The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-01-14
WHEAT STILL LOWER
Another 3-4c Knocked Off on Poor
Demand and Free Selling.
BeerbOhm Estimates 29,5O0, 600 Bushels
for Export in Foreign Countries
Over Previous Figures.

CHICAGO. Jan. 13-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 sc
lower and provisions finished with pork
slightly higher and lard and ribs little
lower.
Wheat started weak, with May &c lower
at 65%4c, and under heavy pressure TO sell
began decline which continued with few
reactions throughout the session.. The weak
ness was attributed to the smaller clear
ances. the exports Of wheat and -four from
both coasts being reported about 10000
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 little smaller than during
the preceding week and operators look for
a small decrease in the visible supply, esti-
mated at from 800, 0O0 10 500.0 600 bushels. The
report credited TO Beerbohm that the
portable surplus of wheat was 30 500, 600 BUSH
els in excess of the estima ted requirements
OF importing countries. also had some
what weakening effect on values. Cables
We're not encouraging. Export clearings
were small yesterday and aggregated no.
600 bushels of wheat and -four, of which
10000 bushels was IN -four and 50 900 bushels
was wheat shipped from New Orleans. New
York reported only twelve loads for
port, and no shipping business was done
large and exceeded the demand. Domestic
markets were quiet and easier, Receipts at
Duluth and Minneapolis were 25l cars
against PAS cars yesterday and 319 cars for
the corresponding day year ago. Local
receipts were 100 cars, and year ago were
Isl cars. Kennett-Hopkins, Schwartz-Dupee,
Baldwin Farnunl, and other big traders sold
persistently, and May closed but sc from
the bottom figures of the day. May opened
at 6534c lost &c, rallied sc, lost 12c, and
rallied 1sc to close at 6o14c.
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 were liberal, and May closed but
opened &c lower at SS1sc advanced Bc, lost
ssc and reacted 1sc, to close at CSC.
Pressure to sell caused a weaker feeling
in the oats market. May opened 1sc lower
at 3Olsc, and after advancing sc on a little
buying, declined sc, and closed at the days
bottom figures, 29ssc.
The provision market opened active and
lower on receipts of live hogs, being 5000
over the estimate, and lower prices for
them. On somewhat limited offerings. the
feeling was 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
free. with lard and ribs ruling steady. SUBJ
sequently a little bidding sent prices up
again, the market ruling firm, finally react
ing TO a limited extent and closing steady.
Compared with last night, May pork is sc
higher, May lard 10c lower. and ribs Csc
lower.