The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-09-26

AI1lOAOOs 0GPes AAAN D. e4-AA
kets started out weak today and closed
firm on the bullish visible supply state
mant. December wheat finished bc
higher. May corn &c higher and May
oats sc higher. Provisions finished with
little change.
Wheat was weak at the opening and
continued in that condition nearly ali
forenoon. There were some bullish items
in the days news, but they were over
shadowed for a time bv the effect of the
overa bundance of present commercial
supplies. a decrease of ..152.0 bushels
on ocean passage, which was made
known before the opening, was more
than offset by the closer TO home effect
of the receipts of 1926 carloads this
morning at Minneapolis and Duluth and
the generally heavier increase of stocks
than expected as the returns of the Wis
ible supply were being received. The
last two items of the visible supply state
ment changed the result which was in
dicated by those previously received.
Without the report of the quantity on the
lakes and canals an increase was shown
of over 900 bushes at other places,
but the quantity on the lakes increased
only $4,000 bushels and the canals showed
a decrease of. S0s.OO0 bushels. which gave
the net result Of the visible at $4,000
bushels, compared with 1852. 600 bushels
on the corresponding week of the year
before. Foreign markets were easy on
account of the weakness here, as ex-
planned in the private cablegrams. De-
cember wheat opened here at 5414c, sold
sparingly at 545sc and from that off TO
54I 054kc. After the receipt of the Wis
ibie figures a firmer feeling prevailed and
a reaction to 54%c occurred about half
an hour from the close. The market
ruled steady at the end and finished at
54&c.
Corn opened weak and continued so
up to the receipt of the visible supply
statement and the estimated receipts for
tomorrow, after which 1t became strong.
Today's receipts. as indicated by the
number Of carloads inspected, were fully
up to the estimates. numbering 500. as
against the predicted 500. The estimated
receipts for tomorrow are only $50 cars,
and the visible supply increased only 81
Oeo bushels, against an increase on the
corresponding week Of the year before
amounting to 116S 600 bushels. Commits
sion houses with country connections
were observed TO have good many SELL
ing orders, and the local scalpers also
showed a bearish disposition early in the
day, which they repented Of late, in a
substantial acknowledgements in case of
the more correct forecast Of the bullish
minority. May, which opened from 503sc
to sic and sold as low as 505sc. advanced
! TO SIC and c.osed at 51Tc sellers.
The independent firmness in the oats
market was extraordinary. The visible
supply showed a decrease in oats of &c.,
600 bushels. and that seemed TO put the
market rightside up. The demand i'm
proved and sales were easily effected.
Trading was principally scattered. May
started a shade easier at from 337sc 10
S344c and sod gradually up 20 341ac,
closing al 349sc
The receipts Of hogs at the yards were
only 1900 head. and only 1900 are ex-
pected tomorrow. The price was also
quoted f1rmer. but Notwithstanding that
there was a general raiding of the mar
ket and hurry TO get rid of the stuff
which soon made everything look very
sick. The packers were very generally
sellers. Some speculative traders who
had been short took eager advantage of
! the break to cover and caused a lively
rally in the last hour of the session
Brokers gave up Armour & Co.'S name
on sales Of January pork at $l3.05, which
was the lowest price touched. and it
closed at 1880. at the same price as
on Saturday. October closed at $13 IS,
which shows a gain Of 10c. October lard
and January lard showed no change
since Saturday, while for. October is 71ac
lower. January ribs are 21ac higher and
October are without change.
Freight rates are lie for wheat and
! lhc for corn TO Buffalo.
The leading futures ranged as fol-
| lows: