The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-27
DROPPING TENDENCY NOTED
Near the Close Early Gains in Cereals
We're Mostly Dissipated.
Receipts in the Northwest We're Generous, and
Selling Becoming Liberal There Vas
Naught to Sustain First Figures.
Steady Buying and Firmer Liverpool Price
Helped TO Strengthen Provisions.

Steady Buying and Firmer Liverpool Prices
Helped TO strengthen Provisions.
CHICAGO. Nov. 26-Drooping prices
marked the close of the week. Tonight,
compared with last. wheatis Il "a Sc lower,
and corn about Ac. while provisions. with
In oDe-half an hour of the cIoes, dropped
the gain they had secured earlier. There
was a little tirmness in wheat at the last.
due LARGELY to brisk buying by Lamson.
aud prices improved a trif1e. but on the adj
vance the selling became liberal. and there
being little bullish news to support the
market, the price gradually fell of. The
receipts IN the Northwest were generous.
and Prime reported the condition OF
the winter wheat as satisfactory.
The offerings of December were unusu-
ally heavy and did much to cause the weak
ness, as the discount on May was at one
time nearly &c. Changing December TO
May was carried on very extensively.
Walker and Wrenn changed fully 100000
Bushels. The reports from both coasts
were again liberal, amounting To BAGS. 900
bushels, against 3.943,0W bushels the
previous week and 4C2. 600 bushels for the
corresponding week last year. The avaiia-
bic stocks in the United States and Cana
da were reported at 101. 000,C COZ bushels. It
was estimated that the visible supply
would show an increase of about 1.000.0 600
To 100000 bushels. The opening was
about the same as yesterdays closing TO $50
higher. declined l2c. then rallied $50. again
became weak, prices declining So l2c,
ruled steadIer and the closing was Sc low
er for December and 4c lower for May de-
livery.
Initial trades in corn were at about yes
terdsy's iinal figures. but soon sold of ssc,
influenced some by the action of wheat.
AT the decline the demand improved, and
the car lots for Monday coming in light at
125 cars, prices reacted, recovering the
early break. changed but little. ruled easy.
and closed about Ac lower. Trading
was mostly of a scslping character.
In oats there was o little changing from
Decem Der to January at lc. and to May at
DC. Prices had AC range, and the close
was easy at Isl lac decline from yesterday.
Provisions showed decided strength for q
time. Steever, presumably acting Tor
Cudahy. was a large buyer OF May pork,
and at times provisions generally were
bought freely by brokers who usually
act for Armour. A rise of / shtl-
ling in lard in the Liverpool market
boosted mp prices here. and the entire mar
ket responded TO q local ad anc of SC per
100 ponds In hogs. During the latter part
of the session prices declined on larger
offerings and q reduced demand. The es-
timated hog supply for the coming week
favors only moderate offerings, IN marked
contrast with the enormous receipts for the
corresponding week of 1891. Price changes
were confined within q range of 20c-
Freigbts were slow. with very little YES
sci room offered. Rates were firm. 2l3o be-
ing paid for corn to Buffalo. Estimated re-
ceipts for Monday are: Wheat. 135 cars;
corn, 125 ears; oats, l3J cars; hogs, $1,000
head. The leading futures ranged rs fol-
lows: