The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-27
SEPTEMBER WHEAT Is UP
BUT JULY WHEAT AND ALL OTHER
GRAINS SHOW DECLINES.
Fluctuations Are Erratic ON the
Varying weather Reports-Severe
Breaks In Hog Products.

CHICAGO, June 26.-Liquidation was
quite general in the grain and provision
pits to-day and prices fluctuated nervous
ly. July wheat closing 11c lower while
September was &c higher. September corn
was down sake, oats were off 14c and pro-
visions from 1719c to &C.
The main influence in the wheat pit
to-day was the weather map and on re-
ports of rains at Winnipeg and at various
points in North Dakota and Minnesota
there was heavy selling pressure at the
opening with July 1sG5sc lower at S21xc to
SIC, and September a shade higher to so
l5c lower at 79A6IT9%c. The liquidation con-
tinued during the first hour, in which time
ing off to S1ssc and September to 7SAc
Toward noon a good demand developed on
reports that rains were very much needed
throughout the Northwest, the showers
last night having been only of light char
acter. There were fair buying orders from
the Southwest and with higher prices at
st. Louis, Minneapolis and Duluth the
market quickly responded and became quite
strong Trading was heavy. There was
renewed liquidation within the last half
hour and July closed 12c lower at S25sc,
at S0QS0lsc, a gain of CSC, after touching
S0ssc. Clearances of wheat and flour were
equal to 10000 bu. Primary receipts were
669, 200 blu, compared with 10000 a year
ceipts of PSI cars, which, with local re-
ceipts of 81 cars, none of contract grade,
made total of 314 cars, against 279 last
week and 295 year ago.
Corn sympathized with wheat and the
early weakness in the latter market
brought out considerable liquidation, while
more favorable weather conditions also
aided in bringing out selling orders. There
was little corn wanted except by shorts,
who covered freely on the decline. With
the recovery in wheat corn advanced and
much of the early loss was regained. The
sentiment was still bullish on the crop
prospects. After ranging between 507sc and
5l3sc July closed at 5lAc, net loss of 80
&c. September was off $Gzc, at 51hc, after
ranging between 5011c and 51ssc. Receipts
were $50 cars, forty of contract grade.
There was an urgent demand for July
oats from shorts at the start and the price
of that delivery was very cratic, opening
from 1sc lower to 1ssc higher, at 43c to 44l1c.
The demand. however, was soon satisfied
and prices became more settled. Other
months were comparatively steady, with
light trading. July closed &c lower. at 43c,
TENDER was off Ac, closing at 341sq3i5sc,
after selling between 344c and 34Bc. Re-
ceipts were 1S4 cars.
Provisions were quite firm at the opening,
Influenced by the better tone of the hog
market but the weakness in grains, heavy
mand caused severe break in prices and
the market ruled weak the greater part of
the day. Pit traders who bought on the re-
cent decline were the best sellers, while
buying was scattered. but mostly for out
side account. September pork closed at
loss of 65c. at SIC; lard was off 17Izc, at
IS. i21a, and ribs were down 20c, at $685.
Estimated receipts for o-morrow--Wheat
25 cars; corn, 525; oats, 215; hogs, IL,
head.