The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-08-17
WHEAT STILL HELD BACK
BUYERS HAD DIFFICULTY IN FILL
ING SHIPPING ORDERS.
Better Price Obtained for September,
with Other Grain Somewhat Low
er-POrk Declined 10 Cents.

CHICAGO, Aug. 16.-Difficulty in getting
wheat to-day to fill actual shipping orders
had a strengthening effect on prices. Sep
TENDER closed &c higher and December from
1sc lower to Ac up. Corn left off 1s9Ac
down. Oats are from unchanged to 1sc low
er. Pork declined 10c and lard PFC higher.
Wheat got a weak start from Liverpool
sending lower quotations, but there was
disposition during the first couple of hours
to go slow. The crowd during that time
was evidently restrained from selling free
ly by the fact that the increased country
movement that had been predicted for sew
eral days had not got beyond the stage of
probability. Chicago received 50 cars and
Minneapolis and Duluth got 2i2. Primary
Western markets received an aggregate of
653CO0 bushels, against $4,000 bushels last
year. Clearances from the Atlantic seaboard
were equal in wheat and -four to 100000
bushels. The seaboard was bearishly in
clined and the Northwest advices were all
in favor of lower prices in view of the ex-
pected heavier receipts up there. The spec
ulative market turned fearfuly dull and
there was not much activity in the cash
department of the business. The latter
might have shown more life had stocks
been heavier, but people who had bids at
from &c to &c a busheI premium over Sep
TENDER In store for shipping parcels of No.
Kansas hard and No. 2 red winter, could
not get offers for anything like the guam
tity there were orders for from the sea-
board. Kansas Citys general remark in an
swer to bids from here was that cash
wheat or spot or for August shipment was
scarce, as millers were paying more than
shipping rates for the moderate offerings
from farmers. That condition of affairs had
some little effect in hardening the tone of
tne speculative market. but it apparently de-
pended more on prudential covering by
SnortS IMAM buying for long account for the
little additional price had been caused by
6ne peculiar condition of the cash market
september opened unchanged to 5kc higher
at 65Q651sc sold off to 645ac, and rallied to
659sc bid at the close. December started un-
changed at 63lzc, declined to 631sc advanced
10 631zc, and closed at 631A6D631ac.
l. Commission house liquidation on the con-
g gnueo 1aVorable weather and lower cables
depressed corn. There was no evidence how
ever, OF any general weakening on the part
OF heaviest longs who appeared willing to
wait until the fickleness of the weather
snould do something to help them out The
country parted more freely with corn A
Ieature or the days business in the pit was
selling by elevator people against purchases
IN the J59l cooGMEntry September opened &c lower
at 3212Q325sc, declined to 3214c and rose to
S21ac, asked at the close.
In spite of considerable buying of the
May Iuture by the oat meal trusts, oats put
in the day following corn and prices barely
held their own. September began I'M
changed at 914c. declined to 2O3sc and
closed at 20ss@231s
=, Packers were sellers Of provision early in
the session and one or two scalpers bought.
Inc latter squirmed about during the re-
matnder of the session, endeavorifle to nm
load on some one else. The market was kept
Under the Influence of the yellow quarantine
nag by illusions in the news to-day of
fever among the troops coming to Montauk
Packers reported a heavy cash trade. Sep
TENDED pork opened TIC lower at $9O2ib
SOLD down to SS.95, and rose to 50 at the
row. ~
Estimated receipts for to-morrow-Wheat
~ cars; corn, S4S cars; oats, 292 cars; hogs
1000 head. s1'
Leading fIlt1lras IN mead or. ea11a=z...