The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-10

Chicago ''Bulls" Decidedly Cautious and
Wheat More or Less Mercurial.
Hog Products Furnished Excitement, Starting
Off Above Fridays Prices, Declining and
Closing Near Bottom Figures
| Promise Of Better Inspection I'm Corn and
Big Hog Receipts This Week.

Promise Of Better Inspection I'm Corn and
Big Hog Receipts This Week.
CHICAGO. Jan. 9.-In response TO the
steadiness of the wheat market here. for
eign markets, az reported at the opening.
became steadier in tone. The early trading
was done at not far from the prices at the
closing quotation of the preceding after
noon, and q shade of improvement quickly
succeeded. The opening for May was at
93ls d93lac, and good buying, which lasted
for matter of ten minutes. made the price
all of 93l9c. 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 it had about all
blown off the fields into drifts along the
fences. Bradstreet's weekly export figures
were also somewhat bullish. reporting
clearances from both coasts at 5,S2l. 600
bushels. but modifying the fact by draw
ing attention to the comparative bulk OF
this and last years visible supply. making
it 16, 600. 600 bushels more this year than last
and $1,000 bushels more than the CORE
spending day Of 1890. Beerbohm quoted
decline at Paris of from 10 to 20 confines In
-four and 20 to 30 confines in wheat. The
fact of Partridge and other influential OPP
orators having covered so much Of their
s'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
4
ial advance. After the early strength
ceased there was q reaction to $3.50, but at
and below $50 there appeared TO be very
heavy buying orders, which made the stay
of the price below the former quotation
only momentary. Schw artz- Dupee, Mitch
ell and Logan were the leading sellers.
Advices from Kansas City later said that
unfavorable reports OF the growing crop
were coming in. the weather having been
trying on the plant. This caused q little
more tirmness, but the close was barely
steady at $50, q reduction of kc, compared
Corn was quiet and easy, but the decline
was not important: the weakness In wheat
may have had some influence. The wealth,
better inspection. Of the 265 cars received
only six graded to contract. Cables were
steady for SPOT and the near. weak on dis
tant futures. May opened unchanged at
Also, touched 41l9c, weakened and closed
with yesterday of Ac.
Oats were quiet and easy in sympathy
with corn, closing from unchanged to l4c
lower
On the Produce Exchange. to-day, the
butter market was unchanged. Eggs, 230
2c.
Hog products carried over some of the
"bull' enthusiasm of yesterday. The adj
vancing tendency of late has attracted out
side attention. and the result was that
brokers had lot of buying orders on hand
at the opening Their execution put prices
up some above the closing figures of yes
terday, but the strength evaporated when
these had filled. chiefly on larger receipts
of hogs than expected. and the fact that
so 600 were estimated for Monday and $780,
OOO 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. 1873 cars; corn, 200 cars; oats.
40 cars: hogs $4,000 head. Tho Leading
futures ranged as follows: