The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-05
GRAIN TRADE IRREGULAR
PRICES FLUCTUATED on THE CHI
CAGO BOARD OF TRADE.
Some Options Lower Because Frost
Scare Was Not Wholly Warranted
Spring Wheat Poor.

CHICAGO, Sept. 4.--Grain trade was of
an irregular and haggling nature to-day.
Yesterdays prices doomed on the expecta-
ton of frosts, but to-day when the frosts
were reported prices tended toward recess
sions because the frosts were not hard
enough and because warmer weather might
be near. There was good support in wheat
for time by a big elevator house which
helped near futures somewhat. Crop pros
poets, however, worked against prices for
new grain. and at the close September
wheat was &c up, December AGssc down.
September corn sc higher, December 7sc
lower. September oats &c lower and Decem-
Der sc off, Provisions closed 21ac higher to
sc lower.
There was only a fair trade in wheat.
Early prices were rather steady, but when
1t was learned that the frosts that extended
as far south last night as Sioux City. Ia,
had done no damage prices slipped off
trifie. September held frmer than Deem
Der all day. Gables were only a little high
er and showed scanty response to yester-
days local bulge. Commission houses sold
freely and lost much of the gain made by
good elevator buying and the falling off of
receipts. Grading of spring wheat con-
tinued to be something of factor. There
was no contract stuff received here to-day
condition that has prevailed for several
days. The Northwest complained of slow
movement because of bad weather condi-
lions. September started sake lower to a
shade higher, at 71asq15sc, and on the pur
chase of over 100000 blu of December for
elevators advanced to 722sc The close,
however, was only trifie firmer, 1sc up. at
7lS471&c. December sold from 677sG6Sc to
6Sssc and closed weak, A@3sc down. at Csc.
Local receipts were 245 Minneapolis
and Duluth reported 266 cars, making a to-
tai for the three points of 511 cars, against
800 last week and 1,091 cars a year ago. Sea-
board clearances in wheat and flour equaled
766, 900 blu.
Corn started out much weaker than had
been expected in consideration of the colder
weather. Sentiment was bearish, the dis
tant futures being sold for profits on crop
prospects. September declined early but
soon ruled stronger on a small demand. 1t
seemed that much of the apprehended dam
age from frosts was offset yesterday. Sep
TENDER sold early at 5711c, but, aided by
wheat, advanced to SEC. December fell from
1850 to 422sQ42Ac and closed weak, &c off,
at 42a.c. September held it's firm tone and
closed &c up, at $3.50. Receipts were
eighty-one cars, eight of contract grade.
Oats ruled lower, with little of interest to
mark trading. A leading bull house let go
of a considerable quantity sentiment was
bearish, trade dull and buying was only
scattered. This induced lower prices and
September fell from 355sc to $3.50 and closed
weak, &c lower, at 341kc December sold
from 3113c to a weak close sc down, at 31c
| Receipts were 2S9 cars, only five of standard
grade.
Provisions were dull and somewhat
| steady. Lard was sold freely and was
about the only feature. Weakness of hogs
Influenced a dip in all products, but support
of the nearer options held prices firm. jan
| uary pork closed 21ac up, at $149O; October
lard sc down, at $9.e711 and October ribs
| 2l1c up, at $3.50.
| Estimated receipts for to-morrow-Wheat,
| 1l0 cars; corn, IS cars; oats, $50 cars; hogs,
| $4,000 head.