The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-19
AGAIN THE LEADER
GOOD FRACTION ADDED TO THE
PRICE ON HEAVY TRADING.
Wheat Also Closes Higher and Oats
Are n Shade Up-Provisions Are
Quiet, but Generally Firmer.

CHICAGO, June 1S.-The corn pit was
again the center OF interest on the Board of
Trade to-day, and prices showed good ad-
vances, July closing nc higher and Sep
TENDER AqAc higher. September wheat was
UP sc, oats a shade better and provisions
unchanged 10 7kQ10c higher.
Trading in wheat was fairly active and
the market was strong the entire session.
Opening prices were steady with cables,
July being a shade to hc higher, at 764c to
76AQ76ac, and September a shade lower
to a shade higher, at 74Isc to 74Ae. A rather
easy feeling prevailed shortly after the
opening, due to free selling by commission
houses, the favorable weather being the
chief factor. Under this influence July sold
off to 76hc and September to FAC, but the
weakness was short-lived, the strength in
corn bringing about a rally. Bullish crop
reports from the Southwest and Northwest
and bad reports from France aided the up
turn, and the market became strong, July
advancing to 77ssc and September to 75ssc.
Liquidation was quite general the last hour
and much of the advance was lost, July
closing at 1850. a gain of Sq1c. September
was up sc, at 4&@74Bc. Clearances Of
wheat and flour were equal TO 174,1 100 blu.
Primary receipts were 29S. 600 bu, against
3s4. 400 blu a year ago. Minneapolis and Du-
luth reported receipts of 23S cars, which,
with local receipts of &c %cars-none of con-
tract grade - made a total of 26i cars,
against 25 last week and 214 a year ago.
The price of corn continued to soar and
advances of over a cent were made in both
July and September, although much of the
gain was lost before the end OF the Ses-
sion. The volume of business was large,
and. although there was heavy liquidation
going on the greater part OF the time, 0ner-
ings were readily absorbed, and not until
within the last hour did the price show
any weakening. Sentimental reasons were
responsible for the continuance of the bull
demonstration, as weather conditions were
most favorable, with prospects of a contin-
uation. Country offerings were small and
the cash demand was good. After selling
between 50hc and sligo. July closed hc
higher, at 50%c. September closed with a
tween 49Ac and 5O7sc. Receipts were ass
cars, % of contract grade.
other features in oats and caused a strong
market throughout the day. Trading was
active and general, with shorts covering
freely on the upturn- The market weak.
out by realizing in corn and wheat, but
July closed bQAc higher. at 39Ac. after
selling between 1850 and 40kc. September
was a shade higher, at 334Q33Bc, after
ranging between 33%c and 34asc. Receipts
were 40 cars.
There was little disposition to trade one
way or the other in provisions. and prices
showed scant fluctuations. The early mar
ket was easier on selling of lard by brok-
ers, but prices firmed up later on the
strength in grains. September pork closed
71zd10c higher, at 1855, lard unchanged at
$S.97h. and ribs up 2zc, at $3.50.
Estimated receipts for Tomorrow: Wheat.
30 cars; corn, $50 cars; oats, 40 cars; hogs,
24,0o head.