The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-11-17
WHEAT MOVING UPWARD
LIGHT RECEIPTS AND STRONG CA
BLEs GIVE THE BULLS A CHANCE.
Corn and Oats Follow the Lender to n
Higher Level on Small Offerings
and Heavy Shipments.

CHICAGO. Nov. 1e.-Wheat, influenced by
the steadiness of cables. the smallness of re-
CENTS and the strength of outside markets
ruled firm to-day, closing A63sc over yes
terday. Corn, affected by light country Of
ferings and the strength of wheat. closed
ka3sc higher. Oats closed 1saAc up, and
provisions slightly lower.
Evidently in full agreement with the reci-
procity theory, wheat here opened firm in
RESPONSE to the strength of Liverpool to-
day. the latter market in turn ascribing it's
steadiness TO the frmness here yesterday
December opened Ac over yesterdays close
at 673sc, and May &c higher at 713sd711bc
The trade was exceptionally dull, and fiuc-
tuations were within a range of 1Ic. The
price early eased off a shade on selling
against calls, but the depression was only
momentary, for bull sentiment had at last
apparently become preponderant. Outside
markets showed advances, and the CONT
nent was generally higher. St. Louis was
reported to be buying in the local pit, and
it was believed that exports would pick up
with the reduction in ocean freights. Re-
ceipts were small, and the demand from
flour mills reported improved. On buying
by shorts and traders December advanced
to 6!s4c. and May to 15sG71Ac. Both op-
tons eased off on profit taking late in the
session, December closing NC over yester-
day at o71kc, and May Adssc better at 711ac.
Primary receipts were 900 bushels, COM
pared with 1,604,000 a year ago. Northwest
receipts were 766 cars. as against IA last
week and 1,410 last year. Receipts here
were fifty-five cars Of which twenty-one
graded contract. Clearances were 59l 900
bushels, and the seaboard reported
fifty loads of Duluth wheat sold for export.
Corn ruled firm the strength of wheat and
light country offerings being the chief in
fiuences. Trade was dull. The opening was at
a gain OF 1s9Ac over yesterday. December
at 3lA631ssc, and May at 321s9325sc, but at
these prices there was little offered for sale.
Bids made by local dealers in Illinois and
Iowa last night almost entirely failed to
bring out the cereal wanted. 1t was report
ed that feeders are paying over the Chicago
bid. and farmers are holding their stocks for
higher TOO prices mere aieeeipi I Were ngnt,
ed to decrease about 10000 bushels. Allan
tic port exports were 626, coo bushels, and
the foreign demand was said TO have been
bushels, compared with $4,000 year ago.
December ranged from 31Ac to 315sc, and
closed A@3sc over yesterday at 3llac: May
hig lEsp at trS Sac. 10 '-''' CLOSING '4'
Oats were strong, in sympathy with other
grain markets. feeling also the strengthen
ing influence of a large shipping business in
barley, 100000 bushels having been disposed
of in this way. The market was dull. Re-
ceipts ere IA cars. December ranged from
z212n 22esc to 2224c, closing &c higher at 22Ac.
May ranged from 237sq24c TO 24lsc, closing
KGKc over yesterday at 246241sc.
Provisions were easy but inactive. and
too narrow to be of significance. There was
some selling, but the demand was slack.
Hogs were lower. and the supply liberal.
Tc nrlx SR q Ia n
uary lard 21ac under yesterday at s5.05: and
January ribs a shade lower at $4.S71sG4. 90
There was practically no trade in December
products.
Estimated receipts tomorrow: Wheat
30 cars; corn, $50 cars; oats, 100 cars; hogs,
26. 600 head.