The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-22
GRAIN MARKETS LOWER
LARK OF SPECULATIVE ACTIVITY
GAVE SHORTS A CHANCE.
Wheat, Corn and Oats Depressed and
Scored Fractional Declines
Provisions SIumped.

CHICAGO, Nov 20.-A declining tend
ency. due principally to lack of speculative
activity characterized business in all the
grain and provision pits to-day. At the
close wheat showed declines of nc in De-
cember and &c in May Corn declined "a
CSC, oats sc for December and AQ9sc for
May Provisions declined 501Oc.
Wheat was dull and &c lower on account
of Liverpool dropping the larger part of
yesterdays sudden and extravagant bulge.
1t continued dull except for about fifteen
minutes in the middle of the day, when the
market was seized for a bear raid that was
moderately successful. Minneapolis and
Duluth receipts were 1,012 cars, against
1890 the preceding Saturday and 7S5 the cor
responding day q year ago. Chicago had
1873 cars, against 131 week ago and seven
ty-nine cars last year. The weeks clear
ances of wheat and -four to Europe from
both coasts Of the United States and Can
ada, with one exception, were the heaviest
on record. They amounted to $685. bush
els, against 5445, 900 bushels the week before
and 1897 900 bushels in the like week Of the
previous year. Argentina did not ship any
grain to Europe this week, but a cablegram
from Liverpool Corn Trade News stating
that Argentina was offering new crop of
wheat for March shipment at 80 shillings a
quarter, or SO cents a bushel, was one of
the most bearish features in the news of
the day. 1t was also very generally be-
lieved that yesterdays peculiar advance at
Liverpool was due to buying orders from
Chicago. Continental markets were steady
to firm. Antwerp quotations were I'M
changed and Paris 20 centimes higher for
near and 10 confines up for late deliveries.
Export clearances for the day from Allan
bio lnT-tG hJTch o1c CO. 1Ort
business was reported as having been done
from here 10000 bushels was the guam
tity, and it was said a similar quantity was
disposed of for export at Duluth. The prob
ability is that only the $50. 000-bushel lot
was sold New York reported eight boat
loads sold for shipment there. May wheat
opened at from 901ac to 90s4c, sold up to
S0sic bid down near the close to 901sc and
rested at 90B690Hc.
December and May widened to S12@39sc.
There was heavy selling of May, one firm
disposing of at least 1000 bu- Elevator
people were on the selling side. December
suffered the most from the days liquida-
ton, that option declining &c, while May
lest &c. The weeks clearances were 100000
bu. Receipts, 329 cars. May ranged from
2S7sc to 2912c, and closed at 291aQ295sc.
oats were weak with very moderate
volume of trading. Prices declined under
selling by elevator people. The bull crowd
which has been so much in evidence all
week, gave the market no support to-day.
Receipts were SS7 cars, May ranged from
221sc. December oats, as the case in
corn, caught the most liquidation and closed
5sc lower.
Provisions were heavy. Closing prices
were the lowest of the day, and for ribs not
far from the bottom prices of the season.
credited to packers, the English packers in
particular. Large hog estimates for next
week affected the market. January pork
was 71AGI10c lower at $S.171a; January lard
5Q71kc lower at $4.221a, and January ribs &c
lower at 1920.
Estimated receipts for Monday-Wheat,
100 cars; corn 415 cars; oats. $50 cars; hogs,
IS 900 head.