The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-03
GRAIN MARKETS DULL
FLUCTUATIONS WERE NARROW AND
TRADING OF, A NERVOUS ORDER.
Drop of 11-2 Cents In September
Wheat that Was Regained Before
the CIOse-PrOvisfons Higher.

CHICAGO, Sept. 2.-Trading in grains
to-day was of dull, somewhat nervous
nature. The fact that there was no con-
tract graded stuff to deliver on Septem-
Der wheat, corn or oats contracts Ga con-
dition that was expected had something
of bullish effect. Weather conditions,
however, were improved for both wheat
and corn, and as a result of the tame con-
fiict between these two factors In a very
narrow market final price changes were
slight. September wheat closed AG$c
down, December wheat unchanged, Sep
TENDER corn 1sc higher. December &c lower
and both September and December oats &c
higher. Provisions closed SC lower to loo
higher.
Wheat ruled steady all day with the
exception of quiet drop of 11kc in Septem-
Der options on free offerings by longs. This
loss however, was almost all regained on
a fair commission-house demand that de-
veloped the break. Opening prices were
firm and gains were made CT the somewhat
cooler weather Northwest and on the alb
sence of September deliveries. September
started Aassc to as@hc up at nAQnAc
and sold to 112c; December early made
gain of Ac. selling at 671sc. Outside or
ders were very light and business at times
was almost at a standstill. This brought
such a narrow market that when fair guam
titles of September were offered September
broke to zoe and December to 671sc. Heavy
seaboard clearances at l,11i000 bu helped
in the rally that took September to
slightly weak close, A@Bc lower at 701bc
and December unchanged at 67Ac. Local
receipts were 231 cars for two days, none
of contract grade. Minneapolis and Du-
luth reported 1,124 cars, making a total for
the three points of 1856 cars, against 759
one day last week and 1926 cars for three
days of year ago. Primary receipts for
two days were 2,111,000 blu, compared to
3,l35, 900 bu last year. The visible supply
decreased 277,OO0 bu. Breadstuffs on pas
sage increased 22ss,ooO bu. Worlds ship
ments were 9,S05000 bu, against S635 600 bu
last week and 9,336,000 bu last year
Despite the fact that in corn there was
nothing delivered on September contracts,
the opening was much lower. Warm
Cables were steady, however, and
after nervous break early Sep
TENDER was in fair demand and prices
rallied until ii gained on Saturdays closing.
figure. Trade was quiet in the main but
at times September was wanted when it
was not for sale The visible supply de-
creased 100000 bu. September sold from
57Q55Ac, fiuctuated widely for a time,
and advancing, closed frmer. nc up at
57ssc; December was influenced by the
weather and closed easy, nc down, at
1850. Receipts for two days were 40 cars
8 of contract grade.
over the fact that of the 10000 bu deliy-
cred to-day on September contracts none
was of standard grade. There was an
easy feeling at the start on the improved
weather, but a good demand in the quiet
trading advanced prices for net profits
September sold at $3.50 early, but closed
steady, 1sc UP, at 34ssc; December sold at
3Oas q30l5c, rallied to BIC and closed &c
up at 3lc Receipts for two days were
355
Provisions were firm at the opening on
an advance of from 10c to zoe in the hog
market. Fair buying and some support
sent up all the products excepting Septem-
Der pork and October and January ribs
Trade was light, but prices. with the ex-
ceptions named, closed higher. January
pork closed nc up at s14S5: October lard
sc to l0c higher at 9.72l5. and October ribs
| sc down at $9.S7n.
Estimated receipts for tomorrow: Wheat.
40 cars; corn, So cars; oats. $50 cars; hogs
| COO head.