The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-31
WHEAT AND CORN HIGHER
BARE SHADE ADDED To THE
PRICES OF THESE GRAINS.
Fractional Loss in Oats. with Ribs Un-
changed and Other Hog Products
at small Declines.

CHICAGO Oct. sO-Extreme dizziness and
bearish reports OF the Australian crop caused an
easier tone in the wheat pit to-day. but little
better demand late in the session stimulated
prices. and December closed shade higher
Corn was shade higher; oats were OF IaSc.
and provisions unchanged TO 7l1c lower
The wheat pit witnessed a repetition OF yes
terday's trsding-or rather lack OF trading-the
market being extremely dull. with prices inclined
to weakness News from all sources was bear
ish: rains being reported IN the West. which
were much needed by the growing winter wheat.
and the Australian crop being estimated at an
excess of ls.0co, 600 bushels or the largest crop
on record. These influences caused declines at
the start, December opening AaAc lower at
S0,sc. Trading in this delivery was rather lin
tied. the greater part OF the business beng con-
fired TO operations in May, and this month
showed the most decline, the nearby delivery
holding relatively steady. The feature OF trading
was the selling OF q million bushels OF
May by a prominent concern. and IL was this
selling movement that was largely responsible
for the weak undertone which prevailed the
greater part of the session. The St. Louis
market showed 4 good advance late in the ses-
sion and caused better demand here. which re-
suited in a little frmer tone. After ranging
between 79:sQS0c and sossc December closed a
shade higher at s03sc. Clearances OF wheat and
-four were equal to $4,000 bushels Primary re-
ceipts i 2o7, 800 bushels against Ls1l,1oO a
year ago. Minneapolis and Duluth reported re-
ceipts OF S43 cars which. with local receipts or
20 cars-one of contract grade--made a total OF
933 cars, against ass last week and LOIS year
ago.
The corn market was still in the rut, there
being nothing in the way of news 10 awaken
speculative interest in trading. There was a
fairly good demand from commission houses and
some selling by local longs. Indications OF a
break in the fine weather conditions and good
cash demand were supporting Influences. wnlie
the easier tone in wheat had q depressing effect
The close steady. with December a shade
higher 43:sQ44c. after selling between sSesc
and 44Q44lsc Receipts were $50 cars. "a OF
contract grade.
Trading in oats was small and about the only
feature was a demand December from com
mission houses and moderate buying OF May and
December by cash houses Prices nuctuated
within a narrow range. December closing A0 SIC
lower at S5SsGs5%c, after ranging between SSssc
and 36lsc. Receipts were Us cars.
Provisions had firm start though hog re-
ceipts much larger than anticipated and
quotations from the yards loo lower. Early In
the day weakness developed selling out OK
cash lard by people who had IL delivered to them
before the opening. An improved hog market
late in the day caused steady close, January
pork being unchanged at sl2.l5; lard a shade
ss27i5.
Estimated receipts for tomorrow: Wheat, 30
cars; corn. ASS: oats, 265; hogs. 1900 head
I,eadfnp futures ranged a. follows