The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-20
FIRMER GRAIN MARKET
SHORTS WANTED CORN AND BIDDING
SOON ELEVATED PRICES.
wheat Took q Back Seat I'm the Trad
ing, but Maintained Its Position
provisions Unchanged.

CHICAGO, Sept. 19.-Corn was the active
deal on Change to-day. Heavy buying by
shorts, who were disturbed by the small
contract stocks and rumors of a squeeze,
advanced the September prize lsc. Decem-
Der closed ssa15c higher. W. at was steady.
under a good deal of bear news. and closed
unchanged to Ac higher. Oats advanced
about &c. and provisions closed at practi-
cally unchanged prices.
The opening in wheat was at a slight ad-
vance for December. that option starting
at Ohd7oSc, or isdkc over yesterdays
final prices. Outside of an Unexpectedly
small increase in the local contract stocks
there was nothing in the news to warrant
an advance and 1t appeared to be purely
the result of local sentiment. The small ad-
vance was almost Immediately lost. Heavy
selling, which marked yesterdays session,
and which was supposed to be the liquida-
ton Of some long lines. was continued to-
day. There was also some selling from the
outside. st. Louis and Northwest both being
in the market. For a considerable period the
December price hung around TVlsQfOAc, TO
which point II declined shortly after the
opening. Before IL o'clock the strength of
corn began to attract attention. Bullish-
ness caused by this was increased by re-
ports that q good deal of the buying was
for Armour. This scared shorts and caused
considerable covering. Offerings were light,
outside Of the long liquidation referred TO.
and prices f~uctuated rapidly within a COM
paratively narrow range, the market at
times exhibiting some nervousness. The To-
cal crowd. apparently. was long. and
though the posting of Bradstreet's figures
on the visible supply, showing an increase
of sos, 000 bushels. shook out some long
wheat. offerings were readily absorbed and
the spell of weakness soon disappeared.
During the afternoon the strength of coarse
grains was influential in the steadiness of
wheat, and although bear attacks were fire.
quent, prices were well maintained TO the
end. Primary receipts were heavy, 1852. 600
bushels, against 1865, 900 bushels a year ago.
Chicago receipts were 200 cars. u Of con-
ceipts were 1855 cars. compared with 1,ss2
last week, and $50 a year ago. Atlantic port
c~learances of wheat and -four were 10000
bushels. The seaboard reported 40 loads
taken for export. Little was done in Sep
TENDER. Interest in that deal had appar-
e eneSin aie 1r; out 7 ana p moss o oeP tbe ei Session 90 t1 ie
sold as high as 707sc and as low as Ohc.
December was bringing 7Oskc at the close.
Trading in corn was quite active, espe-
cially for September, in which a sharp adj
| vance was recorded. Shorts were active bid
ders from the start, but had a good deal of
up accordingly. The short interest. which
was evidently larger than supposed, was
disturbed by the small contract stocks, L.
05S, 900 bushels. There was also good buy
ing in December on the heavy rains. which
were expected to. reduce the movement.
Receipts were 1852 cars. September ranged
from 327sc to 3411c, and closed 1&c higher,
at 34ssc. December ranged from 2S7sc to
29AQ29$c, and closed S4hsc higher, at 2sAc.
Oats were helped by the strength Of corn,
ruled firm all day. Shorts were good buy
ers, heavy sellers of last week taking back
their lines. A good cash demand also helped
the speculative market. Receipts were 531
cars. December ranged from 21Ac to 21%@
2lNc. and closed Nc higher, at 2lNG21%c.
|! Provisions were dull and steady. SYM
pathy with the grain markets being the
main factor. There was a good demand for
meats. packers were on both sides of the
market. Prices kept within a narrow range.
| AT the close January pork was a shade
higher, at S.55G9.57ha January lard was a
shade higher. at $5.45@5. 47h, and January
ribs PIC higher. at A.97h.
Estimated receipts for Wednesday,
Wheat, 200 cars; corn, eco cars; oats, 260
cars; hogs, $1,000 head.
Il leading fl1furoS ran0od &C fo1lomS.