The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-07
WHEAT A~DVANCED3-
CHICAGO MARKETS FIRM, WITH BUS
MESS QUIET ON THE BOARD.
Cash Corn Added IN Cent go It's Open
ing Price, and Provisions Scored
Moderate Gains.

CHICAGO. oct. 6.-Trade was quiet on
the principal speculative markets Wheat
gained SIC as the result OF the days bust
ness. Corn rose 1c per bushel for October
delivery and CSC for May. Oats are with
out change and provisions higher.
Diminishing receipts helped wheat, and
the other markets sympathized. The hogs
insist ON being considered as an important
factor in the wheat situation this week,
and it was because of their forcing them
selves prominently into notice again this
morning that the market for that article
opened firm. The liberal export ~clearanees
for the week of wheat and flour from both
coasts were likewise a supporting element
at the start. but the hog matter was much
more important. A conservative estimate
based the figures supplied by the stock
yards firm, which collected statistics on
the feeding of wheat to hogs, suggests
a possibility of 10. 900 bushels per week
being at present used for that purpose.
If the article is disappearing in the man.
ner referred to in a few weeks at most the
receipts will give conclusive evidence of it.
1t was apparent to-day that the holders
thought the indications are already pointing
in that direction. The quantity received at
primary markets to-day, including what
was reported at Kansas City, amounted to
$685. 600 bushels, of which $4,000 bushels were
at Minneapolis and Duluth. That leaves
only 1S9, 900 bushels as the aggregate of all
the other primary market receipts, includ-
ing Chicago's. The clearances from both
coasts for the week were 3,243,0O bushels,
compared with 2,562,0O0 bushels last week.
The Minneapolis and Duluth receipts. in
carloads. were So, compared with $50 a
year ago. The cables were of various char
acter. Liverpool was quoted steady, but
Paris and Berlin lower. A dispatch from an
exporter at Baltimore, however, reported
Antwerp and erman asking offers OF
wheat. Business in. the pit was dull and
the trading without special feature. The
general tone was firm and December closed
at SIC and May at 59Hc: December opened
at 53Ac and fuctuated between that figure
and 544c.
Corn received but moderate attention,
the market ruling much less active. The
feeling was fairly firm. There were only
Lightweight cars in to-day. and this Gre
ated a steady opening, but a little realizing
by local longs carried prices down 12c, the
price advancing %d7c, changed
some, held steady and closed at 5l4c.
There was a moderate call for October,
MUM over May. May was sold early by
some of the larger shipping and private
wire concerns, but later the early sellers
turned BUYERS and sseadied values. The
estimated arrivals for Monday were light,
at sixty-fve cars, and this had a strength
ening tendency.
In oats a small amount of stuff changed
hands, and, with a very narrow range of
prices, the market ruled dull throughout
the entire session. There was no disposition
to trade either way. May started steady
at &c advance. sold off to 33Ac and con-
tinued easier all day until previous to the
close, when 34c was again paid, and the
market rested at that price, sellers.
Provisions started weak, but Immediately
began to gather strength, and rose gradual
ly, in sympathy, without a great deal of
business passing and closed at a fair ad-
vance on yesterday afternoons prices. Hog
receipts were 5000 and 24,00 are estimated
for Monday. Compared with closing prices
of the day before pork is 1214c higher, lard
.N12c and ribs .10c higher.
Freights slow at 1Ac for corn to Buffalo
and Port Huron.
Estimates for Monday-Wheat, 56 cars;
corn, SO cars; oats, 100 cars, hogs, %, 200
head; hogs next week, $4,000 head.
Leading futures ranged as follows: