The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-01
MORE FEARS OF fROSTS
THEY IMPART A STRONGER TONE TO
WHEAT AND CORN.
Wheat Export Clearances Also n Good
Factor-Oats Close Lower and Hog
Products at Mixed Changes.

CHICAGO, Aug. 3o.-Fears of frosts and
other weather handicaps and big export
business in wheat and -four worked
against the dullness of an ante-holiGay
market in grains to-day Corn traders
were in tenderhooks over possible damage
to green cornfields. and as a result what
changes were made in the somewhat dull
markets were mainly on the bull side.
September wheat closed ssd1ac higher, corn
1sc up and oats 1sc lower. Provisions closed
sc lower to 15c higher
In spite of a small trade there was firm
undertone I'm wheat Freezing temperatures
still fingered on the distant northern
boundary of the Canadian Northwest, and
bear spectators feared frosts as a con-
sequence. Showers were general in the
spring country. Gables were lower, Paris
having lest cents in two days. This,
however, had little effect as did a consid-
cradle enlargement of receipts of new
spring wheat. There was a good buying
or December here, but most attention was
given to September, which on short cover
ing was lifted &c at one time. Statistics
were of little value, this day last year hav-
ing been holiday. The exception to this
was the report of $4,000 blu of wheat and
Hour cleared at the seaboard a bit of
news that materially strengthened the pit.
September opened unchanged to Nc up at
7OasQ7O5sc, sold to INC and closed firm SO
1ac higher, at 70AQ707sc. December sold be-
tween 67a@s71ac and closed steady &c up.
at 67Ac. Local receipts were 227 cars, Of
contract grade: Minneapolis and Duluth re-
ported 367 cars, total Of 594 cars. against
LOT Dr;v~
600 blu.
Corn was abnormaliy dull, but prices held
firm. Cash business was at standstill,
with no sales reported. There were no out
side orders received, and spectators were
not inclined to do anything on their own
tomorrow and Labor day. Receipts were
still small but cables were lower. There
was drop early in the day of full point
on the extreme dizziness, but later frost fears
brought rally. Advices from Kansas and
missouri were to the effect that corn would
be ready for the shelters in a few days.
There were no seaooard clearances. Sep
tember sold from sc to 57ssc, dipped to 56ssc.
and, rallying to 57ssc, closed steady, Ac up,
at 57hc. December closed Nc up at 427sc.
Receipts were fifty-seven cars.
was scattered covering early. melted chiefly
by rains in the Northwest, whence the
trade is counting on good oats. The trade
was not of heavy volume There were some
steady offerings by few longs, but they
were absorbed. September sold to 34ssc and
closed trife easy, 1sc down, at 34c. De-
cember sold at 31c and closed firm, Lc high
er, at 30hc. Receipts were 362 cars
PROVISIONS were dull and steady, with
fluctuations of narrow proportions Hogs
were wanted and prices at the yards were
higher. This brought rally from the lower
prices with which products opened. Lard
was in fair demand at times and worked
higher. AT the close September pork was
sc down, at $l7; January 2hc up, at $l4.771z;
SpDtember a
October 15c higher, at $500. September ribs
closed PIC higher at $10.27k, and October
&c up to $5.9211.
Monday being Labor day and a legal holi-
day there will be no session of the Chicago
Board of Trade.
Estimated receipts for Monday-Wheat.
800 cars; corn, 80 cars; oats, 325 cars: hogs
$4,000 head; hogs for the week, 12O coo head.
Leading futures ranged as follows: