The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-11
WHEAT O S DULL
Uncertainty About the Govern
ment Report Retarded Trade.
While the Leading Cereal Went Lower
Both Corn and Oats We're Higher
Pork Declines.

CHICAGO, March 10.-Wheat closed dull
and lower than yesterday. The uncertainty
concerning the expected government report
prevented much trading, and rumors that
IL would be bearish caused an easier feel
ing. Fluctuations were confined to a range
of sc. Corn averaged firm. The seaboard
reported a good demand for export, with
cash corn in New York bringing 1c per
bushel over the May prices. 1t closed here
with a gain for the day of Ac. Oats are
also nc higher. Provisions were irregular
at a shade lower prices.
Wheat was weak for the first half hour,
but the feeling of uncertainty concerning
the government figures to be issued in the
afternoon regarding the amount in farmers
hands kept the fluctuations within narrow
bounds. After a decline of &c and a subse-
Quent recovery, the market remained steady
and with an evident reluctance to do any
more business during the greater part of
the remainder of the session. The matters
which usually affect opinion were disre-
garded. Even the highly favorable weather
was confined in its influence to an express
sion from the traders of physical satisfac-
ton Herewith. The weeks reports from
both coasts, as reported by Bradstreet,
WIZ o-A,OVV OSAC AAiSAAdih6 AO0i. Oh
the preceding week they amounted to g.
$4,000 bushels, and to 2,S94,00O on the CORE
spending week of last year. Exports since
Jan. l, this year. the same authority gives
as 26. OOO,OOO bushels, compared with SO, OoO.-
coo bushels for the similar period of last
year, and 10000, 900 bushels on the year be-
fore that. The ~clearapces from the Atlantic
seaboard were equal to about 351, 600 bush
plS In what ond n0nr Chioa on roCpiVp6
Al cars of wheat, against Is a year ago.
Minneapolis reported 241 cars and Duluth
81. against 800 and 81, respectively. a year
ago. Liverpool and continental markets
were quoted dull and rather easier. The
closing price for May was 59h@59Ac.
Corn followed the downward course of
wheat early in the day; but on an attempt
for about 250. 600 bushels the offerings were
50 light that hc was added to the price dur
ing the few minutes occupied IN fiIing IL t
corn as II was In wheat. a reason for eX-
treme fear. and the market manifested its
apprehension as the snail does, by curling
itself up inside Of it's shell. The purchase
by Irwin-Green of $50, 600 bushels already re-
ferred to was the only notable feature of the
days trade. May opened at 37sc, sold down
to &c. recovered to 371sc and then jumped
up to 37hc quickly. During a few minutes
of the close the price ruled between 37Ikc
and 3I5sc. Receipts for to-day were only
1872 cars. and for Monday 800 cars are esti-
mated. Under a little squirt of active buying
near the close May advanced for a second to
S7&c. The latest trading was at 379sc.
There was a good general business trans
acted in oats and also some large trading.
Schwartz. Dupee & Co. were buying freely,
which was the principal cause of the
strength. There was also some sympathy
existing between corn and oats. The mar
ket started steady at 305sc for May, touched
3Olac and advanced gradually. to 311sc. 1t
closed with sellers at that price, which shows
a net gain of 1Rc over yesterdays last quo
tations. The provision market redeemed
the session from utter inanity. There was a
fairly good scalping market at generally
lower prices. The hog receipts were II, 600
head for the day. For the week they
amounted to 114.57, compared with 90. 500 for
the corresponding week of last year. The
market started weak on selling by Baldwin,
Farnum and Hatley. but the light receipts
and buying by Chaplin, edwards e. Rum
sey and Lightner sent prices up with a re-
action later on a little selling. Compared
May lard .071ac lower and May ribs csc
lower.
Estimated receipts for Monday are:
Wheat, So cars; corn, 300 cars; oats, 182 cars:
hogs. 27.0O0 head. Leading futures ranged