The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-01
CEREALS IN DEMAND
GOOD BUYING ORDERS PUT Ii
GRAIN AT HIGHER FIGURES.
Chicago shorts became Nervous mt
the Approuch of September and
Started In To Cover.

Aug. 31.-Good buying here
and reports of heavy buying for export.
gave the wheat market a steady tone To-
day, ard December closed with a gain of
lsc. September corn was bid up by shorts,
closing 1ssc higher, and September oats
finished &c higher. Provisions closed with
moderate gains.
The wheat market was a shade easier at
the opening than il closed yesterday after
noon. but very quickly turned in the other
direction and advanced %c over the lowest
price made at the moment of opening.
There was a good demand from elevator
men for September during the advance, and
in fact the rise was due principally TO that
class of buying. Armour & Co.'S brokers
were the most conspicuous bidders for and
buyers of September during the advance
referred to, and they were not at that time
selling any December against their pur-
chases. Later when the rise stopped with a
gain so immaterial, Armour & Co. COM
menced to sell December. The Northwest
ern receipts were heavy, numbering &7
cars at Minneapolis and Duluth. The ag-
gregate at the primary markets, inclusive
of Kansas City. was also very heavy. Inc
export clearances from the Atlantic sea-
board were lighter than for the preceding
three days. The opening price of Decem-
Der was 567sc, and after advancing to 57hc
it got back again to the opening figures,
and $3.50 was the trading price again about
l:50 o'clock. Closing cables indicated some
further Improvement in the foreign mar
kets, and there was a good demand report
ed from abroad for spring wheat. IL was
rumored that as much as 400.00 bu had
been worked at Duluth, and an exporting
house here had an offer from Glasgow for
spring wheat at a price which allowed of a
commission in its acceptance. Those were
the closing influences on the market here,
and prices are again a point higher tran
had been previously reached. December
was 1c up, at 57ssc, and closed with sellers
at 51Ac.
Corn was strong, and September was
more urgently wanted than any other de-
livery, although the days receipts were Ill
cars. as compared with yesterdays esti-
mates of $40 cars. The advices from the
interior of this State are to the effect that
the week will see the end of the free de-
liveries of corn. The bulk of the receipts
now being received are from Illinois. and
are sent TO fill sales for September leliv-
cry. The shorts fought the market for a
short time to-day. but when May rose to
about SIC from around 5224c at the opening
some of the shorts became satisfied that
discretion was the better part of valor. and
began to buy. The market easily rose an
other CSC on that extra demand. Septem-
Der was not SO easy to buy. and rose from
559sc near the opening to 5611c about a half
hour from the close. Business was brisk
III III POt oAiu uhl W SIC
greater part of the time. The situation as
regards the September shorts became more
distressing as the session neared it's close,
and SIC was paid for some with 56Ac the
current price in the end. May closed at its
highest point for the day and week-532sc.
Cash oats were wanted. and as a good
supply was to be had a fair business was
transacted. The demand was principally
for No. 2 to go to store, and mostly from
shorts. Values on all varieties were up
a tri1e. The speculative crowd was equally
as active and influenced by higher cash
prices, the strength in corn and continued
good buying orders from the country, oats
also advanced. There we're no special fea-
lures of interest to the market. Trading
was almost all in small lots and scattered.
Commission houses did the greater part
of the buying. September sold from 29Zc
to soc. where it closed.
Provisions were again firm until near
then close, when there was realizing by
September longs in pork and a lessening
of the buying pressure from shorts in that
article and in September ribs. The Janu-
airy deliveries were wanted to fill orders
from outside, and they closed strong, but
est prices OF the day: The hog receipts
We're again disappointingly less than the es-
Inmates made on the day before. Compared
with yesterdays closing prices for Sep,
PORK, ne lower: lard. .ioc, and ribs, .o21sc
higher. In January deliveries the following
changes are noted: Pork, 10c; lard, .12bc,
and ribs, .07iac higher.
for corn and 1sc for oats to Buffalo. Kings
ton rates were advanced Ac to 2%c for
| wheat.
Receipts-Wheat, 26O, 1000 blu; corn, 1S1, 600
blu; oats, $751; 600 bu. Shipments-Wheat, 49,
900 bu; corn, 35S,QO0 bu; oats. 131.O00 bu.
| for Saturday-Wheat, $50 cars;
corn, 400 cars; oats, go cars; hogs, 1900.
Leading futures ranged as follows: