The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-20
RISE In NOVEMBER CORN
IT TOOK THE NATURE OF JUMP
IN VIEW OF A SQUEEZE.
Wheat Weak and Lower After + irm
Opening-Onts Also Declined-PrO-
visions Steady and a Shade Up.

CHICAGO. Nov 1s-The feature Of to-day's
Board of Trade session the furry in No
vember corn Fears of a corner in that option
caused an advance one time of 3a.c- The
close was at IIsc advance Leading futures in
wheat and corn though opening firm. were later
affected by q big Increase in the visible supply
and closed weak. December wheat &c lower,
and December corn &c lower. December oats
declined sc. Provisions were barely steady. and
closed unchanged to 2tac higher.
Wheat was active and strong for short time
following the opening. Considerable strength
was shown by Liverpool. where no strength was
looked for; there decrease on passage.
which also was unlocked for, and weather condi-
tions were unfavorable. although this now is
not much of factor. There were also smaller
worlds shipments than expected. At the start
there was fair buying by local professionals,
with some indications of covering by Satur-
days shorts. although this did not at any time
become prominent Prices irregular at the
opening, but the market quickly steaded
by the amount of wheat offered by commission
houses. and for time held about the top
os the opening range. When the visible figures
were posted however, the market quickly turned
weak. and for the rest of the session the trend
OF prices was downward, support, toward the
end being almost entirely withdraw from the
market The visible showed an increase OF
locIVJu Du- On the decline, early buyers
freely. but found considerable difficulty in dis
posing of their wheat. Northwest receipts were
S65 cars. against SIS last week, and 1.226 year
ago. Chicago receipts were s. cars, of con-
tract grade Total primary receipts 1872
0O6 bu. Seaboard clearances of wheat and flour
amounted to 4S3 900 bu. December wheat opened
at 71ssd14c. compared with Saturdays closing
price of Tic Ii sold at 715sc. then declined
irregularly 70l.c. where il closed.
Corn irregular, active for November and
In all options was firm. with wheat and on the
unfayorable weather. Shortly after the open
ing jump of nearly cents took place in No
vcmber. due TO fears of a squeeze. shorts scram-
out freely at the top. however. the leading sell
er being the speculator who is said to con-
troll the situation. and prices declined rapidly.
December. after showing hrnness for time, de-
pathy with wheat and closed weak and lower.
Receipts i6S ca-s. December ranged from
| 35KN56c to 357kc and closed sc lower, 35ssc.
Oats dull throughout Early some
strength was shown with other grain markets.
and with the unfavorable weather. but eas;ness
developed in December later. wheat and corn
declined. November was helped some by the
November corn strength. Receipts l2i cars.
December ranged from 22isc TO 2lA@2I7sc. and
closed isQLc lower at 21%m2l7sc November
closed at 2li2c, an advance OF &c
Provisions dull throughout. but showed
some strength early, in spite of the lower yar.:
| prices and heavy receipts. This was due most
| ly to sympathy with the grain markets. Pack
interest was shown The range of prices was
narrow January pork closed PIC higher at
| SlL62l2; January lard unchanged at S6S5, and
January ribs 2lzc higher at 1925.
Estimated receipts Tuesday: Wheat 175 cars;
corn, 800 cars; oats. $50 cars hogs 80, 600 head
Leading futures ranged as follows: