The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-18
SPECTATORS NONPLUSSED
Conditions of the Chicago Wheat Pit
Saturday Seemed to Paralyze Them.
Millions Of Bushels of the May Option offered
for Sale at rs 5~-Sc-Corn and Oats
We're Easier and Pork Lower.
TRADING AT CHICAGO.
Wheat In Good Demand at any Price Below
&c 3-Sc-Corn and Oats Lower.

Wheat In Good Demand at any Price Below
IS 3-sc-Corn and Oats Lower.
CHICAGO. Dec. 17.-There was o good
demand for wheat every time it got down
to 76Asc or lower. and millions seemed for
sale at 76sc for May. 1t closed with 764c
bid. Cora and oats were easier. oats being
the weaker of the two toward the close.
Corn is about / 1i16c lower, and oats are off
Ac. Provisions were on the decline soon
after the opening until near the close.
Pork. compared with yesterday, is $50
lower. January lard is loo higher and
May .02hc lower. Ribs are from OH to 1Oc.
The conditions seem to psrslyze operators
In wheat. Prices appeared too low to en-
courage selling and too weak to warrant
much buying. Gables were again weak
and quoted lower prices. From both coasts
the exports of wheat aud flour were re-
ported to be- about 10000 bushels smaller
than during the preceding week. while
from the Atlantic ports the exports OF
wheat alone were about 60, 900 bu smaller.
The receipts at primary markets for the
week were about 900. 600 bushels less than
last week. 1t was estimated that the visi-
BILE supply might not show an increase of
over about 100000 to l,75O, 600 bushels,
though some parties calculated upon 2,000,-
600 TO 900. 600 bushels increase. The feel
ing early was tame, and prices declined $50,
then became stronger. and the closing was
about $50 lower than yesterday. Some lit
tie support was given to the market by the
taking of 100000 bushels of wheat at st.
Louis at lc advance on the price bid for it
two days ago.
Corn was steady for q while, and de-
clined Ac later, but with wheat and pro-
visions rallied slightly and closed with q
fractional loss. Trading was light.
Oats soon declined Ao. then rallied an
ls04c, declined Sc and closed IA lower
than on yesterday. The market was feat
ureless.
For the closing day of the week there
was quite an active business in hog prod
nets. mainly credited to local operators.
The market was greatly unsettled. and
prices huctuated considerably. averaging
materially lower on all leading ~articles.
The market opened stron ger, but after q
few purchases lacked general support,
n room traders" took advantage of
the situation to dispose of consid-
cradle property. At this juncture the
local long interest was credited
with rather free offerings, and prices de-
clined quite rapidly. Notwithstanding
some prominent manipulatOfs were re-
ported as making rather liberal Purchases.
Toward the close the market exhibited q
little more strength n q general wsy.
Trading was brisker both in January and
Nav deliveries. and differences were
widened somewhat. The receipts of hogs
were fair. with little change to note In
prices-selllng at the highest figures of the
season. n estimated supply for next
week is only moderate. The estimated re-
ceipts for Monday are: Wheat. 1y7 cars;
corn. 237 cars; oats, 200 cars; hogs. "a 1000.
and 5000 head next week. The leading
futures ranged as follows: