The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-20
ALL MARKETS LOWER
HEAVY NORTHWESTERN RECEIPTS
ENCOURAGED CHICAGO SELLERS,
or Fractions-Provisions Likewise
Closed at Declines.

CHICAGO, Feb. 19.-Wheat was inclined
to steadness to-day. helped by better cables
and liberal decrease in the worlds visible,
but heavy Northwestern receipts encour-
aged sellers, May closing 3sc lower May
corn lost &c. May oats 1sc and provisions
finished at moderate declines.
Minneapolis and Duluth reported receipts
at $50 cars of wheat, compared with only
22S on the parallel day of the previous week
and 221 cars on the corresponding day of
the year before. That caused the market
to open rather weak and at about 1sc under
the previous days closing price. The for
eign markets were quoted either firm or at
least steady and the weeks shipments
from the other exporting countries of the
world were lighter than on the week
before. That in a very short time more
than counter balanced the Northwest
ern receipts and being followed up by the
figures Of the Atlantic clearanceS for TWEEN
ty-four hours, which proved to be heavy,
the easy opening was succeeded in about
ten minutes by period of quite bullish
activity. during which May advanced from
521ac about the opening to 53c in less than
forty-five minutes, thereafter. A falling off
influences which underlay the bullishness
which succeeded the first weak SPELL Later,
with Partridge selling, the price worked
off again on the level Of the opening rates.
When Bradstreets statement of the visible
came to hand at noon the price OF May
was squirt of activity following the an
nouncement and although the report was
bulliSh, the price only gained 1sc to 1mme-
diately lose it again. The statement showed
total decrease in the worlds visible of q,
eosed from gteady to rm but
time there was disposition to sell on
account of reports from the seaboard that
there was demand whatever from ex-
to-day.
improve again and about half an hour from
the close there were buyers at 52s4c. At the
advance there was more selling and May
closed at 5212c
The corn market was moved about in line
with the fluctuations in wheat The range
was not wide, but the market made up for
the narrowness of its range by going over
1t several times. Partridge was supposed
to be seller on the hard spots. The
days receipts were liberal at 447 cars, but
only 155 cars are expected tomorrow. Ex-
port clearanceS for the day We're fair: Prim-
airy Western markets received 2S7. 00e BUSH
els. compared with 655,000 year ago. May
opened to-day at 445sc and dropped down
to 44as@441ac for an instant before improv-
ing upon the starting price. 1t rose to AN
Q44c7sc at the time of the early bulge. in
wheat, and subsequently, rose and fell a
number of times between 441aQA9s4 44s4c,
closing at 44ssc
tuations were narrow and Influenced almost
entirely by corn. May started at 29c, sold
up to 2s1sc, and later declined to 2s7ac. at
which price it closed.
The provision market was quite firm as
long as the packers refrained from press
ing sales. but when they made attempt
to unload little the demand was not
there and the price took an immediate
drop. Business was dull. The receipts of hogs,
which were 1900 under the estimated num-
Der was probably the cause of the early
slight advance After an advance of 71ac
pork closed up with a loss of &c. COM
pared with the closing price of the day be-
fore. Lard closed without change and ribs
at 21ac decline.
Estimated receipts for to-morrow-Wheat
hogs Sc, 600 head
Leading futreS ranged as follows to-day.