The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-28
WHEAT FIRM ALL DAY
FALLING OFF IN RECEIPTS GAVE AN
UNDERTONE OF STRENGTH.


CHICAGO. Sept. 21.-wheat was firm
from the beginning 10 the end to-day and
closed at an advance OF ssc. Tn falling
off in receipts at many heavy receiving
points attracted a good deal of attention
ard gave an undertone of strength TO trad
ing all day. Corn declined 1isc for Sep
TENDER, but was unchanged for deferred
futures. Oats declined sc for September
and advanced lsc for December. Provisions
were firm and closed 2laGal2 higher In the
futures most traded in.
Wheat traders were influenced at the
start by the action of the Liverpool mar
ket, which showed but a slight decline at
the opening there and soon recovered that
and more too. This, Notwithstanding yes
terday's decline. Northwest receipts were
comparatively light, but the impression pre-
| vailed that this was due to a scarcity of
cars and would be succeeded by correspond
ingly heavy arrivals later. and for the time
being had no effect on trading. The Liver
pool frmness was reflected by an opening
advance of Ease higher, December start
ing at 73A@73ssc. Under good buying. most
ly by local professionals, a further slight
advance took place. December getting TO
73l2c. Realizing sales caused a temporary
setback. December reacting to 731zc, but
the buying movement soon became quite
general and though no marked advance took
place the market was firm to the end Of the
session. A good deal of attention was given
to the small receipts at Toledo, st. Louis
s snfI i Rsnsas eit oy i ana la shey trading wsne oa Sc. q Lo shs
also reported 400, 600 bushels sold there for
export. The market, rather quiet at first.
cember gradually advanced to 73xc. There
was considerable realizing ut the pulgs and
some selling against calls and the price
| point 1t was steadily maintained, anj closed
firm at 1850 bid. September was seldom
session caused a decline to 7sstc, out be-
fore the close it had rallied to 74ssc, an
advance of sc over yesterday. Minneapolis
and Duluth receipts were 7s9 cars, against
receipts were las cars, none of contract
grade. The total primary receipts We're l.
bushels a year ago. Atlantic port Gear
ances of wheat and flour amounted 10 1885,
900 bushels. A good export business was
The selling movement was freest shortly
before the close, estimates of 3C5, $4,000
bushels for the French crop, the largest
ever known, having some influence on trad
ers.
Corn was quite active. firm for the more
remote futures, but decidedly weak for Sep
TENDER. There were heavy additions 10 the
contract stocks out of private houses and
elevator concerns offered freely, TIE price
declining sharply under the liquidation.
Early in the session there was also con-
siderable December liquidation, but later
that option became frmer. helped by wheat
and the immense export engagements of $50
loads. The receipts were 791 cars. Belief
that the contract stocks would be ample
by Saturday to fill the shorts Influenced
trading. December ranged from 24I2s3sc
TO 301sc and closed unchanged at 30c. Sep
tember ranged from 33c to 344c and closed
11ac lower at 33c.
Oats were inactive and steady. There was
a fair demand from shorts for December
and an inclination to dispose of September.
which resulted in a disappearance o. the
slight September premium. The December
strength was entirely with wheat. The de-
mand for foreign account was large end
LII loads were reported engaged for export.
December ranged from 22%c to 22A@23c and
closed &c higher at 22sc.
Provisions, though sluggish. were firm.
Liverpool continued to advance and there
was more outside trade. Most of to-day's
trading was confined to changing over from
October to January products. At the close
January pork was TIC higher at $s.s2h;
January lard nc higher at S.62h and Jam
uary ribs 21zc higher at $5.12.
Estimated receipts for Thursday-Wheat,
165 cars; corn, 800 cars; oats, 20 cars; hogs,
$1,000 head.