The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-14
CORN WAS IRREGULAR
FLUC2IATED WILDLY FOR A TIME
At CHICAGO YESTERDAY,
And Closed at n Loss of lie 10 :.-Sc-
Wheat Also Weak and Two Points
Lower--PrOyisions Higher.

CHICAGO, Feb. 13.--Corn took the grain
markets in hand and excited them for
while, but wheat, in the end, shook itself
loose. with loss for the day of Nc while
corn is 1i0ssc higher. To-day's receipts of
hogs numbered only 5000, and prices of
pork higher by 10 cents for barreled and
from 02Lac to Csc for ribs.
Wheat opened very quiet at from $3.50
531ac for May, as against 53ssc al the close
of the market Monday. To a consider
able extent the market seems to have mar
moved itself down to a struggle between
those who have already bought the visible
supply for May delivery to retain posses
SION of their purchase and an attempt of
some others TO decry its value and make
them drop it. The price declined to $3.50
early in the day, but about noon rose to
5324c, in sympathy with a bulge in corn at
that time, but on Bradstreet's reporting
decrease of only 56s, 900 bushels for the week
In the worlds stocks, although in this coun-
try the decrease was 1,992,0 600 bushels. SELL
ing was renewed and drop to 53Ac took
place. Weakness due, in some meas
ure, t. the reports from the seaboard of
lack of demand from exporters.
Corn was very Irregular and worked up
and down over a range of lie per bushe
1t was. weak at the opening, then strong:
from that weak again. and finally wound
UP firm at 447s0f45c for May, compared with
4issc on Monday afternoon The opening
price was from 44ssc to 4ssG4412c, and it
rather dragged until 1t was reported about
IL o'clock that there was an active demand
at St Louis for corn to go East by rail,
on which report it rose quickly and rather
excitedly to 453sc Some inquiry was re-
ported for corn for Dubuque. Ia, and ten
carloads were sold to go there Eastern adj
vices were to the effect that recent sources
of supply were drying up, and they expect
to have to draw from Chicago before long.
Bradstreets reported the visible supply re-
duced 10000 bushels, compared with an
increase of 10000 bushels at the points in
cluded in the official visible.
The oats market was active during
greater part of the session. and quite good
business was transacted. During the early
part of the day the feeling was easy. Later,
however, the demand improved, and, with
the influence of a recovering market in
corn, prices rallied and closed shade firm
er. May sold from 2S7sc to 2Ss4c, and up to
291sc closing at 29@29lsc. Bradstreet's re-
port showed a decrease of 1000 bushels in
oats, and that, with decrease of 1000
bushels in the stocks of contract oats in
store, also helped to firm up the market.
demand for hogs and the better prices at
the yards. Such confidence and demand for
the raw material, notwithstanding it's ex-
IRENE plentffulness. gave the market for
in corn assisted to sustain provisions, and
the packers lent their aid in encouraging the
buying.
Just as the Board of Trade adjourned to-
day notice posted that the directors
had passed a resolution that any member
of the association making purchases or
sales during trading hours originating in
puts or "calls'' should be considered
| ished accordingly.
The receipts for tomorrow are estimated
| as follows: Wheat, z cars; corn 275 cars;
oats, go cars: hogs, $4,000. Leading futures