The Indianapolis journal., 1895-08-10
GRAIN CLOSED HIGHER
TRADING IN WHEAT LIGHT, But
TONE OF THE MARKET STRONGER.
Business Curtailed on Account OF the
Uncertainty Regarding the Coming
Government Crop Report To-day.

CHICAGO. Aug. 9--Wheat was firm, to-
day. with only light trade. Fluctuations
were confined to a range sc, closing 1sc
from the top and ssc higher than yesterday.
Corn closed sc higher than yesterday, and
oats and provisions unchanged
Wheat opened firm at about the point it
left off at the previous afternoon. Trade
was light. and fresh influences were needed
to stimulate it. The government report, to
be issued tomorrow. had the effect of cur
failing business. The effect of small re-
ceipts at Western primary markets was
again balanced by equally noticeably
meager shipments from the seaboard. Gold
to a limited amount was reported to be pre-
pared for shipment on to-morrow's steam
ers. Wet weather prevailed in the Dakctas,
interfering with the harvest. and similar
weather conditions were advised from Eu-
rope. Those were the chief matters which
the bulls and bears wrestled for inspiration
regarding the probable direction Of the next
quotation. Some rumors Of important ship
ments. for which freight room was engaged
via Boston, was about II O'Clock aaoea TO
the above-named influences and infused a
little more nrmness into the dealings g. out
pending their confirmation there was no i'm
krCvement 10 the small volume OF trade.
Inc dealers ere taxing comfort from the
fact that receipts OF wneat at Kansas City
amounted to-day TO 49,VU Du, Dut as II, 400 Du
was the quantity received there a year ago
to-days receipts should hot afford more
than kind OF chilly comfort. Inc satisfac-
ton at the $3.50 bu received at Kansas
City would probably be still further cooler
by the reflection that some of 1t is coming
from Iowa, and is going TO millers at points
In the interior of Kansas as shown by a
letter from flour commission firm of At
lanta, Ia. The bearish feature was exports
from the Atlantic ports of only 1900 bu of
wheat and 100 brls or flour. Foreign mar
kets were all firmer; Liverpool. I'd higher:
u TO 112 marks up. The fluctuations in
prices here were narrow, being confined
within the range of 6l7sc aeA and SsAc. the the clos
ing of freight room at Boston for 250,000 bu
of wheat and 100000 bu OF corn. and the sale
Of 115,OOO bu. of cash. wheat, 1900 bu of the
latter for export, caused the rally during
the latter part of the session.
The corn pit was uncomfortably crowded.
considering the extreme heat, but some
warmth of the struggle to secure it. Two
points OF rather pressing Importance were
seeking for expression yesterday, but were
silenced then by the effect of the Boston
failure These were the hot weather in Ne
braska and Kansas. which Is said to have
caused a distinct lowering OF the condition
and the excellent demand o for a Shipment h', The
was a bull factor. September opened al
from 391lc to 391sc, rose to 40Ac, and closed
so s May and 5anEa Closed fTom sf the
In oats a firmer feeling was noticeable.
but it was entirely in sympathy with corn.
When that market fell off toward the close,
oats also declined. 1t was reported early
that elevator people were buying September
oats and shorts taking I'm May, thereby as
sisting the advance. September opened al
201zc, sold up to 20Ac. back to 205zc and
closed there. May ranged from 24l4c to 241zc
and closed at 24kd24asc.
Provisions were irregular and nervous
There were frequent changes in the tenn
perature Of the crowd. but In the end prices
showed very little change from the previous
days closing rates.
Estimated receipts for to~morrow-Wheat
LOG cars; corn. SIS cars oats 312 cars: hogs
1000 head Offerings of vessel room were
light and rates firm at 1asc for wheat and
Tic for corn to Buffalo. and 2lkc for corn to
Kingston. -