The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-03
ALL CEREALS ADVANCED
HEAVY REALIZING OFFSET BY
LARGE SALES AT SEABOARD.
September Wheat Gained Use at Chi
cage, COrn 1-2c TO 5-Sc and Oats
1-Sc-PrOvisiOns Slightly Lower.

CHICAGO, Aug. 2.-Wheat was nervous
to-day. Prices were sustained. however. in
the face of heavy realizing by large sales
at the seaboard for export. September
gained &c net. Corn was strong on hot
weather West, gaining 1&Q5sc. Oats were
steady, closing sc higher. Provisions lost
2l2d7c on heavy receipts and packers SELL
ing.
Liverpool and London were still devoting
themselves to holiday pleasures, and con-
sequently regular market quotations were
not received from there. 1t leaked out,
however, that Paris had made another SEN
sational advance of equal to 23sc per bu-
at least, it was so reported as the market
was opening here. English country markets
were Sd higher. The receipts here were only
24S cars, against 35S as estimated Saturday.
and the worlds exports to Europe for last
week gave indications of being very light.
the Danubian States reporting only 112. 900
bu. Those were the points that the local
spectators seemed most impressed with for
a time, and caused the market to start very
strong at 1sc over Saturdays closing price
and in about twenty minutes to gain a fur
Their use. The prospect Of a heavy visible
increase which developed shortly forced a
sudden change in sentiment. Prominent
bull leaders appeared as heavy sellers. dis
posing of one and One-half million on the
swell. The demand thus filled, a general
rush to realize set in, and prices declined to
the opening inquire, rallyIlg 1tfully to 1512c.
The visible increased 1,7S2. 700 bu, compared
with q decrease last year or 3SS, 900 bu. The
total is now IL, S14, 600 bu, against As, 754, 900 blu
a year ago. Export clenrances from four
principal Atlantic ports were equal, in wheat
and flour, to 41S,0 OU blu. Primary market re-
ceipts were 1,259, 900 bu, against 662, 900 bu a
year ago. Kansas City received Sl2 carloads
ana Toledo 36l carloads, but against the
Toledo receipts must be placed shipments
from the same place of about $40, 900 bu.
New York reported a good demand for
wheat from Germany. Baltimore mentioned
the same circumstance. Paris closing cable
grams failed to support the early news from
New York with regard to the French mar
ket, but Antwerp made the advance that
had been credited TO Paris-50 confines, or
22sc per bu. Paris was given as closing
unchanged for the near delivery and equal
to lie per bu higher for the November-Feb-
ruary term. Half an hour from the close
New York reported seVenty-iVe boatloadS,
equal to 100000 blu, taken for shipment to
the continent. September wheat opened Ac
higher at 74%c, and advanced to 76c shortly
after the opening, reacted to 1880 after the
visible statement was finished, recovered
again to 1850, once more declined to 14Ac,
recovered and held steady until near clos
ing time around 751sc and 75Ac, took a jump
in the last few minutes to 7512c, and that
was the closing quotation.
The corn market opened strong, chiefly,
it is supposed, because of crop damage re-
ports from Kansas, for from elsewhere the
C1CR F%bC 5CA1CA GAAAS - tOh0 - 4AC
trade was heavy, and, Notwithstanding i'm
mense quantities of long corn were put upon
the market, it was rapidly absorbed without
affecting any change in the prevailing bull
ishness. The price near the close was with
in a small fraction of the best figures of
the day. Receipts were 1,190 cars by rail
and 81, 375 bu by canal, and the out inspec-
ton was 493. 600 bu. Atlantic ports were
313, CSC bu. The visible supply decreased
1872, 0O0 bu last year. September, which
closed Saturday with sellers at 2iBc, start
ed this morning with buyers at from Csc to
2SAc. 1t advanced to ZS2sc and reacted to
2SAc. rose again to 2S12c and closed at 2S3s@
2S12c.
Oats opened firm because corn did, sold off
a shade later for the same reason and
finally finished up the session with a Sigh
gain over Saturdays final quotations.
was transacted, which was almost eXclu-
sively of a local scalping nature. September
opened a shade higher at 17Ac, sold to 1Sc,
back to 176sc, and closed with sellers at
119s017Ac. Receipts were 62 cars, i'll of
which were graded No. 2. The visible sup
ply showed a decrease of 1923, 900 bu, and
local stock increased Al, 900 bu.
Receipts of hogs were 46, 800 head, and that
being so much in excess of 1900 head, as
estimated Saturday, that the opening price
of provisions was at a sharp decline from
Saturdays closing figures. There was some
recovery afterwards, but the general tone
of the market was heavy and the amount of
trading small. AT the close the following
were the declines for the day in September
deliveries: Pork sc, lard 711c and ribs 219c.
Estimated receipts for Tuesday Wheat,
80 cars: corn, 1910 cars; oats, 900 cars; hogs,
Is. 900 head.
T eadinp futures ranged as follows.