The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-03-21
MARKET REPORTS.

CHICAGO. March 1s.-wheat closed at
573ic today, the lowest IL has
ever finished for May, showing a loss
of sc since Saturday. \ decrease in the
visible less than was expected lower ca
bles. good crop prospects and an increase
in the quantity Of wheat and -four on
passage were responsible for the decline.
The working of 24O. 600 bushels for export
steadied the market at the close. but
May finished near the bottom. May corn
closed unchanged, May oats Isc lower
and provisions a trifie lower all around.
The warm rains throughout the north
west caused some selling of wheat and
an easier feeling at the opening The
amount of wheat and -four on ocean pas
sage increased 2.224,OO0 bushels during
the last week. which was an additional
motive for putting out a few more fives
and tens. Minneapolis reported 240 cars
and Duluth A. against p and POP. respect
lively, year ago. Liverpool was quoted
dull and rather easier at unchanged
prices. New York advised some selling
by foreigners at the opening there. Min
neapOlis, which closed sac higher than
Chicago on Saturday. came down TO a
level with prices here soon after the
opening. There was nothing particularly
encouraging in the above items for the
bulls and there was an evident fading
of hope for their side revealed in the
increasing premium the holders of good
contracts paid for changing them in the
July. From &c to a shade less was paid
about the middle Of the session to turn
May into July. The market opened 5Sc
and 5Slsc, and for an hour or so the fiuc-
tuations were in the main confined To
that small change. As the figures Of the
visible supply came slowly to hand the
market became heavier as the hope of
more than 100000 bushels decrease be
gan to fade. When the actual quantity
of the decrease was fairly established the
price of May fell to 575sc and of July
to 59lzG595sc The visible decrease was J.
$1,000 which is about 100000 bushels
smaller falling off than was looked fer.
The total in the visible now is 70. 259. 900
against 1920 600 at the similar period a
year ago. The Saturdays clearances
from the four principal Atlantic ports
were equal 10 about $4,000 bushels in
wheat and flour together. The closing
cables brought lower quotations from all
the principal foreign exchanges With
out a shade of encoura cement from any
quarter heaviness continued to rule here.
The working here of some of the wheat
for export gave the market some support
toward the close. y. G. Puehl & Co. sold
$4,000 bushels: w. II. Harper &C. 900 bush
els and Norton Worthington $4,000 bush
els, all No. spring. The trading as the
market closed was at 515sd51&c. There
was a fair inquiry for vessel room at &c
for wheat to Buffalo.
Corn was dull in the main and at times
extremely so. The fluctuations were mar
row, with such change as there was in
the price in favor of those who were
short. There was an increase for the
week in the amount afioat for Europe,
amounting TO $4,000 bushels The visible
supply there increased 392. 900 bushels.
Export clearauces were small. Bartlett
Frazier bought in some short corn, but
the general tone was beaTish. influenced
apparently by tine Aharal receipts and the
heaViness i'm wheat. May opened at 36%
d36tsc. sold at 36tsc and then alternated
for a long time between 9634c buyers and
the same price sellers. II dipped TO 365sc
for moment, when the visible and the
estimate of tdmorrOws receipts were re-
ceived. The market was firm in the last
half hour of the session and wound up
II the highest point of the days range.
The oats market was dull Little stuff
was offered for sale and there was even
less wanted. y slightly easier feeling
prevailed in sympathy with corn.
Provisions opened a trifle higher
all around on hog receipts un-
der the estimates and firm
prices at the yards and after some
slight notifications of the first impress
sion il wound up I'm substantial agree
ment herewith Fowler-Sterling and
Baldwin were among the early buyers of
lard. The Anglo-American packing COM
pany We're also moderate buyers. Hog
receipts were 25.000 and the estimate for
tomorrow is q 900. The closing quota
tions show &c Improvement in pork, 71ac
in lard and &C in ribs
Estimated receipts for tomorrow:
Wheat, 20 cars; corn, 800 oats, $50; hogs.
p 900
NEW YORK, March 19-May wheat
went 7-16c under all previous records to-
day. declining to 6l2sc The days trans
actions were unusl ally small, but prices
dropped steady bringing ont some long
wheat which has been held on slender
margins. There were numerous factors
contributing TO the excessive weakness
of the market. among them being rains
i'm Kansas and other parts of the wheat
belt, where complaints of drought have
been received. an increase Of over two
million bushels in the amount of wheat
afioat for Europe. weak and heavy ca
bles, appointment at the small de-
crease in the visible supply and at the
insignificant proportions of the cash eN-
port trade in view of the break in fu-
lures. Added to all this is the growing
fear Of the effect Of warm weather upon
some of the wheat i'm New York
stores. The bears predict soc for May
wheat in this market.
The leading futures ranged as follows