The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-18
WHEAT CLOSED HIGHER
BETTER INTERIOR PRICES BY ELE-
vATOR MEN HELPED THE BULLS.
All the Other Board of Trade MR.
kefs Weak and Lower, Pork Max
ing a New Low Record.

CHICAGO. July 1.-THE grain markets
were strong to-day and wheat at the close
was &c higher, corn hlc higher and oats &c
higher. Provisions were weak. Pork
closed sc lower; lard .10c and ribs csc low
err Pork touched a new low record while
lard and ribs closed at exactly the same
price.
Wheat opened &c higher at 56Ie for Sep
TENDER and advanced to 57isc within an
hour thereafter. Commission houses doin,.
an export business had more bids from
abroad for wheat this morning and work
able on the basis of 56l5c for September
than they have had since the recent foreign
demand sprang up. Receiving houses got
little or no responses from the country to
bids of 1c per bushel premium over Sep
TENDER price for No. red. delivered at
Chicago. Country millers, it was said, were
taking it all at Chicago September price.
which was equivalent to from &c to &c
per bushel premium. taking the freight into
account Such information exerted
strong influence on the course Of prices.
The Minneapolis and Duluth receipts were
again comparatively light, amounting to
26S carloads. against Ais the week before,
but only $50 carloads last year The Chi
cago receipts were 241 carloads, 10 of them
No. 2. The Atlantic port clearances were
heavy, amounting In wheat and flour to-
gether to sos, 900 bushels The Liverpool
market opened dull at lad advance, but
closed strong at Id higher for spot and
futures of California and Ad higher for
red Paris at the close was quoted 10
centimes higher, or the equivalent OF &c
per bushel Berlin was called Il mark
lower. The market continued strong to the
end, September bringing 57l2c about fifteen
minutes from the close and the latest trad
ing was at 5712c, with buyers bidding that
as the bell tapped, and 57Ssc paid imme-
diately after.
ness of wheat The demand from the East
was good but bids were for the most part
about sc under the price here. Receipts
were 241 cars. Atlantic port exports were
small. amounting TO only 5000 bushels
September opened unchanged at 271ac, and
from 2Tss42712c near the opening rose to
27sq2Sc and closed with BUYERS at 27aac.
tractfve than yesterday. Advices from the
country were still very bulliSh and shorts
used this information in their efforts to
cover. Offerings were readily taken up.
The feeling was firm and. prices advanced.
September opened sc higher at 17c, sold to
17s4c and closed with 175sc bid Country
orders to buy were plentiful
Provisions were heavy again and closed
at the bottom of the days range; lower
than the price of the live material from
which they are made, and with the addi-
tional extraor binary feature of lard and
hog receipts there was nothing to encour-
age speculative buying of the products.
September pork opened &c lower at Sc 40
sold at $3.50 and S6.3212. rallying to $40 at
the close. September lard opened Csc lower
at 3.60c sold down to 355c, where 1t closed.
September ribs opened .O5c lower at 3.55c
sold at 357i2c and 3.5212c and closed at the
opening price.
Estimated receipts for tomorrow
Wheat, 275 cars; corn, 230 cars; oats, 125
cars; hogs. 13, 900 head.
I f,tttr foil