The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-16
END OF THE LONG SLIDE
WHEAT sTEADIES, AND THEN MAKES
A SMALL GAIN.
Up-Oats Firm and Unchanged
Good Gains in Provisions.

CRGAGO. Nov. 15.-Wheat having been sold
to a standstill rallied to-day, chiefly on profit
taking by shorts, although there some news
of a bullish hue December closed &c yes
terday Corn closed shade higher and oats I'M
changed Provisions advanced on light hog re-
ceipts. January pork closing s2isc. January lard
sc and January ribs zoe higher.
At the beginning of the session the talent
beheId a paradox, the market steadying on bear
ish news Liverpool fully reflected the decline
here yesterday. and shorts taking advantage of
the liquidation. which was renewed In moder-
ate way on this fact. covered to insure profits.
Thus, December which had opened 40 lower
at 72Ac to 723sc, rallied to 72%c. This trIfing
rally brought out more wheat, with the result
that December dropped to 71Ssc, low price for this
crop. Here the market gave evidence Of having
been sold to the last speculative bushel. and
prices steadied with jerk. The long wheat.
which shorts had sold at the start, was less In
evidence. An Argentine cable reported 40 per
cent damage to the crop Of that country, and
while this was denied by others later. 1t had its
effect among shorts. The opening Of recently
closed mills at Minneapolis also had it's effect.
and December advanced to 72%q72%c, around
which figures the market held steady the remain
ing hour of the session. The rapid Accommodations
of stocks and the prediction of good increase
IN the visible and in worlds shipments initiated
was largely local throughout and no heavy guam
titles Of wheat changed hands. AS result of
the December covering the December-May diff
ference narrowed to 3isq3ssc. New York reported
thirty loads taken for export Seaboard clear
ances in wheat and flower, were equal to S7s,o00
blu. Primary receipts were 71s, 900 bu compared
with 1000 bu last year. Minneapolis and Du-
luth reported $50 cars against 426 last week and
7e6 a year ago. Local receipts were 81 cars 10
OF contract grade.
Corn was able to stand alone. and did 20.
helped By a good shipping demand and the stif-
backed attitude maintained by young operator
credited with being In control OF the market.
Country offerings from Iowa. Indiana, Illinois
to- morrow was not suggestive that there was
any rush among farmers to take advantage OF
to market despite the premium No. corn Ia
now commanding in Chicago for delivery this
month The market was not active. and the
account. Receipts were sA cars. and this num-
Der being "a cars In excess OF the estimate.
December sold between ssagss,sc, and closed .
shade higher at 357sq36o.
Oats were quiet and firm. Receipts were only
log cars. 81 cars under the estimate. and the
estimate for tomorrow gave no indication Of
mand was restricted TO prices at which business
could not be done prohtably. December sold be-
tween 217sQ22c and 22922,tc. and closed un-
changed at 22c.
Strength and a fair amount of activity held
sway in the provisions p pit Packers and COM
cover shorts. The market was influenced by a
run of hogs 1000 under the estimate. and by a
uary pork sold between sss and and
closed S2lsc over yesterday at 81: SPA January
lard s anS s Ss closing ss nFn
$685.. with the close zoe UP at $685..
Estimated receipts tomorrow; Wheat, Us cars;
Leading futures ranged as follows: