The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-17
TO 1874 CENTS
A NOTHER LOw-PRICE RECORD
MADE BY CHICAGO WHEAT.
Grain Markets Firmed Up Near the
Close and Small Gains Were Es-
tabIished-Pork Declines.

CHICAGO. Oct. 16.-Wheat slid down.
ward to-day until it had made a new low
price record for December at 51&c, then.
aided by buying by shorts and reports of
cash business, the market reacted, Deem
Der closing steady at &c higher. May corn
closed lzc higher and May oats unchanged,
but provisions were weak, finishing at de-
clines.
The new low price for December wheat
was made as soon as the regular trading
commenced. The opening trades were prin-
cipally at from SIC to 517sc, with a sale
or two at 52d521sc. Another shave was
taken off the underside of these quotations
before any improvement started. When ii
began to recover IL was under the lead Of
the corn market. which was the first to give
signs of reviving animation. The routine
statistics of the day and reports from out
side markets were discouraging to the bulls,
Some demand for cash wheat was reported
early in the day, but did not exercise any
influence until Ii was added to the recov-
cry in corn. Receipts to-day were 215 cars.
At Minneapolis 1886 carloads were received,
and at Duluth SS4, making 1,22O against 929
cars a year ago. The total primary market
receipts were about $4,000 bu. Export clear
ances Of wheat and -four from the At
lantic ports were $685. 600 bu. Baltic, Black
sea and other competitive ports shipped
1850, 900 bu last week, and India shipped
216,O 600 bu, making, with 3,317, 900 bu from this
country, the very heavy total of SAB, coo
blu. Liverpool, london, Paris, Antwerp and
Berlin all sent lower quotations. December
improved to 52h952Ac with several relapses
Of its falling sickness, which sent it back
again several times to SIC. but was in one
of it's firm moods near the close. There
was considerable buying by shorts near the
close, and the market finished steady with
December at 52Lc.
Corn opened weak, but shorts were in
clined to a k their profits and some i'm
provement in prices followed, principally
from that cause. There was, however, very
small offerings of cash corn to go to store,
and there was some demand for it. The
inquiry for new No. 3 and new No. 8 yell
low to arrive was also rather better than
1T was yesterday. About 10000 blu were
May prices: For NovemberNNo. 3. 4hc un-
der; No. 3 yellow, &c under. For December
No. 5. &c under: No. 9 yellow, Age under.
estimated, and for tomorrow the estimates
are only 100 cars. The latter was one of
the bull points of the day. May opened at
ated for over an hour between 4SAc and
491sc and then improved to 1919 1880. where
1t closed.
Oats opened weak in sympathy with the
early tone of dependency in wheat and
improved later in the session, as did the
other markets. Receipts were about as es-
321sc. and subsequently, it sold as lows as
317sc. 1t rose to 3215c, fiuctuated between
that and &c during the most of the ses-
sion, but rose near the close to 324c again
and closed with buyers at that.
Weakness ruled in the provision market.
The opening prices were at a decline from
yesterdays closing rates Of 712c in pork,
csc In lard and .02lac In ribs. At the close
the following We're the reductions estab-
lished: In pork, 121zc; lard and ribs, each,
Csc. Hog receipts were heavier than looked
for, being 24,000, instead of 1900 head, as
estimated For tomorrow the estimate is
$1,000. The Increasing receipts are bearing
out the predictions Of the packers, and are
the reason for the declining tendency in
provisions.
Freights-Small lots Of grain at 1c to
Buffalo.
for Wednesday-Wheat, 100
cars; corn, 100 cars; oats, 1I6 cars; hogs. 81
600 head.
Leading futures ranrad q G foIIour.