The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-19
RECOVERED A LITTLE
AFTER THREE DAYS OF LOW REC
ORDS WHEAT GAINED lie.
Better Export Demand and Small Re-
cefpts Were Instruments of War
ARE by the Chicago Bulls.

CHICAGO, Oct. R-Better cables, larger
clearances, smaller receipts and better ex-
port demand sent wheat up &c to-day, but
liberal offerings at the close weakened the
market and December finished but &c high
er. Corn and oats closed practically I'M
changed and provisions with slight losses.
Wheat opened Ac over yesterdays clos
ing prices. The cablegrams were more en-
couraging than have been coming TO ham
of late. The Cincinnati Price Current said
the marketing of winter wheat was still
restricted and the feeding of ii maintained.
After some selling against calls had caused
a slight shading of the first advance, New
York infused a little more spirit into the
bulls by wiring that there were some for
eign buying orders there from the CONT
nent. upon which information another Ac
per bushel was added to the gain. with
which the market opened.
Primary market receipts were smaller
than o n any previous day and the Atlantic
port clearances were larger. December
wheat opened at 521so, sold sparingly at
52%c, and after reacting to 52ssc, it rose to
5224c. The absence Of wheat in the New
York .~clearances was somewhat disappoint-
ing to the bulls and cooled their ardor for
a while. The price weakened again and
was down to 52ssG521zc about 11:20 a. m.
Although a good deal of selling out by
scalpers caused comparative weakness now
and then, the market made higher reactions
after each decline. Amer &C Afghanistan
dead. damage to the Argentine wheat crop
confirmed, and a repetition of the early re-
ports from New York of good demand
from the continent were the later influences
which put December up to SIC. Offerings
increased near the close and the market
declined to a moderate extent, December fin
ishing at 52l2c.
Corn averaged firmer. 1t started with
some trading at the price it stopped at
yesterday. and a little at 1sc per bushel
TO the frmness of wheat. The daily re-
ports of disappointing results from husk-
ings were continued, and those came to-day
from Illinois, Iowa and Ohio in greater
number than before. The principal bear
ism factor was said to be the seeming in
difference of the Eastern consumers. who
do not appear to view the light stocks with
alarm. The days fluctuations for May de-
livery were confined within the limits of
4sssQ49Ec, or 1l-16c lower than it closed
yesterday.
Trading in oats was quiet and confined al
most entirely to scalpers and local parties.
A slightly firmer feeling existed in SYM
pathy with corn. May started at 325sc, sold
as low as 321zc. as high as 322c, and at noon
was selling at 32lzqa25sc, closing at S2ss@
Q32Ec.
Liberal rec ipts of hogs caused heaviness
in the market, but very little trading re-
suited. Fluctuations were as narrow as a
result OF a general disinclination TO do
business. The leaders refrained from lead
ing. and their followers stood still. Prices
started with a decline Of sc in pork, lard
and ribs; and that represented at the close
the result of the days business in lard and
ribs. pork losing another 2tzc.
Fr~efghts-Rail rates on provisions to New
York demoralized. There is said to be three
lines making a cut of &c TO 23c per 100
pounds. Lake business dull; corn for Buff
falo at 1c.
Estimated receipts for Friday: Wheat, 90
cars; corn, loo cars; oats. 165 cars; hogs,
5000 head.
Leading futures ranged as follows: