The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-01-10
MARKET REPORTS.

CHICAGO. Jan. SIT was a whip
saw market today. After opening
strong and advancing about &c TODAY
on strong cables, light receipts and the
expectation of a big decrease in the Wis
ible supply, wheat weakened and slid
down 11sc on free selling induced by the
disappointingly small decrease in the
visible May wheat closed 1ac lower and
May corn &c lower. Oats were I'M
changed, provisions considerably higher
all around.
Wheat began the day with the condi-
tions favorable for the holders. The
crowd was eager to buy, and for the
first half hour offerings were scarce.
May opened &c higher at 6714c and soon
climbed to 675sc. The cold weather,
which was supposed to be doing deadly
work in the unprotected winter wheat
fields, was one of the causes Of the early
firmness. Receipts were light. Chicago
received but So cars, against Ala a year
ago. and Minneapolis and Duluth re-
ported but $40 cars. compared with $40
on the corresponding day last year. For
eign markets were also playing in the bull
band. Cables were higher all round, but
the main cause of the firm feeling was
the expectation of a marked decrease
in today's visible supply report. Until
that was posted, the bulls were jubilant.
When the returns wer complete, the re-
port showed that the visible decreased
275. 900 bushels. Then the bears in
ming came. August Brosseau, Nat
Jones, Frank Dun and others buying
turned sellers. Billy Linn threw 250,
600 bushels of long wheat onto the mar
ket and prices went down with dizzy
rapidity. The export clearances were
rather small. Baltimore, which was ex-
pected to show liberal exports, clear
ing none. This added to the weakness.
and May continued to decline until it had
lost nc At the low figures. however,
a good demand was developed, causing
a reaction, but the uncertainty regard
ing the government report to be issued
during the afternoon caused more sell
ing and May closed but sc above the
bottom figures of the day. May opened
at 67Ac. advanced sc, declined 11sc raj
lied &c, lost &c, and reacted 1sc, to close
at 665sc
Corn receipts were under the estimate,
and that. combined with the early firm
ness of wheat caused a firm opening in
the corn pit. The visible increased !, 204,-
600 bushels however, and with the slump
in wheat, prices declined with but
slight rally at the close. May opened
unchanged at 3S2lc, advanced &c, drop
ped &c, and reacted sc, to close at 3S%c,
but sc above the bottom figures of the
day. oats opened firmeT, influenced by
the early strength of wheat and corn,
but under the depressing influence of
the latter weakness in wheat and an in
crease of 80 600 bushels in the visible
supply, the gain was lost. May opened
&c higher at Bic, sold off sc and rallied
sc, to close at yesterdays closing fig
ures, 30$lc.
Provisions were strong with packers
buying and on hog receipts less than the
estimate and an advance of 10c in
prices Baldwin, Farnum, Armour &
Co. and Swift &, Co. bought freely, and
shorts did considerable covering Free
offerings caused temporary reactions
but closing prices were not far from the
days ton prices. Compared with last
night May pork is 371zc higher, May lard
1715c higher and May ribs zoe higher.
Estimated receipts for tomorrow:
Wheat. 1855 cars; corn, $50 cars; oats, 500
cars; hogs. $1,000 head
The leading futures rang-o as follows:
articles; Open. High. Low. Close