The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-05
THE BEARS SCARED
WHEAT CLOSED A CENT HIGHER AND
CORN WITH A GAIN OF &C.
Eyidelce of Scarcity in the North.
west a Potent Factor I'm Trading
on the Chicago Board.

CHICAGO, Oct. 4-Despite the apparent
collapse of the European war scare the
grain markets were firm to-day, closing
with wheat 1c higher. corn &c higher for
october and 11sc higher for May. Oats
show a gain Of &c. Provisions married the
general harmony by acting weak and clos
ing lower.
The receipts at country
points were reported to have fallen off
about % per cent. Spring wheat was in
good demand for shipment East. and a fear
that the movement was about to give fur
Their evidence Of the liberal feeding of the
article to hogs, all contributed to the days
strength. Wheat opened firm on what the
shorts saw in the morning papers about
war. While that class of buying received
a little stimulus from the cause referred
to. buying for long account did not seem
to be inspired by it to any extent. IN
glish consols recovered some of yesterdays
decline, and private cablegrams reported
an abatement in England of the war scare.
Liverpool, however, was reported firm at
the opening for wheat, and Paris and Ber-
lin were likewise quoted each a tribe
higher. The bulls observed the receipts at
Minneapolis and Duluth were 500 cars, and
that spoiled their appetite for the time be-
ing. The buying shorts were numerous
enough. however, to keep the price &c
above yesterdays closing figures. Deem
Der wheat opened with buyers at 53Ac,
kept within the range of that and 531ac.
December had gradually weakened until
there were sellers for a matter of ten min
utes or so at 531sc. Just then it began to
be whispered about that 300, 600 bushels of
No 2 spring wheat had been sold here for
shipment, and that caused a lively scram-
BILE among the shorts for the offerings.
which dried up suddenly when wanted, and
the shorts bid December up to $3.50. The
primary market receipts gave further evil
dence OF the approach of comparative
scarcity. They amounted to only 5000
bushels. Export clearances from the At
lantic ports were light, amounting to 294, 600
bushels in wheat and flour together. Sec
ond cablegrams. reported Berlin low. but
prices retaining the early slight advance,
and Liverpool I'd higher since yesterday
frmation of the sale here of the 300. 600
bushels of spring wheat gave the market
another hoist, DECEMBER touching on this
to was the naming of the reputed purchas-
ers, Edgerton and Winans. Armour &
Co.'S name was mentioned as TIE reported
ing, and another rise to 5i1sc took place.
The market ruled strong to the end. De
Reports of much smaller receipts at coun-
try points in the Northwest to-day was an
element which went to the making UP OF
to-day's bullisEneSs.
The receipts Of corn were light, number
ing only hfty-one cars. and only eighty
are estimated for tomorrow. The strength
in wheat and activity in the demand Tor
the new deliveries of corn all conspired
to make a strong market for the latter
article. October corn, which closed yes
terday at S&c, rose TO 50h2c, and closed at
the latter price. May opened irregularly
at from 5OAa5ol4c. and after fuctuating
during the greater part of the forenoon
between 50AG il became very strong,
and sold up to 5l0511ac, and closed at 50kc
bid. Country offerings were reported to be
light, and the seaboard users of corn were
said to be showing more desire TO buy.
Business in a speculative way was fairly
active.
In oats there was a largt amount of
stuff changed hands and quite y big adj
vance in prices. The frmness In corn. to-
gether with a generally good disposition
to buy, were both influential i'm causing
oats values to advance. Sellers were quite
numerous, but the huyers, principally
Trading was mostly scattered. Caring
ton-Hannah. however. bought freely. May
started CSC higher han il closed yesterday,
at 335sc, sold down to 335c and up TO 34Ac,
closing at 34isI34Ac.
A weak hog market and strong opposi-
ing interests caused weakness in provisions.
Business was rather light and offerings
not pressed in large amounts. Pork
broke Sc, lard .2e1zc and ribs .l5c. Later
the strength in grain helped to SOM i'm
provement, and the losses at the close
amounted to only 712c in pork and ribs
and .10c in lard. Hog receipts, were 1900.
for corn to Buffalo.
| Leading futures ranged as follows: