The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-27
ALL GRAIN ADVANCED
INFLUENCES LARGELY BULLIsH IN
CHICAGO CEREALS.
The Gains Were Small mt the Close,
Amounting to Only 1-Sc - Pro-
visions Were Steady.

CHICAGO, Nov. 26.-The influences in the
wheat market to-day were largely bullish.
and wound up firm at &c advance. May
corn gained &c. May oats sc, and provi-
sions closed with but slight changes.
The opening Of the wheat market to-day
found buyers anxiously bidding 57%c and
from that up to 59lsc, with very few sellers
below 59c. 1t continued to edge up a tri1e
more during the next half hour, the price
about 10 o'clock being 59AQ59Ssc. but selling
against calls at 59Ac and better interfered
at that time with any further Improvement.
The early news was bullish. The Liver
pool market opened firm at I'D advance for
American red winter and spring. Stocks
at that place showed another considerable
reduction since Monday last. The amount
on ocean passage was 52S.0Os blu since a
week ago in the face of a heavy aggregate
of shipments from exporting countries, and
the receipts at Minneapolis and Duluth
were LOGS cars, compared with 1.201 a year
ago. Every item on the points enumerated
was distinctly favorable to the bull side.
The decrease for the week in the Liverpool
stocks amounted to 261.e 600 blu. The visible
supply increased 1.622,O 100 bu, and weakened
the market for a little while. but as the
English visible decreased 1,238, 600 b the
effect of the increase here was quickly
overcome After selling down to 5S%c on
the domestic visible ii rose soon after y
o'clock to 5912c on the English visible.
Export cIearances of wheat and flour from
Atlantic ports amounted to $4,000 blu. Clos
ing cables to the Board of Trade quoted
Liverpool %d higher for American red win
ter. The market was strong at the finish
at 6oAc for May.
The corn market was weak and prices
lower on account of the favorable drying
weather for new corn anC the heavy re-
celpts. About the middle of the session
ineres VISIBLE E o7 Sq GJ gu WAS tbss found sSa;ng to % h have We
one week a quantity almost equal to the
entire amount of its previous bulk. The
s spepi at Sssgls1 lcf aS bout t GaS same iH1s'' tim a@a II Il
dropped gradually to 4Sc during the fore
noon. but revived later in the day in SYM
ket. The increasing strength of wheat at
the end of the session alarmed the shorts,
and finally caused an advance in May to
4SAG49sc, with 4SAc the closing quotation.
The oats market opened a shade easier
at 32s432hc for May. touched 32Ac, and
then, in sympathy with the corn market,
noon. Trading was confined almost entirely
to s~calpers. Toward the close the market
frmed up a little and was more active.
The rally in the other cereals could be
credited to this slight advance. May sold
at 32ssc and closed with sellers at that
price.
the estimates made on Saturday, and in
consequence of that the price of provisions
Tell on at the opening. Local spectators
were inclined for the most part to the
bull side. The strength of the wheat mar
ket was a supporting feature of the sur
roundings and helped to a recovery of most
of the early loss. AT the finish January
pork was 2ltac lower. lard .02kc higher and
ribs .021zc higher.
Freights-There was a fair demand for
vessels to load corn and oats for Buffalo
at lac. with charters for corn at that fig
ure.
Estimates for Tuesday-wheat, $50 cars;
corn, $50 cars; oats, 1870 cars; hogs, 80, 1000
head.