The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-02
FINALLY GAINED 1-4C
AFTER A WEAK OPENING BULL
NEWS FORCED WHEAT UPWARD.
Rumor of nm Immediate Bond Issue.
K with Light Receipts, Com
duced to higher Prices.

CHICAGO, Feb. Wheat was weak at
the start, principally on lower cables, but
reacted later on cash sales at st, Louis. and
rumors of an immediate issue of bonds. clos
ing Ac higher for May. May corn closed
&c higher. May oats &c higher and pro-
visions at moderate declines.
The opening of the wheat market repeated
the course it took yesterday. 1t started ssc
lower than ft5closed on the previous after
noon. and at that reduction there were buy
serS enough to prevent, for a time, any fur
Their decline. There was rather more en-
couragement for buying than for selling in
the routine market news. The lower cables
and an increase in Liverpool stocks, how
ever. We're received with alarm by the hold
ers and were responsible for the. early de-
cline. The rise in the price which, about u
O'CLOCK, began to succeed the previous de-
cline was due to the demand for cash wheat
at ST. LOUIS. A sale OF 10000 bushels to a
miiier there this forenoon, reported here.
was the chief cause of the advance. May
wheat. when closed yesterday at o. ysr4o,,,
opened To-Day Win sellers at 52ssc ana sod
down TO oz71c. For an hour ana a half fol-
lowing tnaI the price kept between 5z,sc
ana 5z7s4oza4c, and then slunlped TO o2asc Tor
a moment or two. On the st. Louis bulge
II rose TO 55AQ5Sssc. Receipts here, to-day,
were IA cars. minneapolis and Duluth to-
gether received li5 cars. A week ago l5
cars We're received at those two markets
ana a year ago they got 2O4; Primary mar
kets received to-day 156,0U0 bushels, against
2lS,OW bushels. last week and 272, 900 bushels
a. Year ago. Export ciearances from Attain
TIC ports were equal to 30S, 100 bushels in
wheat and tiojlr. The market was aided in a
measure by renewed rumors of an immedi-
ate issue, and May closed at 5sAc.
Corn was subjected, for q time, to a con-
tinuation OF the raiding which has been a
feature of the business for the last three
teeth to the short sellers and, in the end.
was quite strong at a recovery of nearly lie
from its lowest price. May opened asc lower,
closed at 431kc.
"A fair business was transacted in oats.
Fluctuations were ruled almost entirely by
corn, although the weakness prevailing at
times might possibly have been created by
the lower cash prices. May sold from 28Ac
closed slightly UP from Yesterdays last
quotation at 2311G2Sasc.
Provisions were weak at the start on low
er prices at the Yards and moderate SELL
ing by packers. There was some recovery
from the low figures on buying by shorts.
lard unchanged and May ribs .O2lac lower.
The receipts for Tomorrow are estimated
as follows: Wheat. 81 cars; corn. 200 cars;
Leading futures ranged as follows:
Bradstreet's Trade Review.
NEW YORK, Feb. 1.-Bradstreet will say
tomorrow: Special kilograms to Bradstreet's
from many of the more important points
thAoo5AOdl LAX COulllly Audhc
it plain that the uncertainty as to the out
come of the financial situation based on the
rapid Withdrawals of gold from the treasury,
has had a depressing effect on general trade.
Among twenty staple products, four have
remained steady in ~price-wool, lumber,
hides and leather-although in Western CEN
ters some grades of the last named have
been held at an advance, and at London,
sales of wool sold up slightly. More i'm
portant decreases were on live cattle and
hogs, the latter 10 cents per cwt, wheat,
corn and oats, and pork about 81 per barrel
after the bulls had tired OF holding up
quotations) and lard and cotton. The great
est encouragement as to advances in prices
is found among the iron and steel industries.
Not only have Bessemer pig iron and steel
billets advanced fully 10 cents per ton each,
but demand for shaped iron by car, wagon
that for nails and for barbed wire being pro-
nousced, advancing prices 5 cents on each.
Low temperature West has put up prices of
eggs and potatoes and quotations for cof-
Zee and sugar arc higher.
Inc grain trade was surprised this week
by Bradstreet's report OF q relatively heavy
increase in stocks of wheat afioat for and
In Europe, as a decrease had been antici-
pated. During January exports of wheat,
cluded as wheaD, have continued to average
100000 bushels per week, but during six
business usnrt days en nd 6s Jan; 81, the total SO
with 2,S4o,00o bushels the week Before, $685.
00 in the week one year ago, 3,123, 600 two
years ago, and 4, 740,O 900 in the corresponding
week of 1892. In textiles there is little
change OR prospects of early Improvement.
General lines of fancy printed fabrics are
going from jobbers' hands fairly we'll and
print cloths are a shade better than a week
ago. Foreign wooden dress goods are re-
ported active, and have secured the bulk
of the orders placed at Eastern centers thus
far. The outlook for American mills en-
gagged on wooden dress goods is regarded
less favorable although manufacturers of
mems dress wear WOOlenS are busy.