The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-08-21
KANSAS CORN INJURIES
THE LEADING FACTORS IN A STRONG
AND ACTIVE MARKET.
Oats Also Score Material Gains-Wheat
a shade Down-Provisions Close
at Mixed

CHICAGO, Aug. 0.-Wheat advanced on
higher cables to-day, but reacted. closing a
shade lower. Corn closed AQ%c higher. oats
at a like advance. Provisions. at the close.
were TIC lower in pork, sc higher in lard
and 2lzG5c down in ribs.
A surprise in the shape OF an advance at
Liverpool came 10 the traders, when trade
In wheat began. 1t was in the face of a
radical slump here Saturday and shorts
were accordingly impressed. September
opened nc to &C higher at 72sc to 727sc, and
for a time held around those figures. Out
side people were the best buyers early,
while the local crowd seemed about equally
divided in their views of existing condi-
tons in wheat. The increase in the visible
and heavy receipts at primary points, later
in the session, caused selling by longs
under which September reacted TO nc. The
close was steady, a shade lower at 72q721sc.
New York reported twenty-nine loads taken
for export and five loads were said to have
been sold here. Clearances at the seaboard
in wheat and -four were equal to 100000 bu.
At primary Western markets receipts were
1.56l 900 bu, compared with $4,000 last year.
Minneapolis and Duluth reported 491 cars.
| against AIS last week and 327 a year ago.
Local receipts were 49i cars, eighty-one of
contract grade.
Corn was strong and active, under re-
peated assurances that the sun was blister
ing and whitening corn in Kansas and that
the yield bids fair to be the smallest in the
history of that State. Light receipts and
small country offerings were also factors.
1t was not so much a case of demand as of
lack of sellers. Late in the day, moderate
unloading Of corn, with the apparent inten-
ton of checking the advance, proved sue
%cessful, as the market reacted over a cent.
The close, however, was firm. September
sold between 40c and 3SAc, closing at AG2sc
over Saturday, at 3S&Q3SBc. Local stocks
decreased $1,000 bu, leaving only 500, 600.
The visible decreased 2,249, 600 blu. Receipts
here were ia cars. C~learances were ,109,-
600 bu.
There was a fairly good demand for oats
from cash people, but the market derived
most of it's firmness from the corn strength.
The Iowa crop was reported damaged in
the shock from rains. Local stocks in
creased 31S,000 bu. Receipts were 275 cars.
The market was not an active one. Sep
TENDER sold between 21Ac and 22q22bc, clos
ing AG$c up at &c.
Provisions were quiet. Early in the ses-
sion the market showed strength under the
influence of better prices at the yards and
light hog receipts. Packers were buyers
early. but later dropped out of the pit
Their absence and local selling later caused
some reaction, and the close was rather
easy. September pork sold between S1l.3
and sl1.O7hs, and closed 71c lower at 11.07h
September lard, between IS. 7O06. 72z ant
S6.67Ia. closing sc higher at $6.67z. and Sep
TENDER ribs. between S7.121z and 81, with the
close 2hq5c down at 81.
Estimated receipts, Tomorrow: Wheat
GAO cars: corn, 25 cars: oats, 49O cars: hogs
| 1000 head.