The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-19
More Than a Cent Added to the De-
cember Price, After a Day OF steady
Advance on Short Covering.
OATS NEXT TO CHIEF CEREAL
CORN GENERALLY STRONG, WITH A
RISE OF A MAJOR FRACTION.
Provisions Easy, with Some Selling
to Five Cents Loss.

CHICAGO Nov 1s.-The prediction OF smaller
receipts in the Northwest was realized to-day
when a considerable falling off in arrivals OF
wheat shown in spite OF favorable weather
for the movement. and a result the market
ruled strong. December closing at an advance
of lac. Corn was up %G7sc. oats were lbqlhc
higher and provisions closed about unchanged.
The feature in trading in the wheat pit was
the urgent demand for the December delivery.
with very little the market. and as result
of this combination the price took a sharp up
turn. With the exception of the continued favor
able weather. conditions in general favored the
bulls cables being higher. receipts in the North
west smaller and the cash demand much i'm
proved. There good scattered demand for
both December and May at the start. and the
former month opened hgAc to &c higher at 7sc
TO 7SAc. Outside markets were all higher, with
those at Minneapolis and Duluth showing espe
cial strength. Fears on the part of December
shorts that deal was about TO be sprung on
them by a big local operator were the primary
cause for the sudden anxiety to cover short lines
and these fears were strengthened by the report
from Duluth that big line there held by the
same operator had been sold for Eastern chip
ment. which would cut off this source of supply
for filling December contracts. AS the price
advanced there consi6 rable buying by
commission houses stop-loss orders. which
added to the strength. and during the last hour
the price rose rapidly. December selling up to
791sc The close was at 79q794c, gain Of he
CIearances Of wheat and flour were equal to
1720Jo Blu. Primary receipts were l.261,0Oo bu
against ISIS? 200 year ago. Minneapolis, Duluth
and Chicago reported receipts OF 6SS cars, against
$40 last week and s5l year ago;
During the early part of the session there
was tendency on the part of local bears to
sell corn, influenced by the favorable weather
and lower cables. and prices held steady Late
in the day the strength in wheat brought out a
fairly good demand and with smaller offerings
the market became stronger Closing prices Were
at the top. December being up %U7sc at 42lsc
after selling between 1850 and 429sc. Receipts
were 139 cars, eight Of contract grade
There considerable buying by shorts in
December oats. and the market ruled strong,
helped to a large extent by the advance in
wheat. After ranging between 33l1c and 34Ac
December closed 1ha1Ac higher at 3ihsc Re
ceipts were Ill
Provisions ruled steady at a small decline for
all products Liberal receipts OF hogs and lower
prices at the yards had depressing influence.
About the only feature was the selling of Janu-
airy lard by a commission house and buying by
pit traders. January pork closed unchanged at
s11.k7z. lard was 2lsG5c lower at s6.65. with ribs
unchanged at $500
Estimated receipts for Tomorrow: Wheat. 100
cars corn. 100 cars; oats, 1l5 cars; hogs, 49, 900
head.