The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-09-19
CORN LED IN ACTIVITY
Advance in Maize Principally Due
to the Heavy Buying.
Increase in Visible Supply of Wheat
Reduced It's Price While Provisions
Showed More Strength.

CHICAGO. Sept. is. - Corn was the
leader to-day in activity and strength.
The market for that cereal advanced In
spite of enormous receipts. Wheat had a
good deal to contend with in the shape of
O break In the weather. tho increasing pri-
mary market receipts and visible supply,
and il succumbed TO the extent of 4sc de-.
cline. Corn had also much to bear up
against. but the bulls in that article. in
stead of forgetting all the strong features
OF the situation. appeared to have con-
cluded that their buying could be moro
advantageously done now than if they
waited until the receipts dried up. The
market closed with q gain of about lac.
Provisions were stiff on the yellow fever
newo.
Wheat at the opening was SO Sc lower
and quickly sold off 1sc more for December.
then advanced CSC. again weakened and
prices declined h0aBo. tiuotuated some
what and tho closing was about % l9o
lower for December aud Ac lower for May
than the closing figures Saturday.
English cables were reported led lower.
there was an increase of ]. leo, 600 bushels in
the quantity of wheat on ocean passage.
the shipments from India were larger and
1t rained. which was moro favorable for
fall blowing and seeding. There was
pretty free selling. and the market turned
decidedly weak when the visible supply
showed an increase of 1.19l 600 bushels,
against an increase of 2,651 200 bushels q
year ago.
The firmness in corn was due. In q meas
IRE, to quite liberal shipments reported
from this market. The increase In the
visible supply-SO5. 900 bushels-was smaller
than generally anticipated. and this had q
stimulating effect temporarily. Shorts
purchase d rather freely, and the long inter
est enlarged their lines. Opening prices
were a G lower. but soon a gradual improve
ment OF l3O%c was gained. the near de-
llveries showing the greater strength.
During the mlddle OF the session the feel
ing was qniet and prices easier. settling
back %0 lac. At the decline the demand
i'm proved considerably, especially for May
delivery. and prices rallied to outside iig-
ures and the market closed strong.
There was a weak and lower opening in
oats. Sales were ut ls0Ac decline. but
later q stronger feeling developed and
prices advanced 3s@&c. and the close was
strong at about the top, with a net gain of
A0Ssc. Trading was only fair. The visl-
BILE supply decreased e67. 900 bushels. but
local stocks increased 1900 bushels last
week.
There were a few buying orders from the
outside in the provision pit. but it was
found impossible to fill them at the price
they were limited to for want of sellers. A
bid of the previous quotation met with no
response when an attempt was made to fill
a buying order. and prices were advanced
on very few trades. Compared with Sat
urday night. pork is mp 32l8c. lard .12lac.
and ribs .12l3c.
Freights were firm with q fair demand at
1&c for wheat and He for corn to Buffalo.
Estimated receipts for tomorrow are:
cars; hogs. 1900. The leading futures
raj ged as follows: