The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-17
WHEAT ADVANCED 1-8C
FRENCH CRISIS AFFECTED CHICAGO
MARKETS 90 A LITTLE.
Went on a Fraction and PrOvf-
sions Declined Sharply.

CHICAGO, Jan. 16.-After a weak session
wheat reacted at the finish to-day, and
closed ,sc higher for May. aided, possibly,
by rumors of the French pretender's ac-
tivity. May corn closed unchanged, May
oats lsc lower and provisions finished at
sharp declines.
The receipts of wheat were again small,
export clearances heavy and -four mills
Closed for some time reported as prepar-
ing to resume operations, but more wheat
was offered than there We're buyers for,
and the price broke in consequence. The
opening price of May wheat was irregular
at from 57Ac to 577sc, not much of it at that
time going for less than 577sc, and for
some time the market took all that was
offered at 577kc, and from that down to 1-1ec
less. AS the session progressed, however,
the offerings increased and the early values
could not be sustained. 1t dropped to 57ssc,
and, although it had a midday rally to
57A0577sc, it was again hugging the pre-
vious lowest price about thirty minutes
from the close. The foreign mar
kets were dull and a shade
lower. Apart from the dullness
OF cables s,,,fyt Gb, eis e, n ,ac the hap q OF
compared with 127 cars a year ago. Mime
apolis reported receipts of l34 cars and Du-
cars on the corresponding day of the week
before and 2S4 cars a year ago. Primary
market receipts all told were 211,0 0 bushels,
against 237, 900 a week ago and $4,000 a year
ago. The Atlantic port clearanceS of wheat
and flour amounted together to the equiva-
lent of $4,000 bushels. PREPARATIONS were
both at Minneapolis and Duluth, the former
place wiring that, owing to increased pro-
duction this week, indications were that
not much, if any, increase would be shown
in their stock of wheat. A cablegramf from
Buchanan, The American minister to Ar
oonAipn RI hic friondS Van Drcar o.. q.
of Minneapolis. put the exportable surplus
of that country at 100000 tons, which
was moderate buying at the finish and May
closed at 5Sc. helped. perhaps, by the
French troubles.
The corn market was weak during the
greater part of the day, but rallied with
wheat near the end and wound up quite
firm. The range IN prices was narrow; it
exportable surplus of corn from Argentine
of 5000 900 from the growing crop was
eenntry last ! HnalHfhn having been next dit to no eth
ing. Receipts here to-day were 166 cars,
only one Of which graded contract. The
The opening price for May was 47Mc; it
dropped off to 475sc, and at the close there
were buyers at 471sc.
Use of a very quiet day, but before half
the session had passed a raid by a few
scalpers, caused considerable activity to
spring up and prices to decline. The COM
mission houses holding orders to buy were
on hand and bought freely on the decline.
Toward the close their free bidding rallied
the market to within 1sQAc of where it
started. Norton Worthington and Bartlett
Frazier headed the early selling and Puff
Slaughter and Schwartz-Dupee were heavier
buyers later. May sold from Bic to 301sc,
and up again to S0a4 @ where it closed.
The provision market was very weak.
The receipts of hogs, which it was esti-
mated yesterday would number 5000, and
which then was considered more than
enough to cause weakness, turned out to
ised for tomorrow. A drop of zoe in pork,
.121sc in lard and .15c in ribs was natural
to the circumstances. At the close the
market stood at 171ac less for pork and .1Oc
each for lard and ribs.
cars for Thursday: Wheat, As;
corn, 175; oats, 100.
Leading futures closed as follows: