The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-28
DROPPING TENDENCY NOTED
Near the Close Early Gains in Cereals
We're Mostly Dissipated.
Receipts in the Northwest We're Generous. and
Selling Becoming Literal There Was
Nsught to Sustain First Figures.
d AT CHICAGO.

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 4 "a Sc lower.
and corn about &c. while provisions. with
In one-naif an hour of the cioes. dropped
the gain thor had secured earlier. There
was q little irmness in wheat at the last.
due LARGELY to brisk buying by Lamson.
and prices liaproved a trile. but on the ad-
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 zoe, COO
bushels. The rsports from both coasts
were again liberal, amounting to 3.465.0 600
bushels, against 3.MI,0D bushels the
previous week and 400. 600 bushels for the
corresponding week lastyear. The availa-
BILE stocks in the United States and Cana
da were reported at 10l. 600, coo bushels. IL
was estimated that the visible supply
WOQiu 6UOW al tllCIch6o VI dpOut l,IOO.OOO
to 1.500.0OO bushels. The opening was
about the same as yesterdays closing TO $50
higher. declined lee, then rallied sc. again
became weak, prices declining SOhc,
ruled steadior and the closing was asc low
er for December and Ao lower for May de-
livery.
Initial trades in corn were az about yes
terday's final figures. but soon sold Oft sc,
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 scalping character.
In oats there was 0 little changing from
Decem Der TO January at lie, and to May at
&c. Prices had Ac range, and the close
was easy at ls0 lac decline from yesterday.
Provisions showed decided strength for O
time. Steever, presumably acting for
Cudahy. was q largo 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 advance of sc per
100 pounds in hogs. During the latter part
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 200
Freights were slow. with very little YES
sci room offered. Rates were firm. 2i9o be-
ing paid for corn to Buffalo. Estimated re-
ceipts for Monday are: Wheat. 135 cars;
head. The leading futures ranged as fol-
lows: