The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-14
THE INDIANAPOLIS JOURNAL, THURSDAY, JANUARY IA. 1886.

ing in the aggregate probably the largest wit
messed in many months. There was a systematic
raid by the. bears" who began selling wheat on
the curn before trading hours, and in such large
quantities that the market opened / cent lower,
at S5tc for May, with some trading at S55c, fol-
lowed by a reaction to 85sc, but followed quickly
by another drop to 84sc, which proved the inside
figures for the day. As the market began
to decline the bears rode down with
it, offering tremendous lots, while 'slong,"
traders were endeavorinc. at the same time, to
get rid of wheat on which margins had become
exhausted. The confidence of the bear crowd
In lower prices appeared to be unlimited, and
several of the recognized leaders were in the pit
IN person. encouraging their following by openly
Offering large lots. For a while it appeared that
the cereal had lost all it's friends, but toward
noon more outside buying orders came in. and
with these and the statement of a better export
demand at the seaboard, prices rallied a tri1e,
and the market closed for the day at 85A q S54c.
The receipts continue very light, with a little
better shipping demand. The other markets
sympathized with wheat. and all closed some
what lower.
Flour easier; Southern winter wheat -four.
"a 80; Wisconsin, $40445; Michigan. 81 80
"a 10; soft spring wheat, So 1904; Minnesota
BAKERS, S350O4; patents, 81 70 al SO; low
grades. s2@a. Rye -four, $3.50 8. go. Buck
wheat flour, $405.
Wheat opened lie lower, rallied &c, declined lie,
rallied &c. declined &c. fuctuated and closed 1sc
under yesterday. The sales ranged: January,
7Ss 1899, closing at 794c; February, 49, % 79sc,
closing at 79s n 79ac; March, 79s 080sc, closing
at 79s soc; May. 84s 065s; No. 2 spring, 794c;
No. 3 spring. nominal.
Corn-Receipts light, but a freer movement is
anticipated. Prices declined &c, closing steady.
Cash, 36c; January. 36s a 364c; February. 36s
36gc, Closing at 364c; May. 39a 039sc, closingsat
5000.
Oats easier; cash 284c; January, 2s4 02ssc,
closing at 2S1c; February, 28s 02844c, closing at
285c; May, 3150314c. closing at 3l4c. Rye was
dull; No. 2, 58c. Barley was dull; No.. 2, GO 065c.
Flaxseed was steady; No. 1. $1.121.
Mess pork declined 10 l23c early. rallied So
73c, and closed steady; cash, $40. 20 q 10. 25;
January, $40. 22a 10. 20; February, $40. liza
10. 27aa, closing at $40. 22a a 10. %; March, $40 900
1872, closing at $40. 32a q 10. 35; May, $10.47a0
l957ts, closing at $10.52 a 10: So: Lard declined
.02a 0oc early, but rallied. closing steady; cash,
900 6O7ac; January, Cos 06 07ac; February.
6 % 06. 07ac; March. 6.1006 12ac; May, 6.2210
6.25c. Boxed meats steady; dry sailed shoulders,
3.T 03. 95c; short-rib sides, 5.071 05. 10c; short
clear sides, $40 3. 45c.
Whisky steady at 81. 16.
Sugar unchanged.
Butter and eggs unchanged.
On the afternoon board wheat was steady and
unchanged, closing at $50 0854c for May. The
other markets closed unchanged.
Receipts-Flour, 1000 brls; wheat, 5000 blu;
corn, $4,000 blu; oats, SO. 1000 bu; rye, 1000
bu; barley, 30, 900 bu. Shipments-Flour, 5000
brls; wheat, 5000 bu: corn. 49. 600 blu; oats,
$1,000 blu; rye, none; barley. 49, 900 bu.