The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-03-07

MARKET REPORTS.
CHICAGO March 5.-Whcat was weak
at the start today. but afterward re-
covered and closed &c higher for May.
The mild weather, large northwestern
receipts and lower Liverpool quotations
caused the early decline, but the liberal
clearances, a decrease in New York
stocks and "A decrease in the visible
supply turned the tide and May closed
only 1sc from the top. May corn is i2c
higher and May oats SIC higher. but
provisions closed lower all around.
The cold wave. which it was feared
might damage the wheat plant, did not
appear on schedule time. The early
cables reported an increase Of 7l2,00O
bushels in the quantity of wheat and
-four on ocean passage. and Minneapolis
and Duluth returned SIS ears as the re-
ceipts at those two places \ year ago
they got $40 cars. The Liverpool market
was quoted weak and 4d lower. with
more disposition on the part OF holders
to sell. The bulls having such a number
of materially bearish matters arrayed
against them at the start had wheat for
sale as soon as opportunity was offered,
and the bears who were short were un-
willing buyers as at a rule at over 5914c
for May. A few lots found buyers at
593sc at the opening That showed a
decline since the close on Saturday Of
from 1sc to 14c There were no
symptoms Of recovery for some time. and
not until the price had bumped several
times against $3.50. The recovery which
subsequently occurred was caused by
New York advising a reduction in stocks
there for the week of I .20O.O 600 bushels.
The price under the latter influence rose
to 59a4c. There had been a good deal
of buying against puts ON the early
decline and on the rally all the
wheat SO bought was on sale. Much
Of it was disposed of at between 59150
592tc. but the quantity proved too heavy
for the demand and a drop 10 59ssc was
brought about by that sort of selling.
There vas some curiosity TO ascertain
where the 100000 bushels de-
crease at New York had gone,
and in answer to an inquiry.
100000 Of the vanished amount
was thus accounted for Lisgon got
500, 900 bushels of it. the United Kingdom
100000 and millers 100000. There was
another advance to $3.50 after the publ
cation Of the visible supply statement,
which showed a decrease of 1, SIS, 600 bush
els. The days clearances from the At
lantic ports were likewise help to the
bull side. amounting in wheat and flour
to about $4,000 bushels and in addition
to that New Orleans shipped 100 600 bush
els of wheat. The influence of the early
news again came into play in the alb
sence of any outside demand for cash
wheat. and the price for May wheat
again went down To 59Ss6591ac about
1890 o'clock. The English visible supply
vas estimated to have decreased 100000
bushels during last week. The price
touched 597sc early i'm the day and sold
sparingly at that price a second time
near the close. The latest trading was
at 5934c
In corn there was moderate trade,
the interest increasing some as the SeS-
sion advanced the bulk of the trade talk
ing place after the early advance. The
opening was easy on the sprinl1-lilIe
weather and liberal receipts. but he mar
ket was quiet and very little life mani
Tested until a brokerage concern started
in To buy, which caused prices TO ad-
vance suddenly sc, with a little trading,
until SIC was reached for May and csc
tanned for awhile at the advance reced-
ing later ls0hc. held steady and closed
with May only &c from the top.
In oats there was a firmer feeling
Prices advanced 149&sc and closed steady
at the top The strength was due large
" to sympathy with corn and 10 the de-
crease in the visible supply. There was
very little doing in provisions early, a
dull feeling prevailing. The market
opened weak and lower i'm sympathy
with the decline in wheat and then ruled
fairly steady on some little disposition
being shown by the packers to sup
port IL. There was. however. some
selling Of lard by one of the packing
houses. but the offerings were taken
readily by a foreign commission firm.
Ultimately the market broke ON free Of
ferings, particularly of pork by some of
the packers who turned sellers. a few
stop loss orders coming in. no outside
support, and continued trading by the
commission house before referred TO. The
weakness was emphasized To some ex-
tent by the corresponding condition of
1--we hogs at the yards. Later on there
was a moderate reaction i'm pork on the
commission house already mentioned
turning buyer with the closing steady
for pork and lard and ribs weak Com
pared with Saturday May pork is 1tac
lower May lard, 71zc lower and May
ribs 15c lower.
Wheat. 40 cars; corn, $50 cars; oats, 275
| cars; hogs. 10000.
The leading futures ranged as follows:
n nrn Ifen