The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-15
ALL CEREALS LOWER
HEAVY SELLING OyERcAME INFLu-
ENCE OF DECREASED VISIBLE.
May Wheat Finisheds3-Sc Down, with
Corn and Oats LIE Of, and Pro-
visions Unchanged.

CHICAGO. Jan. 14.-Wheat was easier de-
spite a decrease in the visible supply and
closed sc lower for May. influenced by lib
eTal selling. May corn closed 14c lower.
May oats &c lower and provisions finished
with but little change.
Wheat started easy in tone at 1sc decline.
Trade was not brisk, but the p-reponderance
of orders from outside was to sell, and the
local crowd observing that, were in a hurry
to square themselves with apparent differ
ent outside opinion. The news of the day
with the exception of an increase of 1,120,-
Coo bushels in the quantity on ocean pas
sage, for the United Kingdom and continent,
was bullish. May which opened at $3.50
585sc, declined in the course of an hour to
5ssG5SAc and showed but little inclination
to react until after the publication of the
visible supply statement, which being con-
strued bullishly, caused a recovery to 5Sss
@5S%c, which was, however, again followed
by another decline. The visible supply de-
creased 1,21, 900 bushels. which was about
as generally looked for by the conservative
bulls. Outside of the regular market news
was a dispatch copied from the New York
World, stating that owing to scorching
winds in Australia, wheat was being cut
for hay. Receipts t at primary markets ark s
bushels on Mondoy last and 1900 bushels
q year ago. Chicago got t~hirty-nine cars,
Minneapolis 221 and Duluth thirty-two. The
last two named places fell short eighty
cars of their receipts at the corresponding
time last year. Clearances from the At
lantic ports and New Orleans amounted in
wheat and flour to 240.00 bushels of which
$4,000 bushels was wheat. The foreign mar
kets were firm. London quoted wheat and
flour cd per quarter and Sd per sack, re-
spectively, higher. Paris was a shade high
er for wheat and flour and Berlin reported
an advance of from ~ to u marks. MiIlers
in Ontario. Canada. were reDOrtQn n hid
ding Tic f. 0. b.. at Buffalo for some Mani
toba wheat which is held in bond there,
originally intended for shipment to Europe.
The market showed a tendency toward re-
covery near the end, May closed at 5S%c.
lures res corn Of it ma oMn. T It f% oliowsS sfh n . 1 hea-
way the course of wheat, but it's fuctua-
tons were confined within a narrower limit.
The cut in rail rates to the East continued
at chicago were 5Ss cars, Of which three
only were of the contract grade. For to-
morrow the estimated receipts are 40 cars.
May opened at 4SAc and 1880 was paid for
a limited quantity: After that the market
to 4Sc,. it was with difficulty raised &c over
that, but only to go still lower near the
close, 473sc being quoted within ten min
uteS of the end, but closed at 4Sc,
In oats business was quiet. Early in the
day but little inquiry existed. which with
the slight strength noticeable then. Later.
however, this disposition was pr4hcipally to
sell ana as corn also oats did
likewise, remaining so during the greater
part Of the session. May started at 311Ac,
n s. d,a at SlAe and declined to so7sc. where
Provisions were very dull. but steady.
Hog receipts exceeded the estimate, but
prices at the yards were higher and that
aided the specula tive market. Fluctuations
were narrow and there was little trading
either way. MAY pork closed 21ac higher
and May lard and ribs unchanged.
Estimated receipts for Tuesday-Wheat.
90 q ears; corn, 415 cars; oats, 140 cars: hogs,
$4,000 head.