The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-11-28
Market REPORTS.

CHICAGO. Nov. 26.-The influences in
the wheat market today were largely bull
ish and wound up firm a, sc advance.
May corn gained &c. May oats &c and
provision closed with but slight changes.
The opening OF the whea; market today
found buyers anxiously bidding 5S7sc and
from that up to $3.50. with very few sellers
below soc. II continued TO edge up trille
more during the next half hour. the price
about 10 o'clock being 1914 159ssc, but SELL
ing against calls at 59hc and better in
,erfe-ed at that time with any further i'm
provement. The early news was bullish.
The Liverpool market opened firm at I'D
advance for American red winter and
spring. Stocks at that place showed an
other considerable reduction since Monday
last; the amount on ocean passage was
52S. 900 bushels since a week ago. I'm the face
Of heavy aggregate Of shipments from
exporting countries. and the receipts at
Minneapolis and Duluth were loss cars
compared with 1901 cars year ago.
Every item in the points enumerated was
distinctly favorable to the bull side. The
decrease for the week in the Liverpool
stocks amounted TO 261 900 bushels. The
visible supply Increased 1872, 900 bushels
and weakened the market for little while,
but as the English visible decreased 1885,
900 bushels the effect OF the increase here
was quickly overcome. After selling down
to 5SA on the domestic visible It rose
soon after 10 o'clock to 5912c on the En-
glish visible Export clearances Of wheat
ana -four from Atlantic ports amounted
to $4,000 bushels. Closing cables to the
board Of trade quoted Liverpool 24d higher
for American red winter The market was
strong at the finish at 6O14c for May.
The corn market was weak and prices
lower on account OF the favorable drying
weather for new corn and the heavy re-
ceipts. About the middle Of the session,
when the visible supply was found to have
increased 1,075,00 bushels, thus adding to
1t in one week a quantity Of almost equal
to the entire amount Of It's previous
bulk, the opening price for May was 4shc,
and 1t sold at 4Sss64S12c about the same
time. 1t dropped gradually to 4sc during
the forenoon, but revived later in the day
In sympathy with the strength Of the
wheat market. The increasing strength Of
wheat at the end of the session alarmed
the shorts and finally caused an advance
in May TO 4S%q4S%c, with 4S}ic the clos
ing quotation.
The oats market opened a shade easier
at 1915 d32Ac for May, touched 32Ac and
then. in sympathy with the corn market
fell off to 32c, where it was shortly before
noon. Trading was confined almost entire
~ TO scalpers. Toward the close the mar
ket firmed up a trifie and was more active.
The rally in the other cereals could be
credited 70 this slight advance. May sold
a. 322sc, and closed with sellers at that
price.
The receipts of hogs very largely ex-
ceeded the estimates made on Saturday,
and, in consequence OF that, the price Of
provisions fell off at the opening. Local
Spectators were inclined, for the most
part, to the bull side. The strength Of the
wheat market was a supporting feature
Of the surroundings and helped 10 a recov-
cry of most of the early loss. At the
finish January pork was 219c lower, lard
21a higher and ribs 215c higher.
A fair demand for vessels to load corn
and oats for Buffalo at He with charters
for corn at thai figure.
f,t,