The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-21
Big BULL DAY in WHEAT
TRADING LARGER THAN FOR SOME
TIME-COvERING By SHORTS.
Further Reports of acknowledgements
Trouble Started the Advance
Corn and Oats Strong.

CHICAGO. Dec. 1s.-The possibility Of war be-
tween Russia and japan was paramount to-day
in affecting prices OF wheat. On active general
demand May closed with gain of 1hc. Other
grains Were helped by the strength in wheat. May
corn closing &c to sc higher. while oats were
up &c TO sc. Provisions were strong, closing
sc to 17isc higher.
Trading in wheat was on a very large scale,
and the market showed greater activity than for
a long time. Local holders appeared to have the
utmost confidence in the situation Although
the market advanced 70 the top price on the
present crop. little disposition manifested TO
take profits. The extremely liberal export bust
ness OF the past two days and the continued
small receipts caused a good demand a; the
start Opening prices firm. May being a
shade to sake higher. s2AGS24sc- Shorts
were the best buyers during the opening hour'
although there some buying for investment
Offerings were very meager. and prices advanced
with the session Reports OF war between Japan
and Russia were abundant, and toward the end
of the first hour the demand had become general.
Shorts became alarmed at the attitude Of the pit
crowd. and in renewing efforts to cover added
greatly to the strength in the market. While
there was some liquidation the advance. the
effect slight and closing prices were about
the best of the day. After selling at sSlzgSSasc
May closed at Ss1kqS3ssc, a gain OF 1Ac.
Clearances of wheat and -four were equal to
ASSOC bu Primary receipts were 67s.50O blu.
against 671. 600 bu year ago. Minneapolis, Du-
luth and Chicago reported receipts OF 37s cars,
against Git last week and SIS cars year
ago.
Corn prices were carried up by the strength in
wheat and because of the wet weather prevailing
ali over the central West. While receipts were
larger to-day than they have been for several
weeks. indications pointed a big reduction in
the movement on account of poor roads Com
mission houses were the best buyers. The selling
scattered After opening a shade TO 1sc
higher. at 43hQ43sc to 43Nc, May sold between
43%c and 44sc, closing at 44d44lsc. Local
ceipts were 300 with three OF contract grade
oats were strong, along with other grains.
There was a fair general trade and some evidence
of further accumulation by the prominent long
interests. The demand from this source. In con-
junction with buying by local traders. started
showed good advances. Receipts continued
small. and good shipping demand was reported.
May opened a shade to bGHc higher. at S7q3.hc.
ranged between &c and 3sAc closing at 311zc.
Local receipts were 109
Provisions were firm, with considerable outside
buying still in evidence The bullish sentiment
was encouraged by the action of grains The
and also by local packers but prices held up
we'll The close was strong. with May pork up
15c to 17t2c. at $11 95d 97l4. May lard sc
to TIC higher. at $662MQ6.e5. and ribs were 1l9c
better, at 1856.
Estimated receipts for tomorrow: Wheat, so
cars; corn. 800 cars: oats. go cars: hogs. 4so00
THE LEADING FUTURES RANGED AS