The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-23
CHICAGO GRAIN WEAK
WHEAT WENT # 1-2C AND THIEF
RAIN FELL 4 FRACTION.
Lower Foreign Markets Influenced
Local Prfces-Scarcity of Hogs
oosfe the Price of Provisions.

CHICAGO, March 22.-Pronounced weak
ness in the foreign grain markets weak
ened wheat here to-day. and May closed
nc lower. Corn followed, losing sc, and
oats closed &c lower. Helped by a scarcity
OF hogs. provisions made gains.
Wheat, receiving no encouragement in
any direction, except in rather mediocre
promise for the next crop, ignored the latter
as a pressing factor and followed the di-
rection impaired to it from weaker foreign
markets. The French country markets
We're quoted as exceptionally weak, the
Beerbohm cablegram quoting a decline of
I'D, and both Paris and Berlin sent lower
quotations.. Some covering of shorts, UNI
der cover of the heavy feeling induced by
the cables, held the market steady for an
hour at from 545a54AG547sc, but further
weakening influences appeared as the de-
tails OF the days receipts and shipments
came to hand, and before u o'clock the
price had tumbled to SAC. The receipts at
Minneapolis and Duluth numbered 1868 cars.
The total of the primary market receipts
was BIC. 900 bushels. The exports from the
Atlantic seaboard were discouragingly light,
amounting, in wheat and flour, to about
120,G bushels, and 1900 bushels of that
was from New Orleans. Some inquiry vas
reported for more of the Chicago No. 2
red winter for shipment at the opening of
navigation, and a cargo was worked early
in the day at a higher premium over May
price, C. !. f. to Buffalo, than previously
made Some more covering of shorts re-
suited from the evidence that Cnicago
wheat was now comparatively cheap with
that held elsewhere. The price recovered to
541ac, but the closing cables were, taken
together, no Improvement on those which
were received in the morning, and the
which was the next resting place., there
was a fair demand about half an hour from
t befo eno t Gr 'n Close sess TO 54,lc on nth the lo reported
atkins of fifty boatloads for export at New
York, and at the close here there We're
buyers at 543sc.
The corn market was limp and almost
lifeless during a great part OF the day.
The recent buying spirit has entirely sub
from any of the heavy operators. The re-
ceipts here to-day were 16O cars. and 40
are m for tomorrow. me exports
for the day from the Atlantic ports were
5000 bushels, including 1850 bushels from
New Orleans. There was a good local de-
mand for cash corn. with nominal decline
Of 1c per bushel at the close May ranged
from 465sc near the opening down to 4o9sc
in the afternoon, and closed at 45Bc.
Oats were active and a good business was
transacted. Prices were weaker with the
other cereals and We're, TO some extent,
ruled by them. However, free selling by
Carrington-Hannah and Bartlett-Frazer
were very influential i'm lowering prices.
The demand was fair throughout; espe-
cially for May. at &c; me n eaow so, n f gem3
29iae 70 2essc. down to 2S7sc, and closed at
29c.
influenced by present and prospective light
hog receipts, provisions were very firm.
with few sellers. The greatest strength and
highest prices obtained early in the day.
but in the end gains were established of
from Toe to 15c In pork, and loo. each in
lard and ribs. Hog receipts, which yester-
day were estimated at 1900 head, turned
out to be q, 900, and for tomorrow $4,000 are
expected.
Estimated receipts for Saturday: Wheat,
80 cars; corn, 245 cars; oats, 165 cars; hogs,
IA. 1000 head. Leading futures ranged as fol-