The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-08-08
STRONGER ALL AROUND
GRAIN MARKETS ADVANCED MOSTLY
ON WEATHER NEWS.
Rain Injuries wheat I'm England and
Heat Hurts Corn i'm kansas-PrO-
visions Make Small Gains.

CHICAGO, Aug. 7.-To-day's grain mar
kets were again largely influenced by
weather conditions here and abroad. Wheat
closed at an advance of A07sc, the factor
being the sharp advance at Liverpool, &C.
casioned by the wet weather in England.
Corn advanced AM3sc, Influenced by the
hot winds which are playing havoc with the
crop. oats advanced Ac and provisions
scored 2lkc advance all around.
At the opening in wheat and for a few
minutes after an exceedingly lively bust
ness was done, compared with the almost
utter ~stagnation of recent sessions. Early
quotations from Liverpool furnished a
big surprise to local traders. showing an
advance in that market Of 1A@lssd. The
advance was said TO be due to exceptionally
bad weather all over the United Kingdom,
greatly interfering with harvesting opera
tons. Opening quotations in September
ranged from about &c TO a full cent over
yesterdays closing prices, the range being
from 761kc to 76tac. But there the advance
stopped and it took but a few minutes OF
the heavy realizing which started at once
10 force prices back quite materially. Of
ferings for some time were heavy, long
wheat coming out in large quantities, prin-
cipally from local holders. though houses
with foreign connections were also promi-
nent in the selling. There were apparently
plenty of buying orders on the market at 76c
and under and the market was not often al
lowed to go below that figure up to the
noon hour, the lowest point touched up to
hat time being 1870. After noon the mar
ket, which had gradually become extremely
dull, became heavy also. The crowd was
evidently long and the market declined to
75%c. mostly from its W weight. Shortly
before the close reports of liberal export
sales gave a better tone to the market and
prices recovered somewhat, September adj
yancing to 76A bid. That was the price at
the close. Northwest receipts were 20 cars.
compared with 304 last week and 1879 a year
ago. Chicago receipts were $50 cars, 63 of
contract grade. Total primary receipts were
945. 900 bu, against 1000 a year ago. The
worlds visible supply increased LAG. 900 bu.
according TO Bradstreet. about what the
trade had been looking for. New York re-
ported export engagements of so loads. Sea-
board clearances OF wheat and flour were
put at 275. 900 blu.
corn was dull for the most part, but firm
at all times. The market opened strong
and higher on the continued hot weather
in the West, which was reported to be do
ing great damage TO the crop. Offerings at
no time were heavy, and the market easily
absorbed them. Country acceptances were
light and the shipping demand good. Re-
ceipts were 80 cars. September ranged
from SS1sc to 3SfsQ3SAc, and closed %Q%c
higher at 3Skd3SBc.
Oats were quiet but steady at a small
advance over yesterday, trade being in
fuenced principally by the strength de-
veloped in other grain markets. A feature
was the entire absence of country selling,
and most of the buying orders were from
that source. Receipts were heavy. us cars.
September ranged from 21&c to PC, and
closed &c higher at 21BQ22c.
Provisions were steady with q fair gen.
eral trade, with packers the best buyers.
There was some outside demand presum-
ably induced by the government demand
for meats. There were no new disturbing
developments as regards the yellow fever
outbreak. The cash demand was excellent
and had considerable influence on trading.
At the close September pork was 21zc
higher at $n.S71s. September lard 21ac high
er at s6.S5. and September ribs 211c higher
at S.15G71711.
Estimated receipts Wednesday: Wheat,
$50 cars; corn, 155 cars: oats, 335 cars; hogs,
5000 head.