The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-10-24
MARKET REPORTS.

CHICAGO. Oct. 22-The grain markets
were rather weak today. Wheat declined
un1er heavy northwestern receipts, weak
outside markets and an increase in the
visible supply, closing nc lower for De-
cember. May corn closed 1sc lower, May
oats &c lower and provisions with slight
gains.
Wheat opened with much easier feel
ing than it closed on Saturday. There
was some nervousness regarding the con-
di.ion Of the ear which the firmness of
the foreign markets helped to increase.
although there were rumors of the death
of the ruler referred TO- Heavy receipts
in the northwest and the apprehended
effect of a very heavy increase in the
visible supply governed the dealings for
about fifteen minutes at the opening.
Following thai and previous to the re-
ceipt Of the visible statement, there was
some buying against puts and by timid
shorts, which enabled prices to recover
a loss of ssc. That was followed by an
other weak spell, due TO a report of some
wheat having been found by an inspector
on Saturday having weevil in it as it
was being delivered to a vessel. The
weevil caused lots Of trouble to the mar
ket after the matter became fifteen min
utes old A cablegram to a st. Louis
miller said that the Argentine crop was
damaged to the extent Of 30 per cent. and
that. along with firm closing cables and
some more business for export, reported
from the seaboard, caused the market TO
rule firm in the afternoon az some little
recovery from bottom prices. The visible
supply increased $50, 900. December
opened at 53A053Ac, declined to 527sc,
recovered to 53c, and then worked off TO
527sc. After the visible supply statement
was completed the price, until near the
close, stuck closely to 527c, finishing at
527s @59c.
Corn was firm early and rather weak
in the end. May opened unchanged at
5OAc and became gradually firmer until
for a short time ii was worth 501ac, with
5O12@5Ossc the ruling price for a mo
men. or two. II worked off from that
point to 497sc about half an hour from
the close. with a slight recovery from the
latter price ruling near the end. Rather
heavier receipts than have recently been
ruling and the absence of any but a very
limited shipping demand were the chief
reasons for the easier feeling which pre-
vailed in the latter half of the session.
the visible supply increased only 10000
bushels as against an increase Of $4,000
bushels on the corresponding day OF last
year S.. Louis quoted the market there
weak for spot corn at 46l5c. The closing
prices for May was 50G501sc.
In oats business was rather quiet and
prices Influenced by the weakness in corn
and a heavy cash market were lower.
May started at 327sc, sold at 33c and de-
clined TO 32kc where it closed.
the provision market was very duh,
but a, a shade over Saturdays closing
prices. The weakness of the grain mar
Ike. prevented any enthusiasm on the
buying side of provisions and held in
check what appeared 10 be a more gen
eral desire to buy than was observable
last week Fluctuations were narrow.
Closing prices show gains of 212c in pork,
sc in lard and 2Iac in ribs
Freghts dull. Small lots of grain at
1c to Buffalo.
The leading futures ranged as follows: