The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-19
PROVISIONS ARE ON A TEAR
January Pork in Two Days Makes a
Rapid Advance OF 81 Per Barrel.
Lard Even Stronger than Pcrk-Lowest Prices
of Wheat for the Day We're Made Around
the Opening, Closing Sc Higher.
TRADING AT CHICAGO.
Hog Products and Cereals All Take Tt
for the Better

Hog Products and Cereals All Take a Turn
for the Better.
CHICAGO Nov. 1S-The provision pit
was the center of interest to-day. The
light receipts of hogs scared the shorts, and
January pork sold up 81 per barrel from
the price two days ago. partly as result
of the semi-panIc in the hog product.
Wheat WAS IN brisk demand and closed
with an advance of more than lc over last
nights figures. Corn and oats gained 4c.
Bouyancy and excitement prevailed in hog
products nearly all the day. The receipts
of hogs was about 5000 head less than esti-
mated. and prices at the yards were 1Oc to
zoe higher. Shorts at once started to cover.
and there being little for sale Q quick
jump in values was the result.
Wright, Cudahy. Hately and Robin
son were all big buyers. The hog
receipts for the week will probably be. il
is said. about 1901 900 less than for the same
week last year and for October and No
vember will fall 100000 below the receipts
for the same time last year. There was
immense realizing on the advance by the
bull cliques.. but the shorts were so demon
allied that they took all that was offered.
toward the close, and January pork tum-'
bled back. closing zoe from the top for the
day, but SOC higher than last night Lard
was even stronger than pork. The Janu-
uary delivery, which closed yesterday at
SS.l7l9, advanced to $3.50 and stood at Sc. 75
at the close. Ribs Tor January delivery
advanced zoe and closed with u gain of 20c.
A wild storm was prevailing In the North
predicted for some days to come. The re-
ceiDts. locally. fell thirty cars below the
estimate. Cables reported the English
markets as firm. and domestic markets
were also q shade better. while the buoy
ancy in the provision market also helped.
But the report that Russia. possibly, would
contemplate the imposition OF an export
tax regarded ms unreasonable and had
little force. With wheat harder to sell
than ever known before, and with the Rus
sian crop especially In bad repute. owing
TO the cholera. 1t was not believed that a
further burden would be laid on 1t. How.
over, 1t was found difficult to buy wheat
on the advance. The shorts wanted it all
the more that they found it difficult to
buy The lowest prices of the day were
made at and around the opening and the
wind-up was strong. The opening was
about the same as yesterdays closing and,
with only slight fluctuations, prices adj
vanced lac, held firm and the closing was
about lsc higher than yesterday.
The corn market was higher IN sympa-
thy with wheat, and In some measure,
also. on diminished receipts. The lnspec-
ton returns showed 21S carloads, of which
los were contract.
Few orders we've received for oats, and
trade was mostly of scalping nature.
There were fair offerings of vessel-room,
and the demand was light with rates to
Buffalo at 2lsc for wheat and 2Ac for corn.
Estimated receipts for tomorrow are:
Wheat, l78 cars: corn, 200 cars. oats. It's
cars; hogs, $4,000. The leading futures
ranged As follows: