The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-04
CHICAGO MARKETS OFF
AFTER RULING FAIRLY STEADY,
WHEAT DECLINED 5-SG3-4c.
Large Visible Increase the Most Inn
pOrtant Bear News-Oats Alone
Showed Any Strength.

CHICAGO. Nov 3.-After ruling fairly
steady all morning, wheat turned weak and
closed at declines of 5s0%c for December
and l@11Ac for May. A lar e visible increase
and disappointment of the export business.
which was reported very large early in the
session, were in the main responsible for
the selling and consequent decline. Corn
was also weak and closed 13c lower. Provi-
sons closed a shade lower. Oats alone of
all the markets was firm and advanced 40
sc
Traders in wheat had evidently not for
gotten Shows report on the winter wheat
condition. which was gwen out yesterday.
An advance of s4@7sd at Liverpool before
trading commenced here was probably due
in a large part to the threatened winter
wheat disaster. December which stopped
at sec yesterday, was wanted at the open
ing at from 9614c to 967sc, and May, the
previous days closing price of which was
S31a@935sc, found buyers at 941kQ94Ac. New
York kilograms reported liberal acceptances
from both the United Kingdom and CONT
nent offers cabled the night before. One
firm had buying orders at the opening from
Paris and Antwerp for about 800, 600 bu May
wheat A falling off in Northwest receipts
was factor Chicago received 125 cars.
Minneapolis and Duluth reported SIS cars,
against 766 last week the same day. Re-
ceip.s for two days last year on a holiday
We're 2,065 cars Seaboard clearances were
equal in wheat and flour to 577 900 blu. Spot
wheat in Liverpool was firm at 12d advance.
BradStreetS report of the worlds visible
made the increase in this country east of
the Rockies as 4lO3,OOO blu, ana in Europe
and af1Oat an increase of 100000 blu, or
6,3O3, COO bu increase in all. The market up
to the time of the receipt of Bradstreets
cd a a r.
row range December selling as high as
$3.50 and as low 961sc, but it turned weak
after the receipt of the BradStreet report,
finally getting into state of utter collapse.
Early in the day it was claimed in loose
way that 1,00G,0CO bu had been sold at New
York and outportS for early foreign ship
ment but later that was known to be
gross eXaggeration, their actual sales being
not to exceed forty boatloads, or 900 blu.
Even this was said to include the fourteen
loads reported the day before. private
cablegram from Paris reporting reseliers
of American wheat &c lower than 1t was
now being offered from here was probably
what induced some of the unloading of long
wheat that started the last break. Decem-
Der sold as low as 951sc and closed at 95AQ
95ssc. May declined to 92Ac and was bring
ing 921ac at the close.
Corn was very slow. The market was
fairly firm while wheat kept above yeSter-
days prices. but when the market declined
corn Slid off with an ease that was some
what surprising. Light receipts-26S cars
had some influence on the firm opening.
and a slight widening of the December
May spread resulted. Shipping demand was
rather poor. Cables were Ad higher. De-
cember ranged from $3.50 to 26Ac and closed
12c lower, at 26Ac
Oats were stronger than anything on the
floor and a good trade was done. The buy
ing was quite general. An excellent cash
demand, heavy Seaboard cearances 1852 900
bushels for two days. and small receipts
(169 cars all helped to create a firm mar
kct. The market fell back a little later
in the day, but the closing was strong at
a good advance. December opened at
1899 to 1910, closing A43sc higher, at
1870.
Provisions were steady during the early
morning. The yellow fever situation was
improved by frosts. Packers. however,
gradually weakened, although no material
decline ensued. Trade was excessively dull.
At the close December pork was 21zU5c
lower, at $7.5507.5713; December lard a shade
lower. at $420 4 221a and December ribs UNI
changed, at $4.4b
Estimated receipts for Thursday-Nh
100 cars; corn, APO ears; oats, go cars, hogs,
81 coo head.
Leading futures ranged as follows.