The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-11
CLOSE WAS BARELY STEADY
Chicago ''Bulls" Decidedly Cautious and
Wheat More or Less Mercurial.
Hog Products Furnished Excitement, Starting
OF Above Fridays Prices, Declining and
Closing Near Bottom Figures.


Promise of Better Inspection In Corn and
Big Hog Receipts This Week.
CHICAGO. Jan. 9.--In response TO the
steadiness of the wheat market here. for
eign markets. as reported at the opening.
became steadisr in tone. The early trading
was done at not far from the prices at the
closing quotation of the preceding after
noon, and shade of Improvement quickly
succeeded. The opening for May was at
9Sls 693l9c, and good buying which lasted
for matter Of ten minutes, made the price
all of 9Slsc. In addition to the steadiness
abroad, receipts at primary points were
light. The severely cold weather was an
other bullish feature. for. although it
had been preceded by snow through
out Indiana and Illinois, reports
were that 1t had about all
blown off the fields into drifts along the
fences. Bradstreets weekly export figures
were also somewhat bullish. reporting
clearances from both coasts at 5,32l. 900
bushels. but modifying the fact by draw
ing attention to the comparative bulk of
this and last years visible supply. making
it 16, 600, 900 bushels more this year than last
and $1,000 bushels more than the CORE
spending day of 1890. Beerbohm quoted a
decline at Paris of from 10 to 20 confines In
-four and 20 to 80 confines in wheat. The
fact of Partridge and other influential op-
orators having covered so much Of their
short lines on the break of the
past two days made the bulls
cautious in their operations under the
apprehension of the possible selling again
by the operators referred to on any mater
ial advance. After the early strength
ceased there was a reaction to y2Bc, but at
and below 93c there appeared to be very
heavy buying orders, which made the stay
of the price below the former quotation
only momentary. Schwartz Dupee, Mitch
ell and Logan were the leading sellers.
Advices from Kansas City later said that
unfavorable reports of the growing crop
trying on the plant This caused little
more firmnsss, but the close was barely
steady at CSC, Q reduction of hc, compared
with yesterday.
Corn was quiet and easy, but the decline
was not important: the weakness in wheat
may have had some influence. The wealth.
er. too. sharp and frosty. gives promise of
better inspection. OF the 265 cars received
only six graded to contract. Cables were
tant futures. May opened unchanged at
Also, touched llsc, weakened and closed
at bottom fgures-41 lsc-a loss compared
with yesterday of lac.
Oats were quiet and easy in sympathy
with corn, closing from unchanged to "a o
lower.
On the Produce Exchange. to-day, the
butter market was unchanged. Eggs, $50
24c
Hog products carried over some of the
"bulP' enthusiasm of yesterday. The adj
vancing tendency of late has attracted out
side attention. and the result was that
brokers had o lot Of buying orders on hand
at the opening. Their execution put prices
ND some above tho closing figures of yes
terday. but the strength evaporated when
those had filled, chiefly on larger receipts
of hogs than expected. and tho fact that
$4,000 were estimated for Monday and ESQ.,
600 for next week. The close was at or
near the bottom prices of the day, and the
market easy and slightly lower than yes
terday. Estimated receipts for Monday
are: Wheat 1S3 cars; corn, 200 cars; oats,
40 cars: hogs, $1,000 head. The leading
futures ranged as follows: