The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-24
THE VISIBLE WHEAT
SHOWS LITTLE SIGNS OF FALLING
OFF AND PRICES ARE LOWER.
Cereals Declined at Chicago satur-
day, While Lighter Hog Receipts
Made Provisions Firm.

CHICAGO, Feb 23.-Trade on Change
was dull to-day and in the end prices
suffered. Compared with the closing rates
of Thursday, wheat is l4c lower, corn is
about 1ac lower, oats lost 14c and provis-
ions, although supported by a falling off in
hog receipts and a reported goed demand
for cash stuff, barely held their own.
The weakest feature in wheat was the
prospective failure of the visible to de-
crease largely Monday. Wheat opened with
from 1sa54c below the price it closed on
Thursday. The cables were steady. the re-
ceipts in the Northwest no heavier than
had been expected and nothing else which
might be calculated to cause weakness
was made public at the opening, or had
occurred since the close on Thursday. New
York placed selling orders in the hands
of a half dozen commission houses here for
execution at the opening. The placing CT
these orders caused the May price to open
at SIC for the most part with few sales
at 53lsc as compared with 53l4e at the close
on Thursday. In New York and st. Louis,
on the contrary prices showed &c improve
ment at the opening. The tendency here
during the first hour after the opening was
toward the picking up of the 14c dropped
at the start. 1t was generally expected that
the decrease in the visible supply Monday
was u prominent factor in the market. Re-
ceipts here were eighteen cars. Minneapolis
received SO cars since Thursday morning
and Duluth reported 175 cars for the day.
Atlantic port clearances since Thursday
were equal to $4,000 bushels in wheat and
flour. Primary market receipts were 452, 900
bushels. Advices from the seaboard were
to the effect that there were good many
inquiries from aboard for wheat for ship
ment and some orders were also received
in this market for export to Liverpool.
hs MARKET here fn had nd very narrow s
55l4c the upper. with the lower price ruiz
ing at the close.
The corn market was rather easy at the
start, and decidedly weak toward the end.
The concluding weakness was due to the
estimated receipts of $40 cars for Monday:
The primary market receipts were 544 COO
bu, against 475,O00 blu on the corresponding
day of the year before. The opening price
higher of these the most general trading
price. There some buying by local
scalpers when wheat made its temporary
Ac advance, but the estimated receipts for
Monday were too heavy for any hope of
immediate Improvement, and early buyers
made very vigorous efforts to get rid of
After rising to 45Ac the ensuing decline
took the price down to 44l4Q44ssc, which
was the closing quotation.
For Saturday the oats market was fairly
active. Prices closed a shade under the
last quotations on Thursday In sympathy
with corn, but notwithstanding this, the
market was relatively firm. Higher prices
were paid usually, and only at the end did
any sign of a decline occur. May started
&c. and rested at 29@29sc. a 9a
Provisions, helped by light hog receipts,
sc for lard and from unchanged to 211c
higher for ribs. The tendency was slight
ly downward for a short time, and then
cations of improving than of selling lower
until the corn market became so erratic.
effect, and the early gain was lost May
pork and ribs closed unchanged and May
lard .O21ac higher.
Estimated receipts for Monday: Wheat,
10 cars; corn, $40 cars; oats, 800 cars; hogs,
10000 head.