The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-10-10
MARKET REPORTS.

CHICAGO, Oct S.-The wheat market
was strong today until the visible supply
statement was received. When over p
100000 bushels was found to have ac-
cumulated during the week the market
became weak. closing with all tho early
sc advance gone and &c per bushcl be-
sides. Corn opened strong and closed
weak at nc lower for May, and May oats
closed sc lower. Provisions also finished
at a decline.
Wheat opened strong at from 54l4 to
SAGE for December and from $685. to 59Ac
for December, and from 595s TO 591ac for
Nay. The former sold as high Cor a
moment as 545sc and May at Coo, after
which the tendency was downward COR a
matter OF two hours. At II 80 oclool. De-
cember was down to sac and May to 59Ac.
The visible supply statement had been
received by the time named and during
the time the figures We're being received
their bearish indications was the cause Of
the declining tendency Of the market.
The final result giving an increase Of >
POI, 900 bushels where some had looked
for less than 800, 900 bushels settled the
contention over the matter of the ViSibleS
in favor of the bears. The price of De-
cember sank a little lower, $3.50 becoming
the current price for half a minute or SO
about II o'clock. The reasons for the
firmness of wheat at the opening were
the decrease of 1 072, 900 bushels IN the
quantity on ocean passage. and the firm
ness of the early English cables Liver
pool reported American spring and winter
wheat from I'D to I'D higher, and
Argentine CargOeS were quoted cd per
quarter over previous quotations. indian
shipments for the week were reported by
Beerbohms at 100000 bushels. the re-
mainder of the DAVIS routine news was
rather bearish. Continental markets were
reported easier. The northwestern re-
ceipts were heavy. Minneapolis and
Duluth returning 1,076 car loads. The
total at primary markets was 966,OOO
bushels, including what was received at
Kansas City and the Atlantic port clear
ances since last reported amounted tn 365-
900 bushels, only $4,000 bushels of which
was in the shape Of wheat. Regarding
exports of flour the Northwestern Miller
remarked that a considerable proportion
Of present shipments are merely consigned.
Selling became quite general near the
close, the crowd beginning TO think of
what might be the effect upon prices
should Bradstreet's tomorrow discover p
0O0 600 bushels increase in the visible in
addition to that in the official statement
today. December sold off TO $3.50 and
closed al 5334c
The corn market was strong at the be
ginning and weak toward the close The
receipts, although somewhat heavier than
the estimates. were only 70 car loads.
There was a decrease of 752. 600 bu in the
amount on ocean passage and decrease
of 100000 bu In the visible supply. The
total of the after is now 1906 900 bu.
against SS05,0O0 bu last year. The feat
ure of the early trading was the bidding
up of the October delivery from 81 to 54C
per bu, but the principal buyers of that
delivery were the most diligent sellers of
Nav at that time and up 10 the close.
May opened strong at 51$sc and 5l12c bid.
with 5l%c paid for a little about the same
time The demand was quite brisk at
al otrt a ha
price touching 517sc for an instant The
weakness in wheat near the end encOur-
aged short selling, and prices which had
begun to decline began to give way more
rapidly, and the market in the end De
came very weak. May tumbed to 507sc
and closed at 5O7s@51c. October, which
sold early at 537sc, and with that price bid
at one time. declined to 51&c and closed at
5lSc.
Business in oats was quiet. The fluctua-
tons were governed entirely by the corn
market opening frmer and selling off
.ater. Norton-W arlington, at the open
ing. bought quite freely. comparatively
and later on in the day Darlington
Hannah sold some. May started 4 up
from Saturdays closing price at sac,
sod at 343s634Iac and declined 10 337sc,
where 1t closed.
Provisions, in a general way, followed
the lead Of the wheat and corn markets.
They were strong at the opening and were
weak at the close. Hog receipts We're
about as had been expected and there
was no important change in their price.
Receipts for tomorrow are very moder-
ately placed at 10000 head. January pork
started at $3.50 and sold off to S126712
at the close. or Sc decline since Saturday.
Lard opened with a gain Of Sc and closed
with the advance lost and without change
since Saturday. Ribs rose 712c and fell
21ac, making a net loss of sc.
Freights steady at 19sc for wheat, 1Ac
for corn and 11ac for oats to Buffalo.
The leading futures ranged as follows:
Wheat. No. p Open High Low; Close