The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-30
TURNED THE TABLES
IN THE FACE OF BEAR RAIDS THE
BULLS HAD A GOOD DAY.
Chicago Wheat, Corn and Oats Adj
vanced from lie to 4 1-4c While
Provisions Also Made Gains.

CHICAGO, Sept. 2.-Helped by good buy
ing and talk of wheat for reeding stock,
the wheat and corn markets turned to-
day and sailed along steadily in the teeth
Of a very severe bearish wind. Wheat
closed with a gain Of 1c per bushel. Corn
improved / cent for May and October, and
1Hc for December. Provisions acted firm
and closed with a moderate gain. Oats
followed corn and closed &c higher for
May
Wheat opened strong for a change, at
531ac bid for December, compared with
53Ac at the close yesterday. 1t ruled firm
for a half hour or so and then had a
slight setback, which. however. was of
short duration. 1t sold sparingiy at 5Sssc
and then worked back to around 5312Q53ssc,
with an appearance Of frmness at that
time which the shorts did not relish. The
regular routine market news afforded no
explanation of the hrmness, nearly every
thing pointing to the probable aggravation
of those features of the situation which
have hitherto caused SO many of the trad
ers to sell confidently on every slight raj
ly. The buying of some $4,000 or 100000
bushels yesterday by W.. r. Linn influenced
perhaps 100 pit spectators who may have
taken a matter Of $4,000 bushels each off
NAC AAAaA 4AA&I ia OAAA
bull side. The hog consumption of wheat
is coming more plainly in evidence. To-
days advance in the face of a generally
unfavorable outlook proved that the fore
The weeks exports of wheat and nour
from both coasts as reported .py Brad
street amounted TO 1852. OOo bushels, against
3,53100O bushels on the week before ana
3.490, 900 bushels on the corresponding week
of last year.. Foreign markets
were ali weak and lower. Another heavy
ip,r0aco IN, tho xicfhla &c lOnkad for on
Monday. Business was fairly brlsk ana
well sustained during the session. Decem,
Der near the close rose to 55asc and closed
at 53AQ5SBc.- The taking OF all the NO. l
Northern and No. 1 hard spring wheat in
New York at 512c over December by the
millers of that place helped to sustain the
advance toward the close
The corn market was strong, and recoy-
cred all Of yesterdays decline and Ac in
addition there to. There was a sudden dry
ing up of the offerings as reported by re-
ceiving houses. The country advices are
very generally to the effect that reserves
of old corn are very light and new corn is
much before December. To-day's receipts
were 29 cars, and only 15O are estimated
for Monday. May opened at 4s1sc, sold for
a moment as low as 49Ac, and near the
the session was ending.
A fairly active session was passed in
oats and values were al higher. sympathy
with corn was principally influential In
causing the firmness. The greater part of
the trading was scattered and special sales
were scarce. Darlington Hannah probably
bought as many oats as any other one firm.
May started at an advance of &c over yes
terday's last quotation at $3.50, touched
33Ac and dvanced to 33kc, at which price
it was offered at the close. October closed
sc higher at 2SAc bid.
The provision market was firm with good
general buying by outsiders and packers.
Hog receipts were 10000 and their value
was quoted &c higher. The weeks receipts
were only 90, 26 and only 100000 are looked
-. 1907 -raAIr Dafaa fnr To nrro nv W
compared with those at the end of yester-
days session are &c higher for pork, lard
and ribs.
Freight-Rates steady at 11ac for wheat,
1%c for corn and 1Ac for oats TO Buffalo,
and 1Ac for corn to Port Huron.
Estimates for Monday: Wheat, log cars;
corn, $50 cars; oats, 162 cars; hogs, 1900
head. Hogs next week, 10000 head.
Leading futures ranges as follows: