The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-11-26
GRAIN STRONG
CORN ESTABLISHES A GAIN OF A
FULL CENT AT THE CLOSE.
Oats Fr~actiOnalIy HiSher-Wheat n
Shade Down Under COntending In
ADMINISTRATIONS Stronger.

CHICAGO, Nov. 25.-Strength in the
coarse grains led to general bullish activity
on the Board of Trade to-day and Decem-
Der wheat closed a shade lower, corn lc
higher and oats kqAc up. Provisions
closed zoe TO 4219c higher.
Smaller receipts than were estimated on
Saturday, a strong demand and the APP
proach of delivery day for December OPP
tons brought a nervous and irregular open
ing in corn, with December &c to sc higher
at 614c to 621kc. Gables were firm, and
commission houses had good buying orders,
which were at times augmented by a good
support from professional bulls. Shorts
covered eXcitedly. The cash situation
was strong in the country. where farmers
want corn badly and are slow in parting
with it. The visible supply also decreased.
Under these influences December soon sold
up to 625sc. Later, on profit taking, prices
reacted, but the demand from shorts was
so strong that all setbacks were overcome
and December reacted to &C. The close
was strong after another drop, with De-
cember at 621kc. Receipts were 100 cars.
Wheat had a nervous market, fairly &C
tive at times within a narrow range.
Gables were a little higher as a result of
the better feeling here on Saturday, and
December opened a shade higher to a shade
lower at 722s@724c. Absence of rains in
the Southwest and liberal clearances
helped prices up to 7212c early, but traders
were more interested in the coarSer grains,
and on the report of the big increase in
the visible supply and on liberal receipts,
December sagged to I2lsc. On the low
prices a moderate outside demand APP
peared and prices reacted. December
closed steady, a shade lower, at 72Lc. Lo-
cal receipts were Isl cars, 46 of contract
grade; Minneapolis and Duluth reported
1893 cars, a total of 1,450, against LAS last
week and $50 a year ago. Primary receipts
were 1,64S,00 bu, compared with 100000 bu
last year. Seaboard c~learances in wheat
and flour equaled $4,000 bu- The seaboard
reported IL loads taken for export. Worlds
shipments were 10, $1,000 bu, compared with
1872, 600 last week. BreadStu1S on passage
decreased los, 900 blu.
Oats opened firm in sympathy with corn
and on a strong demand and light offerings.
Trading was broad and active throughout
the session, especially for the July option.
December opened %Qhc lower at 427s443c,
but profits here were too tempting and
prices sagged on realizing. December even
touched 1sc under Saturdays close, but
the tone of the market held firm and De
cember reacted to 43Q431sc. The advance
checked the cash demand somewhat and
December closed firm, hdAc higher at
429sQ424c. Receipts were l2 cars
Provisions were fairly firm with higher
tendencies. The market broadened stead
ily under the incentives of curtailed re-
ceipts and the light weight of hogs re-
ceived. The outside demand was improved,
demand. January pork closed 4219c higher
at $15.S7ta; lard, 32hc up at $9.l2h, and
ribs. 20c higher at $S.01h2.
Estimated receipts for tomorrow:
Wheat, 95 cars; corn, 90 cars; oats, $40 cars;
Teedinp futures ranged as follows.