The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-07
WHEAT CLOSED HIGHER
OUTSIDE MARKETS STRONG AND I'M
PROVED EXPORT DEMAND.
Corn Showing q Better Undertone,
Largely ON Reported Crop Damage
:Provisions Scored Gains.

CHICAGO. Sept. e.-wheat was Influenced
by the strength of outside markets and by
the Improvement in the export demand. II
ruled strong all day and closed ssQ%c
higher. feature was the continued buy
ing of September by elevator people. Corn
closed &c higher for September, but shade
lower for December. Oats closed 1qSsc
higher and provisions 121sc higher for Oc-
tober products.
Wheat opened unchanged for December
and a little lower for September, the latter
on account of the heavy receipts in the
Northwest. Little wheat was offered for
sale, and shortly after the opening the
change in the aspect OF outside markets,
which have been relatively weaker than
Chicago for some time past, but which to-
day were comparatively stronger. induced
some covering by the more timid shorts.
and a good advance In price took place.
December opened at 711sc and advanced to
711zG1%c, while September, opening &c
lower. at 6e5sc, advanced to 70ssc- The adj
vance was sufficient to induce realizing.
which carried prices back fractionally. but
after long period of comparative dull
ness, during which December hung around
1Ad1ssc. the continued strength Of the
Northwest and other outside markets and
the Improvement in the export demand in
creased the volume of trading in the specu-
lative market and again advanced prices.
The strength shown by September was es-
pecially noticeable. There was a good de-
mand for this from elevator people and
shorts, and the spread between September
and December narrowed to 11sc. The
strength was IN spite of = liberal country
movement and free offe--.gs. Minneapolis
and Duluth received 40 cars, against 373
last week and $50 year ago. Chicago re-
ceipts were 2O5 cars, 10 of contract grade.
Total primary receipts were 95s.0o0 blu. COM
pared with 1.364,Oo0 bu a year ago. Allan
tic port clearances Of wheat and flour ag-
gregated 10000 r.. New York reported
anywhere from so to ~ boatloads worked
for export. and Duluth reported 100000 bu
Of that amount worked from there. Brad
street reported an increase In the world s
visible of 2.525.0o0 bu. This was unexpected
| but had little effect. Buying by shorts was
quite heavy during the late trading. and
| best prices OF the day narrowed shortly
before the close. December advanced to
1%c and closed at .n%@7l%c. September
Corn was firm for September and about
steady for deferred futures. Reports OF
serious damage by hot. dry weather were
L
one-fourth, helping the corn shipper that
much. A premium over September was bid
| for cash, but II was difficult to get. Re.
ports of rain in Illinois and a general de-
sire to realize caused an easier feeling dur
| ing the latter part Of the session. Receipts
were Oil cars. December ranged from 2s7sc
| 1Hc.
| fair general trade was done in oats
| Prices In the main were influenced by the
! action Of wheat and corn and ruled a little
higher throughout. Shorts were good buy.
| ers. with September IN the most demand
| Receipts were 504 cars. The shipping de-
mard was good. December ranged from
| 201sc to 20Ac. and closed &c higher. at 20I< c
/ 2O5sc
Provisions were fairly active and strong
helped mostly by excellent cash de-
/ mand particularly for lard. There wa.
| some realizing through commission houses
| but prices advanced steadily under a good
general demand and closed at about tn,
| top. Gables were higher and confidence IN
| present market prices was expressed. A
| the close October pork was 12lsc higher, a
| $S.25: October lard, 5d71zc higher, at $50
| Q5.3711; October ribs, 121kc higher, at s5.321.
| @5.35.
Estimated receipts for Thursday-wheat
| 40 cars: corn. $50 cars; oats, 415 cars; hogs
| 1900 head.