The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-26
THE MARKET NEGLECTED
ONE OF THE DULLEST DAYS IN
YEARS ON THE BOARD OF TR
Chicago wheat Went On 1-2c In Face
of Several Items of Bull News
Other Markets Weaker.

CHICAGO. March 25.-This came near to
being the duliest day on record on Change.
Bears made what capital they could out
of the lack of foreign demand. and the ex-
treme dullness of trade resulted i'm a I2c
decline i'm wheat. Corn and oats closed a
shade lower. Provisions closed unchanged
TO 2l2c lower.
Liverpool and Berlin sent lower quota
tions for wheat at the opening and the
weather here was favorable for the grow
ing crop. Northwestern receipts We're fair
~ liberal, and there was no fiutter in the
political wild beast show in Europe. Under
such a combination an easier tone in wheat
at the opening was to be expected. May.
which closed at 72zsa73c on the day before.
opened with plenty of sellers at 1874 and
some at 723sc. 1t soon became rumored that
10000 bushels had been sold yesterday in
Duluth for export at opening of naviga-
ton, and that helped to arrest the DOWN
ward tendency. The prevalence of crop
damage reports was, however, a large ele-
ment i'm the bullish factors, which turned
sentiment a little in favor of confidence in
present prices. The Price Current came out
with more boldness in its view of the crop
situation, calling the reports from Illinois
more gloomy, and gave also considerable
NOti III IllOldlld anu A1ISSOuTl. pOInt-
what more active demand for wheat to go
to interior millers helped to confirm the
better impression regarding the stability OF
present prices, and the price gradually re-
hours trading. After that rally. however,
prices gradually sagged again. Trade
was very dull, duller in fact than any of
the dull days of late, and though, as can
be seen, the news had a bullish tendency,
not sufficient demand existed to even hold
prices level. Minneapolis and Duluth re-
ceipts were 33 cars, against 2U5 "A week ago.
and 416 the corresponding day of last year.
Chicago receipts were eight cars, against
fifteen the similar day of the year before.
C~learances from the principal Atlantic
ports of wheat and -four were again very
light, the total equaling $4,000 bushels.
Closing cables reported rne Liverpool de-
cline for the day I'D per Genital and Berlin
Is mark lower. With no substantial i'm
prOvement in export demand or appearance
OF probable change in that respect in the
near future, wheat sagged TO 72l2072%sc, and
was selling at 122sQ'2$4c at the close.
out the whole session, the limit OF the
fluctuations being. lsc. The dullness of
trade and the weakness of wheat neutral
lzed the effect of light receipts and large
export clearances, which to-day amounted
TO so4 200 bushels, and kept prices a shade
shade lower, at 24I2n245sc. sold at 2fhc. and
closed steady at the opening price.
Oats experienced another dull session, in
as yesterday. Local longs showed some
disposition to sell early in the day. but il
aid not influence prices to any degree. Sea-
board clearances were 169. 900 bushels. May
opened unchanged. at 17hQ17Ac, sold at
lfnlI1sc. and closed at 171sc.
PROVISIONS held firm at some advance dur
ing the greater part of the session, in
iuenced by another small run of hogs. In
the last fifteen minutes. however. the pack
ers made a drive at the market and fairly
knOcke1 II off its pins. all the early adj
vance being lost. At the close May pork
was 21Hc lower, at $50; May lard un-
changed. at A.25, and May ribs unchanged.
at $4.67I&.
receipts for Friday: Wheat,
10 cars; corn. 40; oats. 10; hogs. JIG. 900 head.
Leading futures ranged as follows: