The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-08-13
SMALL WHEAT RECEIPTS
TAKEN WITH BETTER LIVERPOOL
PRICES, CAUSED AN ADVANCE.
Strained Relations Between Russia
and England Also Helped to stifen
the Market-PrOvisiOnsL Lower.

CHICAGO, Aug. 12.-Scarcity of wheat to
fill shipping orders was the chief feature
to-day on Change. September closed Ad1c
higher and December A@ssc Corn rose "a
Ac Oats are 1sc higher Provisions had
severe tumble on reports of yellow fever
in the South, pork closing 1212c lower, lard
10d121zo and ribs 17l5c.
Renewed indications of small receipts at
Western primary markets, together with
better prices at Liverpool, gave wheat a
good start. The strained relations between
Russia and England growing out of the
friction over China was also a factor.
Shorts showed considerable alarm, and the
disposition was to cover. AS there was
little for sale and the competition sharp
prices gradually improved &c, September,
which opened at 661a@665sc. selling up 10
6713c, against 66Ac. the closing price last
night. But the most urgent demand was
soon supplied, when trade turned dull and
there was Zee recession in prices. The
demand for shipping lots of wheat was bet
ter than it was yesterday, and a CORE
spending Improvement was experienced in
the market for carloads. The extraordinalS.
condition of the cash trade was the mos
influential feature of the situation, and kept
the price of September edging upward after
every slight reaction. The aggregate re-
celpts for the day at Western primary mar
kets was 4S6,CO0 pu, against 10000 the cor
responding day of last year. Chicago re-
ceiVed III cars. The number of cars at
Minneapolis and Duluth was SO, compared
with 26S the same day last year. Septem-
per opened Aussc higher, at 661a@665sc, de-
e elined 70 66hc, rose TO 6712c and closed at
6lsq61Ac. December began s@CAc up, at
11fsssaat64Ssc on to SAC, rose to &C., then down
good inquiry from the East for cargo
lots and the situation in wheat favored
corn The. weather was still favorable hut
the prevailing opinion among traders was
tnat large areas of corn had been damaged
peyond all recovery, no matter how excel
lent the temperature might be for matur-
lLg the crop. The influence of the govern
ment's optimistic figures, however. was still
ssumeient to prevent any general investment
buying. September opened unchanged to
&c higher, at 32124325sc, declined to 323s@
5z12c, up to 32Nc, and closed at 325Ac
Oats displayed moderate strength on buy
ing by commission houses. There was
good demand for cash, both old and new
september began unchanged to 1sc higher,
at 20sAc. up to 207sc off to 2O5sc, and rallied
to 2Oa4G2O7sc bid at the close
comparatively small receipts and higher
prices Tor hogs at the yards started prOVf~
sions firm Packers were free sellers at
the slight advance with which trading COM
menced and the gain was soon obliteratei.
Radical weakness, however did not set in
until few minutes from the close, when
upon yellow fever announcements, there
was a sudden collapse, and the market
closed in a semi-pancky state. September
pork opened Zee higher at S9.25. and
dropped to $9.05, the closing September
lard began 21ac up, at $542h, and declined
to $5.2I12Q5.3O at the close September ribs
started SO better at $40. and fell off to
$5.17la the closing.
Estimated receipts for to-morrow-Wheat
10 cars; corn. $50 cars; oats, $50 cars; hogs,
Leading fltllras rapoed DC folIo-.