The Indianapolis journal., 1898-11-24
ALL MARKETS DECLINED
GRAIN WEAKENED ON A GENERAL
DESIRE TO EVEN UP TRADES.
Liverpool News Was Bearish and
siOns Lost an Early Advance.

CHICAGO. Nov. 2S.-There was apparently a
general desire to-day in all of the Board of Trade
pits to even up over the holiday. Prices declined
in consequence. Wheat closed 1s@%e lower. Corn
declined l4Q5sc, oats 9sQ1sc and provisions 5g71sc
Considering the lightness of receipts here and
in the Northwest, wheat had an easier start than
might have been expected, December opening un-
changed at 6SQ6S1sc and May 1sc lower at go
671se. In May there was an undercurrent Of firm
ness, however, which was shown at once. Cover
ing by shorts and buying to increase long lines
started at once, and though not at all heavy, the
demand was larger than the offerings and ad-
took place in both options, December selling
to 6Sssc and May to 672sG6715c. Northwest
ceipts only S2S cars. compared with 039 last
week and 762 year ago. Chicago receipts We're
131 cars, only of contract grade This big
falling off attributed altogether to the recent
storm. Liverpool, usual, a factor but
bear one, the SD advance which chron-
iced there at the opening of this market
falling off from opening quotations and con-
sidered hardly full response to yesterdays ad-
vance here. The advance brought out consider
able long wheat. There was also increased
liquidation account of the hatness OF the New
York market and conflicting reports regarding the
export demand. The result was a slow decline in
May to 667s467c and in December to 67%Gl6Sc. For
some time after the market was one.
day and the varying moods of traders caused
frequent though moderate changes in value.
About 1880 o'clock the market hrmed up again.
Seaport reports claiming moderate acceptances of
cabled offers proved correct. New York reporting
about ifty-five loads taken for export. This
afterward increased to seventy loads. Sales here
for export amounted to 10000 bushels Mime
apolis reported large flour sales for export The
approach of the close of navigation appeared
quotations became stronger at the close, showing
I'D advance for December and &c for March.
Late in the session the market turned weak again.
The weaker-kneed holders Of wheat were appar-
emily unwilling to remain long over the holiday
and put their wheat the market. There not
being any special demand, prices were forced off
rather easily and closing prices were about the
lowest of the day. December closed 5s@94c lower
at 679s@6712c and May 14Q5sc lower at 667sc.
In a general way corn followed wheat, although
there We're independent features influencing the
market. New York reported a very active de-
mand at the seaboard, with large sales for export.
Sales for shipment here We're fair also This
caused an advance in prices early The cold
weather was a big bear influence, traders figuring
1t would improve the grading of
Toward the close the market broke sharply on
heavy selling by longs and closed weak Receipts
were light 129 cars. Cables We're firm and higher.
May ranged from 349s935c and closed 1a@5sc lower
at S43sc
Oats were weak and lower. The market lacked
the support which has been the feature of late
and rather free selling by local longs resulted in
a material decline in prices Sympathy with
wheat and the factor Receipts were
light, 1872 cars, and there good cash and
export demand. May ranged from 26Ac to 267sc
and closed 9sG14c lower at 26Aq267sc.
Provisions were fairly active. The market was
firm early when grain markets showed strength,
but when they broke the provision market fol-
lowed the decline. Packers were free sellers. At
the close January pork was 712c lower at $915.
January lard SC lower at $5O5 and January ribs
213G5c lower at $4.67I2.
Estimated receipts for to-morrow-Wheat, 145
cars; corn, 200 cars; oats 175 cars; hogs $4,000.
Leading futures ranged as follows: