The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-09
RESEMBLES A CORN POOL
Maize Strongly Supported on the Start,
Advancing ! Cent in an Hour.
This Was Accompanied BY an Advance in Wheat
Also, in the Fscs OF the largest Visible
supply on Record. LII 900 Bushels.
TRADING Ar cHIcAGo
Whirl in Provision. Leading 20 an
vancs. I'm AL Ilnra

A Whirl in Provision. Leading TO an Ad-
vance In All Lines.
CHICAGO, Nov. 7.-Tbere was a ronnd-
up in the corn market to-day which looked
hket work of pool. The price was
given Jump of over a cent in very short
order. When the advance was over the
buyers IN the way up were ready TO take
profits. With receipts showing 4s7 cars
and nothing on the board about sunday in
spection, the market was started &c high
er for near months and steady for May
around acc. The Withdrawals were very
good at 4s1, 900 bushels. The weather over
the entire corn shipping section was of the
worst. The reports about husking turn
ing out poorly were on the increase.
Provisions were sensationally' advanced
and traders made nervous on the grain
markets With these conditions Sch wartz-
Dupee. Charles Singer Champlin. and few
others began buying furiously. They took
probably a million bushels of corn In sixty
minutes. 1t was reported that Pattons and
Bartlet-Frazier. who are heavily short.
were covering. Smaller shorts were
frightened to cover on the advance. The
market weake ned trlfle on the taking Of
profits, but at the close corn compared
with Saturday night showed gain of
about 1c. oats u c and wheat l2c.
Tho advance in wheat is in the face OF
the greatest visible supply on record.
Then. too. the local receipts were nearly
$50 cars more than expected. There was
every prospect of a large increase in the
visible. and English cables were lower.
Outside trade was low. The decided
strength which ruled in corn, oats and
I<.lv rkscn
counteracted the effect of the 3.000.o00-
bushel increase In visible supply. The
market opened easy at Saturdays closing
declined 40. rallied IS 01ic and closed
visible supply known before that of to-day
647l1 200. was Jan. /. 1887. when it was g.
40 coo bushels. A year ago it amounted TO
only IS. 81, 900 bushels.
Oats were very firm all day. There was
good buying by Counselmen and Sch wsrtz-
Dupee; also by shorts The longs did their
best to ''whoop things mp and TO them be-
Ions IS part OF the credit for the strength.
The visible cut no figure in the market.
There was quite whlrl in provisions.
but IN the last hour tho market was OFT
some. The small receipts of hogs in CON-
parison with estimates WAS an opportunity
for hosting prices. which the bulls were
fully alive to. Wright bid for pork with a
freedom which alarmed the shorts
and made them clamorous for the
article for January delivery. Numer-
Gus offers to sell 250-barrel
lots were made. but the spectators named
wanted it in chunks, aud took only lots of
1000 barrels or over. Pork advanced 3Tl4c,
compared with Saturdays closing price.
but receded to an Improvement at the close
of 22lac. November lard was extremely
scarce. and it advanced on very little trad
ing.
Freights were in good demand. but ves-
sci room scarce. Shippers bid gao for
wheat and 2lRc for corn to Buffalo. Es-
timated receipts for tomorrow are: Wheat,
so cars: corn. BIO oars; OATS It's cars; hogs.
1900. The leading futures ranged as fol-
lows: