The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-03
BETTER WHEAT PRICES
HEAVY ENGAGEMENTS FOR EXPORT
GAVE BULLS AN INNING.
Easy to Raise War Scare over Rus
sia-EngIand COmpIicatiOns-PrO-
visions Take n Jump.

CHICAGO, Nov. 2.-The enormous quantity OF
wheat taken to-day for expert made D ices for
that cereal strong at the close. December wheat
finished &c higher Corn advanced &c. Oats are
a shade higher. Pork rose 15c lard rose 1O6D12l5c
and ribs 5a71zc
Rumored complications between Great Britain
and Russia gave wheat a firm start. The oren-
ing advance was added to by heavy foreign ac-
ceptanoes, New York early in the session report
ing fifty boatloads accepted on last nights cable
offers to the other side and Chicago house also
had fifteen bcatloads accepted direct. English
ccnsols were CSC lower to start wi and the
Northwestern receipts were somewhat lighter than
the recent average. The seaboard cIearances were
not extraordinarily heavy, however, while the
aggregate Of Western primary market receipts
was enormous, amounting to 1,5S5,OOO blu, against
1,12S,OC0 the corresponding day of last year. In
addition to this the early drop in Britt h consols
was fully recovered about the middle of the ses-
sion. That tco much fer the bull enthusiasm
and the market dropped back to the opening price
before 1t took another upward flight. Chicago
ceived 301 cars. compared with 125 the correspond
ing day of last year, while Minneapolis and
Duluth reported S66 cars received, against SlS
year ago. The seaboard cleal ances of wheat and
-four were 100000 blu. Near the close it was
ported that export takngs at the seaboard aggre-
gated 10 boatIoads or 1,S6O,O CO bu, and Buda-
Pes,h was reported sac higher The amount of the
New YORK export business was much in dispute,
but that it was heavy was generally lieved.
The market here became very strong and closed
within a fraction of the high point of the day.
December opened a. shade higher at &c s(1661ac,
sold at 664 @66ssc, rose to 6615c reacted to 66Ac
then advanced quickly to 67Ac and closed at 671sc,
buyers.
Lower cables and the expectation of increased
receipts on account of the improved weather
weakened corn at the start. A great ueai OF long
corn was sold and for time the coul So Of the
market was downward. In the last hour of the
session the tendency changed with wheat and in
the end became strongly upward on heavy buying
by shorts. Receipts were 1862 cars. December
started 1sGAc lower at S2@y21sc declined to S17sc
then advanced to $780, sellers the closing figure
Oats relied on corn for their strength The SELL
ers of yesterday changed their views and bought
back what they had disposed of. Receipts were
20S cars. May began shade lower at 24%GD24Mc
declined to 2412Q245sc advanced to 247sQ25c, then
reacted to 24ss724a4o at the close.
The Unexpectedly heavy decrease in stocks of
lard during October caused an improvement in
provisions. The reduction I'm stocks was 81, 900
tierces and it said that the worlds stocks rad
been reduced $4,000 tierces The English houses
opposed the advance in prices and sold heavily of
lard. January pork opened unchanged to sc high
er at $S-90qS95 and advanced to $905, the closing
figure January lard started unchanged to SC
higher at $4.S71h@4.921a and sold up to S. at the
close January ribs began 21z@5c up at s462lh,
sold at $4.6OQ46215 rose to s465D4671s and closed
at $4.65.
Estimated receipts for to-morrow-Wheat, 800
ears; corn 400 cars; cats. 500 cars; hogs, 10000
Leading futures ranged follows: