The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1892-03-09
SHOWED MUCH DEPRESSION.
Wheat Prices Are Generally Much
Lower-Other News.
INDIANAPOLIS, IND,

lNOlANAEOLics lNDss
MONDAY EVENING, March Z.
wv. Louis & Co.'s Chicago advices today
were as follows
The fine outlook for the growing crops, lower
cables and large receipts in the Northwest.
which prevailed Saturday. foreeastlng an I'M
favorable market for holders, was again promi-
nent today. The opening was about one-halt
cent lower than Saturdays final figures, de-
clined about one-half cent when eastern and
exporters orders caused liberal buying and
steady market at the decline the greater por-
tion of the session. Clearances were large,
aggregating 10000 bushels OF wheat and
wheat flour, but the market closed heavy at
the lowest point of the day. which was fully
lie lower than Saturday S tnai prices.
Very little speculative interest in corn and
oats. Market firm aud unchanged.
There better demand for hog products
today than there has been for some time. Re-
ceipts of hogs continue very light. Spectators
were inclined to take the bull side, although
the trading was extremely light
Wheat was weak today while corn and oats
were 6rmer.
Receipts for the past twenty-four hours Il
cars. against total OF cars for Saturday
Whest-No. red, 9Oc bid; No. red. s611c;
rejected, S0t9S5c.
Corn No. Iwhite, 42c bid; No. 2white. 42c;
white mixed. 40l&c; No. 3 white, 4013@4ic,
latter bid, one or two colors; No. ? mixed. Acc
bid; No. mixed, 3915c; No. 2 yellow. 40c
bid: No. yellow. 391kc bid; sound ear, Ss1Ic.
Oats-No. . white 49, &c bids No. 3 white, 32c;
No. , mixed. $3.50 bid; rejecred. 29930c.
Bran-Steady; local dealers are bidding
Sl45O.
Hsy-Choice timothy, SIP; No. l timothy,
S11.50 bid; No. . timothy. 50 bid; No. prairie.
$3.50; No. 2 prairie $3.50; clover mixed, $3.50.
Rye-75@s0c for wagon rye; SIC bid for car
lots.
Wagon Wheat-90c bid.
On Market-Hay, timothy, S12914; mixed.
Sl0(dl2; clover, S9@ll; millet, So; shelled
oats. 33d35c: sheat oats, Sl0@l2; corn, 40G
45c; potatoes, 35(G40c.
CHICAGO, March THE wheat market
showed much depression throughout most of
the session and prices were generally weak and
lower. There were one or two rallies but the
strength was only temporary and the close was
within &c OF the lowest point touched during
the session and shows a loss of I14c compared
with Saturdays closing figures. The news
was generally discOuraging. The weather con-
ditions were an important factor. as they we're
reported favorable almost everywhere, not
only for the winter wheat, but for the early
commencement of spring seeding operations.
There was no cold weather reported anywhere
aud even in the extreme northern part of
North Dakota the temperature said to be
SO degrees above zero. Another bear factor
was the weak cables; Liverpool was reported
I'D lower and London from 81 to 90 lower
while domestic markets were very much
depressed, New York falling off 1c
and Duluth and Minneapolis about as
much. Receipts continued liberal every
where, especially in the northwest aud the in
dicatiOns from the start were that there would
be a very considerable increase in the visible
supply. Many discouraged holders started to
sell ut tine tap of the bell and for time the
pressure was heavy, and May starting at SSAc
and touching SSIsc sold of to SS1fc, with only
light demand. When the price got down to
SS4c, however. the shorts began to take ad-
vantage of the drop TO cover and there was a
gradual rally TO SSS<e. report that the
weather in France continued very cold. that
there was some export buying in New York,
and that 600 bushels had been worked at
Detroit we're also some help in bringing about
tho improvement. When the increase of
445,00O in the visible supply was reported the
market lost a little, but this was subsequently
recovered. Among the dispatches received
| from abroad was one that the Liverpool Corn
| tade Mars has reduced its estimates of the
weekly European requirements from 7,6S0000
| to less than 100000 bushels. This, in effect,
| is reducing the estimate OF the needs OF Europe
| this year over 50 coo, or in otner words,
/ that much less American wheat will be required.
| During most OF the last hour the market held
steady at SS1I6tSS7ze but grew very weak
/ during the last ten minutes and touched the
lowest point oil the day, SSc, and closed weak at
/ ss1sc. The break near the close was attributed
/ TO Il cessation OF the demand by shorts and
weak cables. The cearances OF wheat from
/ the sea.boards Saturday were I'll 600 Blu. OF
wheat and 1900 bris OF flour Late cables
! quoted Paris lower with being higher on spot
| but lower on futures. Partridge made pre-
tense Of selling some wheat, but was generally
believed to be buying heavily through the
| brokers to cover his short line and secure his
| profits Corn was quiet and weak, but held its
/ own much better than wheat, the decline being
only about &C. The receipts were in excess OF the
/ estimate by some fifty oars and included nine
/ teen cars of contract Trade was slow and the
offerings were fair. The shipping demand was
slow the close was at loss OF sc compared
with Saturdays. Oats were quiet aad weak
/ during most of the session, but closed with q
gain of sc. Hog products were stronger,
especially for pork. Live hog receipts were
below the estimate, and prices at the yard ga
Toe higher. After marking an average OF 20c,
pork closed with gain OF 15c. Lard and ribs
| are 21Sc higher. Estimated receipts of wheat
/ for tomorrow $50 cars; corn, $50 cars; oats, lS5
cars; hogs, 10000 head.
The leading futures ranged as follows:
| Artlcles OgenipcI Hichestf Lowest. Closing.