The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-05
SEPTEMBER WHEAT sec.
Record Price of the Season at New
York Yesterday.

NEW YORK, Aug. 4-The controlling
factor in wheat again to-day was the enor-
nous export demand. At least a million
bushels were sold to go abroad, the contl-
nent getting two-thirds and the United
Kingdom the balance. Foreigners were
buyers of futures also, and with the pro-
nounced strength of English cables caused
4n advance of %Q11.c in New York prices
for the day. Near the close september
sold at sec, which eclipsed all previous rec
ords on this campaign. The excessive
weakness in corn, resulting from liquida-
ton and better crop news, caused some
selling in wheat at times during the day,
but new buying sprang up vigorously on
each weak spot. Total transactions posted
up, 8,755,0OO bushels. September opened at
Soc, ranged from 84Ac to SEC and closed
nervous at S5Ac. Receipts, 41,625 blu; ex-
ports, 1921 bu. Spot active; No. 2 red,
S918c.
The flour trade of the New York Produce
Exchange will meet next Friday afternoon
to consider the advisability of abolishlng
the present standard of grading on all
1ourS below extra No. l, and inspecting
formity. In other words, flour now selling
arbitrarily by grade will be sold by sample,
as in most other big markets OF the coun-
try. BY adopting this method it is expected
to increase materially the volume of bust
ness at this point. The grading system
has been particularly ~obnoXlous; for in
stance, in the case of Kansas flour, al
though nominally a winter wheat quality,
is almost identical with spring wheat
frequently be sold by sample on a similar
basis. The trade as d whole is in favor of
adopting the proposed rule. Receipts Of
flour to-day were II, SOB brls; exports, 1923
brls. The market was strong, but held
generally above buyers views. Minnesota
patent, $4.509480; Minnesota bakers, $4,000
375; winter patents, $4400475; winter
straights, $4.15d4.25; winter extras, $3.50
$50; winter low grades, 81. 90Q5.zU. hye nOur
firm; .superfine, $2.30d2.50; fancy, S2.60Q2.75.
Corn meal quiet; yellow Western, 63c. Rye
firm; No. 2 Western, 47c. Barley quiet.
Barley malt dull; Western, 44045c.
Corn-Receipts, 163, 500 blu; exports, 214,272
blu. Spot quiet; No. 2, 32%c. Options opened
weak and collapsed under liquidation and
rain news from the Southwest, later rallied
with wheat and closed %@Bc net over.
August closed at 9234c; September, 32%Q34c,
closing at $3.50.
oatss ST. cstpts MS ~ 800 B 9yc exports; 1es ar AZ
snd f sp a{nr 9}Hiet; ali T 9ay z c 12c; S DPt1 na4 bi Gun
er, with wheat. September closed at 221sc.
Hay steady. HOPS quiet: Hides steady.
Beef very firm. Cut meats firm. Lard
firm; Western steam, $4.6504.75; refined
firm. Pork frmer; old mess, $S.250S.75; new
mess short-clear, $9Q11; family,
Tallow strong. Cotton seed oil firm; prime
yellow, 26027c.
COACC CPGOho .OPViHCU OtSouyt . pOlutS
higher, following Improvement in European
markets, eased off under local and foreign
selling pressure and heavy Brazilian re-
ceipts, slack outside interest and small
warehouse deliveries. Closed steady, net
unchanged TO 5 points decline; sales, 16, 500
bags, including: September, 6.S0q6.85c; De-
cember, 6.95Q7c. Spot coffee-Rio QUIET;
N 5t9aay : Gor96Sa 7 35fla i 121666in sa,d a5Ae 90 N MID lid
Maracaibo D. [. Total warehouse deliveries
from the United States. 1927 bags, includ-
ing 1889 from New York; New York stock
to-day, 1882 bags; United States stock,
4Sl, 29S bags; afioat for the United States,
21l.OO bags; total visible for the United
States, 696, 238 bags, against 434, 973 bags last
year and 526, 61S bags in 1895.
Rice firm; fair to extra, 4BG6Ac; Japan,
412q44c.
Molasses firm; New Orleans. open kettle,
good to choice, 23Q30c.