of any direct bull influence. The
volume of business done was considerably
heavier than on Saturday, but the market
was 10y no means active.
Provisions were strong in sympathy with
the strength in corn and the light run of
hogs, present, and prospective; and heavy
shipments of cured meats on Saturday also
aided in STRENGTHENING the market, and
there was good demand from Cudahy
and other packers There were only one or
two weak spots in the trading during the
day. The leading futures ranged as fol.
lows: