The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-19
WHEAT STILL GAINING
ANOTHER ADVANCE RECORDED on
THE CHICAGO BOARD.
December Closed 1-2c Higher Yester-
day. in Spite of Heavy Receipts
-Proyisions Also Up.

CHICAGO. Sept. 1S-The strength dis
played by the Liverpool and Berlin cables
were influential enough to cause December
wheat to close 1ac higher in spite of con-
tinued heavy Northwest receipts Corn and
oats were both firm and close hc higher
each. Provisions were all higher pork adj
vancins zoe. lard .071ac and ribs Toe.
Wheat had a firm opening but very soon
weakened and for over half an hour the
bulls were on the ragged edge. Then the
price for December from 611sc to 61Ac
as compared with 607sa61c, yesterdays
closing figures. 1t commenced to sag i'm
mediately touching 60Mc before the rise
commenced which, by IL O'Clock. had car
ried the price up to 62 cents. Offers made
from Chicago and New York last night
on the basis of yesterdays advance did not
meet with a very liberal response in the
way of acceptances That probably
one of the reasons for the temporary weak
ness of the first half hour. Another rea-
son for it was the receipts at Minneapolis
and Duluth, which, though 102 cars less
than on the corresponding day last year.
were still heavy, amounting to 1,043 cars.
Chicago receipts We're again more liberal
165 cars. compared with 50 carloads a year
ago, but only were of the contract quail
ity. Atlantic port clearanceS were equal in
wheat and flour to 100000 blu. Liverpool
Op6Heu 12C n1Sner 1Of spot wheat ana z4u
higher for futures and closed with the adj
vance in futures lost. Berlin opened IA
marks higher for wheat and closed at an
advance of from &c to marks. which is
equivalent to about 1tsc per bu This sharp
advance at Berlin was the principal in the
strength of the latter part of the session.
After the advance to 81 cents there was q
very general desire to realize profits of
the early purchases. and that resulted in a
gradual decline to 61lc. around which price
it hung for about half an hour. The bull
feeling was still uppermost, however, and
1t rallied again to 61120619sc, and closed at
613sG611ac.
Corn was fairly active and firm. The
damp weather and the strength OF the
of the better prices for the offerings. The
demand from shorts developed as wheat
advanced, and offerings were limited:
prices gradually strengthened. May opened
unchanged at 245s0124S4c, advanced to 251sc
and closed steady at 247sc-
Oats We're not very active but firm, chief
ly through sympathy with corn. Shorts
were good buyers and fair support
given by outsiders. May opened shade
higher at 1880. advanced to 1880 and closed
steady at 15Ac.
Provisions were very firm on a small
amount of business. Packers who have
lately been identified with the short side
advance resulted Yard prices were slight
ly higher. Some realizing was INDUCED in
near the close, but final prices were at a
substantial advance. January pork closed
zoe higher at $65212, January lard .011ac
higher at 3.S0dS.S212c, January ribs .10c
higher at 3.45c.
Estimated Receipts Saturday-Wheat, 275
cars; corn, $50 cars; oats, 800 cars; hogs,
IA 900 head
Leading futures ranged as follows: