The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-05
BOOM In ALL CEREALS
BULLISH ENTHUSIASM UNEQUALED
FOR LONG PERIOD.
Advances in All Grains, Spot and Flu
lures, Exceed a Cent for the Day
Hog Products Also Higher.

CHICAGO. Dec. 4-Speculation on the
Board Of Trade to-day was such as to re-
call the great transactions Of Hutchinson,
Cudahy Kent. Ream and the other giants
who ruled the pits and swung prices every
session. Bull enthusiasm such as has not
been seen often in late years had posses
sion of the markets, and in spite of heavy
selling for profits every pit closed strong
December and May wheat both closed $50
11kc UP, December corn 11kQ11zc higher, May
corn 1c UP and May oats 116G1ssc higher.
Provisions closed 1Oc to 2212c advanced.
Transactions in wheat were on a scale
that indicated the Western country was
thoroughly aroused. The slight sag at yes
terday's close following yesterdays early
buoyancy, attracted buyers everywhere.
Both primary and Northwestern receipts
were reported rapidly decreasing. The cable
list did not respond to yesterdays sag and
later cables showed a marked improve
ment. Temptations to take profits in
duced many holders to realize, but with the
enthusiasm that seemed to prevail on all
hands early sellers became the best buy
ers. The countryman was practically in
control of the market. Outside markets re-
sponded rapidly to every bullish incentive,
and this strength was again reflected here.
Flour at Minneapolis advanced 10c. Dry
weather in the Southwest was reported
damaging to the winter crop, and news
was constantly arriving that wheat was be-
ing fed to stock. With all these influences
trade showed a steady advance. December
opened &c to sac up, sold 10 7512Gl 1850 ana
closed strong I3sd11kc higher, at 7514a75$sc.
May opened 1sQI4c to asq12c up and sold 10
1910, closing strong, 1ssQ1lRc higher, at
none OF contract grade. Minneapolis and
Duluth reported 743 cars, a total OF 1913 cars,
against 1,0S6 last week and $40 a year ago:
Primary receipts were 954 600 blu, compared
with 742,O00 bu last year. Seaboard clear
1883. 600 bu.
Corn lent its share of activity to the gen.
character with shorts covering and a good
demand present from the outside. Offer
ings at times were very light Wheat ac-
receipts and unsettled weather brought on
bull campaign. Trade was not heavy
but the market was under a constant nerv-
Gus strain. Country buying orders were
liberal December which opened AGlac
higher on good cables, advanced to $3.50
and closed strong, 1Bd1Ac up, at 6312d1
$3.50. May opened unchanged to sc higher
sold to the new record price of 67l4c and
closed strong, 112c higher, at &c. Receipts
were 103 cars.
Oats had a strong bull market all session.
Prices were higher to start, and, based on
light offerings, scanty receipts and a good
cash demand, constant advances were
made. Shorts showed considerable anxiety
to cover and bullish speculation did the
rest. Trade was heavy outside orders,
with countrymen the principals Ship
perS were all buyers on large scale. MAY
opened &c to &c higher, sold 10 a new rec
ord at 451sc and closed strong, 1ssQ112c up,
at 45Q45lsc. Receipts were only ninety
seven cars.
A good country demand for everything
on the provision list held hog products
strong. Grain strength helped materially
and bullish speculation aided in the adj
vance. January pork closed 2212c up, at
$l63712; lard 15c higher at $3.50, and ribs 1Oc
| up, at IS. 321h
Estimated receipts for to-morrow-Wheat,
20 cars; corn, 1O5; oats, los; hogs, A,OOO
/ head.