The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-09-19
MARKET REPORTS.

CHICAGO, Sept 1.-THE speculative
branch of the grain markets was weak
at the start today and firm at a slight
advance on Saturdays prices at the
close. The visible supply of wheat.
which, according to all precedents,
should have increased at least 1,25O.00O
bushels, gained only $4,000 bushels, and
that turned everything upward. Wheat
recovered a half cent loss and closed
with a gain of sc. Corn is 1zc higher,
after an early decline of Sc. and oats
closed unchanged. Provisions were firm
in tone throughout.
A decrease of $4,000 bushels in the
amount of wheat and -four on ocean pas
sage started the wheat market a little
higher than it closed on Saturday after
noon. The bears, however, poured cold
short wheat into it and It soon became
heavy and dull. The northwestern re-
ceipts. while smaller than expected, were
sufficiently heavy TO be a bearish factor.
Liverpool was quoted quite active. but
steady at opening. Paris 10 centimes lower
for wheat and -four but a Berlin private
cable reported an advance there of t
marks for October. Primary market re-
ceipts in the West were very heavy,
amounting to nearly 100000 bushels;
that was considered the worst feature for
the bulls of the days developments De-
cenber opened with sellers at 56hc and
a few transactions at that, but worked
off gradually under free offerings until
down TO 559lc at which it held steady
for a long time in the middle of the ses-
sion. At this stage of the proceedings
all the returns of the visible supply had
been received except the quantity ahoat
on the lakes, and an increase Of about
1,250,000 bushels was the situation up to
that time and a small decrease on the
lakes. perhaps 100000 bushels and 100000
bushels was expected to complete the re-
port. The decrease on the lakes proved
to be '1.O23.OOO bushels and that left an
increase of only 46. 900 bushels in the visi-
BILE for the week as against 100000
bushels increase at least as confidently
looked for a moment previous to the re
ceipt of the float figures. The price took
an immediate jump to $3.50, with one sale
as high as 5612c Enough came out at
the advance to cause a reaction to sec.
New York began to send buying orders
near the close and December finished at
56Hc.
Corn opened strong at &c advance, but
was very soon thereafter seeking Gus
toners at CSC under the highest price it
touched at the start The receipts were
574 cars under the estimated rail receipts,
but in addition there was $500 bushels by
canal. A light frost had been experienced
in South Dakota on Sunday night, but it
was not supposed to have injured the at
tenuated remainder OF corn still left
standing there. Some little strength was
impaired by a prediction of frost tonight
in Iowa, Nebraska and Wisconsin, but
the market did not advance materially
until wheat took its leap Of surprise at
the visible supply figures The visible
supply Of corn increased ASS. 900 bushels,
making the total 4l0l00 bushels, COM
pared with an increase of sos, 900 bushels
in the corresponding week Of the year
before, which left the total visible Of that
year at 6,462, 900 bushels. The opening
price for May was 53Ac, with a few
sales high as $3.50 and one or two
transactions at the same time at 53kc
There were soon plenty of sellers at the
lowest of these quotations, and before
long the price got down to 52%c. 1t
rallied again under the encOurag cement re-
cefved from the strength in wheat and
finally became strong on its own account
and closed at $3.50.
In oats business was light and prices
after opening firm with corn. fell off
later for the same cause The disposition
to trade either way was limited. CARING
tOn-Hannah were offering October freely
but only a comparatively small portion
was taken. October started at BOISE, sold
down to 305sc, and closed at 307sc.
1t was difficult to buy any provisions,
and Immediately after the opening there
appeared to be a good inquiry from local
shorts. The AnglO-Amercan Packing
company helped the early sellers to get
a good price for their offerings. Hately
Bros. were free sellers later in the day,
and John Cudahy a buyer. The market
had a weak spell in the middle of the ses-
sion, when wheat and corn were showing
their midday heaviness, but for the most
part provisions ruled firm and were strong
at the close. Later trading prices were
at an advance for the day of 1715c in
pork, 15c in lard and 10c in ribs.
Freights slow, 115c for wheat 1Ac for
corn and 11sc to Buffalo and &c for
wheat to Milwaukee.
The leading futures ranged as fol-
lows: