The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-13
GRAIN STILL ADVANCING
WHEAT HIGHER ON BULLISH AD-
VICES FROM EUROPE.
Corn strong on Light Receipts and
Oats i'm sympathy-Cash Demand
Forces Provisions Upward.

CHICAGO, Nov. 12.-Wheat was easy early
on the statistics. but rallied later on the Ant
werp advance and export engagements, and
closed firm, December &c Saturday. Corn
closed ssGIkc and oats 5sc higher January pork
closed 27lkasOc. January lard, l2lsc. and Janu-
airy ribs 12HGl5c improved
During the forepart of the session. wheat felt
the effect of the worlds shipments. which
were 5000 600 bu. compared With 100000 last
week December opened &c lower to unchanged
at 74G74Hc and for half an hour. despite
pressure from longs. held steady slightly under
first figures. At the end Of that time. however.
the price gave way and dropped to 7slzg1sSsc-
An advance at Antwerp of 80 centimes, equal
TO 2l5c here, was reported, while longs were
busy unloading and some bears were going short.
and a shift CT sentiment took place. The ad-
vance was taken continuation OF Argentine
damage reports. December began to recover
gradually, and later, when it learned that
local houses were doing liberal direct ex-
port business, prices advanced sharply De-
cember climbed to 74lsuIi7sc, and closed firm,
&c over Saturday, AZ 7iIsc. Local export sales
were reported at $50 loads while New York
claimed 5 loads. Seaboard dearances. in wheat
an flour, were equal to $1,000 bu. Primary
receipts aggregated l,11S.Ooe Blu, compared with
1.2s1.oO0 last year Minneapolis and Duluth
reported SIS cars, against S3i last week and
1,264 a year ago. Local receipts CA ears,
2 Of contract grade. The visible increase. &C.,
coo bu. was about expected.
! Corn was firm and fairly active market, al
| though the volume of trade was smaller than
the closing days OF last week The opening
| triae easier on the excellent weather.
| and in sympathy with wheat. Country offer
| ings, however, despite the weather
| lipFf he n
ued fairly good. Shorts were sti uneasy over
the stocks, and the visible decrease Of L. OO0
| bu not reassuring. Upon its announcement
the market advanced sharply and held firn,
| December sold between 35A and 36i2c, and
| closed firm. %9l3c higher at S6hGSGssc, Re-
ceipts 335
| Oats ruled steady and frmer in tone. prices
being helped by the strength business
| was light and the trade bare Of features.
There far-siZed interest wanting to change
| December and May at &c difference, hut little
| was accomplished in this line Country offer
| inss were light and receipts only 113 cars. De-
| cember sold between 221s and 22A q22sc, and
| closed lsc up at 22hc.
Provisions were fairly active and strong. The
| market opened higher a light Uf hogs
| and higher prices at the yards. Packers offered
| very little the advance which impressed
| shorts that the price hid sharply UP. A
| strong cash demand reported AMI this
| also helped in advancing futures. January pork
| sold between Its1le and s1lS2R, and closed
27ls4S0c Saturday at S11..0; January lard
| between S6.S2n and 1924. closing !219c higher
| al $780, and January ribs between s6.15 and
s6.2ll4, with the close 12lsc higher at s6.22l2
| QG25.
Estimated receipts tomorrow: Wheat. 2s5 cars;
| corn, 475 cars; oats 1s5 cars hogs, % 900 head.
| Leading futures ranged follower