The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-10-17
MARKET REPORTS.


low price record today at 52Sc for De-
cenber. An increase in the visible sup
ply, lower cables and realizing caused
the weakness, December closing 1c lower
than on Saturday. May corn closed sc
lower, May oats sc lower and provisions
at declines.
Wheat, which closed so firm on Satur-
day. opened weak today, with sellers at
SIC for December rather more numeT-
Gus than the buyers, and May offered at
5S1sc. with few takers. In the course of
an hour sellers of December and buyers
of May We're unable to make a straight
transfer at sc difference. and by noon
the spread was only 47sc and the price
went down to 521sG52Ac for December
and 571sc for May. By that time the Wis
ible supply statement had been made up
and it was the cause of the heaviness in
dicated by the quotations. 1t showed an
increase for the week f 100000 bushels,
making a gross total Uf 1904 900 bushels
corresponding time last year. The visi-
bic supply increased about twice as much
as the published movement for the week
as the more important markets had sug-
gested. There were other reasons for
weakness in wheat besides the Increase
in the visible, but they were all shoots
from the same root-too much wheat in
sight. Liverpool cabled that supplies
from Russia were increasing, and that
the Argentine wheat crop was promising
we'll on an increased acreage. The clear
ances of wheat and flour from the princi-
pal Atlantic ports were only equal to
about $4,000 bushels. Primary market
receipts were a little more than 900 900
bushels. Minneapolis and Duluth re-
ceived 934 cars, or only about half OF last
~ 4
Indian shipments as reported by Beer
BONN for the week were 220, 900 bushels.
The total amount on ocean passage de-
creased $4,000 bushels last week. Bust
ness was not very brisk until about u
O'Clock, when some sorely tried weary
holders dropped their loads and gave the
shorts a good opportunity to realize their
profits. The closing phase Of the market
was one of extreme depression, December
dropping 20 521sc and May to $3.50. These
were the trading prices at the close.
The receipts of corn were seventeen
cars smaller than estimated, but it opened
rather weak and only one feature of the
days occurrences did otherwise than add
TO the heaviness which seemed to be In
the atmosphere. The one bull feature
was a decrease in the visible and a de-
crease of the quantity on ocean passage,
but that counted for little In view of the
absence of any urgent shipping demand,
and the fear of the effect of liberal re-
ceiptS Of new corn, which 1t is thought
will be coming to hand in about month
from now. May opened at 4912c but
sales were Immediately made at 1850 and
very soon at 491sc There was very little
elasticity to the market, the upward re-
actions being slight. The decrease in the
visible was $685. 900 bushels, compared with
an increase of 2O5,OO0 bushels on the
corresponding week of last year. The to-
tai In the visible is now 1885, 900 bushels,
compared with 100000 bushels. The
price of May declined to 4s7sc and after
recovering &c and selling off again to
4S7sc twice. there was a third reaction
and decline which left the market prone
at the bottom of the days range. Bust
ness In the oats market was quiet and
prices lower. The sympathy with corn
was principally influential in regard to
ed to by an increase of 100000 bushels
shown in the visible supply.
Provisions started with heavy receipts
of hogs to the debit OF the bull side and
the weakness displayed by the grain mar
kets was additional cause Of discour-
agement, which became heavier in its in
fluence as the decline continued. Trade
was not brisk nor with the amount of
the days decline very heavy. Some sup
porting orders were In the market for
pork at about 121Ac decline from Satur-
days closing prices. and in lard and ribs
at TIC decline. The net loss for the day
was Toe in pork and 71Ac in lard and ribs.
Hog receipts today, $4,000 head; estimated
for tomorrow, II 900.
Freights slow at 11sc for wheat and 1c
for corn to Buffalo.
The leading futures ranged as follows: