The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-14
WHEAT STILL HIGHER
COLD WEATHER, RECEIPTS AND Es-
INMATES FAVORED THE BuLLs.
Chicago Grain Market Showed Adj
yances for All Cereals and Pro-
visions Came in for Gains.

CHICAGO, Jan. 12.-Cold weather, light
receipts and Bradstreet's statement con-
corning the smallness of the visible supply
set wheat shorts to covering to-day, and
May closed CSC higher. May corn closed &c
higher. May oats Ac higher, and provisions
at slight advances.
The wheat market opened rather sluggish
and with very little change from the clos
ing price of the day before, but very soon
a number of buyers started up and the
price rose buoyantly and readily from $40
5SAc at the opening to 5SA@5S7sc in the
course of the next forty minutes. The
statement by Bradstreet confirming to some
extent the views expressed on Thursday
by the Cincinnati Price Current with ref
erence to the smallness of the visible sup
ply this year compared with that of the
year before. was the principal cause of the
firmness. The other market influences were
of a mixed character. Foreign markets
were quoted about steady, and the export
clear&nces for the last twenty-four hours
from the Atlantic ports and New Orleans
were the lightest recorded for a very long
time-only 5000 bushels of wheat, and not
enough -four to bring the total UP to 100, 900
bushels. Receipts, however, were light
and the small exports were ascribed to ac-
cidental circumstances. Bradstreet gave the
weeks clearances from both coasts at 2,5S7,-
Vu DuSnelS III what ana hour. Urinary
market receipts amounted to 245, 900 bushels
against $50, 900 bushels on the correspond
ing week of the year before. The severely
cold weather, which in Missouri and Kan
sas, where the wheat plants have no snow
protection, was accompanied by high winds,
helped in the Generalization of the shorts
which took place. The market ruled strong
all day, and May closed at 5S5s@5SAc bid.
Corn opened firm and continued so. The
strength of wheat helped it, but its inn
proved tone came in some degree also from
the better condition of the grain, and the
consequent greater confidence inspired
thereby among those who wish to store it.
The cut in rail rates to the East, it is ex-
pected, will wake up the shipping move
ment and remove the dead load of the
daily receipts from the shoulders of the
local crowd. May opened from 477sc to 4Sc,
closed at 4S14 @4Sssc. Liverpool was quoted
firm and Ad higher.
Not very much attention was paid to the
oats market, yet a fair business was trans
acted for a Saturday. There were some
buying orders on hand, and that, together
with the influence of the ~neighboring mar
kets caused a frmer feeling. May sold from
SIC to 31Ac, and closed at 3lBQ31Ac.
Provisions were barely steady at a slight
advance at the opening, but became firmer
later, and closed at fractionally better prices
than on the day before. Hog receipts We're
10. 900, and $1,000 are stimate for Mon
day. A better demand was reported to ex-
ist for cash property, and the packers were
evidently disinclined to sell ahead at going
rates. AT the close pork had secured an
ADVANCE of 71bc. lard .02sc and ribs .Ooc.
Estimated receipts for Monday: Wheat,
so cars, corn, 24O cars; oats, 10 ears
T leading futures ranged as folloWS-