The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-10
FINAL FIGURES HIGHER
MODERATE SPECULATIVE WHEAT
BUSINESS At BETTER PRICES.
Corn and Oats Firm and Closed I'm
changed, While Provisions Com
tinue to Score Declines.

CHICAGO, Aug. S.-The wheat market
was firm to-day. 1t closed at SIC. or &c
higher than it did yesterday. 1t became
very apparent from the strength of the
wheat market after the New York Stock
Exchange had closed for the day. that if
the latter institution would follow the ex-
ample of its Chicago namesake and take
vacation until the weather cooled, or in
definitely, the price of wheat might have
chance to advance. Wheat is statistically
and commercially in a strong position. see-
ing the bold front ii holds in the midst of
the Generalization in the stock market
Corn and oats were also firm. but closed
without any change worthy of noticing
Provisions were lower, apparently suffering
from the too violent exertions earlier in
the week.
Only a moderate speculative business was
transacted in wheat the range for the day
being but &c, trading being about all local.
fairly steady tone prevailed and final
figures showed sc gain. The better feeling
in stocks, light Argentine shipments. lib
eral exports for the week and light foreign
supplies. compared with last year, gave the
market its early strength. Stocks or bread
stuffs in Europe and af1oat are but % per
cent. of a year ago. Cables were steady and
unchanged. Northwestern receipts moder-
ate, and an active foreign demand for flour
was reported from Minneapolis for export
to-day. Storms were reported in Hungary
and severe hailstorms reported yesterday in
parts of North Dakota The out-inspection
here was liberal and moderate demand
prevailed for cash to-day. The continued
poor quality of the present arrivals was
something of factor, but the market
failed to respond to any extent to the fore
going the absence of outside interest being
the main drawback. The weather was
good, rains being reported in the Northwest
and cooler conditions are Indicated for the
Dakotas and Minnesota for Sunday.
Corn was moderately active and hrmer,
due mainly to hot wind reports from the
West The feature was the buying of May
by prominent local trader with large farm
interests in Kansas. which induced traders
to do likewise and held quite firm.
There was an easier market in oats, with
moderate trading, and closed 1sc lower;
after CSC range. There were no especiai
features developed except the weakness In
September, which declined ssc, while May
only reached nc. This Was due to the IN
creased arrivals.
Provisions opened weak and continued TO
rule rather heavy and business was hgnt.
The Canadian syndicate. which was such
a stimulating story early in the week, was
completely forgotten, except as IL marked
another instance of how wildly on occasions
the SPECTATORS will insist on going from
almost entirely neglected in the days trad
ing; lard and ribs almost monopolized what
little trade there was. Compared Win yes
terdays closing rates the losses for the gay
in the September deliveries were: FORK, loc'
lard .05c: and ribs, .02l2c.
Estimated receipts for Monday-Wheat,
1s5 cars corn 1850 cars; oats, 6l5 cars;
hogs. 2S, 900 head.
folI