The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-10
BULLS DISAPPOINTED
VISIBLE SUPPLY STATEMENT Up
TO THEIR EXPECTATIONS.
Worlds Stock OF When Decreased
Only oo4,OOO Bushels Last Week
Few Changes In Cereals.

CHICAGO, Jan. 9.-Wheat fuctuated lazi-
ly between 575sc and 5sAc, and closed 1lsc
lower for May. The news was generally
bullish, but the worlds visible decrease
was not up to expectations and or that the
market finished easy. Corn closed 1c high
er; oats, &c higher and provisions made
slight gains. f8ae
Wheat opened about as it had closed on
the previous afternoon. May brought from
51sM5Sc at the opening plunge. and kept
between those prices and 58isc for half an
hour and then made a slight advance.
Business was exceedingly dull for an hour.
The Bradstreet's visible supply occupied
speculation, and the general expectation
previous to its receipt was that it would
favor the bulls. Receipts were again light
and export clearances fair. Foreign mar
kets were generally quoted firm and St.
Louis advised another 100000 bushels of
wheat sold this morning for immediate
shipment to the seaboard, making $4,000
bushels disposed of in that way in the last
three days. Bradstreet's visible supply
statement, when received, did. not come
quite up to the bulls expectations, as it
showed that the worlds stocks had only
decreased 954 ,0Go bushels, instead of about
1000, 900 bushels, as many had looked for.
The starting up of the largest Hour mill
in Superior, Wis, and the expected re-
sumption, within a few days, of other large
flour manufactures at Minneapolis and
elsewhere, prevented the several breaks in
the price of wheat here. which occurred
after the slight early advance, from grow
ing serious. New York and 81. Louis both
advising some business in spot wheat
helped also to keep the bulls from getting
demoralized. May, from 7sM3S near the
opening, advanced to 5s1hg9s4 raeo rea 6ae x
SIC. 1t again fell to 57ssc, and about half
an hour from the close was 5Sc bid. May
finished at 577sc.
Corn was again eXtrenlely lnactlve' put
the general tone of the market was firm.
The receipts We're 33S cars, against esti-
mates Of $50 cars. The contract corn IN to-
days receipts amounted. to only III car
loads. The excess of receipts over the eStl-
mates was not regarded much by the trad
ers: the offerings were easily absorbed
and the market closed a shade higher for
MAY than on the day before. May opened
unchanged. at 471sc. touched 477sc and
closed at 41asc. EF
prominent for it's activity; yet a fairly
active session was passed. SeHlng was
scattered and not very urgent; buying was
good, principally by shorts a nrmer Ieel-
shade firmer. May started at 30A@30Nc,
sold at 1890 up to SIC and at noon az 3o1sc,
closing at SIC.
There was about half an hour of moder-
.ately active trading in provisions, followed
NV dullness. The days fluctuations were
slight. but kept, for the most part, above.
the price they closed at yesterday. In the
end. pork rested with a gain OF Z12c, ana a
ribs The steadiness was the result of fair
buying, despite liberal hog receipts,
The stimated receipts for. Thursday are:
Wheat. 54 cars; corn, $40 cars; oats, 15
cars; hogs, 1000 head. go,
Leading futures ranged as follows to-