The Indianapolis journal., 1899-11-14
GRAINS BECOME WEAKER
WHEAT GOES BELOW SIxTY-SEVEN
CENTS, WITH A SMALL RALLY.
Corn Affected by Changing, December
Closing Lower, May Higher-Oats
and Provisions i'm a Decline.

CHICAGO. Nov. 13-Wheat was on bear
;eb statistics most of the session, but closed
steady ON covering by shorts, December &c
lower and MAY unchanged. Corn was af-
feated bv changing, December closing is9
Hc lower and May a shade higher. Oats
closed a shade lower. Provisions closed ir-
regularly lower, January pork losing &c,
January lard nc and January ribs a shade.
Wheat opened weak and lower. Statis-
tics were bearish, as expected and the
market showed the effect by opening 1kQ%c
under Saturdays close, December at 665s@
esa.c and May at 7O1sd7O7sc. prices which
were considerably below puts. The de-
pressing tone of news was even more en-
phatic than had been expected. Worlds
shipments for last week were over the es-
innate Russia looming up with 100000
bushels, making the aggregate $4,000.
Liverpool was weak all day and reported a
good increase in stocks. Local stocks in
creased more than could be accounted for
in the making of two private houses regu-
lar. and the visible, with the lakes yet to
report increased 2,12SO00. With the eX-
cention of a few damage reports from Illi-
nois and Ohio crop conditions were reported
perfect Buying against puts and little
covering by shorts caused small rally
following The opening. December touched
667sc and May 101sc: December failed 10
hold against the liquidation which set in at
the bulge and continued scattering but per-
sistently Until near the close. December.
owing to the changing of that option for the
more distant future. sold off TO 661sQ669sc,
while May advanced and held steady. Near
tie end of the session those who had sold
short Saturday bought literally to cover.
711kc, at which prices they closed. save
the animati ton of the close the market was
dull and heavy ell day. Irading was vas pTIn- nn-
cember to May contracts. Receipts were
liberal Primary. points reported 1,2So 569
bushels, compared with 2,019210 a year ago.
Duluth and Minneapolis reported ,zof cars
against 1542 last week and 1,0S3 the corre-
/ spending day last year. Local receipts were
1O7 cars, rineteen Of contract grade. At
and flour to $4,000 bushels. New York
reported nineteen loads taken for export;
Corn was comparatively steady at the
The TPen opening SW Was nc under Saturdays close,
December at 31lsq3l4c and May at SZ14g
S29sc. Country offerings were early Teportteio p1tio
visible, $4,000 bushels, was larger than ex-
| pected These factors sustained the price
for some time, but December, which was
changed for the May option, was heavily
sold later in the session and declined sharp.
from frc m sS7sG$ic to 3iA sissc and closed 1sqAe
lower at Sllsc May ranged IRON hiahs o. ~ ~
| S215c The local stock decreased 534.Oc-
| bushels. Receipts were ZsS cars. Clearances
| were small, $4,000 bushels.
| Oats were weak and a shade lower. with
| other grains. Little business was done INC 40
| fluctuations were narrow. Inc local si0ch @
| sample market held steady and there was a
| good demand for cash, 100000 bushels belns
| taken here for shipment. The visible sup
| nly decreased 257.OO) bushels and stocks here
| became 2S0Oo bushels smaller Receipts
| here were 23S cars. December openeo AZ
! 221k To2Hc. ranged from 22isc to 227sc, clos
| ing at 22Ac. .;
| Provisions were heavy early with gram
| and failed TO improve even when the cereaIS;
| advanced The supply of hogs was libera
| and prices for then: lower, TACT w wnlcn
| also had an influence The range or prices
| was small, a little unimportant liquidatior
| by commission houses being most OF lntt
business transacted. January pork ciosec
| &c lower at $3.50: January ribs shadt
| lower. at S492lkG495, and January lard 5I
| lower. at $5.011a.
! Estimated receipts for Tuesday-W neat
| 10 cars: corn, 230 cars; oats, $50 cars; hoss
$1,000 head ..,,o.