The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-22
Bullying ON A SQUEEZE
NOVEMBER CORN Up NEARLY -FOUR
CENTS, To FORTY-FIvE.
other Markets Helped, Wheat Rising
HaIf-smalI Changes i'm Oats
and Provisions.

CHICAGO Nov. a1-Corn was again the big
market IN order of trade to-day. Il more
apparent than ever that November corn was
nereG and that option bid up SIC. closing
that much higher. December closed ssc higher.
Wheat was helped little by the strength.
local buying causing an advance OF &c at the
close Oats closed a shade lower and provi-
sions uaohar gel to TIC higher.
Though opening fractionally lower wheat did
show any particular weakness during the
first few minutes trading, in spite nf the m-
proved weather conditions. firm cables sustain
ing prices. There was. however, almost TO-
tai absence of buying orders. Local traders were
n"s in the market ana outside support. If any
was intended was prevented by the demoral'zed
condition of the telegraph. due to thu storm.
This fact was at taken advantage Of 10y
the local bears who raided the market vigorous
ly AMI hammered the price of December down
re before support WIS given. December openHo
&c lower at so% a703sc. 1t sold for moment st
51c, then hoped 7clkc, but at that point COW
ering 10y shorts started, the demani cont,n-
Ing until the price had advanced to 71Ac. That
buying apparently cleared up the short interest.
as prices again sagged, with buyers in large
majority, but toward the close the strength of
corn and renewed local buying again sent prices
upward, and the best price of the day
reached shortly before the close, December
TOT ching 7115c The close was firm at Tlss971lsc.
Northwest receipts were 4ss cars against s9l
last week and GA year ago. Chicago receipts
101 cars, of contract grade Total pri
mary receipts were u.s. 600 bu An excellent cash
inquiry was reported both from domestic mlers
and Eastern exporters.
The corn pit full all day Prices were
firm at the opening. notwithstanding the favor
able weather. which gave rise to hopes of a
freer country movement. The crowd evidently
thought we'll of the prospects and became free
| sellers of both May and December. In the
| meantime November, which showed an opening
| advance of a cent, had declined to 41l5c, 14c
above yesterdays closing price. From that point
| 1t advanced 12c at time under bidding by
scared shorts until Acc had been reached. De-
| cember too, turned upward, shorts being driven
in by buying in the interests controlling the No
venber deal, and during the latter part of the
| session the market showed great strength. No
vember closed at 45c. an advance OF 3Ac. De-
| cember ranged from 36c to 35hc, and closed sc
higher at 355kc. Receipts Were 34S cars, only
| fourteen of which contract grade.
Oats extremely dull all day. with trading
mostly in the way Of changing from December
| to May. at slight widening OF the spread The
market fairly steady helped by the corn
strength but closed at slight recession. Re-
ceipts lights December ranged
from PKG to 213s@22c, and closed shade lower
| at 2l%q217sc
Provisions were dull but steady. There was
| good cash demand for products CT all kinds,
| and this and the strength Of wheat and corn
sustained speculative futures. At the close jan
uary pork s1zc higher at s11.s2h: January
| lard unchanged at s6.S7ls, and January ribs
/ shade higher at S6.32lz.
/ Estimated receipts Thursday: Wheat So cars:
(, corn $50 cars; oats, liz cars; hogs, sc. 900.
| Leading futures ranged as follows: