The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-07
WHEAT JUMPED UP &C
DECEMBER FUTURES STRONGER,
CLOSING At sc IN CHICAGO.
Strength in Wheat Helped Corn and
Oats, Both Closing Higher-PrO-
visions About the Same.

CHICAGO. Nov. 6.-Yesterday's decline
of 2ssc per bushel in wheat was all recov-
cred to-day and about &c besides. The net
gain to-day was &c, December bringing
7SG7S1kc at the close. Corn and oats ad-
vanced ad%c respectively. Pork and ribs
advanced &c and 02l.c; lard unchanged.
There was a good trade and more active
market in wheat to-day, prices being SUBJ
iecta to frequent changes within the estab-
lished range of 33sG3Ec. The feeling de-
veloped was stronger at the start and in
itial trades were at 7s@1hsc advance under
a good general demand. sold up gradual
ly 1Lc. eased off sale, advanced 2%c,
ruled steady and closed with 4G4hc gain.
The strength was due to a great extent
to the sharp falling off in the Northwest
ern movement, receipts in that section be-
ing 1872 cars smaller than last week and SOL
cars under those a year ago. Cables, too,
were quite a factor. early advices quoting
spot firm and I'D higher and futures easy
at Ad decline, which, in the face Of the
break here yesterday, was rather surpris-
ing. The market was also helped by San
Francisco advices stating that four car
goes were worked there yesterday for
Australia. the total aggregating $4,000
bushels. Foreigners were credited with do
ing some buying and 81. Louis was rather
active on that side. Outside markets were
all stronger. Several of yesterdays sellers
were good buyers early. The cash situa-
ton was also considerable on an influence,
n good general milling inquiry existing.
The Ohio crop report a favorable, re-
porting the area seeded TO winter wheat
SO per cent. of last year and the condition
SO. Argentine advicesaS stated prospects
there for the crop continued good. The
market was helped later in the session by
the closing Liverpool public cable, which
quoted spot 112d higher to and lower, and
futures laid higher, Exports We're 1870
flour. Closing continental advices We're all
lower. The market bulged sharply towards
the close, early sellers .irnins buyers:
i'm Russia, and Danubianes ,ocks were said
to be increasing. December opened B@1hc
higher, at 73d15l4c, sold at 47sc,. advanced
to 7Sssc, reacting to 7SG7Shc at the close.
The corn market hung back for a long
time, and not until wheat started on it's
final bulge did corn participate to my
great extent. The receipts were 30 cars
less than the estimates. while the with
drawals from store were 1853, ISL bushels.
Liverpool market was strong at I'D adj
2S12c, reacted to 2shc and held within the
range until near the close, when it rose
quickly to 291sc, and 2Sc was bid at the
close.
In oats the feeling was firm through
out. Sympathy with wheat and the
strong cash demand were the principal fac
lOTS, cOupleu Will lighter IecelplS. Way
opened Ac higher. at 1SMc, sold at 1S%c
and advanced to 19Ac at the close.
The market for hog products opened firm
at a little advance on yesterdays prices,
but there was always plenty for sale when
any one evinced an inclination to buy. At
the close there were gains for the day of
&c i'm pork and .021ec in ribs. Lard wound up
at the same price as on the day before.
Estimated receipts for tomorrow: Wheat,
113 cars: corn, $50 cars; oats, 262 cars; hogs,
16. 900 head.
Loading fut1res ranaed nc folIous.