The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-11-18
BROKE WITH LIVERPOOL
CHICAGO WHEAT SUFFERED A DE-
CLINE ON FOREIGN NEWS.
Corn Was Strong All Day, and Oats
strengthened in January Options.

CHICAGO, Nov. T.-Wheat opened weak
with the break In Liverpool, steadied on
smart receipts, closing CSC lower than yes
terday after decline precipitated by
report that 100000 bushels from Duluth
were headed this way. Corn closed at an
advance of kG2sc, helped by small country
offerings Oats closed bGAc over yester-
day Provisions closed sc higher.
Wheat opened 5s@S4c under yesterday
December at G6a4 0667sc and May al 707sd7lc
The break in the Liverpool market was the
factor That grain center weakened on ne
Argentine situation. The visible of that
country showed little decrease in the face
of recent liberal shipments. and there has
been no modification Of the prediction of a
large surplus. The market here. however,
was not directly affected by the South
American conditions. The opening prices
were under puts but the market rallied
some on buying against this privilege. the
n ain support coming as result of the
small receipts. December advanced to 671ac
G675sc, and May to 71ssc, a spread of 41sc
between the two options. 1t became evident
that the market had been oversold to some
extent, a condition the discovery of which
added to the desire to cover shortages. The
early gain was all lost late in the session,
ten days boats carrying 100000 bushels of
wheat would clear from Duluth for this
port Both options declined sharply toward
the end, December closing as@1ac lower at
67d671sc and May asc lower at 711sc. The
trade was moderately active. fact attrib
uted by some to the crusade against buck
bishops, affecting some large Board of
Trade firms. New York reported thirty loads
taken for export. Bradstreet gave the X
ports of wheat and flour from American
ports as 451o,0OO bushels. For the day. sea-
| flour to 266.OOO bushels. Primary. receipts
We're S27 G99 bushels, compared with 1,4S9, 81
| year ago. Northwest receipts were SS2
cars, against 500 last week and .525 the cor
re sponding day last year. Sixty-f1ve cars,
thirty-three of contract grade, were re-
Corn was relatively strong all day The
| opening showed little weakness ~ SYM
| pathy with wheat, December opening
shade lower at o: s1asdSl1ac, and May haAc
| lightness of which has for some time been
| a strengthening factor: were again small
and the market, steadily improved, though
| trading did not become animated, the range
| CT prices being within Sc. December adj
vanced to &c and May to S3c. Near the
to some profit-taking. and the market eased
| off. December closed Adssc higher at 31a4c
| 13l7sc, and May &c over at 327sc. Shippers
were chief buyers of December; shorts. of
bushels. Receipts here were 253 cars.
Oats were firm In sympathy with corn,
| and on a good shipping demand. The OPEN
ing was unchanged from yesterday to a
| shade lower, December at 22a4c, and May at
| 237s624c. Buying was general. but the mar
ket was apparently without leadership.
| Country offerings were light, Isl cars here.
Clearances were only 1900 bushels Deem
Der ranged from 22a,c to 23c, and closed 1sc
higher at 227sc. May sold from 237sG24c
to e4l4c, closing Aqssc over yesterday at
| 241sGl24Ac.
| Provisions held steady on moderate sup
ply of hogs and in sympathy with strength
| of corn The opening was at loss Of PIC
| @5c. but this was recovered on buying by
| shorts to cover. There was considerable
! liquidation of December products. and a
slight widening, of the January-December
! differences-S14712 between January pork
and December pork. The market was not
active. The close was at a gain of sc on
/ all January products January pork closing
at $9.4712, January lard at s5071a and Janu-
airy ribs at s5.05.
Estimated Receipts To-morrow-Wheat. 81
| cars; corn, 270 cars; oats, 40 cars; hogs,
1900 head.