The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-04
FROST SPURS ALL GRAINS
COLD BLIGHT IN CANADA PUSHES UP
CORN ESPECIALLY.
Wheat and Oats Rise in Sympathy
Government Report, Too, Helps the
Bullish Movement.

CHICAGO. Sept. s.-Frost just over the
Canadian border and fears that 1T would
drop down as far as Iowa tonight put corn
shorts in a state of fright to-day and
brought good bulges in all grains. The ad-
vances in wheat and oats were largely in
sympathy with the strength in corn. There
was a good general trade and at the close
both September and December wheat were
up 1bc, September corn 1sc up, December
corn 1c higher. September oats 11sc higher
and December oats Sc up. Provisions
closed unchanged to 1oc down.
Corn was leader both in point of price ad-
vance and trade. With killing frost at
Haver. Manitoba, and predictions that the
unripe corn would suffer before tomorrow
morning, corn was wanted in large quanti-
ties to cover contracts. All other condi-
lions save weather were ignored. Offerings
were exceedingly small and at once prices
stiffened. The Southwest was big buyer
and commission houses as a rule had buy
ing orders. The government crop report
was moderately bullish, stating that corn in
Iowa and eastern Nebraska needed a month
to mature. Gables were little higher, but
receipts showed a little Improvement. Sep
strong. 11sc up. at 5Shc. December sold
from 1870 to 1880 and closed strong. 1c up,
at 1880. Receipts were 149 cars.
Wheat had good strength all day, as the
frost scare did not have as much effect as 1t
did in corn. Buying of December by COM
mission houses and traders generally was
of the best character. Offerings were
scarce and in the main were by the pit
crowd for profits. Traders were nervous
over the possibility of injury to late wheat
in the British Northwest While weather
conditions overshadowed all other factors.
the fact that not car of contract stuff was
received here to-day had Strengthening
effect. September wheat started Bc to 14c
up. at 7O3sc to 70%c, and advanced to 712c
December sold from STAG to 6Ss4c. The close
was strong, both September and December
being 1Q1isc higher. the former at MA
7lssc. the latter al 6SAQ6S3sc. Local receipts
were 53l cars. Minneapolis and Duluth re-
points of 945 cars, against 435 last week.
Bradstreets reported the worlds available
supply increased by 100000 bu. Seaboard
elearances in wheat and flour equaled $4,000
bu. The seaboard reported twenty-nin
loads taken for export. Deliveries on Sep
TENDER contracts to-day were only $1,000 blu.
oats stihened in sympathy with corn and
wheat. Receipts were large at ia cars, but
of these arrivals only eleven were of con-
tract grade Commission houses took late
months freely, covering went on to a good
extent and there was some buying because
OF poor grading. After a steady opening
prices advanced well and the close was
strong. September sold from 34Ac TO 35Iac
and closed 1lsc up, at 35hc. December sold
from Bic to 3l5sc and closed sc up, at 315sc
Hog products ruled steady. There was
weakness in the hog market at the yards
and october stun was offered early. Some
demand in January induced by the frost
scare in corn helped in a rally. January
pork closed 219c up, at 4.S712; October lard
down, at $9.S71A.
Estimated receipts for to-morrow-Wheat,
rs cars; corn, 10 cars; OATS $50 cars; hogs,
$4,000 head.