The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-10-28
A SMALL EXPORT TRADE
EARLY SHOW OF STRENGTH IN
WHEAT WAS DIssIPATED LATER.
Corn Advanced ON Crop Damage News
and Then Lost Most of the Gain
-Provisions Weaker.

CHICAGO. Oct. 27.-Disappointngly small
port trade dissipated any early show of strength
in wheat. December left off at Sake decline.
Corn advanced &c. Oats are unchanged. Pork
closed 712c lower. lard sc and ribs 21s05c
Wheat started tame and during the early part
of the day had nothing stir it into more than
moderate activity. However. the frmness of the
cash markets in the Northwest and recovery at
Liverpool resulting in Ad advance for the day
imbued the crowd here with desire for the buy
ing side. They accordingly pursued a bull policy
during the forenoon. but in conservative way.
taking moderate quantities on the soft spot. Eng
lish consols opened 5-16 higher and made a further
lie advance retaining all of it at the close This
peaceful indication about balanced smaller domes-
tic receipts and the closing frmness of the Liver
pool market. 1t rumored that fifty loads of
wheat had been taken at New York for Europe.
Broomhall cabled that the Danubian countries
had not secured the good wheat crop credited to
them earlier in the season, saying it was
acknowledged to be 20 per cent. below average.
Chicago receipts 300 cars. against 1S5 expect
ed, and Minneapolis and Duluth reported 7sO
compared with S37 the same day last week and
9S9 year ago. Primary Western receipts
2SS coo blu, against 1151 900 the corresponding day
of last year. Clearances from the principal At
lantic ports equal in wheat and flour to
665, 900 bu. Paris reported a decline in flour of
from 10 to so confines. The bulls weakened
the emu ana pears persisted IN selling on all hard
spots. New York kilograms did not come in near
the close they have been doing of late, with
claims of immense export business. but
ported only the fifty loads rumored earlier in the
day. All that was capable of being confirmed was
twenty-five boatloads. seventeen of which were
for Spain December opened &c lower at $3.50
&c. sellers, declined $3.50. rallied 671s@679sc,
then dropped back the end to 664c and
closed at that point.
Light receipts and continued complaints of the
poor condition resulting from the recent damp
weather strengthened corn. Strong Liverpool
cables were also a factor and the foreign demand
for corn. S reported from the seaboard,
urgent. The large interests favored the buying
side and prices show ed good advance the greater
part of the day. The weak closing to the wheat
market, however, caused weakness in corn and
the advance nearly all lost Receipts
294 December opened &c higher at 22'4t6
32asc, declined to S21sc, to 325sQ323ac. then
weakened to S23sQ321ac. buyers at the close.
Oats were quiet prices being sustained by the
strength in corn and good cash demaui. Re-
ceipts 1s5 May began shade lower
at 242sc. declined to 24A024ssc, sold up to 24i4Q
24Ssc, then reacted to 24asd24ac at the close.
The heavy of hogs depressing feature
in provisions and than balanced the
cellence of the demand for meats. The market
ruled dull throughout and the tendency IF prices
again slightly downward. January pork
opened &c lower at $9.O7Iz. advanced to 500 ana
declined to $780, sellers, the closing figure. The
fluctuations in lard and ribs narrow
Estimated receipts to-morrow-Wheat, 500 cars;
corn, 240 cars; oats, 156 cars; hogs, 5000.
Leading futures ranged as follows: