The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-04
HI WAR CRY RACKET
WORKED FOR ALL IT'S STRENGTH
ON CHICAGO BOARD OF TRADE.
Wheat Destroyed Most of the Gains
Corn, Oats and Pork Higher.

CHICAGO, Oct. 3.-The bark of the dogs
Of war echoed by the cables scared wheat
into a moderate advance to-day. but the
bulge was met with free selling and De-
cember closed only tx higher. The other
markets sympathized with wheat. May corn
closed 3sc higher. May oats sc higher and
provisions finished at slight advances.
A suggestion of a war cry was licked off
by the cables before the regular trading
commenced, and December wheat. which
was weak at 52Ac yesterday afternoon, was
wanted on the curb at 5SHc, and the regu-
lar trading confirmed the action of the
curb. December started with buyers at
from SIC to $3.50, and the demand for it
showed no abatement until it had advanced
a shade. December, after hating around
$3.50, took another lead and chung to 1850
for a second before it was shaken down
again to 531sc. Those fluctuations covered
the results of the first two hours trading.
The hogs appetite for wheat came to the
front again. The winter wheat receipts
were supplying strong evidences Of growing
scarcity in the country, and even the
northwestern movement was smaller than
Of late. The total amount at primary mar
kets was va about 5000 bushels, while a year
primary receipts. Business In the pit was
brisk and at times quite heavy. The ele-
NdIOr men look 2QNanJa&e OF the excite
ment to do a little scaIping. Valentine, of
Armour & Co., bought at the opening eff
fusively. while he had NJ. c. Mitchell and
Tommy O'Brien selling for him most dill
gently. The Weare Commission Company
was reported to have dumped 100000 BUSH
els OF December when 1T touched $3.50. and
that caused its sudden drop from that TO
5SAc. The Atlantic port clearances were
liberal, amounting in wheat and flour to
500. 600 bushels. Closing cables reported
Liverpool firm and Id higher, but both
Paris and Berlin weak and lower. In the
last hour of the session the market ruled
quiet, December closing at SIC.
ing and firm all day, chiefly in sympathy
With wheat, but TO a considerable extent
also on account of smaller receipts. The
inspected cars numbered lO1, and only 20
price for May corn was very irregular,
some transactions being as low as 49Ac,
was one advance to 5OAc in the course of
knocked off. fac closing price. however.
was 49AQ497sc.
Oats met with a good sale and followed
the movements of corn. Shorts were bid
ding quite freely, and with only a moderate
disposition to sell some strength was also
throughout the session disposed of quite a
quantity. Baldwin-Farnum and Milmine-
Bodman were buying. May started at 33c,
| Where it Closed. s ANU Ao '
Helped by the better grain markets, pro-
T Tasaans decline TeSGnered ana 3 li aissou m4re the of la shslf
transactions were at a good deal under
the top prices of the day. they still held
day before. Pork is higher by 7lkc, lard
| .05c, and ribs .O21ac. Hog receipts to-day
were $4,000, and 5000 are estimated for to-
Freights weaker at 1ssc for wheat and
| 1Ac for corn to Buffalo.
| Estimates for Thursday: Wheat, 20 cars;
! corn, 20 cars; oats, 136 cars.
Il leading futures ranged as follows.