The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-01-29

Wheat, Corn and Provisions Higher at the
Close-Oats Unchanged.
CHICAGO. Jan. 2S. Foreign cables
quoted Liverpool as only steady at I'D de-
cline in the price Of wheat futures. but
there was q change. Notwithstanding tho
temper of the local crowd. 90 evidenced by
the starting price for May. being an i'm
provement of lsc over yesterdays closing
quotations. There were free sellers for a
second at 957sc. but there were buy ere also
at that prce. and as the latter proved to be
the most persistent and numerous. the
price advanced In about two min
utes to 96l4c. Pardridg e's conversion
TO the "bulfv side was also q source
of JOY to the bulls and took the form
OF a brisk demand for May wheat at around
s6Q964c. After holding a short time at
about those figures the price gradually
worked upward until 967sc was finally paid
about an hour after the opening. Various
items of news. which had in the meantime
come To hand. received for the most part a
bullish Interpretation and made the rallies
which succeeded each downturn of the
fluctuations, during the forenoon, easy of
accomplishments. The dry weather pre-
vailing In California was an early factor
In the market. The export clearances
of wheat from New York were lib
eral. amounting to 164. 600 bu. and -four
shipments were fair. The foreign bids on
hOul nOLCl W lIhNO Otcu ADVANCED
Sd. March wheat in New YORK was quoted
as selling at 2l2c over May. A heavy biz
yard, with snow accompanying II, reported
from the West, had changed into a rain
storm. Bradssreets TINA of the changes
IN the visible supply east of the Rocky
mountains since the previous report gave
100000 bushels decrease. The movement
OF wheat into and out of the principal mar
kets of the country during the first three
days OF the present week gives indications
of q decrease in the official visible supply
this week Of between 900. 600 bushels and
100000 bushels if the same ratio of re-
ceipts and shipments is maintained for the
remainder of the week. Partridge
was q heavy buyer of wheat on
the soft spots aud a seller around
Ss4QS67sc, but apparently bought more
than he sold. The prices were fairly well
maintained around the upper register of
the range, fluctuating. for the most part.
between &l2c and 96osQ9634c. The corn
market was affected by the small propor-
tiop or the contract quality in the present
DAILY receipts and the probability that
OWING TO the damp weather reported from
throughout the country q continuance of
that state of affairs was extremely proba-
BILE. The shorts" became nervous and
bought with considerable freedom, and the
buliish direction TO to-day's course of
prices MAS impaired immediately ct the
start. There was one sale reported
ct the opening at Sligo for Nav.
and il was the only one at that zig.
Was $50 at the time referred to.
with speedy up-turn TO 52ac. The ton
price OF the day was 52i2a525sc. There was
less than lie range in the price of Nav Data
The trading was light and all on local ac-
count. The estimates of the hog receipts-
Is reported from the stockyards in the
Observation-Disclosures the crowd to ex-
pect a decline in the speculative articles of
provisions, bat the shorts were in wait
for sueh an opportunity TO cover their sales
and the reaction was the principal feature
Of to-day's market The lowest prices were