The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-22
NO INTEREST IN WHEAT
DULL CHICAGO MARKET AND SLOW
DECLINE OF 3-SC IN JULY,
No Quotations from Liverpool ON Ac-
count of the JubiIee-ProVisions
Strong and Pork Higher.

CHICAGO June 21.-Trading was dull in
the grain and provision markets to-day.
especially so in wheat and this lack of in
terest was in a great part responsible for a
2sc decline in that staple. Corn declined
14G3sc and oats closed 1sQAc lower. Pro-
visions were mysteriously strong, closing
from unchanged to nc higher.
In wheat the market at the opening and
for a time after was weak, under the infu-
ence of the favorable weather and accounts
from the country, where cutting was in
progress, that the yield promised to be
heavy and quality good. Shows weekly
crop report estimated the combined yields
of Texas Oklahoma and Kansas at 70 O00, 900
bushels, against 7,483,0 900 bushels produced
the year before. July wheat, which closed
Saturday at $3.50 started this morning at
6S12c and fell off to 6SAc in the course of
fifteen minutes trading. There were no
regular quotations from Liverpool on ac-
count of the Queens jubilee, but curb prices
there were quiet and unchanged. The
worlds shipments of wheat and -four to
Europe last week were 5,139,OOO bushels,
which was contributed follows: United
States, 2547 900 bushels Russia, 2,S76,0OO
bushels; Danubian countries, $4,000 bushels.
The total worlds shipments in the pre-
vious week were 5,3220OO bushels. The
quantity on ocean passage decreased l. 40,
600 bushels. The domestic visible supply
statement showed a decrease of 2013, 900
| bushels, against a decrease for the similar
week the year before of 667 900 bushels. The
| quantity now in sight is 20673,000 bushels,
| against 4SS19,000 bushels year ago.
Predictions were made Of flye million
| ket gradually recovered to 6812Q6S3sc under
the influence of the bullish statistics, but
| this marked the limit of the strength, and
| from there prices slid off to the close. The
! board to-day voted on the proposed rule to
| prevent proprietors or managers of regular
| elevators dealing in grain stored in their
| own elevators or storing mixed or cleaned
| wheat in them, the penalty being that the
| houses violating the rules shall be declared
| irregular. The interest taken in this de-
I tracted greatly from trading. The result
| of the voting was a decisive defeat for the
proposed amendment. chicago received SIX
| carloads and Minneapolis and Duluth to-
| gether 314, compared with 293 last Monday
and $50 year ago Exports from the At
| lantic seaboard were equal to 300 900 bush
| els. The price of July worked down finally
| to 677sc, and was bringing 67BQ6Sc at the
! close.
| more aggressive than the bulls. There was
| some tirmnesS around the opening, on the
| cool weather, but predictions Of warmer
weather tomorrow and the weakness of
| wheat caused offerings to become free as
| the session progressed. The visible increased
| TAI, 900 bushels Local receipts were 437 cars
July opened a Shade lower, at Csc, sold at
251$c and declined to 245sQ244c closing at
| 24$4c, sellers.
There was a fairly active session in oats.
Elevator people sold quite freely, and
| caused a slight decline in prices. The
| weather was considered most favorable for
! the crop. The visible decreased 5000 BUSH
| els Receipts were POI cars. July opened a
! shade lower, at 1880, sold at 1S1s@1SAc and
| declined to $780, where it closed.
Provisions strong, in spite of the
large hog receipts. Commission houses
were good buyers of pork and lard. Every
| one reported an exceptionally large cash
| demand. At the close July pork was 713c
| higher, at $7.371a; July lard &c higher at
| $3.50, and July ribs unchanged at $4.3215
| Estimated receipts for Tuesday-Wheat s
| cars; corn 800 cars; oats, 410 cars; hogs
! q, 600 head.
| 90 diner f,,t,,ro,. rnr,roa nr fo11or.r.