The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-08-14
WHEAT LEADS MARKET
RAINS RULE STRONG IN CHICAGO
PIT, BRINGING BETTER PRICES.
wheat Closed at 4 to 4 5-Sc Higher,
with Corn and Oats Up a
Fraction.
ACTIVE TRADE IN WHEAT
FIRM FEELING SEEMED To PREVAIL
FROM THE START.
Good Advances in the ~Orthwe a
FactOr-PrOvision Market Prices
Were Irregular.
ACTIVE TRADE IN WHEAT
FIRM FEELING SEEMED TO PREVAIL
FROM THE START.

CHICAGO, Aug. 13.-Under the leadership
of wheat the grain markets ruled strong to-
day, September wheat closing 11G1Sc high
er, September corn up a fraction and oats
vi A@sc. Provisions closed irregular. the
September products being from 2isc lower
to sc higher.
There was a big trade in wheat through
out the entire session and the firm feeling
which prevailed from the start became de-
cidedly strong towards the close. the final
figures being at about the best prices of the
day. The opening was firm on strong Euro
pean cables and a continued light move
ment, September being &c to B@Ac higher
at SO%@sO1.c. During the early part of
the session liquidation on all advance was
in order, although the sentiment in general
was bullish, and this selling had a tendency
to check the upward trend of prices. After
selling off to SOAc September began to ad-
vance gradually and toward the latter part
Of the session the market turned extremely
strong on good advances in the Northwest
markets. due to an advance in the price of
flour at Minneapolis. Coupled with the
stronger outside markets was a better ex-
port demand at the seaboard, both of which
influences started shorts covering, resulting
in a strong close. After selling up to SIC
September closed 113Q15sc higher, at Sl1sc-
Clearances of wheat and flour were equal TO
316, 500 bu. Primary receipts were 5O4,6OO bu,
against GA, 200 blu a year ago. Minneapolis
and Duluth reported receipts of ninety-slx
cars, which, with local receipts OF eighty
nine cars, twenty-three of contract grade.
made total receipts for the three points or
1S5 cars, against 209 cars last week and Az
cars a year ago.
The opening in corn was firm, with a good
scattered demand. due to higher cables and
the bull sentiment of yesterday, but the
vorable for the growing crop and the early
firmness was soon dissipated by selling by
several large commission houses. The mar
ket held rather easy until the close, when
the strength in wheat caused a slight rally.
After ranging between 52tsc and 5olsc Sep
TENDER closed a shade higher at 52NQ53c.
Local receipts were ITO cars. ten OF con-
tract grade
Oats moved In sympathy with the leading
grains, although the market had some in
dependent firmness, based on reports of dis
appointing threshing returns and light re-
ceiptS. Trading was only moderate ana
the market exhibited no special features.
The close was firm, September being up &c
to sc, at S31sQ334c, after selling between
Provisions held fairly steady in spite of a
dull trade and liberal receipts of hogs, with
a decline of &C to 10c in prices at the yards.
Packers sold pork and there was some loss
shown in that product. The poor demand
for cash and increasing stocks or lard, ac-
cording to private estimates, was a bear
factor. September pork closed 21zc lower at
S13. %, September lard was &C hlgner at $S.O5,
ribs were up 21ac at Sl.S5.
Estimate receipts for to-morrow-Wheat,
10 cars; corn, $50; oats, go; hogs. 10000
head.