The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-12-19
CORN is RISING RAPIDLY
DECEMBER BULGES A CENT AND A
HALF, JANUARY FIyE-EtGuTHs.
wheat Weak, Closing L~cwer-Oats
Firm and n Shade Higher-Provf-
sions Down on Big Hog Receipts.

CHICAGO. Dec. 1s.-It was corn first and the
ether grain and provisions markets nowhere to-
day. December corn, under active bidding by
shorts. was forced up another cent and q half
while January shorts also showed nervousness.
that option closing at an advance of sc. May
closed unchanged. Wheat was weakened by
favorable Argentine crop conditions and a large
exportable surplus, and declined sc. Oats
closed a shade higher. Provisions closed 21z9
TIC down.
Corn started with a rush that apparently in
dicated considerable alarm among shorts. With
stocks of contract stuff already low, there was
not a single car of contract corn among the
73S which were inspected to-day, and shorts
who were holding off in expectation of a re-
| action were driven in. January shorts, for
| the first time, showed nervousness, and the
price of that option advanced quite rapidly for
a time. under active bidding. May alone
dragged, although there was a fair demand for
that future. Starting at 4O@4Oizc. an advance
Of 1sa1c, December corn Jumped to 4lc in the
first few minutes trading. while January, open
ing unchanged at S6sqS6i4c, advanced to S6Ac.
After the first furry was over trade quieted
somewhat, but near the close the market again
showed considerable strength. Shorts renewed
their attempts to cover. December advanced
to 4c and closed at that price. January adj
vanced to SIC, and closed at s6A@S67sc. There
was quite free selling of May by elevator peo-
pie. whenever that option hardened. May
ranged from Sslsc to S6AQs6%c. and closed un-
changed az SsAc. The worlds visible decreased
7cS. coo bu.
Wheat opened steady at a slight advance
Higher quotations from Liverpool gave the mar
ket a firm undertone. though little improve
ment I'm the trading developed. For some time
the market held steady within an exceedingly
narrow range and on a small featurefess trade
gentine cables told Of a large acreage in that
country. and also reported a large exportablt
surplus. Primary receipts were heavy and q
I, continued free movement toward primary point:
was reported. A worlds visible increase OF
1892, 600 gu added to the depression, and some
Of the. most prominent bulls were sellers late
in the session. May opened a shade higher a
73AGI35sc. declined TO s2isc. and closed at 72ssc
Northwestern receipts were 4S1 cars. against 46
last week and 23 a year ago. Chicago receipt
were 2SS cars. none of contract grade. Tota
clearances OF wheat and -four amounted L
662. 600 bu.
oats were featureless but firm, with corn
Receipts were S3l cars. May ranged from 237st
to 2SAc, and closed a shade higher at 2SMc.
Provisions were dull and weak. There wers
too many hogs received at the yards to sui
traders, and prices suffered. The cash business
December closed 7Ec lower at Sl2O7ls; Januar,
lard 2lsc lower at s6.s2hs, and January ribs 2k
lower at 81. 221k.
Estimated receipts Wednesday: Wheat, 10
cars; corn, $50 cars; oats, 165 cars; hogs. 2, 90
head.