The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-16
CEREALS WERE DULL
CHICAGO SPECULATIVE MARKETS
INACTIVE MOST OF YESTERDAY.
Wheat ana Oats Each Lost 1-Sc and
Corn 3-Sc-Provisions Slightly
Higher on Buying by Packers.

CHICAGO, Feb. 15-Dullness was the
most prominent feature of the trade in all
the speculative markets to-day In grain,
firmness was the rule during the forenoon
in spite of the dizziness. but in the after
noon wheat, corn and oats were all rather
weak and closed at declines of 1sc per
bushel each, in wheat and oats, and CSC III
corn. Provisions reversed the order which
obtained in grain by opening weak and clos
ing firm at a slight Improvement.
Wheat at the opening was confronted by
two items of opposing tendencies-the heavy
Northwestern receipts on the one hand and
the passing of the resolution by the Portu-
guese government authorizing the importa-
ton of 10000 bushels of wheat between
now and Aug. 1. Minneapolis received 254
cars and Duluth lib, or 337 together, against
lS9 cars on the previous Friday and 21S a
year ago. Although the receipts were dis
appoint,ngiy heavy; disappointingly so be-
cause the recent small arrivals had led to
an expectation of continued light improve
ment the Portuguese matter was more in
fuential. May, which closed yesterday at
5512c, opened this morning at from $3.50
to 5314c, but hardened when trading got
fairly under way and had a generally adj
vancing tendency during the forenoon. Re-
ceipts at Cnicago were Il cars. Urinary
w estern market receipts all told amounted
bushes a week ago and 2l.O00 bushels last
year. The export clearanceS of the PRINCIPAL
Atlantic ports, including both wheat and
Hour. We're $4,000 bushels. OF which only
14,oOO bushels was of wheat. The market
showed surprising firmness IN view of the
generally discouraging character of the
days advices. Foreign markets were as
near to unchanged they ever collect
lively get. The price, after gradually stlnen-
ing up to 53asQ53s4c dropped back again
to 55ssc, and appeared TO be wanted in
greater quantities than it was for sale at
less than 531ac. but near the end Of the ses-
sion the offerings became more liberal and
May closed at $3.50.
The corn market was comparatively quiet
but rather weak and closed at the bottom
OF the days range, and &c below yester-
days close. 1t was thought that Partridge
who was known to be long, was disposing
OF his corn through brokers or, if not
Partridge. then some other holder or hold
ers of considerable quantity. 1t was not
thought to be selling Ior short account
that caused the weakness. The days re-
eeipts We're 1S9 cars, whereas 30 had been
estimated. The market got its principal de-
cline after the estimated receipts for to-
morrow were known to be 225 cars May
the higher of these quotations and from
that down to 447sc, with the latter price
bid al the close.
Oats trading was in small lots and scat
nrmer May started at 29!sc and sold at
291s02914c A decline followed, the market
resting at &c bid.
The provision market opened weak and
closed firm at some advance on buying by
packers. The receipts of $4,000 hogs, in
stead of $4,000. as estimated, caused the
pork and csc each in lard and ribs. At the
close the price of pork was 71hc higher.
with lard and ribs virtually unchanged.
Estimated receipts for to-morrow--Wheat.
~ cars corn. 225 cars; oats, 10 cars; hogs,
2l.000 head