The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-10

CHICAGO. Sept. s.-Cereals acted bullish
to-day. The often-predicted big movement
OF wheat Northwest failed to appear. the
weather worked against the maturing corn.
and stocks Of grain generally were decreas-
mig to bullish degree With these con-
dit,ons and more outside business develop
ing. the bull view from a market spread,
and after early dips prices closed firm,
september wheat sc up, December wheat
Ease higher, September corn sake high
er and December oats 1zqssc higher. Janu-
airy provisions closed 215c lower to cents
higher.
wheat paused moment early in trading
before making an end of the bearish mar
ket that has prevailed for several days.
Tho cause probably was the dip in corn
Soon. however, several very good bull argu-
rhents were considered. and although at no
time was the bull movement strong yet the
( session ended with good advances. Cables
were unexpectedly firmer. and the big re-
celpts heralded for the Northwest dwindled
down to insignificance when the figures
were put on paper. A leading elevator
mouse started good buying movement.
ana gradually most of the crowd followed
AFTER statistics were somewhat bullish
Inc northwestern wheat stocks have de-
creased S,sZ4OO bushels; receipts are still
running much under last years figures, al
tnoush locally there was an Improvement
to-oay: Inc worlds visible supply in
creased $4,000 bushels, but the poverty
or quality in receipts did much to coun-
teract any bearish influences from that
quarter There was some disposition to sell
May stun, but In spite of the dull spots in
the market the general sentiment favored
puyins and was augmented late in the day
py an excellent export demand. The wealth
eF IN ehe spring country. which is yet much
wh1at started aQAc lower at 1d7O7sc
reacted TO 1Bc, and closed firm &c
se. eat at 7l%c, December sold from Sc
urn. 13qasc up, at 6Shq6S7sc. Local re-
ceipts were SOB cars, only three of con-
tract grade; Minneapolis and Duluth re-
the three points of 1,215 cars, against 1856
last week and ], 707 year ago. Primary
receipts eel were 1,S25OOO bushels. compared to
ll,oeS.OO0 bushels last year. Seaboard clear
ances In wheat and -four equaled 7Ol 600
nine loads taken for export
Corn ruled firm, but the market showed
no great change in prices. At the outset
prices fell of, but the light frosts in Ne
prasKa and Iowa were not of the damag-
/ early drive by prominent bears to break
| prices, something that has occurred reg
ulariy Tor several days past. The weak
| ness, however, was only momentary In
| herent strength in the corn situation start
| ed good buying and there was rapid an
ssorp.ian OF offerings The principal bullsh
| ings, nrm cables and reduced stocks. All
| the news was not bullish, for the South
| west was expecting an increased move
| ment soon and warmer weather was pre-
dicted Leaders felt, however that the
| cool weather and rains. even without frost
| were against the hardening of the corn
| Iowa especially has had too much rain.
| December sold off early to 4214c on short
| driving but closed firm, &Q5sc I'D. at 430
| 4S1sc. September sold between 56%c and
1 5I1sc and closed asc up at 579sc Receipts
| were liberal at 279 cars, 40 of Contract
grade.
Trade In oats was light, but prices adj
| vanced with other grains. Early Offerings
| brought slight dips. Standard OATS in
| store increased $4,000 bushels, but ali told
| there were only 10000 bushels of this grade
| here Iowa crops were reported hurt TO
some extent by the heavy rains. Septem-
| Der sold from 33%c to a firm close. ssG1Ic
| higher, at 34%sQ3i12c. December sold early
| at 3Oasc, advanced to 311Ac and closed firm
| 12Qasc up, at 3lssc. Receipts were 476 cars
| but orly six were of contract grade
| Provisions ruled dull and sIightIv frnnar
| with hogs Fluctuations were very mar
| row. January pork closed SC up at sl4 o.
January lard &C higher at IS 40 and Januarv
| ribs 213c higher at S7S5.
| Estimated receipts for tomorrow. Wheat
! 1S5 cars; corn, 50 cars; oats leo cars: hogs
/ $4,000 head. S''
4 f,,r,,