The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1892-02-24
AT CHICAGO.
Wheat Market Dull and Generally
Lower-Crop New Conflicting.
INDIANAPOLIS. IND,
SATURDAY EVENING, Feb. 20.


| SATURDAY EVENING. Feb. 20.
J.w. Louis e. Co.'s Chicago sdvices today
were follows:
After the past few days of active trading the
week finally closes very quiet Local specula.
| tors are very much at sea- few large specu-
lators supposed to be in New York have
| traded heavily and at times appeared to have
complete control of the market, making some
| good turns. During Thursday aud Friday
| few local spectators, apparently working in
! harmony, succeeded in causing good deal of
activity and perhaps have made some very
| good scalps. One peculiar feature of the week
| is that cables have been reported higher in
| London and Liverpool, but when finally
! come to the weekly closing of the English
| country markets they are reported about 2
pence lower, or nearly 2lS cents per bushel.
Eastern spectators have been very strong in
their views and reports OF large purchases
| being made by exporters. There were some
large lots bought here for eastern or export
/ shipment when navigation opens The wheat
| can now be loaded in vessels at about a 315-cent
| rate to Buffalo and thus save the storage from
the present to the opening OF navigation.
] This large difference in favor of water ship
| ment ought to induce heavy buyers for April
/ and May delivery. We think this the only
| thing that will sustain prices the balance of
| the month. In the absence OF liberal export
orders We feel that prices will scarcely be
| maintained.
The receipts of corn the past week have been
| liberal, Movement from farmers hands quite
! general, and the tendency seems TO be TO lower
| prices tor the balance of this month, providing
the receipts continue as large as the present
/ indications.
| The trading in hog product during the week
has been very light and there have been some
fairly good orders for domestic use. Foreigners
are not so liberal buyers as was hoped for, and
the tendency of the speculative future seems
to be at slightly lower prices especially for
mess pork. There will be no session Of this
! board Monday.
Wheat was lower and weaker today while
corn was quiet and steady. Oats were frmer.
Receipts for the past twenty-four hours Is
cars, against total OF % cars for the preceding
/ day.
Wheat-No. 2 red. 9S1fc bid; No. red. sec;
: rejected 7StsS5c; understandable, 65975c.
! COrn-Far demand; No. white, Ale; No.
| white, 4U1zc; white mixed. SS15c; No. white,
! 3s]5@3913c, latter for one color; No. yellow,
S9c; No. 3 yellow. 3S1zc; No. 2 mixed, 39c;
| No. mixed, 3S18c; sound ear. 3S1zc.
| Oats-NO. white, &c bid; No. white,
Size; No. mixed, 1920 bid; rejected, $50
| 29c.
Bran-Firm; local dealers are bidding S14.5O
@l5.
Hay-Choice timothy, s12: No. 1. sl15O bid;
| No. timothy. $500 bid; No. prairie. 1913;
No. . prairie, $3.50 bid; clover mixed, $3.50.
Rye 759S0c for wagon rye.
! Wagon wheat-95c bid.
|
east hay market was open as usual
On market-Hay. timothy, Sl2914; mixed,
| S10(G12; clover S9GS11; millet. 50; shelled
oats, S3935c; sheaf oats Sl0912; corn, $40
4lc; potatoes, 55(g40c.
| CHICAGO, Feb. 2O.-The wheat market was
| dull and generally lower today. Telegrep hic
! communication was seriously inteTfered with,
the bad weather preventing the receipt of news
| and orders with the usual freedom and prompt
|
! TO their own devices. The bad weather in
Great Britain played tricks with the wires
| similar to those felt in this country and the
board OF trade did not receive its Liverpool
| market report until late in the day, though
| some private dispatches said that the market
was quiet and unchanged, while others quoted
prices easier. The boards London cable noted
| no change in values there out Liverpool, which
as received was 1 penny lower. Domestic
markets were all lower. Crop news was
somewhat conflicting. many private dispatches
being very dlscouraging. but on the contrary,
the Farmers Uicl0 had a summary of the
situation which was unexpectedly favorable,
and the weather reports indicated that the
danger from the predicted cold wave was past.
The committee of the board which was sent TO
Washington 10 oppose the auti-OptlOn bill
returned this morning, and its members were
inclined to the opinion the bill would
be probably passed by the house. This doubt
less had something to do with the weakness
which prevailed during most OF the session.
On the whole operators were disinclined TO
deal heavily either side and the result was
an unusually small business wita fluctuations
confined 10 rather narrow range. Cudahy
was good buyer of wheat ut the start and
| BrosseRu also bought freely; Partridge was be-
Ileved 10 be covering some wheat on all
| the weak spots, but did not make much
| reduction in his line. The New York houses
were perhaps the best buyers for the first hour
| and picked up a good deal. The selling was
not urgent, still there was about all to be had
that was wanted. Longs let go OF a good deal
| and there some short slaes. The export
movement not very encouraging, New
York having cleared but l06, 900 bushels yeSter-
| day and other points hardly any.
BrddstTe'fs reported the clesrances of
week at 4.043,000 bushels against S,64l,00
bushels the previous week. After the noon
| hour there some show of strength for a
time but late cables quoted Paris lower aud
Berlin 81 marks of, although Antwerp wac q
| shade higher. This checked the advance and
J prices Teceded again. May opened at $3.50
| 9312o against gaze at the close yesterday. sold
| up to 937s@94c, declined to $3.50 adj
| vanced to y4c. receded TO $3.50, reacted
| to $3.50, weakened and closed steady at 9313c.
| Corn was quiet and easy, the receipts were
| liberal and there was rather free selling by
| longs, with but little demand. The dullness
in trade, with the weakness In wheat and pro-
visions, caused corresponding weakness in
! corn May &c lower fluctuated all day within
range of Hc and closed 80 lower
than yesterday at 41Ae. Oats were
| quiet and weak and show loss of &c
Hog products dull and easy simply be-
cause trade was dull and the other pits weak
The receipts of live hogs at the yards were
smaller than expected and prices there
firm. Pork closed With loss OF re the
active options with lard and ribs showing in
! significant changes. Estimated receipts for
Monday Wheat 10 cars, corn $50 cars, oats
313 cars, hogs 2400O head.
| The Leading futures ranged as follows: