The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-10-18

CHICAGO, Oct. ia complete change
of feeling in the wheat pit late in the
session was the feature of trade today.
Dispatches reported thirty boat loads
worked for export at New York. The
absence of anything like liquidation after
an early extraordinary rush of selling
caused shorts to become buyers. A great
lot of wheat was recovered. 1t was a
bull market the last hour and the final
quotations were 1k@Ac over Saturdays
close. Corn was we'll bought at some
what lower prices at the start and closed
with a net gain of sc. Provisions are
about unchanged.
Wheat at the opening was weak and
prices AG1c lower, advanced about sc
above opening figures, then ruled easy
again and prices declined &c, fluctuated
some and then advanced 1H613sc, held
quite steady, and the closing was sc
higher for December and nc higher for
May than the closing figures Saturday.
For a while the feeling was very I'M
settled. 1t was claimed that about $780,
900 bushels of long wheat were closed
out. The trade started in with a panicky
feeling on weak and lower cables, pros
pect in the visible supply of wheat and
the very heavy northwestern arrivals.
On the curb previous to the opening this
morning Partridge lent his influence to
depress prices and he was a liberal seller
at >the opening Of the regular market.
The heavy long line of wheat held for
Wall-st. seems to have been principally
in the minds eye Of some people, but
Schwartz, Dupee & Co., Baldwin
Farnum, Milmine, Bodman & Co., Nor
ton orthington, F. ]. Logan & Co, and
other prominent houses with close New
York connections. were good buyers. In
addition came the announcement that
Chicago stocks decreased nearly 300, 900
for the week. The lakes came in with a
decrease of 629, 900 bushels. Eight pri-
mary wheat points had 100000 bushels
for the day, but this was light compared
with 1871, 900 bushels the same day a
year ago. When the visible stocks were
ell in the increase was under 1000, 900.
instead Of the predicted 100000, and but
little more than half the 1884, 900 increase
a year ago.
Corn at first was rather easy, in SYM
pathy with the weakness in other mar
kets, and prices ruled 9sQ1kc lower. AT
the decline there was quite a good gen.
eral demand. a portion of which was
credited to the short interest in the
southwest. This in conjunction with the
small increase in the visible impaired a
little more strength and prices during the
latter part of the session gradually ad-
vanced Solo and the appreciation was
fairly we'll supported to the close.
oats market was held up principally
by the firmness Of corn and was fairly
active. Holders did not seem anxious to
sell and shorts were covering to some
extent. Prices had No range and closed
BQHc higher than Saturday. Provisions
were dull. Prices fell off a little as a
result of the slump in wheat, but reacted
later, following the rally in that cereal.
Freights were dull, with a fair Offering
Of vessel room at &c for wheat and lac
for corn to Buffalo.
Estimated receipts for tomorrow:
Wheat, 300 cars; corn, 1850 cars; oats,
$50 cars; hogs, Il, 900.
The leading futures ranged as follows:
Articles Open. High. Low. Close.