The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-11
Receipts Not So Favorable, and De-
crease of 4,:9S, 600 Bushels in
Worlds Visible Supply.
FOREIGNERS BIDDING LIVELY
FORCES Up THE PRICE OF SEPTEM-
BIER AT NEW YORK TO Sc lac.
Corn and Oats Advancing at Chicago
in Sympathy. While Provisions
Are Some Higher.

CHICAGO, Aug. 1O-Wheat to-day rose
Zee above the highest point touched during
the recent bull campaign and 22sc above
the closing price of yesterday. Realizing
caused some reaction, but a net advance of
1850 was maintained. The principal element
of strength was the advance in foreign
markets. Corn was strong and gained sc
Oats sympathized to the extent of &c. Pro-
visions averaged strong, but suffered some
from realizing. Pork gained 21aG5c, lard
and ribs 212c each
Wheat fully re-established it's reputation
as a friend to the bulls by the manner of
its opening. The first bids for September
were at from INC to 773sc, and, after
fuctuating q few minutes between the
opening figures and TIC, it commenced to
add a few larger fractions to the advance
In half an hour from the opening it had
risen to 7Sc and by IL o'clock it was bring
ing 1890, or 17sc over the previous days
closing price. The foreigners sent the most
| influential news contributing to the
strength thus indicated. Mail advlces from
Paris were of the most bullsh character.
| and cablegrams reporting the immediate
situation showed that since ten days ago
the French market situation had become
strong enough to be characterized as Eek
cited" An advance in wheat over night
of from % centimes to As centmes, or the
! equivalent of from nc to 23sc per bu, COM
ing after a long series of similar jumps
appeared to warrant the strong adjective
employed by the sender. Liverpool opened
ed higher and rose to an Improvement for
the day of 1851 for futures and I'D for spot.
In addition to the strong tenor of the for
eign news the information from domestic
sources was not of a character to diminish
the bullish effect of the other. The spring
wheat in Minnesota and the Dakotas was
not giving the good promise of the earlier
indications, and, according to conservative
grain merchants on the ground, the yield
of the three States will not be above the
average Chicago receipts were pa cars,
and $4,000 blu were inspected out. Mime
apOliS and Duluth received 1863 cars and 404
cars of wheat at Duluth, which were sup
posed to consist chiefly Of wheat en- route
from Minnea polls to New York to fill a
previously reported SALE The clearances of
wheat and flour from Atlantic ports were
equal to $4,000 bu. Bradstreet's made the
worlds visible 4,29S000 bu smaller than it
was week ago. The cash demand here
was rather duh, cable offers being out of
line. The seaboard reported seventy boat
loads sold for export. Under the influences
of the large clearances and fear of a bull
ish government report September sold up
to 7914c. Buyers sold freely around 79c and
forced the price back to 7S12c. September
opened H@$sc higher at 771sQ773sc, sold
sparingly at 771sc, advanced to 1910, de-
Clllltu " lo12C, NlOolllS Will SSlISIS dL tC12Q
1850.
Corn was firm, largely on the strength
of the wheat market, but due in some de-
gree to an opinion that prevailed that the
government crop report would show such
deterioration for the month as to warrant
higher prices. Sellers were cautious, and
required offers of higher prices to make
them parties to a trade. The receipts were
liberal at 1173 cars Atlantic port clear
anceS were 269, 900 blu. Bradstreet made the
visible here and in Europe 2,17S,000 bu larger
than it was week ago. September opened
1sG1Ac higher at from 2634c to $3.50, ad-
vanced gradually to 27$sc and closed at
27Ac.
Business in oats was quite heavy and
fluctuations were wider than for some
time Influential buying caused the firm
ness, although selling by receivers was
quite free Bradstreet reports showed an
increase of 400 coo bu in the visible supply.
Receipts were 706 cars. September opened
1sc higher at 1910, advanced to 17Ac and
was offered at 167s017c at the close.
Provisions were strong early on light re-
cepts of hogs and sympathy with wheat,
but liquidation set IN, and most of the adj
vance was lost. September pork started
10c higher at $3.50, rose to $785 reacted to
| ST. 721A, closing at $77212@175. September lard
opened sc higher at $4.30 sold between $4.3212
and $4271b, closing at $4.2712 bid September
ribs opened sc higher at $4.75, sold at $4.7713
and $40, closing at $4.7212, sellers.
Estimated receipts for Wednesday =
Wheat 155 cars; corn, 800 cars; oats, ago
cars; hogs. q, 900 head.
: Leading futures ranged as follows: