The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-04
PROVISIONS STILL HIGHER
The Expected Scare Following the Al
tack on the Ribs Corner FIZzled.
Wheat Prices Firm and a Shade Higher, but
Trade Not Ac,ive-Corn Hardly a. Strong.
with Foreign News More Favorable.
TRADING AT CHICAGO.

Beerbohin Claims Europe will Need 9,00O,-
900 Bushels of Corn.
CHICAGO. Oct. 3-ln provisions par
tlcularly the bulls were masters to-day.
The October RIBS and lard deals were run
ing at the old stand. notwithstanding the
efforts of q my ~sterious stranger to transfer
them to q justice court. Compared with
Saturday night. October deliveries
this evening showed advances of 17hc
for pork, .15c for ribs, and .01lsc
tor lard. The grain markets all
closed with slight gains. The most im-
portant matter brought TO the attention OF
the provision trade was the heavy, differ
ence between the stocks of shOrt-rlbs on
Oct 1 as officially reported. and the esti-
mates made by the packers in advance.
They amounted to nearly 81, coo, 600 pounds,
as against previous outside estimates of 24,-
OO0. 900 pounds. That matter was almost as
much of a puzzle as the identify of the
individual named Rousch, who seeks TO
have Wright and Cudahya arrested for run
ning a corner. 1t was calculated by some
of the xperts on the floor that. taking
the receipts and hIpments of hog meats
for the month and the receipts and ship
ments Of hogs. the published stocks
onO GU llOl lflCoN Ia oNolO ~ cOAlO COsOOOs-
90 pounds than could be made from the
hogs slaughtered. The stocks reported on
hand indicate smaller supplies OF mess
pork than generally expected, while the
quantity of lard was about as antici-
pated. 1t was expected that the large
stocks of short ribs would cause a break In
the market, and this encouraged the offer
ing of other speculative ARTICLES rather
freely at the opening. Temporarily prices
ruled slightly lower, but 1t was demon
RtrAfed that a good lnOnlrV Dreyallen. AND
q decidedly stronger feeling was developed.
Shorts bought moderately at prices ad-
venced on some of the leading articles,
though outside figures were not supported
to the close
While there was a good deal in the wheat
market which was regarded as Dearish,
there were other considerations which held
the market firm and a shade higher. but
the trade was not very active, The local
receipts were very beavy-S35 cars where
$50 were estimated-and the deliveries In
the Northwest were heavy, being LOCI cars
at Minneapolis and SCI cars at Duluth, or
1922 cars in all. In addition to this, the
trade was generally looking for an increase
of 4, 600, COO bushels IN the visible supply. But
there was good local buying. Comstock,
Mitchell and other leaders dong "a good
business, and there were free buying orders
from New York. There WAS also decided
strength In corn and oats, and hrmness In
the provision pits all of which served to
give the trade more confidence. Later.
when returne were all In and IL was found
that the visible had increased less han
5000. 600 bushels, and that the heavy local
receipts were cue to Sunday inspection of
the principal roads. the market received
additional strength. The market turned
weaker during the last hour Oh realizing
sales. and prices returned to the opening
figures, which were a shade above the tinal
quotations Saturday.
In corn, initial trades were the same to
Ac under the final figures OF Saturday, but
under an improved demand, especially for
December, the market advanced with but
| little reaction ss04c, receded hc later,
changed some, ruled steady and closed
with O shade of an advance. The price
was helped by the Beerbohm figures. pur-
porting to show European supplies are
gone and that Europe will require 1900, OC0
bushels this month from this side.
The oats trade, after a rather easy open
ing, developed good covering by shorts
aud prices advanced h0asc. but as other
grains weakened Data sympathIzed and the
close was easy. with most OF the advance
lost.
There was q good demand for vessel room
and rates TO Buffalo advanced lac to 212o
for wheat. 2Ac for corn and 2l2c for flax.
Estimated receipts for to-morrow are:
Wheat. 625 cars: corn, 500 cars; oats. 40
cars; hogs, 5000 head. The leading futures
ranged "a follows: