The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-13
WHEAT STILL HIGHER
COLD WEATHER, RECEIPTS AND Es-
INMATES FAVORED THE BULLS.
Chicago train Market showed Adj
vnnces for All Cereals and Pro-
visions Came I'm for Gwins.

CHICAGO, Jan. i?.-Cold weather, light
receipts and Bradstreet's statement con-
corning the smallness OF the visible supply
set wheat shorts 10 covering to-day. and
May closed sc higher. May corn closed sac
higher. May oats &c 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 $50
5SAc at the opening to 5sA @oShc 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
clearances 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, 600
bushels. Receipts, however. were light
and the small exports were ascribed to ac-
cidental circumstances. Bradstreet gave the
weeks clearances from both coasts at $751;
900 bushels in what and flour. Primary
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
projection, 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 5SssM5S%c bid.
Corn opened firm and continued so. The
strength of wheat helped 1t, but Its i'm
proved tone came In some degree also from
the better condition of the grain, and the
thereby among those who wish to store 1t.
The cut In rail- rates to the East, Ii 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 47sc to 4sc:
| and gradually worked up to ASSOC, and
| closed at 4SAIaSssc. Liverpool was quoted
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 firmer feeling. May 500 from
3lc to 31Ac. and closed at 3i1sq3lAc. ~.
| Provisions were barely steady at a slight
| advance at the opening, but became hrmer
later, and closed at f~ractionaliy better prices
than on the day before. hog receipts We're
1900. and $1,000 are estimated Tor Mon
day. A better demand was reported to ex-
list for cash property, and the packers were
evidently dislnclined to sell ahead at gong
rates At the close pork had secured an
advance of 7isc, lard .02isc- and ribs .oSc.
Estimated receipts for Monday: Wheat'
20 cars: corn, 240 cars; oats, 10 cars.
Leading futures ranged as follows: