The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-05
SMALL WHEAT DECLINE
EXTREME DULLNEss IN THE MAR
KEr, WITH HEAVY SHIPMENTS.
The Record of CIearances for For
eign Ports Broken Last Week-PrO-
visions Weaker and Lower.

CHICAGO, Dec 3.-Extreme dullness Of
trade again initiated against wheat prices
to-day and although the weeks clearances
were the largest on record. closing prices
show Ac decline from yesterday. Corn
shows no change. Oats declined 1sqAc. Pro-
visions closed 21Aq71zc lower.
Considering that Liverpool showed closing
declines of 12q5sd and Northwest receipts
gave no signs of falling off, the opening
in wheat was stronger than might have
been expected. May started off only a shade
under yesterdays closing price at 66SsQ661ac
and after few minutes hesitation adj
vanced under a very little buying to 669sc
For about an hour trading was moderate in
volume, but scattered and confined mostly
to room traders, commission houses having
almost no outside orders either way. The
weeks clearances of wheat and flour from
this country broke all previous records,
amounting to 7,4S3 coo bushels, but even this
fact failed to stimulate trading to any APP
preciable extent, and before IL o'clock the
market began to suffer from the lack of in
terest and prices slowly declined. Minneap-
oils and Duluth reported receipts of 1432
cars compared with 400 last week and $50
year ago. Chicago receipts were 139 cars,
IL of contract grade. Total primary receipts
were 1623,000 bushels. This was 100000
bushels over the same day last year. Gables
noted a continual increase in the stocks at
Russian ports, Atlantic port clearings for
the day were not so heavy as of late, but
were sufficient to prevent any sharp break
from lack of support. They amounted to
Cos, 900 bushels. An increase of about 10000
in the visible supply was looked for. Short
ly before the close May touched 669sc. This
was about put price and some buying to
protect privileges gave little better tone
to the last few minutes of trading, the mar
ket closing fairly steady at 6612c.
There was a good trade in corn and the
market for most of the session was quite
firm, December particularly. The chief bull
influence was apparently the heavy ship
ments. Clearances were fair and shipping
demand good. A heavy decrease in stocks
here next week was looked for. The mar
ket eased off late in the day on colder
weather West and prospects for a freer
country movement. Receipts were 404 cars.
May ranged from S4ssc to 34asc and closed
unchanged at 343sc
The market for oats was rather weak
| throughout. Warehouse men and the cOun-
try offered literally and the demand was
! poor, prices suffering somewhat in conse-
quence. Sympathy with wheat was an in
| huence. The range was narrow. Receipts
We're 324 cars. May ranged from 212c to 2694c
| and closed 1kQAc lower at 26c.
| The continued heavy receipts of hogs af-
| fected provisions and the market showed
weakness for the first time this week. Pack
ers sold literally, the support coming most
| ly from the outside. Prices tended slowly
| downward and closed about the bottom.
January PORK was TIC lower at $J.17la; jan
uary lard 213Q5c lower at $50 and Janu-
| airy ribs sc lower at $3.50.
Estimated receipts for Monday-Wheat,
100 cars; corn, $40; oats, $50; hogs, $1,000
head.
| Leading futures ranged as follows: