The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-13
PARTRIDGE AGAIN SlNGED
The Big Bear Has 0versold Himself
and Is Gradually Being MIXED.
Another Big Bulge in Wheat Yesterday on
the Chicago Board. September Gaining
1loc and Closing Strong.
TRADING AT CHICAGO.

Corn Advanced 1c in an Hour-Provisions
Were Dull and Easter. i.
CHICAGO. Aug. 12-PardriGge's short
line of wheat Is looming MP as q factor In
the market. He has had perhaps 100000
bushels called from him on each of the past
three days. He has been q seller in the pit
on bulges besides, and is said to be short
1900. 600 bushels. 1t Is gossip that he is fight
ing the advance tooth and nail. After a Pc
riod of hesitation. due to cholera talk, there
was another big bulge in wheat to-day. Sep.
tember closing at an advance of 1iac. De-
cember gaining 1asc. Corn is Sc better.
although the general rains must have
greatly improved the crop prospects. Pro-
visions were very dull and averaged easier
in price. out closed at about yesterday
figures. Wheat started off weak and lower,
but soon made q sharp dash upward. There
was q good many selling orders early,
and as the shorts mad been pretty
we'll gathered in yesterday there
was not much demand. Later in the day
confidence was restored by the fact that ex-
change was eaeier. being quoted from PAL
to 8 per 81. 900 discount, and the buying
was resumed, but with very little for sale.
Shorts got badly frightened and began to
climb over each other In their efforts TO
even mp. and the investment demand IL
creased in boldness and volume. n. ID.
Ream was active In bidding the market up:
Cables. too. were strou ger and higher, ana
the export clearances were again liberal.
The receI pts at primary markets were
nearly Loo. 900 bushels less than the pre-
cedIng week, and it Is calcninted that the
visible supply will show q fair decrease,
while for the corresponding week a year
ago there AS an increase Of2, la. 900 bushels.
The opening was about nOa4c lower than
yesterdays closing. tluctuated within a
small range and then advanced asc for Sep
tenn Der and l3c for December. and eased Oil d
Q1ac, n then rallied sharply, prices ad-
vancing 24c, closing firm within Asc OF the
top.
If any one in the corn trade had predict.
ed. q week ago, that the market coaid be
put ND 10 in an hour. In tha face OF good
rains over nearly the entire corn belt, he
would have been put 0Own as q lunatic.
But that Is what occurred this morning.
Cash was in urgent demand. shippers TAX
ing ali the offerlngs. which were quite light.
1t was difficult to obtain round shipping
lots. and the price was bid up. and averaged
1'0l4c higher than yesterday. which In
turn affected speculative values. The bet.
ter demand was due to the better price OF
exchange. Opening trades were at O frac-
tional loss, and sold Oft afterwards Sc more,
rallying later on 1lso. changed but little.
ami at the close had gained 404c.
Oats started out slow. and prices reoeded
40 sc from the opening. Later trading
Increased. and as wheat and corn advanced
oats sv mpathized. and prices advanced CSC.
and the market closed firm at about top.
with q gain of lsc for the day..
The provision market was almost stag.
nant until q few minutes from the close.
when Armour ~ Co.'s brokers were pur
into the crowd to bid ribs up. which they
did without the necessity of buying many.
Freights were slow and rates unchanged.
Estimated receipts Tor Monday are: Wheat.
lis cars; corn. 80 cars; oats. 210 cars; hogs.
10000. The leading futures ranged as fol-
lows: