The Indianapolis journal., 1890-01-19
Wheat More Active at Lower Prices-Corn
Weaker-Pork Animated and Strong.


Weaker-Pork Animated and Strong.
CHICAGO, Jan. 1S.-There was fair
business in wheat in speculative way.
and the volume of trading larger than yes
terday within lower range of prices. New
York was reported as buying some wheat
here to-day, and it was also rumored thata
prominent Chicago trader sold quite freely
in New York to-day. Shorts" covered con-
siderable wheat to-day. and at the same
time the decline in prices brought out
struggling lots of long wheat. Hence. be-
tween the selling of long wheat and the
buying of Shorts" q fair volume of busi-
ness was transacted. The feeling early was
heavy, being a continuation of yesterdays
weakness. The opening was 44clower than
yesterdays closing, and sold off lsc more,
then firmed up ls0 4c, but became
easy and declined as0 12c. then held
steady for q while, and shortly before the
close took an upward turn of 12c, due TO
parties covering who got short at the low
prices, and assisted some by the buying on
the part of a prominent local trader, and
closed about 1sc lower than yesterday
There were only light export clearances
yesterday from seapOrts, aggregating 20,-
500 barrels of flour and $4,000 bushels of
wheat. For the week the clearances from
four ports were reported at 23S. 600 packages
of flour and 45l coo bushels of wheat, which
was 100000 packages less of flour and 1900
bushels more of wheat than last week. 1t
was estimated that the visible supply of
wheat might show decrease of about 4OO,-
coo or 100000 bushels of wheat, and if the
23S, 600 bushels of wheat destroyed by fire
at Baltimore is taken ont of the stock, the
visible supply may show O greater de-
>e I'll. AZ
2 spring was reported taken here
and Baltimore reported the taking
of eight loads of wheat to 90 to Marseilles.
A moderate speculative business was re-
ported in corn, and the feeling prevailing
easier, trading being at slightly lower
range of prices. The selling was done by
the local crowd, the weak feeling in wheat
having its influence in this market. Re-
ceipts were smaller than expected. but did
not cut much figure in q speculative way.
though the sample market was stronger.
To all appearances there were no special or
important features IN oats. The attend
ance Ofloperators on the speculative market,
times moderate offerings of May delivery
appeared. In this future. which remains
the center of trade. there was a moderate
business but other futures possessed hardly
enough life to give them recognized place
in the market. OF May delivery the offer
ings rather exceeded the demand. Sales
were rather slow. and an easy feeling
prevailed. Prices, however. were not
subject to fluctuations or changes.
In mess pork more active trade was
witnessed than for several days, and the
feeling was decidedly stronger. Local
shorts" and manufacturers purchased
rather freely while the offerings were fair.
| Trading was mainly in May contracts.
| Prices were advanced 17l2020c on the
whole range. but receded again 507lec.
and closed comparatively steady. The
| shipping demand was moderate. and cash
| lots were quotable at $1,000 62l2. The
market for lard attracted very little atteD-
| tion, and trading was moderate. Offerings
were not very large and the demand wa.
only fair. The feeling was firmer and
| prices were advanced .02l2c, aud closed
comparatively steady. More was doing il
the market for short-rib sides, and thu
feeling was decidedly stronger, the cours,
of prices being influenced by the sam,
features as strengthened the market fo
J mess pork. Prices were advanced 7i20