The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-02-28
MARKET REPORTS.

lOudA SESSION, CioSl1S WIFI a loss OF
&c for May. A decrease in the visible
caused a temporary firmness, but free
selling, an increase in the amount of
wheat and flour on ocean passage and
rumors favorable to Farmer Hatch's
anticipation bill was too much for the
bulls and the market was generally
weak. May corn closed sc lower. May
cats &c lower and provisions lower all
around. In the opening trades
there was a decline from sc TO sac as
compared with the prices current at the
close on Saturday. There was a grad
ual hardening of the price for an hour
and a half during the time the particu-
lars of the visible supply statement were
coming in. That being satisfactory to
the bulls, when il was completed. the
hardening process continued for a few
minutes and then dissolved entirely. The
trade had been light during the time re-
ferred TO and those who felt disposed to
buy wheat on the eDcoura cement of a.
decrease of 1.410.0O0 bushels in the visi-
BILE supply-whiCh was the change an
nOGnced in the weeks stocks-had al
ready done so when Partridge and Leem-
ing, came upon the scene with selling or
ders. which for a time appeared to have
no limit There were no buyers left on
the spot to take those offerings suffi-
GENTLY fast and the result was the col
lapse. The opening decline was ascribed
to the following causes: The amount Of
wheat on ocean passage showed an in
crease of $4,000 bushels since a week
ago The Liverpool market was a shade
easier for futures. quoting l4d decline.
The New York stock and cotton mar
kets had weak start and the weather
was not suggestive of any danger to the
wheat plant. The subsequent rally was
owing TO the decreases in the visible as
the returns came to hand. The opening
for May was at from 12659ssc and it
gradually worked up TO 597sq60c, and
then dropped like a struck steer to 59isc.
The Clearances from the four principal
Atlantic ports amounted in wheat and
-four TO about $50 600 bushels. The In
dian shipments for the week were 10000
bushels. The taking of the Hatch anti
option measure out Of the hands OF the
ways and means committee and placing
it with the agricultural committee in
the house of representatives today
seemed a further stab administered TO the
market which caused ii TO fall again be-
fore it had well recovered from the pre-
vious assault Closing cables were dis
couraging. but after a break to 5S7sc
May recovered a trihe, closing only Csc
from the bottom.
There was fair trade in corn, though
prices did not cover a very wide range.
The feeling was weak and the tone
heavy from the start. The large receipts
and turn in wheat were factors which
induced considerable selling. Opening
trades showed declines of 1kG14c, but
the market held steady at these figures
some little time. the buying Of about a
quarter of a million of May by promi-
nent concern staying the market. There
was also good buying by commission
VII tod 10
individual trader. which also helped
check the decline. After these buying
orders were executed the offerings again
increased and prices sagged down Ia
sc. rallied a fraction. became quiet and
closed with May but sc from the day S
bottom figures.
In oats there was a good trade early.
there being very free selling by several
large operators. but their offerings were
we'll taken. Late i'm the day the trading
was light and the offerings not large.
The influences were mostly bullish The
visible supply decreased 446, 900
bushels and local stocks de-
creased $4,000 bushels last week.
Receipts for the day were but
1915 cars. with 100 cars expected tomor-
row. May opened sc lower advanced
i4c and reacted sc to close midway be-
tween the days top and bottom figures.
With the arrival of live hogs at the
Yards largely in excess of the estimates
and decline in prices for them. pro-
visions opened weak and lower and then
ruled fairly steady for a time on the
support accorded by prominent COM
mission house and two leading
packing institutions. The volume of
trading was light with corresponding Of
ferings. Heavy feeling manifested it
self subsequently, the market suffering
a further decline on the weakness of
wheat, hogs arriving and the fact that
there is practically no short interest
out. There was. too. an almost entire
absence of outside support. The trad
ing was quite light. There was mod
crate reaction near the end of the ses-
sion, the packers bidding up the mar
ket, especially for pork, the greater part
of the decline being recovered. with the
closing steady. Compared with Satur-
day May pork is 20c lower, May lard
7Iac lower and May ribs 7i2c lower.
Estimated receipts for tomorrow
Wheat. 30 cars: corn, $50 cars; oats 100
cars; hogs. $4,000.
The leading futures ranged as follows: