The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-21
WHEAT CLOSED FIRM
AFTER AN EARLY DECLINE REAC-
TION SENT PRICES UPWARD.
Previous Day. but Provisions
Became Weaker.

CHICAGO. June 2O.-After an early decline
and hard struggle around lie, wheat
wound up at nc to-day, or isc higher than
yesterday. Fair sexport business prevented
a decline. Corn and oats closed unchanged.
but provisions were weak, closing at de-
clines.
Export business. IT is said. was necessary
to maintain wheat prices. even around zoe.
New York reported particulars or so boat
loads taken there and elsewhere for foreign
shipment yesterday, and claimed to be
working more to-day, but no great enthusi-
asm among buyers was observable for some
time after the export business had been
made known to everybody. The first trad
ing at the opening was at from 11sG71Ac.
at which prices the offerings were light.
The shorts seemed satisfied to buy in their
wheat at the opening. and ii was due al
most entirely to their efforts to do so that
a quick rise to 725sc took place. Following
that ii had break to tic, and then rose
again to PC under the influence of the ex-
port business.
The general tenor of the market news was
in favor of an advancegabout the only bear
ish features being the continued good re-
ports Of the spring wheat and the readiness
with which the European markets respond
to a decline here. The Minneapolis and Du-.
luth receipts were 140 cars, against 161 cars
last year and $50 cars on the corresponding
day of 1893. Chicago received 81 cars, in
GLIDING from irregular city houses. st.
Louis reported sales of wheat at consider
ably over the July price for shipment to
points in Tennessee and Missouri, and in
those States rains were interfering with the
harvest. 1t rained yesterday in southern
Ind
see, Kentucky. Ohio and Missouri. and
throughout the Ohio valley. The export
clearances of -four and wheat from the At
lantic ports equaled 10000 bu. OF which
31.000 bu was in shape Of wheat. Anything
over &c for July brought out enough selling
orders to keep ii under that figure during
the greater part Of the day, and similarly at
under 112c, there were waiting buying or
ders. The latter were more numerous at the
end. and the market took on a strong ap-
The sellers s at &c were re Afforded sssed
was nearing its end, and there were buyers
at 717sc as the bell tapped.
steady, but in the main firm. The receipts
were again light, the number inspected be-
ing 80 cars. ST Louis reported A. 900 bu sold
for eH bS we 1ees sod In New York for s
ment to Mexico and the West Indies. ac-
coring to advices from New York. July
was sold at 49c at the opening, and as high
as 1890 in few minutes later, after which
1t sold as low as 4s5sc, then cup to 49lac and
closed at 49Ac.
oats were even more quiet than on yester-
day The entire business of the day was
confined to few local trades. Fluctuations
were narrow and Influenced entirely by
wheat and corn opening about steady, adj
Sancing a trifie. and resting Just where they
closed yesterday. September opened from
2stsc to 2S5sc and ended at 2SLc.
Some one instigated a raid on provisions
during the day. The highest prices OF the
day were made at the opening. but near the
a recovery from bottom prices of l5c In pork;
O2Iac in lard and Csc in ribs, but that sun
left losses of 45c in pork. from Coc 10 VOC
in lard and loo in ribs. Hogs receipts were
s5,O 00 u.. 90
cars; corn, 10 cars; oats, Lou cars hoss'
head