The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-18
ACTIVE DAY ON THE BOARD
Cereals We're Firm and Higher, but
Provisions Led the Procession.
Purchases by Schwartz Dupes and Mccormick
Said TO Be Nearly 5000. 900 Pounds Of
January Ribs, That Advanced .421oc.
TRADING AT CHICAGO.
Wheat, Corn ara Oats All Score Comfort
able Gains.

Wheat, Corn and Oats All Score Comfort
able Gains
CHICAGO. Oct 1.-THE big stained
= glass ceiling on Change seemed in i'm
minent danger to-day from the combined
dashing up of prices. Short ribs made q
leap of .42lec, pork 40c and lard $50. Oats
closed with a gain of $50 to Use; corn is up
Lee to SIC. and wheat sc. Tho provision
market opened strong on small receipts of
hogs and the good demand for them re-
ported from the yards. John Cudahy Il
Co. were the best buyers of January pork
at the start. but later in the day every
body appeared to want it. X. w. Durham
was q good buyer. Baldwin-Farnum took
q good deal. and there appeared to be
numerous buying orders in the hands OF
commission : houses generally. Hately
Brothers were heavy buyers of lard. or
wonld have been if offerings had been
more liberal. They got a fair quantity,
however, and it was said their purchases
were for a~ccount of Fairbanks. Schwartz
Dupee and Mccormick took be tween $500
600 and 3.00O.0 600 pounds of January ribs.
There was no hesitation on the buying
side, and prices gathered strength as the
session progressed. Closing prices are OF
the top of the days range.
Ii has been a general belief here that the
receipts In the North west would let up, but
instead, the arrivals. If anything. are
larger than they have been. Notwith-
standing this and extraordinarily heavy
receipts locally. wheat opened quite firm at
the price it closed ut on Saturday or q little
better. Tne firmncss. too, was in the face
of tho fact that the Liverpool market was
easier, and that India shipped 34O,C COO
bushels last week against only eO.t00
bushels on the week preceding. The mar
ket became very dull after half an hour of
moderately active trading. On the pabli-
cation of al increase of 1884 CO bushels
the market slumped of. but the effect Of
the large increase was quickly overcome by
the receipt of the closing cables quoting ad-
vanoes at London, Paris and Berlin. From
the unchanged prices ut the opening the
market advanced &c, eased OFT 80 and
finally advanced hc.
Corn opened strong with receivers the
best buyers. The receipts were $50 cars,
where only 500 had been expected. SibIey.
Boyden and Bartlett were good buyers and
prices gradually went up, but they had
some reaction. mainly on free selling by
Logan and Schwartz-Dupee. supposed to
be on st. Louis orders. The visible supply
figures added to the temporary downward
trend until the rally in wheat caused alarm
among the shorts and resulted in another
advance to near the best prices Of the day.
Oats traders to-day experienced as active
q session as they have had for months.
The market weakened somewhat after the
early business had been transacted. but re-
Moved buying by the shorts during the
last half hour of the session firmed up
prices considerably and the close was made
at the high points of the day. The occasion
for the furry seemed to be the light re-
ceipts, the arrivals for the two days being
423 cars and $500 bushels by canal, where
as the estimates called for 40 cars. The
fact that offerings were moderate assisted
the advance very materially.
Freights were steady with q fair demand
for vessel room at 2lsc for wheat and gao
for corn to Buffalo. Estimated receipts for
tomorrow are: Wheat, $50 cars: corn, ESQ
cars; oats, 3l5 cars; hogs, $1,000 head. The
leading futures ranged AS follows: