The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-25
WHEAT QUIET BUT FIRM
BETTER LIVERPOOL PRICES PRE-
VENTED Loss ON THIS SIDE.
Anticipation of the Holiday Resulted
in Small Business in Chicago
Grain Markets.

CHICAGO Nov A.--In anticipation of to-
morrows Thanksgiving holiday the Board
of Trade markets were all very quiet to-
day, but were fairly firm. Wheat was
helped by another good advance at Liver
pool and closed AG5sc higher for May and
CSC higher for December. Corn and pro-
visions closed about where they did yes
terday, and oats Lice higher.
Wheat opened at an advance of from
sc to sc, May being quoted at 91ss@9112c.
Strong cables and a sudden and emphatic
drop in the receipts in the Northwest en-
couraged the bulls and caused moderate
buying Calls sold yesterday afternoon at
1bc over that days closing price for May
delivery, so that, fortified by the liberal
lines of those privileges they had bought,
some of the heaviest local scalpers became
free sellers every time in the first two hours
the May price touched within &c of the
call price, or 915sc. 1t reached that point
on several occasions inathe time named and
once or twice jumped to- 91%0917sc, but
reacted to 915sc, the latter throughout the
forenoon beidg the price at which buyers
seemed willing to take offerings. Liverpool
reported great firmness7 in the prices there,
but an advance of Id at which it started was
considerably reduced before the close. The
close showed the days gain at Liverpool
ranging from Ad for December to 12d for
later deliveries. The Minneapolis and Du-
luth receipts were 762 cars, against I69 the
previous week, but only 445 cars were re-
ceived the corresponding day of the year
before. The receipts at Chicago were l45
cars by rail and sc, $50 bushels by lake. New
York reported good continental demand
and cable acceptances of yesterdays OFFERS
both to the continent and United Kingdom.
ST. Louis reported cable acceptances of
wheat offered to France the day before.
The seaboard clearances of wheat and flour
were quite up to their recent liberal volume,
amounting to $4,000 bushels. One bearish
fact was that the receipts at western
primary markets were 1,O7S,OOO bushels COM
pared with only 508,000 bushels the corre-
spending day of 1896 The market was very
tame and required constant prodding by the
hull crowd to make it assume an appear
ance of being alive. Near the close 1t was
urged to a little activity by buying orders
from the CLIQUE at glSf TOT Of Nay Ma IN a. large
humber of calls bought yesterday AFTERNOON
as selling against the privileges preyehlllls
a further advance. The closing price was
Corn was almost without interest prices
keeping within 1sc range. The fee4lng was
rather easy, though maj ngures sL9w ,o
placing it with May constituted most OF the
business Receipts were s23 cars. "A strength
ening feature was the enormous local snip
menfs 943 600 bushels. Gables were sd low
err May ranged from 2912Q299sc TO 1850
2e1bc and closed shade lower at 297sc.
A very quiet session was passed in oats
Scarcely any interest was taken in the mar
ket and fluctuations kept within &c: There
was moderate selling of December and buy
ing May at 112c difference. A good cash
business reported, 100000 bushels sold
for shipment. Receipts We're 324 cars. May
ranged from 221sc to 22c, and closed shade
higher at 221sc.
Speculative trading in provisions was very
dull so dull. in fact. that fluctuations were
confined to 212c. Large receipts of hogs en-
couraged little selling early in the day,
chiefly on behalf of packers, but the slight
decline occasioned was eventually recov-
cred Demand for cash products was quite
active. H. the close January pork was I'M
changed at $S121a; January lard unchanged
at S42OQ4.Z212 and january ribs unchanged
at $415.
Estimated receipts for Thursday-Wheat
1856 cars; corn SEQ; cats, 410 hogs, $4,000
head