The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-01-13
DULL GRAIN MARKETS
Fluctuations i'm Wheat Were Held
Within a Scant Lee Range.
The Trade Was Weak aud the Tendency
Downward i'm the Leading Cereal
as Well as Provisions.

CHICAGO, Jan. 12-Extreme dullness and
narrow fluctuations were the~features of
the grain markets to-day. Lower cables and
an unexpected increase in Northwestern
ceipts sent wheat down after an early adj
vance, but good clearances and some buy
ing caused a reaction and May closed sc
lower than yesterday. May corn closed &c
higher. May oats unchanged and provisions
slightly lower all around.
Wheat was quiet and fluctuations were
confined to a range of nc. May opened 1sC
lower at Gee. On rather free offerings at the
start there was a slight DROP but there were
buyers for the wheat thrown on the market
and prices advanced. The advance could not
be long maintained, however, in the face of
discouraging early news. Gables were gen.
orally lower. The mild weather was against
the market and aided in the decline. Receipts
here were light. Chicago getting but seven
ty-two cars against 3l4 year ago. North
western receipts were also less than last
year, but this news was more than offset
by rumors that receipts in the Northwest
will increase largely for the next week.
Trades were very few, but such were
made showed a steady decline until May
touched 65Ac. Then there was a reaction
which almost overcame the previous loss.
The advance was caused by the export
clearances which, from the four principal
Atlantic ports, amounted to 100000 bushels
in wheat and flour. Closing cables came
weak and lower, and they, with the rumor
of an excess of sc 100000 bushels over the re-
quirements of the importing countries 10 the
end or the present season, prevented fur
Their advance, and May closed midway be-
tween the top and bottom figures of the
day at Coo. May opened at 66c. lost &c, sold
up sc, lost 12c, reacted &c, and closed easy
very moderate speculative trade oc-
Cured in the corn market which held
f0i OF lott off V-4x,c,
were less free, while the demand, especially
for the near deliveries was considerably
increased. There appeared to be good buy
ing orders in the market for May around
38lsc, parties who have sold at higher fig
ures being. anxious to buy back. May
opened unchanged at 3Slsc and after ad
vancing l4c on buying, reacted to the open
ing figures, and then advanced 1sc, to 3SAc.
where 1t closed. fluctuations having held
within Ac range.
In oats there was a fair trade and a
weaker feeling early, prices receding slight
ly on free offerings, but later reacted A@
sc on buying by Captain Phillips and
200 cars expected tomorrow. May opened
&c lower at 30lsc, lost &c, advanced sc
and reacted 1sc TO close at 3oAc fiuctua-
lions having been confined to a quarter cent
range.
Provisions were quiet. The general tone
weak in response to the decline in live
hogs at the yards, and estimated liberal
receipts for tomorrow. The filling of a
few orders at the opening caused a slight
advance, but as soon as this was DONE the
markets sagged off, pork and lard being
carried down by the break in ribs. the
packing institutions that had bought the
day before selling out A firmer feeling
prevailed later, especially for lard. but
there not much doing, and shortly be-
fore the close the market became weak
and lower and so closed. Compared with
last neSt May pork is 10c lower, May
lard, Csc lower, and May ribs, .121ac lower.
Estimated receipts for tomorrow are:
Wheat 50 cars: corn, $40 cars; oats. 200
cars; hogs, $4,000 head. Leading futures
ranged as follows.