The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-15
SHARP Squirt IN WHEAT
ADVANCES ABROAD CAUSED HIGHER
PRICES At CHICAGO.
December Wheat Closed lie I'D,
Corn Gained 3-Sc. Oats 1-Sc and
Provisions z Lee to 1-2c.

CHICAGO, Sept. H.-Sharp advances in
all the foreign markets had their natural
effect on the local wheat market to-day.
December closed Mc higher than the final
figures of Saturday. Corn and oats were
strong, with wheat, and closed SIC and 1sc
higher, respectively. Provisions advanced
212M715c.
The most influential news received before
the opening which was thought likely to
affect wheat was the heavy worlds ship
ments. Private cablegrams reported the
shipments for the week from the Black sea
ports at from 100000 bush to 4,s00 900 BUSH
which suggested a total of about $500 900
bush as the worlds clearances. In addition
to that the receipts at Minneap polls and
Duluth We're 1.502 carloads compared with
1,674 cars on the corresponding day of the
previous year. Chicago receipts were 1875
cars, of which only eight were contract
Receipts here Il year ago were 81 cars
The market consequently got a weak start.
but good demand sprang up at the decline
and lifted the price before an hour of the
session had passed to 601sG6014c for Deem
Der, the first transactions having been at
from $3.50 to 591ac. about sc below Satur-
days close. Great irregularity character
lied the fluctuations during the remainder
of the forenoon, the market going from
several times, but keeping substantially
within the limits of the range already
given. The visible-supply statement showed
an increase of 1,107 900 bush, and some de-
cline followed the announcement. Reports
were said to have been received of damage
to the growing whea, in Argentina from
1ocusts, and that caused the buying of some
wheat. st. Louis wired that 100 600 bush
had been sold there for export and some
which showed an opening advance of I'D
became still stronger at the close as did
also Berlin and Antwerp. This caused
shorts to scramble to cover and the conse-
Quent sharp up turn TO prices, December
touching 60A@6O3sc the highest point of the
day. Near the close realizing saIes caused
a decline to 59a4c but the influence of the
strong cables and the official figures of
the worlds special shipments. which were
ed, created another buying boom, and De-
cember advanced to 601sc, where it closed
Corn was blessed with more ACTIVITY than
usual, and prices at the close showed quite
a substantial advance. The rainy weather
was bull factor, it being regarded as put
ting corn in bad shape to resist a freeze.
The market was also helped by the
strength of wheat and held fiji M in spite of
considerable local selling. May opened I'M
closed at 24a4c.
Oats We're quiet and without independence
ing influenced mostly by the advance of
corn. Toward the close increased offer
ings and rather large estimates for to-
morrow created easier feeling and
consequent slight decline. May opened un-
changed at 19c, advanced to 19Ac and closed
steady at 191sG19l4c.
Provisions were firm, but quiet. After
slight decline, caused by unusually heavy
hog receipts, prices rallied fairly good
support by packers, the small estimates for
tomorrow also helping to strengthen the
market. The closing was steady. January
pork closed nc higher, at s6.f5; January
lard about .0712c higher, at 3.60G3621ac; jan
uary ribs .0212c higher. at 3.311Ac.
Estimated receipts for Tuesday: Wheat
2S5 cars; corn, $50 cars; oats, 300 ears; hogs
Is. 600 head.