The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-12-09
GRAIN IN STRONG TONE
WHEAT TENDS STEADILY UPWARD
ON A VARIETY OF CAUSES.
Corn and Oats Close Higher, and Pro-
visions Are Active mt Material Ad-
vances for the Day.

CHICAGO, Dec. s.-Wheat ruled strong
to-day. supported by light receipts. rain
in Argentina and the firmness of Liverpool,
May closing sake over yesterday, at
70sG70Ac. May corn closed CSC, and May
oats a shade higher Provisions, strength
ened by good shipping demand. were strong.
closing 71kG1Oc up for May lard and ribs.
and zoe higher for May pork.
In the face of light receipts, the firm
ness of Liverpool occupied second place as
a factor in the strength of the wheat
market. AT the opening, when May, at
69sQp70c, showed a gain over night of
hQAc, commission houses were in the
pit with a plenitude of country orders,
but those were mostly for small lots. Their
buying, together with purchases made for
the short account, was sufficient to boost
the price. the ascent early carrying May
to 7OAc Bullish sentiment was emphatic.
and aside from some vigorous selling
against calls which pushed the price back
for slight losses, there was nothing infiu-
entail enough in the statistics to depress
the market. Early statistics of a bu,lish
nature were reinforced later by con1rma-
ton Of the report of ram in the Argentine,
where harvesting is on. The inactivity of
trading was due principally to the dispo-
sition of traders to await some fresh in
spiration of greater stress on previously
existing supporting features. May at the
close was SG15c over at 7OQ70Ac. New
York reported foreigners buying and
twenty boatloads taken for export Clear
ances were very light, equal, in wheat and
flour, at Atlantic ports, to 5000 bushels.
Primary Western receipts were $4,000 BUSH
els, against 1,40S,0 900 a year ago. M!nneapo-
lis and Duluth reported 400 cars, against
929 for two days last week, and S57 the cor
responding day last year. Local receipts
were fifty-two cars, eight of contract
grade.
Corn was firm which was due to the
wheat market, although reports OF small
country acceptance to last nights bids
came in, according to-recent habit. Inc
shipping demand was slow at the rail tariffs,
and the market was dull-almost completely
in the hands of local dealers. Clearances
were 362. 900 bushels and local receipts 295
cars Primary points reported receipts OF
3S6. 400 bushels, compared with 529,SOO last
year. May ranged from 329sqSSc, closed
at 33c.
Oats were firm because the other grain
markets were. The cash inquiry was any
thing but clamorouS. ClearanceS were
As. 600 bushels and receipts here 1913 cars
May sold at 24G24lsc, closing shade over
Yesterday at Alsc.
The provisions market was strong ana
broad, more like an outsiders market than
anything seen here in weeks. The advance
was in spite of liberal hog receipts, the
excellent demand from the outside overcom-
ing all conditions of depressing tendency
The opening was firm. and the advance
firmly maintained on an active marKet
May pork ranged from s9S21s to slo.4z1s
and closed zoe over yesterday at $40. May
lard from s5.471z to $55SG$5.571a. closing
2IhG1Oc higher, at s5.521zG5.55 and May RIBS
from $5.27lA to s5.35q6S1,5 closing '1s@lo
better at s5321s@5.35.
Estimated receipts tomorrow: Wheat,
sixty-fve cars; corn, 80 cars; OATS HV
cars; hogs, %, 900 head.
ron a follows.