The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-28
TRADING AT CHICAGO.

Wheat and Provisions Strong and Higher
Little Done an Corn and Oats.
CHICAGO, Dec. 27.-Wheat was active
to-day and nervously strong. The price
jumped mp lac and closed with o net gain
visions. Influenced by light receipts of
hogs. left of l5022Ac higher than before
the holidays.
The big failure at Minneapolis made an
sp~prehensive feeling among the shorts In
wheat and caused q general disposition to
cover, while the offerings were smaller
than usual. Cables were higher, and ad-
vices from Kansas. Nebraska and Missouri
reported q good deal Of wheat In those
States bare of snow. with the mercury from
fTc to ten degrees below zero and
rsore or less damage feared. There was a
decrease of 672,0O0 busheIs in the amount
OF wheat and flour on ocean passage and
the report sent out by Beerbohm Saturday
of oniy COCO. coo bushels yield in the
United Kingdom. against T2,c00,C coo bushels
last year. was also q very bullish factor.
Indian wheat shipments last week were
only 10000 bushels. against 100000 the
week previous and 800, COO bushels for the
same week last year. Coupled with these
conditions was q prospect that the increase
In the visible supply would be smaller than
expected. Calls had been sold for to-day
at 79c. There was safety in selling against
them at that price by those who had
bought those privileges. That was the
only class of selling which the operators
dared TO indulge in freely, however, for
some time. The increase of !. $40. 900 bu in the
visible supply had no immediate effect,
but was felt later, as trading slackened u
prices relaxed. The opening vas about
$0Ac per bushel higher. and after slight
fluctuations prices were advanced $50
more. then receded SIC, and closed steady.
Corn was depressed while wheat was
soaring. The Liberal receipts since the last
session-715 cars. with 500 cars predicted
for to.morrow -together with an increase
of 1880 900 bushels IN the visible supply, was
not looked npou as favorable tor any al.
vance. The weakest feature of the situa-
ton was the pressure of through billed No.
3 corn at S65o and It's being finally sold at
soc. With the present clear. dry. frosty
weather @ large portion of what is now No.
8 will probably grade No. 2 before long.
The continually growing elevator stocks is
another weak spot In the armor of the bulls.
The futures opened q shade under Fridays
closing prices and gradually sold Oft ssc.
ruled steadler, and closed with u sc loss.
In oats there was q moderate trade and q
steady market. The offerings were not
large and the demand limited, there being
no particular incentive for operators TO
take either side. Compared with Friday
night prices are LEO mp.
The very light receipts OF hogs, only
$4,000 since Friday. and talk of the i'm
probability of receipts increasing much for
some time. caused a spirited opening TO the
provision market and at quite an advance
over Fridays closing prices. Pork started
at an advance of 15c: lard was Toe higher
n ribs started with a gain of .17kG zoe.
The first prices were about the highest of
the Day. except for May pork. which
cllnbed 12lac over the opening quotation.
The closing quotations showed the follow
ing net gains. as compared with the resting
prices OF Friday: anuary pork, 15c; May,
SC; January lard, zoe, and May, .02lsc;
January ribs. zoe. and May. .22l2c. Helm
holz was q free seller of pork early and
was credited with the disposal OF about
Wrights account. Wright bought ribs to
Offset his sales of pork. The leading
futures ranged as follows: Ia