The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-08-08

CHICAGO. Aug. "a specter OF
drought In the corn belt was again In
evidence today and the speculative mar
kets were all strong under the lead OF
corn, that grain making a sensational
advance. II was at one time 3hc per
bushel higher for September and 27sc
higher for May than IL closed on Satur-
day and left off with a net gain OF 3hc
and 2ssc. respectively. Wheat closed Ac
up compared with Saturdays final quo
tations. oats gained ic per bushel and
provisions advanced slightly also for
near deliveries and soc per barrel for
January pork.
Wheat was rather quiet and inactive at
times. with the range FOR the day ic.
The feeling developed was. on the whole.
. firmer, and values ruled higher. The
surrounding influences were mainly Of
'bearish" nature and the strength today
came from corn. Outside markets
showed considerable strength. but II be-
ing holiday in England no cables were
received from there. Berlin was quoted
steady. The visible showed an increase
OF 2.s57. 900 bushels. or about as anticlpat-
ed. Local receipts were heavy-1,025 cars
but included Sundays work on some
OF the roads. Receipts in the northwest
were moderate. but larger movement is
expected. owing to the premium of Sep
tember wheat in that section. New York
was credited with buying moderately and
n prominent local operator here sold free,
" at the advance. The export clear
ances were small and aggregated 1000
bushels of wheat and -four. of which
11s.0O0 bushels was in -four September
opened hc higher at SIC. sold to 55c, de-
clined to $3.50 and closed at 54ssc.
Corn was nervous and unsettled. huc-
tuations covering 2ikQShc range. The
feeling developed was again stronger and
still higher prices We're secured. The
strength was due 10 the weather there
being no rain in the corn belt The coun-
try was again prominent on the buying
side. the southwest In particular, while
the selling was principally by local pro-
fessionals. who. while stll disposed to
oppose any advance, were rather more
conservative In their offerings. Elevator
people We're credited with purchasing
September, and one Of the largest COM
mission houses on the floor. which has
bought largely OF late. continued active
on the buying side. Room traders who
usually operate In wheat were giving
their attention TO corn and sold freely.
Shorts were inclined TO cover. some on
the theory that the various state reports
which are now expected daily. viii be
decidedly bullish and might cause a
stampede In prices The market vas fur
Their helped later I'm the session by the
Gather forecast for the next thirty-six
hours, which Indicated no rain In the
northwest except showers possibly
around Dubuque Outside markets were
all up and receipts We're smaller than ex-
pected. The market opened 4dlc higher
than the final figures OF Saturday and
sold up &c more. eased off Sc rallied
2hQ2Ssc declined ss@lc, ruled steady
and closed at 5Sisc for September.
Oats We're active and stronger I'm SYM
PATTY with corn. The range for Septem-
Der was lc
Provisions We're firm on the strength
In the grain market. but the market was
quiet Compared with Saturday night,
September pork and lard are each sc
higher and September ribs 7ihc higher.
Freights are at 7sc for corn and oats to
| Buffalo.