The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-08
RESEMBLES A CORN POOL
Maize Strongly Supported on the Start,
Advancing l Cent in an Hour.
This Was Accompanied BY an Advance in Wheat
Also, in the Face OF the Largest Visible
Supply on Record, 81, III 900 Bushels.
TRADING AT CHICAGO.

Whiri In Provisions Leading to an Ad-
In All Lines.
CHICAGO, Nov. There was round
mp in the corn market to-day which looked
like the 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 ia Ike
profits. With receipts showing 4S7 cars
and nothing On the board about Sunday in
spection, the market was started u high
or for near months and steady for May
around 46c. The Withdrawals were very
good at 49,, 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 W artZ-
Dupee. Charles Singer. Champlin, and few
others began buying furiously. They took
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 weakened trifle on the taking of
profits, but az the close corn compared
with Saturday night showed q gain Of
about lc. oats sc and wheat lac.
The advance in wheat Is in the face OF
the greatest visible supply on record.
Then, too. the local receipts were nearly
ESQ cars more than expected. There was
every prospect of large increase in the
visible. and English cables were lower.
Outside trade was low. The decided
strength which ruled in corn, oats and
provisions helped to strengthen wheat and
couDteracted the effect of the 10000
bushel increase in visible supply. The
1 %aIkes opened easy at ssturday s closing
q shade from the top. The largest
visible supply known before that of to-day.
o. $4,000 was Jan. ]. 1887, when il was g..
10000 bushels. year ago 1t amounted TO
only IS, a., 600 bushels.
Oats were very firm all day. There was
good bnyine by Counselmen and Schwartz
DuDee: also by shorts. The longs q lid their
best to ''whoop things up' and TO them be-.
longs part of the credit for the strength.
The visible cut no figure in the market.
There was quite q whIrl in provisions.
but In the last hour the market was OFT
some. The small receipts of hogs in COM
parlson with estimates was an opportunity
fully alive to. Wright bid for pork with u
freedom which alarmed the shorts
and made them clamorous for the
article for January delivery. Numer-.
Gus offers TO sell 200- barrel
lots were made but the spectators named
wanted it in chunks, and took only lots of
LOO barrels or over. Pork advanced 37lac.
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.
Frelghts were in good demand. but ves-
sci room scarce. Shippers bid gao for
wheat and CLIO for corn TO Buffalo. Es-
timated receipts for to- morrow are: Wheat,
so cars: corn. 10 oars: oats 175 cars; hogs.
1900. The leading futures ranged as fol-
lows: