The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-11-09
WEAKNESS In LIVERPOOL
REsPoNsIBLE FOR 4 SHARP DECLINE
IN CHICAGO GRAINS.
pomc.tic Conditions Also Conduced to
the sIump-January Ribs the Only
Product Showing Strength.

CHICAGO. Nov. 6.-Liverpool's weakness
was the chief factor in the grain markets
TODAY. Wheat closed 1c and corn ssa1kc
lower. Oats sympathetically lost 4c Provi-
sions were heavily sold January pork
closed 5G71ac lower. January lard a shade
under and January ribs 212c higher
The loss in Liverpool worked potently on
the price of wheat at the opening The in
itial price was under puts, at loss from
Yesterday Of 12G5sc, with December at 6Ns
06Sssc and May at 7219d 72ssc. At these fig
ures there was some buying by shorts and
against holders of puts. which resulted in a
rally of &c. This failed to hold. The fact
that there was almost no outside demand
acted as a bearish influence and there was
a rush to dispose of long stocks on the
bulge. The price declined December to
6sssG6S1sc and May to 72ssd72lsc. At this
point there was a rally caused by a deter
mined effort to protect the public, which
sent the December option to 6S5sc and the
May to 72lad723sc. These figures acted
merely as a bait to holders and the price
eased off on profit-taking to 6Slsc for De-
cember and 721sc for May. The close was
weak. December at eS1sdssAc and May at
72lsc At no time did the price get above
bushels in worlds stock since Oct. 1 had
much to do with the closing weakness.
Northwest receipts were as cars, as COM
pared with 1854 last year and $50 last week.
Receipts at primary points were $685. goo bu,
including yesterdays receipts, incompletely
reported on account of elections. Primary
receipts were 100000 bushels, against 1913,
600 a year ago. Receipts here were eighty
five cars. seven Of contract grade. Export
clearances at the seaboard. exclusive of yes
terday's. were equal, in wheat and flour, to
$4,000 bushels: Bradstreet reported a de-
crease OF /, 453 coo bushels. New York re-
ported twenty-five loads for export.
Corn showed little strength following
wheat on the Liverpool weakness Local
receipts were small hut the country ac-
ceptances We're reported to be Increasing.
Trading was moderately active The open
ing was at loss of 1sqAc from yesterday.
ton and was at its weakest at the close.
December opened at 3rsaHl2c, ranged at
Sl1sQa5sc and closed asa12c lower at Sl1sQ
321s a 27sc and closed at 32I2c. Receipts were
small only Isl cars. Seaboard clearanceS
Were $4,000 bushels.
Sympathy with corn and some liberal sell
ing by shorts caused decline of &c in
oats The trade was fairly good, but no
transactions of Importance. were reported.
The cash demand was slow, both locally and
at the seaboard. December oats opened at
221zQ2 23sc. sold at 22;s623Bc and closed at
22ssq22l2c. Receipts here were 151 cars.
Irregularity marked the trade in provi-
and this was followed by an advance.
chiefly in pork, which went up nc. caused
by investment buying and liberal shipping
orders. The market turned weak later on
free selling of pork and lard January pork
closed 5M11sc under yesterday at S9.70 JAN
mary I lard "a shade under at $525 and jan
Estimated receipts to-morrow-Wheat. SO
cars; corn, 200 cars; oats, 10 cars; hogs,
5000.
Too ling f,,,,,ros roaco5 -. so,ro--.