The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-07
GRAINS NOT 50 ACTIVE
AFTER MIDSESsION DECLINE ALL
CEREALS CLOSE
Trading in Not So Great Volume as on
NEUTRALITY-SUSPICIOUS. Close Tn
changed to n Little Higher.

CHICAGO, Dec. 6.-Trade on the board
was comparatively dull to-day after yes
terday's bulish enthusiasm. Profit taking
and early bearish conditions led to lower
prices all around. but fairly strong revival
of buying brought a reaction and December
and May wheat closed each Ad2sc up; De-
cember corn, unchanged; May corn a shade
higher, and May oats lsc higher. Provi-
sions closed unchanged 10 71kQ10c higher.
Wheat started in with a small demand
which was taken TO indicate a continuation
of the bull movement. This brought good
advances at the opening. but profit taking,
dull trade, poor cables and outside de-
clines brought a sharp slump. Late in
the day strength at st. Louis and buying
orders from the Southwest started general
buying again. During the last twenty
minutes prices jumped forward and back
ward &c. Though all the advances were
not held, the close was very firm. Decem-
Der opened sc up at 76Ac. sagged of to 1875
reacted and closed firm, Ad%c up, at 1880
76c. May opened hc to sc up at @l2c, sold
to S0Ac, fell to 1850, reacted and closed
firm, Aq3c up, at 797saS0c. Local receipts
were 46 cars, l Of contract grade; Mime
apolis and Duluth reported 754 cars, a total
of 500, against last weeks 1.-TWO days. 1,64S
cars, and 525 the year before. Primary
receipts were 1.165,OOO bu, compared with
S99, 200 bu a year ago. Seaboard clearances
in wheat and flour were $4,000 bu, Argen-
tine shipments were 5000 bu, against sou
last week.
Corn was moderately steady, trading be
ing narrow, comparatively, and limited TO
local interests. There was a lack of out
side support and fears OF an increased
country movement and slackened shipping
demand induced many holders to realize
in anticipation of a setback from top prices.
Gables were slow, the cash demand nothing
extensive, yet prices opened well up. The
slight early demand, however, sagged and
with II came a slump in prices. Toward
the close wheat strength helped materially,
but the closing figures were only steady.
December opened AQAc higher, sagged hc,
reacted and closed unchanged at 6414c.
May opened a shade to AQfsc up, lost 4c,
reacted and closed steady, a shade higher,
at 674c. Receipts were 100 cars.
Oats had a comparatively small trade
over a narrow range with almost feature
less operations. Prices opened slightly
higher on a fair commission house demand,
which, however, fell of early and with ii
prices. Late in the day the commission
house demand sprang up again, partly in
duced by lower prices and there was a fair
reaction. May opened kc UP, advanced 10
457sd46c, fell to 45Ac, and closed firm. 1sc
higher, at 45&c. Receipts were PA cars.
Provisions were dull and steady, ruling
higher early, easy later and recovering
toward the close with firm undertOne. Jan
uary pork closed 715G10c higher, at $l6.671kd
II. 20; lard PFC up, at $9.771s and ribs un-
changed, at $3.50.
Estimated receipts for tomorrow: Wheat
60 cars; corn, 135 cars; oats, 1876 cars; hogs,
26,Oo0.