The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-10
GOOD ADVANCE IN GRAIN
STRONG CABLES AND EXCELLENT
DEMAND IMPROVED WHEAT.
News of "a BulIish Character Predom-
mated Most of the Dny-PrO-
visions Scored Declines.

CHICAGO. Nov. with the exception of
provisions, everything on Change was strong
and made good advances. Strong cables
and excellent cash demand at higher prices
and intimations of war development over
night abroad, drove shorts to covering
wheat and resulted in 3sa1zc advance. Wet
weather was one Of the bullish factors in
corn, which advanced 1sGhc. Oats. adj
vanced &c. Provisions We're weak on large
hog receipts and 5@15c lower
There was plenty of news of a bulish
character at the opening in wheat to justify
the Ac advance with which that market
started. The opening price for May was
66$sQ6612c. 1t weakened a trihe shortly
after the opening, a few sales being made at
66AQ66asc. But this was only temporary.
Under d fairly strong demand from shorts
and moderate amount of investment buy
ing, the price advanced pretty steadily for
over an hour, finally getting up to &c. There
a marked scarcity of offerings during
this time, but at the best the demand was
only moderate. The strength was mostly
due to an advance at Liverpool of 11kG1Ad
over Mondays figures and notwithstanding
the fact that English consols were strong,
traders looked on the Liverpool advance as
an indication of uneasiness over the political
SltudtlOIl IuelF DeleI was SIfenSJ neneQ Dy
limitations that Lord Salisbury's speech to-
night would be rather sensational Broom
hall cabled that the strength at Liverpool
was partly due to scarcity of spot wheat
Liverpool receipts were only 129, 600 bushels,
all American wheat. The seaboard reported
an excellent export demand and placed
sales at over so loads Cash wheat both
here and in the Northwest was strong and
higher and the demand showed consider
able Improvement The increase in the
worlds visible was 100000 bushels. This
was less than expected. Receipts in the
Minnesota and Duluth reported 1854 cars
since Monday, compared with 1851 for the
corresponding two days last week, and
2,426 last year. Seaboard clearances were
moderate. 661 600 bushels. Primary receipts
for two days were 1912 bushels. Covering
in trading. After the advance to &c the
market became exceptionally dull, though
the price was well maintained for some time.
During the afternoon, however, 1T eased off
somewhat, though no weakness developed.
May closed at 663sQ664c.
Corn was slow, but firm. There was a
good cash demand and this with the wet
weather and higher cables made bears eau
tious Heavy shorts We're good buyers,
feature of trading. Clearances were 47SOOO
bushels. Receipts We're ATS cars. May
ranged from 34a341s to $3.50 and closed 40
Tho market for oats was uneventful
Prices were steady at a small advance. bad
weather in Illinois and sympathy with
wheat and corn being the leading factors.
Trading was very small and price fluctua-
tons insignificant Receipts were 1863 cars
May ranged from 244Q247sc to 245sc and
closed at 245s024$4c.
Provisions were dull and were heavy
throughout. decline in hogs started the
market at a small decline and moderate
selling pressure from packers with no de-
mand forced prices steadily downward. The
market was at it's weakest at the close.
January pork closed 15c lower at $3.50, jan
uary lard 10c lower at $492h and January
ribs sc lower at $500.
Estimated receipts for o-morrow-Wheat,
42S cars; corn, 677 cars; oats, 3S9 cars; hogs,
36, 900 head
Leading futures ranged as follows: