The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-09
DULL AND WEAK MARKET
FEATURE OF THE DAYS BUSINESS
In THE CHICAGO PITS.
Wheat Was Lower ON General Liqui-
dation-Oats and Corn Steady to
Lower-ProvisiOns Higher.

CHICAGO, Jan. S.-Wheat was dull and
weak to-day. depressed by large receipts,
a poor export demand and the increase In
Russian shipments, May closing sc under
Saturday. Corn closed a shade lower and
oats unchanged. Provisions at the close
were 21zG712c improved.
May wheat opened &c over Saturday at
6Ss4@6S7sc. 1t speedily developed that there
was little excuse for such bold front to
the market, for Liverpool was not overly
steady and the worlds shipments-perhaps
somewhat bullish at first glance-contained
a potent bear factor in the increase in
Russian shipments, against a decrease
from this country. Interest was divided be-
tween the pits and the Board of Trade
election, with the latter the more magnetic.
May sold off early to 6Sssc where 1t
steadied for a time on buying against puts.
The larger receipts and the poor export
demand, however, acted against this till
even that poor support was practically
withdrawn. Considerable long wheat was
thrown on the market, on the liquidation
which reigned throughout the session. May
sluInped through puts without effort and
touched 67s4c, closing in weak condition
sc under Saturday at oi7sQ6Sc. Receipts at
primary points were S2S623 bushels, COM
pared with $685. sSS last year. Minneapolis
and Duluth reported SOC cars, against 731
a year ago. Local receipts were 81 cars,
ten of contract grade. New York reported
loads taken for export. Atlantic and Gulf
port clearances, exclusive of Galveston,
were 900 bushels.
Corn was dull and rather easy, in sympa-
of he
vision market and the small country Of
| ferings tended to steady 1T. Speculatively,
| the market was small one. Local stocks
inSreased $4,000 bushels, and receipts to-
| day were 5S1 cars. May ranged from SO
| to 325sc, with the close a shade under Sat
| urday at3224 G327sc. The corn crowd, ap-
parently, was very much interested in the
election, as the pit was sparsely occupied
at the best, while at time business was at
standstill.
Oats were quiet and featureless and
| though the market at one time showed
| some easiness in sympathy with wheat,
| the close was steady. There was consider
| able outside selling. but offerings were
well taken. Shippers declared that bids
were trifie out of the way. Receipts here
| were go cars May ranged from 23%4q237sc
to 237sc, closing unchanged at 23%c.
| Provisions, in the face of large hog re-
| ceipts, were firm, the result Of q good out
side demand. particularly from the South.
| The demand from this section, presumably,
| arose from the advance In cotton. The in
| iuence of the hog receipts was felt some
| what at the opening, but the market
| quickly shook 1t off. There was little of
| the realizing which has been a feature of
| recent days and offerings from other sources
| were light. May pork ranged from $1,000 to
| s10.95, closing 715c over Saturday at $40 921s:
/ May lard from So 921ao1595 to $500, with the
| close at 5Q71sc up at 5000; May ribs from
$5.72lk to s5.77l9, closing 2kd5c improved
/ at IS. 7215.
| Estimated receipts tomorrow: Wheat, 80
| cars; corn, $50 cars; oats, 335 cars; hogs
| IS, 600 head.