The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-10
GRAIN STILL LOWER
EASY CHICAGO MARKET FOR CERE-
AIS, ALL LINES DECLINING.
Fair Weather and Slow Demand from
NEUTRALITY-SUSPICIOUS. Were Firm and
Scored Good Advances.

CHICAGO, April 9.-Fair weather and
easy cables resulted in an easy wheat mar
ket to-day, May closing Bc lower. liberal
elearances and good cash demand prevent
ing a further decline. Corn closed sc low
er for May, and May oats lost ssc. Pro-
visions went the other way, scoring good
advances.
Wheat opened weak Sunshine after rain
did it principally. The cables reflected yes
terdays easier feeling here The crowd
had wheat for sale at 54sc for May at the
opening, against bids of SIC at the close of
yesterdays session, and in the course of
an hour it worked down to 545sG5434c. 1t
showed signs of recovering until the
clearances from New York were found to
amount to- the equivalent of $4,000 bushels
in wheat and flour together. A recovery to
547sc took place after the New York clear
ances became known. A good demand was
reported still existing here for red win
ter wheat for shipment. Bradstreets Wis
ible statement reported a decrease in
wheat stocks on both sides of the Rockies
in this country of 2194.OOo bushels and an
increase in and afoat for Europe Of 38A 900
bushels, making net decrease of 00O0
bushels in the worlds stocks. No change
in the price here occurred Immediately
after the announcement. The Minneapolis
and Duluth receipts to-day were 295 cars,
against 375 a year ago. and the Atlantic
gated 1872 600 bushels. The continental de-
mand for wheat, to judge from the destina-
ton of the weeks shipments from all
countries, is very much in excess of the
English purchases of the quantity shipped
from the Baltic and sundry other ports last
week. The United Kingdom took GAG. 900
bushels and the continental countries O.
400 GOO bushels and the respective proper
tons of the shipments of the week previous
were, to the United Kingdom 400 900 bushels
and to the continent L. $4,000 bushels The
price touched Doc about midday, and after
a which
was bid at the close.
Corn opened weak, and heavy feeling
iceipts were light at this point and else
where, as compared with the movement of
atey light. The number of carloads in
spected here was 14s cars May opened at
at that It nu SOON wl'h became eeM buyers yery
weak under selling by two three
an hour or SO it had declined to 455s@45Ac.
Some recovery then commenced, and dur
ing the last half hour 457sc was the ruling
price 1t closed at 4574c.
Oats were fairly active. The market
ruled easier under free selling by longs.
Kennett- Hopkins bought good many
started at 29c, sold at 291sc. declined to
2S7se, sold again at zoe, and closed at 2s7s@
ing at 275sd2724c. To-day's receipts
amounted to 247 cars of which 172 cars
Provisions opened about at the closing
price of the day before, but soon devel-
oped an amount of strength that made
the shorts climb From S1190 at the OPEN
ing for May pork, it rose in the course Of
an hour to 1920. and closed at $12271s. a
recovery of So cents since yesterday. May
lard started at 6.S715c and advanced to
7:o21ac the latter about the highest for
the day and closing quotation. May ribs
opened at 6.321ac, rose to 6.371ac and closed
az e.55c. Hog receipts were only 12,O0J to-
day, the light receipts and liberal buying
by Armour giving the market its sharp up
turn.
Estimated receipts for tomorrow: Wheat.
$4,000 head.