The Indianapolis journal., 1902-08-04
ALL GRAINS ARE HIGHER
MUCH BETTER TONE IN ALL THE
PITS AT THE WEEKS END.
Gains Range from 5-sc in September
wheat and Oats to 1 1-Sc In Corn
Provisions Also Are Better.

CHICAGO, Aug. All speculative mar
kets on the Board of Trade closed the week
with strong rally a tone much better
than had existed for weeks made itself
manifest in a healthy active trade in most
of the grains. and although the country
side was not heavily in the market there
was promise for much better business with
the bugaboo of the July corners laid at rest.
Scarcity of contract grains for immediate
marketing-wheat, corn and oats-made
the shorts feel uneasy all the session, and
although receipts in wheat still exceeded
those Of last year, the excellent cash de-
mand. especially for corn and oats. brought
higher closing prices all around. At the
end September wheat gained ssd%c, corn
1q11sc and oats ssqAc- September pro-
visions closed 15d271zc higher.
BearIsh conditions were arrayed against
wheat prices at the opening. Receipts To-
cally were one-ffth more than were ex-
pected. the weather was excellent and the
talk was for good spring crops Liverpool
had holiday, but London and Paris were
firm, and September showed only slight
easiness on first sales. Contract arrivals
were almost nil, four cars to-day out of
S57 cars received. This started much COM
ment and gossip, which had a trend toward
curtailed receipts soon now that the rush
of new wheat to market was supposed to
be over, and caus~ scurry among shorts
10 cover. New York and leading bull inter
ests were buying September freely, and in
consequence good advances were made
quickly. Liquidation at top prices brought
slight dips, but the local sentiment was so
bullish that the close was strong. Much
OF the strength came from the absence of
free offerings. No. 1 Northern cash wheat
Lee
The near option was bought more literally
than December and advanced over the win
ter month from 1c yesterday to 15sc at the
close. September opened sc lower TO &c
higher, at 697sQ70isc, sold TO 707sc and closed
strong and ssQ14c up at 70SsQ7OAc Mime
apoliS and Duluth reported I'D cars, a total
for the three Northwestern points of 459.
against 4ol last week and 4l6 a year ago
Seaboard clearances In wheat and flour
equaled 279,00O bushels Primary receipts
were 1,O5i,OOO bushels, compared with 96O 900
last year.
Corn receipts amounted TO only fifty
eight cars. two of contract grade. With
such scanty receipts as this market has
had for the last week and with still smaller
estimates for next week. there was natural
ly very little stuff TO offer in the pit Pri-
vate elevators turned out nothing The
cash demand was excellent and in addi-
ton the Fasteners. who expected TO be
flooded by the outpOuring of cash corn
that was brought TO market by the July
corner, found their stocks so depleted that
cure stuff. Still another bullish factor was
the buying by the houses recently heavily
interested in July oats. There was no sell
ing, save near top figures for profits, and
the result was a strong and steady ad-
vance. September sold from 56lac to 5Sc
and closed strong, 1Gl3sc up at 57@tQ577kc.
Oats were In excellent demand and the
pit ruled firm and active. The frmness I'm
other grains and the premium OF l0c for
some cash grades over September options.
with a good cash inquiry for shipment.
pushed prices up. There was little profit
taking, but the bull sentiment ruled upper
most September sold from 32i1c 10 33Isc
and closed firm at ssQ24c higher, at 327sc.
Receipts were liberal at III cars.
Provisions were fairly active and for a
time unsettled The weaker hog situation
and pork selling depressed prices early. hut
a very good demand for lard and the re-
duction OF stocks during July Influenced
late buying and prices closed strong Sep
tember pork closed l5c up at Sl6S5: lard
Isc higher AT SlOs21z. and ribs 2715c up at
slO55
Estimated receipts for Monday: Wheat
go cars. corn. 40 cars: oats. 40 cars. hogs
5000 head