The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-21
FIRMER n HIGHER
EARLY WEAKNESS IN CHICAGO
GRAIN WAS OF SHORT DURATION.
Wheat Scored a Gain Of 1 1-2c; Corn
Climbed Up a Cent. Oats 3-Sc and
Provisions Higher.

CHICAGO. Aug. 2O.-The grain markets
started weak to-day. but wound up firm
and with a flourish. Good demand in wheat
and corn caused the strength in those mar
kets and oats followed. Wheat closed with
a gain of 112c for September. Corn closed
&c higher and oats gained Sc. Provisions
finished higher all around.
Wheat was active within the established
range of 1850. The feeling displayed was
stronger. Initial transactions were at ga
&c decline. at 555sc for September. and
gradually advanced 7sQ1c, eased off &c.
rallied 1c, changed some. held steady and
closed With September at 554c. The easier
opening was due to some extent to the
action of corn, which opened off, and TO
the large receipts of LIB cars. New York,
however. was firmer and there was a de-
crease on ocean passage of $4,000 blu. which
counteracted the weaker tone, and on free
buying by the local GROVE the price adj
vanced, and was further helped later by
the increase in the visible being smaller
than expected and the free acceptances by
the continent of offers from this side. Ca
bles came in stronger and continental ad-
vices were bullish in tone, which helped
advance prices. The weather in France
vas reported wet, and was also something
of a factor. The moderately sharp upturn
in corn also aided the upward tendency.
New York was a good buyer and local
shorts who sold freely Saturday covered
on the upturn to-day.
Corn was weak at the start, but soon
frmed up. Local players were covering
shorts and did not find sellers as plentiful
as they expected. The country sent in
some more buying orders, and both classes
of buying were in active competition at
times for very limited offers. Reports of
the condition of the crop were generally
as bad and in some cases worse than be-
fore. There was an active demand in the
cash Nd for the earliest Offering to go
to store rer at &c per Hc,s bI over snd the sse ePfem6er
price for regular No. 2. September sold al
the opening at from 525sc, down to 52Ac.
began at from sic to 5lisc, sold as high as
531sc, and closed at 52l2c.
The activity in the oats market did not
amount to very much, but during the ses-
sion a good business was transacted. Even
with a decrease in the visible supply of oats
of 1,1S9,OW bushels, the market ruled firmer,
influenced by corn: September opened 4c
lower than it closed Saturday, at 29l2c. sold
rlght up to Bose. and closed at 01sc bid.
There was a fair amour of trade done
in the provision pit, but prices were higher
from the start, differing in that respect
from the grain markets: The market stiff
ened as the session progressed. The hogs
were only 1900 to-day, instead of 34,000 as
had been estimated, and only 5000 head is
estimated for tomorrow. January pork
Iounu BUYERS at the opening at Si5.4o, as
against s1S. 40 at the close on Saturday, and
advanced to and closed at $3.50. Lard is
.lOc higher than at the end Of Saturdays
session, and ribs .071zc higher.
Freights were firmer. Three loads of oats
paid 1c to Buffalo, one of wheat 2Ac to
Kingston. and a load of 1900 bushels of
oats to Port Huron secured 7sc.
Receipts-Wheat, Al, 900 bu; corn, 12f, 900
bu; oats, 1915 100 bu. Shipments-Wheat, co.
600 blu; corn, 174.O0O bu; oats. 22s.O 600 bu.
| for Tuesday are: Wheat, 200
| cars. corn. On parc. oats 9I "a Gs hoUc
1900 head. Leading futures ranged as fol-
1 lows: