The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-07
WHEAT PRICES FIRM
CHICAGO MARKET NOT ACTIVE AND
THE GAIN ONLY 1-2 CENT.
Crop News More Favorable for Oats
and Corn and n Decline Follows
-Provisions Unchanged.

CHICAGO, July 6.-The wheat market was
firm to-day but not very active, and the
actual gain in price at the close was only
nc. The only States which could have ma
terially brought up the average are now
complaining OF damage of their own-Cali-
fornia, Washington. Oregon, the Dakotas
and Minnesota all sendiry complaints to-
day. Corn yielded to the influence of the
next crop prospects and declined sc and
oats lost &c. Provisions show very little
change.
The change in the value of wheat over
night was not very material at the start.
but such as it was it Indicated more conf
dence in present prices. For the first time
this season the weather in the Northwest
could be called distinctly unfavorable for
the spring wheat, leaving out the slight
touch of frost experienced about three
weeks ago. 1t rained over a considerable
area of the spring wheat region, and
where it did not rain a high temperature
prevailed. The Liverpool market was
quoted I'D lower, on account OF
Improvement Of French wheat prospects, it
was said, but more likely due to yesterdays
weakness here. Business in the pit was
of the same local and light character that
has prevailed all week. but the slight i'm
provement which marked the opening trans
actions was maintained and added to. Sep
TENDER opened at from 70ssc to 7O7sc. adj
vanced~ gradually to nssQnhc. and closed
at 1Bc. as compared with 709kc at the end of
the previous days session. Rain in the
Southwest was also al item OF the days
news, which was unfavorable IN that IL
would at least delay the movement OF winter
wheat, even if il did not permanently inJure
the quality of such OF 1t as was IN shock.
The receipts are small. AT st. Louis, Tole-
do, Kansas City, Detroit and Chicago the
days receipts were only 5000 bushels Alto
gether. Here nine out OF twenty-s1x car
loads received were new. one or which
graded No. / hard; three. No. 2 RED, and
the remainder September and rejected:
Bradstreet's gave the weeks shipments OF
wheat and hour from both coasts at z,oVLvOo
vious week. Argentine was reported TO
have shipped $4,000 bushels since a week
ago.. The Atlantic port FOR TWEEN
Corn did not break badly with such ex-
cellent growing weather., principally on
good demand for the cash article and con-
siderable short interest for September de-
were credited with being the principals be-
hind a great deal of selling which followed
the execution of the first batch Of buying
up to within Ac Of the price it closed at
| on Friday, but when the end was reached
a sc decline had been established for me
day.. lie SulpllcHto IOu Ai6ChtihS tAtS
week were 500, 900 bushels. About $4,000
| bushels of No. 2 yellow were sold here
for shipment at &c per bushel over the
September price. The days receipts were
2Sfcarloads. and for Monday the estimates
are 135 cars.
The market for oats was only fairly &C
tive. The early market displayed a frmer
tone in consequence of fairly good buying,
Schwartz-Dupee and Norton-Worthington
participating in the same to some extent.
Later a decline followed, Influenced by a
similar action in wheat and corn, and at
the close prices were a small fraction lower.
September ranged from 24Ac 10
23%c, and closed at 2sq2c.
The provision market was dull. but in
the main firm. The hog receipts were only
5000, and for the next week 10000 are esti-
mated, against $1,000 received altogether
this week. Packing to date Is l,719,OO0,
against 1883, 900 for the corresponding period
of the year before. An advance of 10 cents
| took place In pork at the opening, but 1t was
again down to yesterdays closing price in
half an hour thereafter, and at the end was
&c lower for the day. Lard and ribs were
! all firm at the opening, and closed with the
early advance of the day lost. The demand
for cash meats is reported to be very light
for both the consumption and export at New
York.
Estimated receipts for Monday-Wheat,
q cars; corn, 135 cars; oats, 100 cars: hogs,
$4,000 head.
f,t,raS roroad g foyIouys.