The Topeka state journal., 1897-11-20
TODAY's MARKET REPORT.
Furnished by the Associated Press to
the State Journal

Chicago, Nov. 20.-Up to Thursday the
wheat market was remarkable for the
extreme narrowness of trading. Business
was probably the dullest for two years.
and then interest taken was so small that
scalpers at times ran the market to suit
themselves. As they We're beariSh al
most TO man. the market for May the
leading option, slowly declined until it
was brought up with a sharp turn on
Wednesday by the sudden strength dis
played by one of the coarser grain mar
ketS. The weakness was not SO marked
in the December future, in which there
was great deal of quiet but persistent
buying all week. This was especially no
tieeable during the early part of the
week. when the strictness with which in
coming wheat was being inspected caused
shorts some uneasiness. The result was
a considerable widening OF the spread be
tween the two options, the difference
amounting to 4Sc at one time and clos
situation is. however. less acute. on ac-
count of the gradual Increase in contract
els for the week. TWO bearish features
were the immense receipts at primary
those of last year, and the northwestern
receipts, which yet show no signs of a
let up, Notwithstanding reports of a fall
ing on in country deliveries Not little
of the December buying in which shorts
were so conspicuous and which sustained
that future, even when May was weak
was the sudden jump in December oats,
caused, it is said, by fears of a squeeze
in that option Reports OF shortage IN
the Russian crop were influential in ere
ating the strength which marked the
close yesterday The range OF May dur
ing the week was between 91asc and $3.50,
the highest point being reached Thurs
day and the lowest Tuesday.
Chicago, Nov 20.
WHEAT-There was an easier feeling
at the opening in wheat today, May
starting at 9012@909sc or 14c under yester-
are the bearish circumstance, showing ia
11sd decline, which was, however hardly
unexpected. sfThe weeks clearances, g.
653.0 600 bushels, We're astOniShingly large,
the largest week with one exception on
record. Receipts in the northwest were
again large. 1,012 cars, against 1,230 cars
last week and 7S5 cars d year ago. There
were some Liverpool buying orders and a
market as a whole was heavy with trad
ing very light. May advanced to 90Ac,
then eased off slowly to 901ac.
CORN-Corn was weak and lower, with
mand. Receipts were light, 329 cars. A
liberal visible decrease was indicated.
May opened unchanged at 2924 4d291sc and
declined to 295sc.
hardly any support being given the mar
ket. The weakness was especially ap-
parent in December, which broke 9sc to
2034c. Receipts were 3S7 cars Large re-
ceipts are looked for next week. May
opened a shade higher at 223sQ22l5c and
declined to 221sc.
VISIONS-PrOvisions were almost
utterly without interest. The feeling was
cember pork opened sc lower at S7.27l9 and
declined to $7.25. January lard opened 21zc
lower at $4.25t4.271a. January ribs open
ed 21ac lower at $4.2212 and declined to
BARLEY-Cash, No. 3. 26a42c.
RYE-Cash, 47c; December, 469zq47c;
FEAX@Cash. s1O5A; cash northwestern.
TIMOTHY-Cash and November, s265;
March, s.. S25R.