The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-05
WHEAT HIGHER AT CHICAGO
Bulge of | Cent Yesterday. Which Was
Sustained to the Close.
Corn Also Higher, Having Gained SIC. While
October Pork and Lard Are Up q Few
P0ints-Markets Active.
TRADING AT CHICAGO.

Advance In Wheat, Corn, Pork and Lard
The F~irst-Named Cereal Strong
CHICAGO. Oct. A cent bulge in
wheat. sustained to the finish. was the
feature on Change to-day. Corn gained
&c. October pork and lard are up 12lo.
The presumably cornered October ribs
were stationary at last nights figures. De-
cidedly more life was manifested In wheat
b for some time past. The opening was
about A0asc higher han the closing fig
ures of yesterday, ruled strong. and prices
were advanced about $40 more, closing
steady within lsc of the top prices.
The improvement was attributed TO
stronger English cables and to the
decrease Iii the quantity of wheat
and flour on ocenn passage as reported
the estimate. The receipts i'll the North
west, too. show a let-up, and operators ex-
pect a still greater falling of in the move
ment in that section. The local sentiment
was very generally bulllsb, and there was
an exceptionally good class Of buying win
but little for sale. Reports from abroad
sald that the furnishings in England were
very disappointing. The wheat was OF
poor quality, and English millers were In
great need of dry foreign heat.
Corn was stronger and higher. The re-
ceipts fell considerably below the estimate,
while the shipping demand remains active
and the ont inspection continues heavy,
440, 000 bushels being reported to-day. An
other reason Tor the strength was found In
the strong tone which ruled In the wheat
and provision markets. Trade was liberal,
and though the buying was scattered the
aggregate was heavy. with only moderate
offerings. Country advices TO receiving
houses indicated a probability of smaller
receipts in the near future. The Liverpool
said that stocks there and IN
other British ports are light, and
that there is a likelihood of a
good export demand this winter. The dry
weather is reported as already atfectin 2
pastures in the w est and this would mean
q more liberal feeding of corn to stock.
Eastern markets are said to be poorly sup-
piled with corn, and there is a good de-
mand from that source. as IS evidenced by
the liberal daily shipments from here. The
heavy short lines have been mostly COW
cred, and assertions are current tbntrhe
big local players are now favoring higher
prices.
Oatsfollowed corn pretty closely through
ont the session, and were finally quoted at
from lsc to sc above recent figures. a
light general business was transacted.
The provision market opened with only q
light trade and hat was the condition of
the. market throughout the session. Firm
ness should perhaps be added to the days
market characteristics. The cliques in
command of the ribs and lard deals still
maintained their ~ascendeDcy and prevent
ed any trading, except of that character
which is usually described AS having n
string to il. Freights were steady at the
recent advance. A good business was done
at 2l9c 70: wheat and 24c for corn TO Buff
falo. Estimated receipts for tomorrow:
Wheat, $40 cars: corn. 625 cars; oats, 360
cars; hogs. $4,000. The leading futures
ranged as follows: