The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-02
ALL CLOSED STRONG
MARKETS TURNED COMPLETELY
AROUND AFTER OPENING WEAK.
Wheat Recovered n Loss of 1 lac.
While Corn Shot Up L 1-Sc-Pro-
visions in sympathy.

CHICAGO, Aug. Wheat opened weak
and closed strong. At the commencement
OF the session there was loss of 1kc per
blu, which was all recovered, and &c gain
added at the close owing TO reported sales
for export. Corn had a nomentarily easy
spell at the opening, followed by a lively
advance which eliminated at the close in
an advance for the day of 1isc per bu
in September and &c in May Provisions
opened weak and closed steady about at
the same price as on the day before, and
spot oats finished 1sc higher.
Wheat opened practically lc lower than
it closed yesterday. without other reason
than a change in general sentiment. For
eign markets were comparatively steady, in
the face of yesterdays weakness here.
Liverpool was quoted IA lower. and Berlin
q mark higher. Receipts at Western pri-
mary markets were smaller than on the
day before. and the same poor condition
was observable in the grading. AT Chicago
out of forty-nine carloads of new wheat
received only one was up to the contract
quality. Toledo Jared but slightly better.
for out of ninety-six carloads received
there this morning only six were No. 2.
The total quantity received at primary
Western markets was 100000 bu, as COM
pared with $4,000 on the corresponding day
OF the year before. Minneapolis ana Du-
Iuth received 2oI carloads. compared with
159 year ago. The opening price for Sep
TENDER wheat was lrreguIarly from 6Sc
down to 6Sssc, and III touched 6Sssc before
it reacted. No abiding strength was OBJ
servable until Baltimore sent a dispatch
here stating that there was lair inquiry
early i'm the day. eight boatloads being TAX
EN- for shipment TO Liverpool. The price
here rose to $3.50 when the Baltimore sales
for export became generally KNOWN Inc
Baltimore export business was supplemen,
ted by report that the State agricultural
authorities in California pronounced this
years production of wheat there the
market was further strengthened by con-
tinuation OF the demand here from OHIO
and Michigan millers. That caused Sep
tender to rise 10 os7sc, anu, a,'er a.
last time to $3.50. with Ssssc the last trad
ing price.
The corn traders were all torn up ana
unsettled owing to the unexpected strength
of the September futures. The market
is a narrow one, and Few leading nrms
are able to exercise an lnnuehce OUT Oh al
ings There il a good shipping demand,
and only moderate receipts, and those are
important aids to the bull manipuiators.
Receipts to-day were $40 cars, and for TO-
morrow 3l5 are estimated. St Louis is
credited with being short considerable corn
in this market. The sales OF cash corn Tor
IA e0O blu. September started at 42ssc,
ranged up from that to 4Ss4@4s3sc; and in
the end was bringing the outside price
May ranged from 35Ad35ssc up TO Sossc the
last being the closing value.
Very little interest was centered In the
oats market. The feeling was firmer. In
September opened at 22ssc,- sold down to
22Lc. up to 22lzc and closed at that price.
Provisions started and continued very
weak for the greater part Of the day, ow-
ing TO the weak live hog market, but near
the end there was some buying, induced
by the strength in corn. The latter was
Of Yesterdays closing prices. Hog receipts
to-day 1900. Hog receipts for the month
were 3S2, $50, compared with 379,4S3 In July,
ESTIMATED receipts for Friday-Wheat. S.
cars; corn, $40 cars; oats. 2l3 cars; nogs'
10000 head; for,ns