The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-03-11
PRODUCE MARKETS.

CHICAGO. March 9.-The visible supply OF
grain. as reported for the board Of trade Is az
follows. Wheat. 22.79l.OO0, decrease. $4,000;
corn. 2,5S70O0, decrease 10000; oats, 2,7G4,000.
decrease. 5000; rye. 1913 600. decrease, 600;
barley, 2,O53.O01, decrease. SSl 600. Shorts IN
wheat surrendered as gracefully a. they could.
Before the day was over u was generally con-
coded that CudGhy rs well as host OF bears Of
lesser note had decided not TO remain short
over tomorrow, when the fral government re-
povt OF the weight Of last years crop is due.
The opening was strong. excited and &c higher
than the closing price OF Saturday. There was
sharp little reaction from the opening be-
cause OF the enormous receipts (5S2 cars at
Dulth and Minneapolis and the $4,000 bu. at
~. Louis. IL was on this break that Cudany's
brokers' BEGAN TO buy wheat About this time
also there was a heavy buying by Durn,
Geddes. Hately and Baker. which wss pre-
sumed 10 be for foreign account. This set the
trade wild. the May future. which started at
slOlsS and which sold at Si.0l1S and of TO
Sl.OO5s, advanced 10 St023s. Inc realizing
sales carried It OF 10 Sl.0l5sgl.0lA but the
demand at this figure good. After fuctu-
atlng nervOusly around SlO2 for some time,
the market lifted 20 $f.02ls. This rise was due
to the official closing quotations from berlin,
Paris, Antwerp, London ami Liverpool
All OF these markets were much higher
When it was known that 5000
bushels were engaged at Boston and
AUIiU DuSueiH nj New 1Ork Tor export, the
price here. which had sagged to $l.O2%. lifted
TO Sl.O25s. Taken altogether, the market was
an exceedingly wild and nervous one. The
price fluctuations were radical and FREQUENT
that IL was difficult matter at all times for
brokers 10 fill orders. London correspondents
said: The outlook for the English wheat
crop is good, but in the northern and western
departments of France and through most OF
Spain, the young plant is killed. liz Is
estimated that at least one-third Of
the I7,000000 acres in France have
been affected, and present condition
indicates loss of one-eighth OF the whole
French crop. a vast amount of resolving
will have TO be DONE hut this will only ne OF
use under exceptionally and uniformly fGvora-
BILE conditions. The chamber of deputies has
voted 20 remit six million francs OF the land
tax on account OF this disaster. The opening
of the corn market At about the some
price 1t closed on Saturday, at from $3.50
10 5SI6c for May aud 565sc for July. The re-
ceipts we're liberal. amounting TO AZ cars, but
only three carloads were up to the standard
o. the contract grade. 1t was expected that
tomorrow receipts would be much heavier
estimated at $50 cars that was
rather disappointment TO those
who had sold short and gave the longs another
opportunity of showing how completely the
present condition of affairs has put sellers at
their mercy. July corn was in especially good
equally clamored for toward the close. Sellers
could scarcely be found at times when the
houIes associated in the minds of the local
traders with the bull deal were bidding up the
market. May advanced toward the close to
6l%cand closed at Glc.July sold aShigh as 59l8c,
sparngly at the extreme aud closed at 59c.
The trade in oats was all of n scalping
nature. The market was firm and
active, scornng an advance OF lie on the
strength in corn and good buying by the shorts,
who are still !airly numerous.
The provision market very dull and for
a long time showed very little affinity with the
bulls in the grain pits. Prices in the end adj
vEuced Little. but from the appearance of the
pit, the better prices were submitted TO under
protest from the trade, which was weighed
down with the continued heavy receipts of
hogs. The estimates OF 5000 at the yards
this morning and 10000 expected tomorrow
moro than bore out Saturdays predictions.
The leading futures ranged as follows;