The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-14
WHEAT CLOSED 3-8C UP
A MARKED EARLY DECLINE OVER
COME DURING A LATE RALLY.
Corn Followed I'm the Wake of the
Leader, and Provisions Scored
Gains I'm All Lines.

CHICAGO. Aug. 13.-There was a marked
decline i'm September wheat early to-day,
on liberal foundations, but il rallied and
closed firm. at sac. or &c over yesterday.
Corn did little more than follow wheat, sell
ing off early and ~reacting later, to close
steady at &c lower. Provisions also sold
lower early in the day. recovering and clos
ing higher than yesterday.
In wheat there was a fair trade at times,
but the market was only moderately active.
the range for the session being 15sc. The
tone at the start was firm. at 1c advance.
and after selling up a fraction more broke
1m11sc rallied TO 1Ac, eased off Sale, ad-
vanced &c and closed with HGzc advance.
The early steadiness was due mainly to the
better tone of Wall street securities. and
then Northwest receipts were lighter.
and cables only reflected the decline on this
side yesterday. On the early rally, how
ever. there was free and general liquidation
of September. as we'll as professional SELL
ing, which caused the ACKNOWLEDGEMENTS
spread to widen to 4c. at which difference
elevator people came into the market and
purchased freely of the former and caused
the difference to narrow to 3lAc. The wealth
err was cooler in the Northwest, and pre-
dictions are for clear and warmer condi-
tons in the spring wheat territory. For
buyers of futures at the seaboard. Early
public Liverpool advices quoted spot I'd
lower and futures on aaa&d: Berlin was
$4,000 blu. of which 1884, 900 bu was in flour.
There was a fair cash demand on shipping
account; Closing cables quoted Liverpool
spot I'D lower, and futures steady to ed
lower. Paris wheat ste ady at 5 centimes
higher and flour 10 confines higher. Berlin
is steady TO Il mark higher, and Antwerp
Ctaodu m 1C1L continues HIGHER The adj
vance late in the session was due to cover
ing by shorts and the buying Of September
delivery by the elevator interests and car
riers.
There was a fair trade early in corn. but
less doing later, the range for the day be-
ing %c. The feeling developed at the start
was weak, but a continuation OF yesterdays
sentiment, after which there was a mod
crate rally, final figures sho but slight
decline. September liquidation carried the
PRICE OF that future to- Z5ssc, or 4Adiasc un-
der the price of May. the widest spread so
far. May selling as low as 26%c. On the de-
cline several good-sized short lines were
covered. and. wheat rallying somewhat, i'm
parted a Steadier tone to the market. Out
side markets all showed declines CT Hc, and
cables came I'D lower for spot and I'D off
Oats were unsettled, weaker and lower
early, prices receding sc on liquidations by
longs and selling by the bears. owing to the
break in wheat and corn. An effort was
made to break September under 15c, but Of
ferinSs were well taken, shorts covering
Ireely ana elevator people bought, and, as
other grains advanced, oats followed and
prices rallied &c and closed N4Lc below
the top, with a gain of hd9c.
Provisions. like cereals. sold lower early,
reacting later with the grain markets., the
close showing a moderately good gain for
the day. September pork started 2l2c high
er. at $3.50, broke TO $500 and reacted to
S6.4o at the close. September lard sold from
Slice at the opening. to 3.15c, and had
worked Up to 3.271Ac when the closing bell
rang. September ribs sold from 3.221lc at
the opening TO 3.17kQ3.20c, rallying TO 3.2212c
at the close.
Estimated receipts for to-morrow-Wheat.
80 cars; corn. $50 cars; oats, a5 cars. Hogs,
17.C00 head.