The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-01-14
PRODUCE MARKETS.

NEW YORK, Jan. I2.-Flour-Reosipts, "a
0O3 packages; exports, 1888 brls. 2,49S sacks;
heavy, moderately active; sales. 1880 brls.
Wheat-Receipts, $500; exports, 1885; sales,
$4,000 futures, l27 1000 spot; spot market
unsettled, with options fairly active; No. 2
red. S1.O4; elevator, Sl.O55s @ L.O6A atioat:
s1.O4ZGI.O6A f. o. b.; No. 8 red. 99Lc@Sl.0O
uugraded red. S1.OI@1.O614; No. l northern,
s1OSL; No. l hard, S1.131s; options at the
opening advanced %@19c, but shortly the re-
ports from the West represented marked bear
ishness and declining prices, here prices broke
I@5Gl1Sc and closed heavy with general reallz-
ing; No. 2 red, jan, sl.OS4@l.031s; clos
ing S1.O334; Feb. s1.04L@l.0414; closing
SlO41s; March, $I.04%@1.O5; closing Sl.045s;
May. S1.04@1.O58. c .Osing sl.041s; June, Sl.024
G1.033. closing Sl.02H july 9S5s0$l CO.'S, clos
ne 9S7sc; AUGUST, eo9s997Ac, closing 965c;
Dec, 9SZAS1.OOZ closing 9SAc. Rye-Steady;
quiet; western, 779S0c. Stocks OF grain store
and aaost, Jan. 10: Wheat, 2,239,S5l, corn 655.-
OIL, oats, 1,615,47s, rye, 26.25S. malt. 225.OS5;
fair demand. Barley malt-Weak; quiet.
Corn-Receipts, $500; exports, LAO; sales,
$4,000; futures, $1,000, spot; spot market, ir-
regular; dull; closing weaker; No. :, 592s96Oc;
elevator, 60AG61c afoat; ungraded mixed 55A
@6115; steamer mixed, 593@6OA; options.
advanced 3 but reacted on the weak
ness in wheat and sold of at IL,
closing easy and more active; jan, 59Z@59Ac,
closing 5911c; Feb, 59AQ60%c. closing $3.50;
May, 59A@60Ac, closing SEQ. Oats-Re-
ceipts, $4,000; exports, 1000; sales, $4,000 fu-
lures; $4,000 spot; spot moderately active;
unsettled; lower; options weak; quiet; JAM.
52e; Feb, sc; May, 52952Ac, closing SIC; spot
No. ,, white, 52A@5211c; mixed western, 40
62Ac. Hay-Wesk; quiet. Hops-Quier; firm.
Co1ee-Optious opened steady unchanged
20 10 points up, closing steady 10 to Is ~;
sales, 28.5O0 bags including JAM, 645Cg
16.5Oc; Feb, 16.O5916.1Oc; March, 15.75@
15.S0c; May, 153O915.40c; July, 1405G
fair; cargoes, 19c; No. q 17Hc. Sugar
Raw quiet; firm, sales 2,4OO bags; csntrl-
fugals 90 test at SC & {. refined quiet; white
extra c, 5 7-l695Hc. Molasses-Neu Orleans,
steady, fair demand. Eggs-Dull, weak;
western. 251SG26c; receipts, 4,O40 packages.
POrk-Quiet, unchanged. Cut Meats-GOOd
demand, strong; middles, weak, dull; short
clear, 1915. Lard-Depressed, more active;
western steam. $6.15 bid; So es. 900 tierces at
S6.15G620. Opions-Ssles 1850 tierces. JAM.
$6.l5d6I7, closing 1915 bid; Feb, $500, Cos
ing S6.19 bid; March. S6.3l@636. closing $3.50
bid; April S6.4I; May, S6.5OQ655. closing 1919
Butter-Quiet; fresh creamery, lie; western
dairy, 1IG20c; do creamery, l9G2Sc; do fac
tory. 9G22c: Elgin. 29c. Cheese-Stronger,
moderate demand; light skins, 4h@6Ac;
Ohio fats. $3.50.
Pig Iron-NOminal. .C~opper-Dull; lake.
Jan, sl4.60. Lead-Firm; domestic, S452}&.
1lu-Qu4c-f btcdug sbIhiNot G-O.LOs
CHICAGO. Jan. 12.-The vheatt market
opened very strong compared with the weak
ness displayed at the close of Saturdays SEES
sion. In the meantime the government crop re-
port mad been received. making the total of the
wheat harvested in 1890, 399, 600 900 measured
bushels. The first sales Of May wheat were
made at csc. as against 9oN@96Jsc on Satur-
day. The foreign markets were firm and that
with the crop report referred to, was the reason
for the advance at the opening. The bears
TaEa in nnaCaaGVnn n ~ UAEa
written so plain that no urgency was
needed to make their impress felt upon
the market already under the control
of besrish sentiment. The price Of May
wheat touched a figure only &c above
the lowest point if reached during the crisis of
the late monetary striugency. 1t sold at one
time today at 96Lsc, or 2 cents " than the
highest. at which sales had been made near
the opening. The news was more bulaish than
bearish but as already stated that which affected
the more immediate conditions of supply and
demand was in favor of the sellers. The Wis
ible supply showed a decrease during the past
week of 335,O7l bushels against 576.O54 bushels
year ago. Aside from the foregoing the news
was mainly capable of q bullish Interpretation
Silver was active and much higher in New
York; stocks were likewise on the boom but q
failure on the New York stock exchange
which was caused by the bears was an added
reason for q decline in wheat. The European
news by cable and mail was In favor of
6rmness but these were apparentiy-in
the absence of any considerable buying
orders IRON thence-other exporting
countries willing to supply the importing com.
munitIes on more favorable terms than could
be obtained from the grain holders of this
country. A few loads only were reported as
having been worked at New York The market
closed at the weakest point The corn crowd
we're evidently impressed with q belief in
the government figures being an argument for
higher prices to judge from the starting fig
ures. the May deliveries opening at from 53x
to 53Ae, against 5Szsc at the close on saiur
day. The opening prices could be OBJ
tanned at any other time during the day,
The fluctuations followed the course of the
wheat market, and closing transactions we're
near the lowest prices Of the session. May de-
clined 70 52Lc. The longs sold oats. and IS
they were numerous there was a reaction that
carried the market down 10 Acc for May.
Swartz-Dupee and Counselman led the selling.