The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-09-29
BRIEF WHEAT FURRY
PRICES ADVANCED &c AND THEN
FELL BACK TO OPENING PRICES.
Rather Heavy Market Resulted in
Small Declines in Corn and Oats
Pork Is IL 1-2c Lower.

CHICAGO. Sept. pa furry in September
price of the September option ranged all the way
from Csc to zoe. but wound up at the end at
6SAc The closing price Of December wheat was
6S%c precisely the the final figures yes
terday. Corn lost 1sc and oats &c. Pork declined
12&c lard TIC and ribs &C.
Wheat opened at A9ssc decline from yester-
days closing price, influenced to some extent by
the unfavorable weather. liberal Northwest move
ment and the fact that cables did not show as
much strength expected. in view of the sharp
rally here late yesterday. 1t soon developed
however. that September was in good request
and a very moderate supply, selling up 1%c to
roc. The advance affected the rest of the list
which sold up in sympathy. Cash values in the
Northwest ruled firm and this was also factor
Yesterdays coast business was immense 124O 600
bushels, and exports also made good showing
aggregatng 1000 bushels. New York wired that
the United Kingdom and continent were buyers
to-day and that acceptances were again fairly
liberal. Foreigners were also credited with pur-
chases in this market. Primary receipts were
$4,000 bushels less than year ago. notwithstand-
ing liberal arrivals in the Northwest. The bear
ish showing of the Liverpool closing cables
created a change in sentiment and prices here
receded although Paris closed 5@10 centimes
higher. September in New York turned weak late
in the day. selling off nc Duluth also ruled
easier, declining 1c. Local longs liquidated and
final quotations here around the bottom
price. Northwest receipts were s97 cars, against
LIS yesterday and 912 week ago. Local re-
ceipts were 241 including 1869 cars of spring
wheat of which II cars were of contract grade.
Receipts at Western points were 1S6O210 blu,
against ,042 last year, and at Eastern points
671,640 blu. September opened unchanged at 6SAc,
sold up to zoe and closed at 6sAc asked. Decem-
Der opened &c lower 64ssc, sold up to 64%c and
closed at 63%@63Ac.
Corn lost all the improvement of yesterday and
Sc besides. 1t was chiefly affected by the, course
of the wheat market The receipts 54p cars.
against $40 estimated yesterday and 422 received
the corresponding day year ago. Estimated
ceipts for tomorrow 100 cars. A fair inquiry
for shipments was reported, but buyers and SELL
ers apart in their views of price early in the
day. Business was fairly active. but throughout
there appeared a general disposition to drop long
corn. December opened nc higher at S0lsc. sold
up to sO4c and closed at 2s%@297sc.
Oats were traded in moderately and the market
showed strength early, prices advancing 1s@Ac
over yesterdays close. Weakness developed later,
however, and prices closed with loss of 1s@Ac
on the day. May opened &c lower at 227sc sold
up to 23Ac and declined to 22&4 22sc at the close
Provisions had against them very heavy
ceipts of hogs, and that together with the yellow
fever reports and shilling decline in the price
of bacon at Liverpool. caused heavy market
January pork opened about unchanged at $9.071a
@e2O sold up to 1920 and closed at s9.O7i5. jan
uary lard opened 21ac higher at $780, sold at $3.50
@4.92k and closed at s4s71s. January ribs opened
unchanged at $4721zq4.75 sold up to s4.75 and
closed at s4.721h.
Estimated receipts for to-morrow-Wheat, 245
cars corn. $50 cars oats, $50 cars; hogs, 1870
Leading futures ranged as follows: