The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-03-28


with a squirt today because of the energy
the temperature had Shown in going
down. and the result was an early gain
of 11sc for May. There was free selling
at the advance. however, and after
nervous unsettled session May closed &c
from the top, but with gain since Sat
urday of l cent. Corn and oats were
shade firmer in sympathy and made
gain of about &c each. Provisions ruled
dull but firm at somewhat higher than
Saturdays closing prices.
The severely cold weather told with
considerable effect upon the wheat mar
ket. All doubts about the growing wheat
having been jointed We're set at rest as
soon as the market opeEed. In fact
from the lively leaps that portion Of
which was exposed in the trading pit
took at the start the operators declared
it double jointed The effect of the
prevailing cold weather did not affect
all constitutions alike Some of the
shorts were rather inclined to make light
of it and refused to be frightened into
covering. Others, however. were thor
oughly alarmed and bid from 5S5sc to
soc for May, as compared with 577sc
sellers at the close of the market on Sat
urday 1t reacted to 5S%c and rose
again, reaching 59hc, all within the
first hour. Trade during the time re-
ferred to was active with orders from
outside, from quarters i'm the South and
Southwest where the wheat was pre-
stunned to be most seriously frost dam
aged. The actual extent of the injury
done to wheat, it was generally con-
Guided could not be definitely ascer-
tanned until future warm weather should
reveal it, In addition to the frost scare
the receipts were light. Chicago got
al cars, Minneapolis 26l and Duluth 10.
The receipts the corresponding day
last years at the same places were re-
spectively 2SS PAS bushels and IS cars. The
visible supply showed a smaller decrease
than the average of the previous guesses.
The decrease was |, 096.000 bushels, leaV-
ing -, 16S, 900 bushels still in the visible.
There was decrease on the correspond
ing week a year ago of $4,000 bushels.
1t was said that the amount of wheat
and flour on ocean passage tomorrow
would show an increase for the week Of
2,250. 900 bushels that and the imposSl-
bility of determining how much. if any,
damage. had been done to wheat by the
frost made the market rather inclined to
weaken in the last hour Of the session.
May sold off to 5S9sc, but rested at 5S4
G5S7sc There was no life i'm corn eX-
cept what was injected into it from the
wheat pit That was sufficient To add
&c to Saturdays closing value for mo-
ment at the opening. but that advance
could not be sustained. II dropped off
to about the previous trading days clos
ing price, but firmed up once more on
the moderate estimated receipts for to-
morrow and a decrease in the visible.
May opened at 3712c, sold off to SIC bid
and recovered again to 37I4c. closing at
371s GS7hc. Oats was in fair demand and
offerings were only small This, with
the fiTmness in wheat and corn, caused
higher prices i'm oats. May started 4c
up from the last quotations Saturday,
sold at 311sc and then. Influenced by the
increase of 202. 900 bushels shown in the
visible supply of oats, declined 30 30%4 a
307sc. It rallied again slightly, and when
the session ended 3O7sc was bid.
The provision market was dull but
maintained an undertone Of firmness,
closing with 71sc gain over Saturdays
closing price for May pork and lard and
&c higher for May ribs Lard was in
fiuenced TO some extent by the premium
of 20c sellers the month brought over
the May delivery. j. G. Steever was a
seller of pork to a moderate extent and
Sam Wolf was a buyer. Steady prices
q the yards and the strength in the
grain markets helped the price
Estimated receipts for tomorrow
Wheat. % cars; corn, 220 cars; oats, 1859
cars; hogs, q 900 head.