The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-01-19
GRAIN AND PORK FALL OFF
All the News Yesterday of One Sort and
the Crowd Rushed to Unload.
Wheat Sold Down First Quickly Followed by
Corn and Cats. While Provisions We're on
YeritabIe TObOggan for Time
TRADING AT CHICAGO.

Pork Declines to SIS Barrel, Afterward
Recovering Somewhat.
CHICAGO. Jan. 1S.-Everything was
lower on Change to-day. though there
was some recovery in the final transac-
lions Compared with last night. wheat
is off Sc, corn $50. oats kc. pork 27lac and
ribs 2hc. Lard gained sc. Liquidation of
long stuff was the order of the day, but
some fresh buying came in on the decline.
The liveliest rally occurred In provisions.
where Cudahy and Fairbank stretched
forth their hands and lifted their special
ties out of the slough. There was enough
demand for wheat during the first hour
to absorb the offerings. and Bradstreets'
report of decrease of 65S,O00 bushels In
the available supply on both coasts also
helped to steady the market. The report.
however, showed $4,000 bushels increase
east of the Rockies. Cables were easier.
The seeming certainty that the anti
option bill will pass increased the bear
sentiment, and good many longs started
TO nlOad. This increased the weakness.
and started fresh selling. and the buying
came TO sudden halt. Ream. Walker az
Co., Walker " WreDn, Lynn ~ Baldwin
Farnum were aggressive sellers. They had
some slight aid in the case of Asiatic
cholera reported from St Paul. The mar
ket during the last hour turned on gener-
ont buying by shorts TO secure profits.
Prices declined 1c from highest point of
the day, ruled steadler, and the closing
was easier, about lac from bottom prices.
In corn initial transactions were at
slight decline, but rallied 4c soon after
ward on buying by some OF the local
crowd. Offerings then became quite free,
there being little support to the market
from the source recently noted and
wheat and provisions both declining. corn
sympathized. selling Off 80, rallied SO Ac,
ruied easier and closed with Il zD * 9 loss.
The weather both i'll the West and South
west was more favorable for shipping at
interior points.
Oats, on increased offerings and the weak.
ness In other grains. opened weaker, ana
prices receded asc, but rallied slightly. and
closed quiet with net loss of Ac.
Among the provision crowd the orders
from outside were mainly in the way of
selling out. several brokers who were more
active In ceiling were so opposed to be get
ting rid of long stuff for
$3.50. or 17lao below the price it
closed at yesterday. 1t dropped from 2ls
to SC on every sale until 1t reached $3.50,
and after rallying to SIS. 80 1t renewed the
decline and kept 1t going until SIS was the
recorded prlce. Lard and ribs were also
weak. but not 80 pronouncedly as pork.
Just at that point of extreme weakness
where every thing appeared to be deserted
by its friends. CuGahys sent their brokers
into the pork pit and into the ribs crowd,
while Fairbanks brokers took hold of
lard, and everything received lively
hoist. The estimated receipts for tO-mor-
row are: One hundred aud seventy We
cars of wheat. 165 cars of corn. 100 cars Of
oats and 81. 600 hogs. The leading futures
ranged as follows: