The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-11
PRICES VERY STEADY
AFTER DULL TRADING ALL GRAINS
ADVANCED A SHADE HIGHER.
Weakness characterized Provisions
Hogs Declined and January Pork
Closed 1-2 Cents Down.

CHICAGO, Sept 10.-Speculators In the
grain markets played something of a wait
ing game to-day pending the issuance OF
the governments crop report. Weather
conditions were sufficient to start liberal
selling early in the session. but small
ceipts of wheat short stocks of corn and
good support in oats kept prices very
steady Contract grades were almost in
visible. and tended TO aid the markets
AT the close of somewhat dull trading De-
cember wheat was a shade up, September
corn Sc higher. December corn hc lower.
September oats 1sQ14c up and December
oats shade higher. Provisions closed
21aQ7t2c down.
Scarcity OF spring wheat was the prin-
cipal steadying factor in the wheat pit
Cables were firm, but weather was about
what could be expected. An attempt was
made early to break prices by sales of
over 100000 bushels by a leading elevator.
The fact that there was no appreciable
slump on this drive seemed to indicate to
the bulls strong position of the principal
grains. In consideration of this influence
and the small Northwestern and primary
receipts and a developing good export de-
mand prices rallied. The character of the
buying after the early pressure was very
good, but fluctuations were narrow. De-
cember started hMAc lower to a shade
higher at 6sis96Sssc, sold to eS%c and
Closed steady shade up, at 6sasc. Local
receipts were 1S4 cars, OF contract grade;
Minneapolis and Duluth reported 1853 cars,
making total for the three points Of SAT
cars, against 945 last week and 1lsO a
year ago. Seaboard clearances in wheat
and flour equaled $4,000 bushels. The sea-
board reported $50 loads taken for export.
the corn belt started a small early selling
movement in corn Cash corn had fallen off
last night and this was something of a
reason for lower futures. Country offerings,
more stuff started a firmer tone. A promi-
nent bull gave good support to the cereal,
especially September stuff. Cables were
OF good advancement toward maturity.
Late In the day some realizing sales took
the, edge off Of late futures. September
sold between 571sc and 5s13c and closed firm,
tsc up at 6sasc. December closed steady, Nc
lower at 421s9l43c. Receipts were 102 cars.
Oats received fair support by a leading
professional, usually identified with this pit,
and prices were helped against possible
slumps on the weather. Long holders had
small offerings, but they were taken in by
commission houses. Early trading was fair
ly active and bullish, but later this fell
off and business was largely of a scalping
nature. Strength In wheat and corn and
lighter receipts. together with much larger
ciedraHces, were the puillsn factors sep
TENDER sold between 341sc and Csc and closed
firm, 1sdAc UP at 345Sc. December sold at
3lAc and closed steady, a shade up at
3l3sa3112c. Receipts were 162 cars.
Provisions were very dull and ruled weak
err Lower hogs and q little outside selling
were the influences. There was only small
support at times. January pork closed nc
down at S14s71s. January lard 21ac off at
SS.3712. and January ribs 21ac lower at
sLS2la.
Estimated receipts for tomorrow: Wheat,
225 cars; corn, 100 cars; oats, 300 cars; hogs,
$4,000 head.