The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-11
WHEAT IS BOOMING
SEVERAL BULLIsH ITEMS CAME AND
THERE WAS SUDDEN DEMAND.
Leading Cereal Advanced 5-Sc, with
Corn and Oats Higher, but Pro-
visions Weak and Lower.

CHICAGO. Jan. started with
a bounce to-day and closed CSC higher for
May. Export sales reported from st. Louis,
small receipts. liberal buying and a, bullish
Cincinnati Price Current NINA all aided
in the ADVANCE. May corn closed 1lac high
er, and May oats &c higher, but provisions
finished at declines.
The market for wheat started with a
jump. The Cincinnati Price Current said
that the quantity of wheat in farmers
hands was from so, 900 to Co. O0,O 900 bush
els smaller than at the corresponding time
of last year, and the figures ascribed yes
terday to Thomas, pointing to a diametric-
ally opposite condition of affairs, were at
once relegated to the oblivion of an ex-
ploded fake. The price of May, which was
57sc at the close yesterday, rose to $3.50
5S1sc as soon as the market opened, and
there seemed to be little disposition on the
part of the shorts to increase their lines
at the advance. Some covering of shorts
helped to give spirit to the opening jump.
The receipts were again small, smaller
than ever. The total of the primary mar
ket receipts were only $4,000 bushels. The
Northwestern markets OF Minneapolis and
Duluth reported 145 and So carloads, or 207
cars at the two places, compared with 291
cars last year. The Liverpool market was
quoted firm and ed higher at the close,
after an easy opening. Berlin quoted a rise
of from II mark to / mark, due to further
unfavorable advices regarding the Argen-
tine crop. A piece of bullish news reported
rivers in Argentine overlooking their banks
from excessive rains. Export clearances
of wheat and flour from Atlantic ports ag-
gregated $4,000 bushels. The market held
its opening advances substantially through
out the session and closed at 5Sss@5S1sc for
May.
Corn took it's cue from the wheat mar
ket, and acted strong. with an advancing
started at 47!sQ4Sc. and maintained the ad-
vance thus fnaugurated. 1t did not drop
R Racs;0ts sA @@szrsss an and a closed ed at 4sg4s.sc bid.
mates Of $40 made yesterday. The poor
condition of country roads was suggestive
of smaller receipts in the future, and a
through billed. No. 3 yellow, which was
slow sale yesterday at a range of from S9Nc
to 1850, was in good demand at 4Oc during
the greater part of the session. only a few
cars being picked up at 391sc. The de-
mand for carloads to go to store was also
better to-day. IA Aas
Business in the oats crowd was of only
fair volume, and prices fuctuated within
a narrow range, influenced somewhat by
the movements Of the corn market. There
stuff, and quite an urgent disposition to
buy, principally from shorts. May opened
1sc up from yesterdays last quotation, at
311se. sold up to 31Ac, and closed at that
price.
The provision market was dull and with
out special feature, except that the pack
the stimulating effect OF the stronger grain
markets to sell. The tendency was down
ward after a short period of firmness near
the opening. May pork touched $l2 for q
second. but closed at ST.. S2h., as against
$11.95 yesterday. Lard closed at a decline
Of .o74c for the day. and ribs at a loss