The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-12-23
WHEAT DECLINED 1880
BEARS HAD THE BEST OF 1T IN CHI
CAGO MARKETS YESTERDAY.
Slow Trades In Grain and Weakness
Followed Attempts to Unload
Provisions Were steady.

CHICAGO, Dec. Pit was holiday mar
ket in wheat to-day, the price of May keep
ing within less than cents range. Bears
had a tri1e the better of it. the close show
ing Ad4sc decline. December was weaker
and declined 1850 on the selling of about
100000 blu. Corn, oats and provisions were
dull but steady, and closed at prices I'M
changed to shade higher.
The opening in wheat was exceptionally
slow. May started shade higher, at $3.50
931Ac 1t declined lazily to 93c, recovered
again to $3.50 and for the greater part of the
morning kept within less than 1ac range,
with the tendency toward lower prices. This
was due not so much to the nature of the
news as to the extreme dullness. Liverpool
opened sd lower, but had recovered Hd of
this at the start, which was rather an en-
enlargement to buying and was apparently
the only reason for the slight opening adj
vance. There was some realizing right after
the opening, which resulted in the first
decline. but after that the market seemed
to be left to drift. Minneapolis and Duluth
receipts were exactly the same total as on
Wednesday of last week. The number of
carloads was 472, and for the corresponding
day of the year before the number was 375
cars. Chicago received by rail 326 cars. OF
the days rail receipts 222 cars were on con-
tract cargo Of NO. 1 Northern by lake,
amounting to l22, 800 blu, was inspected into
store and $4,000 bu and liz carloads No. /
Northern spring were transferred from I'M
licensed into regular elevators. BradstreeL's
reported an increase of 1853 600 bu in the
words visible of wheat and flour, all of it
east of the Rockies, in this country, the
stocks in and aftoat for EUROPE being I'M
changed. Some selling, strange to say, fol-
lowed that announcement The price of May
in the meantime had advanced to 931Ac but
dropped again to &c. The heavy export
pfc
to $4,000 bu IN wheat and tlOur caused a di-
version in favor of the bulls, but the Paris
and Antwerp markets sending lower quota
lions at the close turned sentiment here to
the bear side again, causing May to drop to
92S4c, and at the close it was bringing $3.50
SIC, or 14c decline for the day. December
was not traded in to any extent; perhaps
25OVvO bu would cover the entire amount
for for that month. 1t ranged in price from
99AC early down to $3.50 the latter being
its value at the close.
Corn was very inactive. There was some
early selling by elevator people, supposed
side of this and a little scattered Scaping
not much was doing. The heavy days clear
ances, 1883, 900 blu, had steadying influence.
unchanged at 29asG29hc.
GAS we're rather quiet, but steady. The
market was dull during the morning and
became active about noon. Elevator con-
Germs filled orders and commission houses
bought fairly well. The selling was scat
tered. Bradstreet's reports, showing a de-
crease of l,566 GO bu, were a faciU, May
ranged from 22a4c to 22laQ 225sc, anG closed a
shade higher at 225sM2z%c.
Provisions suffered a little carly In the
day from the big run of hogs. Offerings
were principally from the packers. A good
demand sprang up near the end of the ses-
sion, with some outside buying, and the de-
cline was recovered, the closing being strong
at about outside prices. Trade as a whole
was dull. At the close May pork was sc
higher, at $S.9213; May lard unchanged. at
81. I212 and May ribs 21ac higher at $45715
Estimated receipts for Thursday-W Wheat,
300 cars corn, 260 cars; oats, 300 cars; hogs,
43 900 head 81