The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-12-30
SIMPLY SCARED
ADDED PRACTICALLY TWO CENTS
TO THE PRICE or FRIDAY.
Other Grains and Provisions Felt IN
influence, and Closed at Substan-
tial Gains ON n Day.

CHICAGO. Dec. s9.-wheat was a Luoyant
market to-day under the stimulus of lighter
Northwest receipts and stubborn cables. May
closing 1zs@2c over yesterday. other markets
rallied in sympathy. corn closing hqSc. oats
sake and provisions 21z9I2=c higher. There
will be no session CT the Boar6 OF Trade on
Tuesday, Jan. L
For two and a half active. strenuous hours.
the usual duration OF the Saturday session OF the
Board Of Trade, wheat displayed an ehervesceni
spirit. During the first hour there was more
speculative business than during the whole ses-
sion OF any other day this week. The first SYM
ptoms of buoyancy and strength brought back
from the alluring stock market many deserters
from the grain pit. May wheat opened un-
changed at 73kc, but quickly responded TO buy
ing orders from all sides Of the pit. May adj
vanced. growing more active as IL SCARED until
15Izc was bid. Over &c offerings were a b;
freer. but they quickly ceased when the breadth
of the demand became apparent. and not Till the
price was well over 7c did the selling pressure
assume sufficient weight 10 affect the price. From
the top May eased to 74%c. but here the clamor
CT shorts was renewed and a recovery ensued.
May closing rsG2c over yesterday at 75hG75hc.
The foundation of the markets strength lay in
the recent stubborn hrmness OF foreign markets
and. to a greater degree, in the falling of in
Northwestern receipts. The week. receipts at
Minneapolis. Duluth and Chicago aggregated
LIST cars. LOS cars less than the previous week.
and 1,50 cars under the receipts at those points
the corresponding week a year ago. To-day's
receipts were 316 cars. against Gao last week and
All a year ago. OF these Chicago reported LIS
cars, IL of contract grade. These figures served
as a basis for the assertion that Northwestern
receipts had at last entered upon a prolonged
reduction which would finally substantiate the
government report that less than S5.OO.C0 be
had been raised IN the three great spring wheat
States OF the Northwest. Primary receipts were
445, 900 blu compared with 426, 90 bu a year ago.
Exporters reported 25 loads taken Seaboard
olesrances, in wheat and flour. were equal to
10000 blu.
Corn was fairly active and firm. but owed
most of its strength to the substantial rise in
wheat. Moderate receipts, $40 cars here. small
country offerings and "A shipping demand which
were contributary factors. Some heavy short
lines were reported covered, or at least sub
s~tantially reduced. May sold between 36Ac and
367sc, and closed 1zQ3sc higher at 36Aq3s5sc-
The oats market was waited upwards by the
favorable breeze which struck wheat. The mar
ket at times was fairly active under covering
by shorts, but at the close the important short
lines were intact. Receipts were 2l5 cars. May
sold between 23%G23s and 24sc, and closed
h0Ac up at 24M24bc.
Provisions were fairly active. opening firm on
light hog receipts ana advancing later In SYM
pathy with the wheat strength. January pork
sold between s12. 22lsd12.Sc and l2.32is. and
closed 211c higher at 81. 22ik; January lard be-
tween SCI ana 81. 80, closing 12lzc VI at SIS and
January ribs between Sc. 3066. 32h and se.42iz.
with the close 12lzc improved at ss.42k.
Estimate receipts Monday; Wheat; s, cars
/ Leading futures ranged as follows.