The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-01-15
WHEAT STILL LOWER
Another 3-4c Knocked Off on Poor
Demand and Free Selling.
BeerbOhm Estimates 29.500,0 900 Bushels
for Export in Foreign Countries
Over Previous Figures.

CHICAGO, Jan. f3.-The poor export de-
mand and free selling sent wheat down
again to-day. May closed with a loss of &c
May corn closed Ac lower; May oats CSC
lower, and provisions finished with pork
slightly higher and lard and ribs a little
lower.
Wheat started weak, with May Ac lower
at 65@&c. and under heavy pressure to sell
began decline which continued with few
reactions throughout the session. The weak
ness attributed to the smaller clear
ances, the exports OF wheat and flour from
both coasts being reported about 100000
bushels smaller than the preceding week.
The clearances of wheat from the Atlantic
ports, however, were little larger than the
preceding week. The receipts at primary
markets were a little smaller than during
the preceding week and operators look for
a small decrease in the visible supply, esti-
mated at from 100000 to 100000 bushels The
report credited to Beerbohm that the ex-
portable surplus of wheat was 90 500, 900 BUSH
els in excess of the estimated requirements
OF importing countries, also had a some
what weakening effect on values. Gables
were not encouraging. Export clearings
were small yesterday and aggregated 2lO,
900 bushels of wheat and flour, of which
10000 bushels was IN flour and $1,000 bushels
was wheat shipped from New Orleans. New
York reported only twelve loads for ex-
port. and no shipping business was done
here. The speculative offerings We're fairly
large and exceeded the demand. Domestic
markets were quiet and easier. Receipts at
Duluth and Minneapolis were 25l cars
against 24S cars yesterday and 319 cars for
the corresponding day a year ago. Local
receipts were 120 cars, and a year ago were
151 cars. kennett-Hopkins, SchwartZ-Dupee,
Baldwin-Farnum, and other big traders sold
perSlstently, and May closed but 1sc from
the bottom figures of the day. May opened
at 65s4c, lost 14c, rallied lsc, lost 12c, and
rallied 1sc to close at 65Ao.
Corn was moderately active at times,
with the feeling easy, and slightly lower
prices occurred. The action OF wheat, to-
gether with sales by several prominent OPP
orators, were the principal factors in Great
ing depression. The lack of outside specu-
lauve interest was instrumental in bring
ing about the easier sentiment. Receipts
were rather heavy, estimates for Mondays
receipts liberal, and May closed but
1sc above the days bottom figures. May
opened 1sc lower at 3Slsc, advanced 1sc, lost
Pressure to sell caused weaker feeling
in the oats market. May opened &c lower
at Boise, and after advancing sc on. little
buying, declined sc, and closed at the days
bottom figures 293sc.
The provision market opened active and
lower on receipts of live hogs being 5000
them. On somewhat limited offerings the
feeling very steady at the decline
except that ribs were weak and COMPARE
lively lower than anything else On some
support TO pork by prominent packing
institution, the decline was recovered. Pork
continued to be more active than. anything
else, and after scoring an advance over
yesterdays final figures, reacted to the
opening figures of the day, on support being
withdrawn, and the offerings a little more
free, with lard and ribs ruling steady SUBJ
sequently a little bidding sent prices up
again. the market ruling firm, finally react
ing to limited extent and closing steady.
Compared with last night May pork is sc
higher, May lard .1Oc lower, and ribs O5c
lower.