The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-26
WEAK WHEAT MARKET
LATE BUYING PREVENTED a DE-
CLINE OF MORE THAN 1-2C.
All Markets Dull and Heavy. Trining
Changes in Prices Being Re-
corded at the Close.

CHICAGO, Jan. 25.-The opening OF the
wheat market was at q Slight advance, bur
the close at hc decline sincS Saturday. The
loss would perhaps have been somewhat
greater if it had rot been that some of the
traders at almost the laE moment decided
IL unwise to leave the floor short with a
government report to be encountered to-
morrow. Other markets were dub and
heavy. but show only trifling changes in
prices.
Wheat opened very quietly. May. which
closed Saturday at S01sc, started this morn
ing at S0Ac as the extreme limit. at which
a few buyers were found. The slight i'm
provement here noticed was because of Ad
advance at Liverpool, together with the Sc
we're cold. which had suddenly supplanted
the previously prevailing springlike wealth
er. But the extreme dullness, coupled with
the rather unsatisfactory tone of some of
the statistical news, soon depressed the
price TO 1850. The demand for cash wheat
was entirely lacking, and in the absence of
such demand the small worlds shipments
and domestic receipts and a considerable re-
duction in the visible supply were disre-
garded. A comparatively small decrease in
as an important beariSh factor, ard an in
crease of $780, 600 bushels in Liverpool stocks
for the week was also considered of much
greater consequence than 249, 900 bushels
decrease in the entire stock of the United
Kingdom. The receipts were twenty-three
cars, compared with eighty a year ago.
Minneapolis and Duluth received 1S5 cars,
against 33 a week ago and 724 carloads on
the corresponding day of last year. The
worlds shipments of wheat and flour were
f,509, 600 bushels. compared with weekly re-
quirements of 100000 bushels. The visible
decreased 1.5l4, 600 bushels, compared with
465. 900 bushels decrease a year ago. The ex-
port clearances from Atlantic ports Satur-
day were only 155. 900 bushels in wheat and
flour together. The price here got down to
1yAq19ssc. but firmed up again near the
close, due to indisposition among some few
scalpers to go home short with the uncer-
tainties of the Washington agricultural re-
port hanging over them. The closing price
was 1894 1850.
Corn was inactive and nearly featureless.
The price held about steady during the first
hour, but when wheat got easier corn also
sold off a fraction. The visible increased
BUSH bHsSe Pss Isst y against Nav an increase onensd of { 2, sbsSo
higher. at 2ic. fuctuated within a Lc mar
gin and closed easy at 237sc.
Oats We're quiet. with nothing of any con-
sequence to report of the market. Trading
was rather limited and entirely of local
scalping nature. Slight decline was noted,
due TO sympathy with wheat. May opened
a shade higher, at 17BM1Sc. sold at 1Sc. de-
clined TO II 2-3c and closed at I7%G17Bc bid.
Provisions were very slow. There was a
momentary strength at the opening, on the
moderate hog receipts. but the market soon
fiattened out, anG for the greater part of
the day prices tended downward. Near the
close some covering by shorts produced a
reaction, and most of the early loss was re-
covered. At the close May pork was 21ac
lower, at SS.O212: May lard a shade lower, at
SiO112. and May ribs a shade lower. at s4.l0.
ima receipts to-morrow-Wheat, A
cars: corn, 43O cars; oats. S25 cars. Hogs.
1000 head.