The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-04
MORE STRENGTH In GRAIN
Receipts We're Smalestand Exports the
Largest for Three Months.
fident. but the Sentiment Soon Shifted
and the Price Steadily Advanced.


Provisions Showed Strength Smaller Re-
ceipt. of Hogs Chiefly.
CHICAGO. Nov. 3.-With the receipts at
primary points the smallest for three
months and the exports the largest during
the aame time wheat to-day closed strong.
Final figures compared with those of last
evening show gain of k0asc. Corn is
from unchanged to lsc higher. Provisions
advanced 10000. The first feeling in
wheat was one of weakness. This was at
tributed to the fact that local receipts ex-
ceeded the estimate about ninety cars.
Later reports from the sea- board showed a
marked revival in the export demand and
tho clearings from the sea-board were re-
ported at $4,000 bushels In wheat
and flour. This caused an immediate
change. The early sellers quickly
started to get back what they had sold
and there was fair investment buying
while the offerings became unusually light
The result was o steady advance. The Gin
cinnati Price Current reported that wheat
was still suffering from drought in large
areas, and that there was every reason to
expect O steady falling of in interior de-
liveries. Partridge was good buyer of
to have covered u considerable line. The
opening was about Is a a C lower. and prices
declined lsOAc more. then rallied SIC, re-
coded some. and the closing was within sc
of the top of the day. Minneapolis wired
that there was little doubt but that North
Dakota had marketed her surplus wheat.
j. j. Bryants sales, amounting to about
10000 bu, il was said, was the heaviest in
dividual operation on that side. *. w.
Durham * Co. were said to be buying In
w ant w N
here two days experimenting the opera
ton.
The corn market again took drop in
early trading similar to that of yesterday.
This was due to the sensational reports on
the failure of Pegram x Bros, of Lincoln.
H.. and the published statement that Chi
cago comm ission houses we're heavy losers.
This made the trade nervous. Early de-
preston in wheat also had some effect
Sibley IL Pratt were among the best sell
ers. Initial trades were at fractional de-
Clines, and the price was carried down "a
more. then advanced "a 0ssc. reacted II c,
ruled frmer and closed with slight gain.
Oats fiuctuated with corn and closed
heavy selling of May early by Rouse. who
disposed of fully 100000 bushels, presuma-
bly, for New York.
The provision market showed strength
all day, chiefly OH the smaller receipts of
hogs than expected, higher prices ut the
yards and good buying by the late clique
in ribs and shorts generally. Compare
lively small stocks of ell kinds Of products,
excepting of mess pork. attracts some at
tention. An impression prevailed that
manufacturers were covering O portion of
their outstanding contracts, and this
strengthened the market to some extent.
The receipts of products were compare
lively light end shipments quite large par
ticularly of meats and lard. There was q
strong demand for spot at SOC over the
price OF sellers.
The offering of vessel room was not
large, and the demand good at 2lsc for
wheat and pa for corn to Buffalo. Esti-
mated receipts for tomorrow are: Wheat,
BIZ care: corn. 365 cars; oats. IT'S cars: hogs.
$1,000. The leading futures ranged as fol-
lows: