The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-07-29
CLOSED AT HIGH FIGURES
Tendency TO Lower Prices at Chicago IN
Opening Hours Changed AbOnt.
den Decrease In Other Foreign Exports ALI
Tended to Bull the Grain Market.


All Provisions Advanced and Held Most Of
the Gains.
CHICAGO, July 2S.-The markets on
Change all started this morning with q
tendency toward lower prices. but the
weakness was overcome later in the day by
the prospect of an early adjournment of
Congress and a report that there is strong
probability of importing countries placing
an embargo upon trade with Russia with q
view to preventing the spread of cholera
from that country. Wheat since yester-
DAY Is 4 c higher corn, Sc lower: oats. lao
lower, and provisions tritle higher. The
rains and cooler weather in the North west,
lower cables and liberal receipts at primary
markets created a weak feeling in the
wheat market at the opening. September
opened at 77lsc, sold at 774lD77ssc C. then
eased off to no. improved to 77Ac and at
noon was 77Ac.
The decline in corn was also rather in
favor of the bears. Holders showed DIS
position to get rid of long stuff and there
was some disposition to crowd snort sales.
But the CINCINNATI Price Current crop
summary indicated that the thrashing re-
turns left little doubt of the yield of win
ter wheat proving below expectations; the
movement from the principal wheat-ship-
ping countries ia growing light and the in
dicatlons are that importing countries may
soon have to depend largely on America for
their current supplies. There was some
talk of frost in the lar Northwest. the Their
mometer being at 81 In Manitoba, and
this was followed up by the report that the
House had voted to adjourn on Saturday.
which was accepted as settling the anti
option bill report came from New York,
TOO. indicating that cholera Is spreading In
Russia. Under these Strengthening in
fuences the market turned strong during
the last hour. and September sold TO 17l30
Tssc. closing at the latter figure.
Corn was moderately active but lower.
influenced mainly by the report of gener-
Ons rains in Kansas, Nebraska. Iowa and
Missouri. which were said to have relieved
all present danger. The Cincinnati Price
Current also said that the crop had made
favorable progress during the past week.
Longs were liberal sellers from the start,
and while there were few sales of Sop
tembor at As lD49c, about the first general
business was at Asa c. and went gradually
to 4Sl9c. Then on covering by shorts it
reacted to 4Saac. but soon eased off to 4S2c.
The market showed some strength during
the closing hour. and Sepie mher sold TO
Asa G04S7sc, resting at the latter figure.
Oats were weak early. September de-
clned from 30lsc to 3Olsc. Later the mar
ket strengthened, with only moderate
trading
Hog products were irregular, opening
weak and lower on the drop in corn. bat
then recovered. September pork opened
at S12.05. sold ND to Sl2.2el9. fell Zoe and
closed at S12.15. Lard sold at 7.37l9c and
at 7.32l2c, and closed at 7.35c. RIBS touched
7.62l9c. but at the close were offered at
1900.
Lake freights were steady at lac for
corn to Buffalo. Estimated receipts for
tomorrow are: Wheat. $40 cars; corn. 800
cars; oats, 2i0 cars; hogs. $1,000. The lead
ing futures ranged follows: