The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-24
GRAIN MARKETS DULL
CHICAGO TRADERS OCCUPIED IN
SMALL sCALPING BUSINESS.
Cable News Mostly Indicated Improve
ment in Foreign Prices-PrO-
Visions Heavier.

CHICAGO, Jan. 22.-This was one of the
dullest days on Change in a week. Trade
in all markets was simply of a scalping
character Wheat closed 1sc higher for
May, but 1sc lower for July. Corn and
oats were little easier, but showed sub
stantially no change at the close. Provisions
closed unchanged to 212c lower.
Trade started brisk, at an advance for
May wheat of CSC and about as much in
July. Half an hour of moderately active
trading sufficed to bring the price back
again to yesterdays closing figures, and for
some time thereafter business almost
ceased. The Liverpool wheat quotations
were from 1sd to I'd higher. This and the
disposition by the Letter party to get rid
of all the calls offered yesterday afternoon
were the only features of the news which
even mildly interested spectators, and was
not enough to inject any activity into the
market The shipments of wheat and flour
from both coasts for the week were equal
to 900 blu, against 5,528,000 bu the pre-
vious week. The suggested small total from
all sources to Europe this week. much less
than the estimated requirements and addi-
tional bullishness on that account, it was
thought, might be depended on next week
in reports from European markets. Liver
pool Corn Trade reported continental stocks
of wheat and flour about II, 100000 blu less
than they were a year ago. Beerbohm es-
timated United Kingdom requirements Jan.
to April 80 at 100000 bu less than indi-
Gated supplies The same authority expects
the worlds shipments to Europe for the
week to show a total of 5,60OOO0 bu Chicago
receipts were forty-one cars. Minneapolis
and Duluth reported 1853 cars received
against 1893 the previous Saturday and 1176
the corresponding day of 1897. The primary
Western market receipts for the day were
1921 blu, against 1857 blu the similar day
of last year. The days Atlantic port
clearances were small at 10000 blu, wheat
and flour. Closing cables from Paris noted
from centimes to Is centimes improvement
and from Antwerp decline of 1872 confines
for one kind of wheat and unchanged for
the other. Heavy snow was reported fall
ing all over the exposed winter-Wheat coun-
try, and as this was the best thing posi-
BILE for the coming crop, it had depress-
part of the session. May, which had opened
at 92Ac, reacted to 917sc, then recovered to
921sc, but declined again to 91AQ917sc, and
at the close was bringing 92c. July opened
at S4asGS412c, declined to $3.50 and closed at
S4QS4isc.
Corn was practically at a standstill Only
the narrowest kind of d scalping trade was
done, and prices were confined to a bare
&c range. The feeling was easier, if any
tnlnS, on expectations or increased receipts
following the colder weather. May ranged
from 29c to 2S7sc and closed unchanged at
2S7sM29c.
All the little trading in oats was at one
price, 29a4c except few lots shortly be-
fore the close, which sold 1-16c lower. Cash
in the afternoon was equally dull The
market was inclined downward, but bust
ness. was too dull to admit of any material
decline. May closed a shade lower at 1880
23s4c
Market for provisions in tho main was
very dull. firm home market sus-
aned little prices reszng s and short short se ent
ing by traders playing for reaction after
the recent advance weakened the market
and prices generally tended downward. At
the close May pork was unchanged at SO. w
May lard 212c lower at $4.771a04.S0 and May
ribs unchanged at $4.80d4S21a
Estimated receipts for MOnday-Wheat
40 cars; corn, 455 cars; oats, 275 cars; hogs,
IS. 900 head.