The Indianapolis journal., 1894-03-26
NO C0LD-WAVE SCARE
Report of a Decided Fall in Mer-
curry Had Little Effect.
General Tone of the Chicago Market
Tended Downward. Though Wheat
Closed Practically Unchanged.

CHICAGO, March 24-The absence of for
efgn news and the fact of to-dayS short
session being wedged in between two holi-
days made business on Change dull Wheat
opened easy and rather weak, and closed
UP steady, with scarcely any change from
Thursday afternoons latest quotations.
Corn averaged weak, and left of with
loss of &c. Provisions were weak, dull, and
closed 10c lower for pork, unchanged for
lard, and 07lac lower for ribs
Wheat started easy and dull. The wealth
er was cold and raw In this vicinity and the
temperature in the far northwest OF the
British provinces was down to II degrees
below zero. There was a disinclination to
believe that the cold had damaged wheat
SO far, although in Nebraska "a degrees
of frost was registered in the northern part
of the State this morning. The Milwaukee
signal service officer said: Severe cold
wave tonight and Sunday. Temperature
will fall to zero in the northwestern part
of Wisconsin and to 10 degrees above In the
southwestern part. Low temperature proba-
bic for several days" All that did not ap-
preciabiy affect the traders. who were
much more impressed with the very favor
able crop prospects, indicated by the 1lli-
nois State report. There were no market
cablegrams foreign markets being all
closed. May wheat opened at 57sac, as COM
pared with 57A@577sc at the close on Thurs
day. In the course OF the next twenty
minutes 1t sold off to 571Rc, which was a
return to the lowest previous price Of the
season, it having touched that point on
Feb 16 last. 1t became firmer after that,
selling up to 577sc bid later in the session.
AT the latter point Poole-Sherman sold
about 800, 600 bushels, supposed to be the
long wheat of some customer, and tnat
caused a reaction to 575s451Ac, but the
possibility of damaging frosts before Mon-
day morning exercised slightly restraining
influence on sellers, and it became slightly
firmer again before the close. The esti-
125O,OOo to 100000 bushels decrease. The
market closed up firm at 57A Q573sc for May
and $3.50 bid for July:
those who had previously sold short The
receipts were 347 cars for two days, ana
the local crowd were inclined to sell. Bart
lett-Frazier were buyers in a conservative
way. May opened at FROM 31kq374c TO
37lsc, and for long time held between
session it dropped to S67sc. In the last few
minutes the closing firTnness of wheat
caused some more covering of shorts and
the price recovered to and closed at 7isc.
The oats market was equally dull, If not
more so, than corn or wheat The cash
market was also dull and somewhat lower.
brought in on the market and with the
usual Saturdays. limited demand. At the
opening May SOLD at oOs4c IL tnen Sold at
30fsc. AT the close 3034c was bid.
Provisions were rather weak, but the
change in prices at the close did not vary
very radically from Thursdays resting
prices. Pork is 1Oc lower and unchanged,
and ribs .O713c off. Receipts of hogs for the
day amounted TO 1900 head and yester-
days receipts We're q, 1,5l2. Baldwin was
a seller OF ribs for May at the opening. and
the Anglo-American Packing Company sold
pork.
Estimated receipts for Monday are:
cars; hogs, 5000 head. Leading futures
ranged as follows: