The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-16
Lively GRAIN TRADE
WHEAT FLuCTUaTED WILDLY AND
FINALLY CLOSED 1-sc DOWN
hut Armour Made Things Hmm i'm
the Provision Pits.

CHICAGO, March 15.-Wlleat bobbed up
and down nervousy. and frequently to-day
made breaks on realizing, following the
bulge bullish news and at the end May
was but lsc lower than it closed yesterday.
Most Of the selling was in the nature of
profit taking, the small shorts covering
freely on the soft spots. Corn was dull,
closing unchanged, and oats were bullish,
also finishing without change. Provisions
were excited and advanced sharply early,
but broke later, closing at declines
The opening of the, wheat market was
made under some excitement. There were
few sellers and hosts of buyers at 575sc for
May, compared with 57L4c at the close of
the session yesterday. The brlskness of the
demand alarmed a number of the smaller
shorts and in five minutes the price had
advanced to SIC. There being millions of
wheat held by the local crowd in the pit,
which had tempting profit in it at 5sc,
15,Cc0,O0o bushels was put on sale, the con-
sequence of which was a tumble to 57ssc.
The crop damage reports of the day before
and the buying of wheat in the Western
cities by country millers whose mills
at points where there should be ample
farmers supplies, were supplemented this
morning by strong cable advices. The mar
ket acted freakishly and unsettled, with fire.
auent and quite considerable fluctuations,
57Ac and 57szc being consecutively the
prices several times, ana the range extend
ing to 571sc and 5Sc twice during the fore
noon. Millions of bushels We're wanted on
each drop to 575sc, and just as much for
kets received in all 335,GD9 bushels The ex-
port clearances from the four principal
Atlantic ports We're again light comprising
1899 bushels of wheat and enough corn to
bring the crop. up to $4,000 bushels The
heavy spring wheat receipts and the small
Atlantic
points favorable to the bears, but these were
enough to keep them from giving up the
market every time it appeared to be the
eve OF soaring out of bounds The closing
but in the last few minutes Of the session
at 57hc.
The corn market was stale and uninter-
esting. The traders were Indifferent a
rule and the range of prices was light. The
highest price was maue FOR May, and that
followed, was 4sl4c. The opening was 4sikc
tuations followed those of wheat.
The oats market attracted even less at
tention than ever f,i fluctuations Were
May started at 295suzSs4c, sold at 29Ac,
down aa, to 2s@sc up again to sss4e and closed
gregated 1s1 cars. of which lzs were graded
contract.
The provision market was nervous and ir-
regular. The price went up with rush
at the opening, with Armour a heavy buyer,
and surged up and down at every transac-
ton according as it was bid for or Of
fered Commission men found great trouble
in filling orders satisfactorily, as it was inn
possible to get the nominal market price,
whether the order was to- buy or SELL The
hog receipts were 5,009,s and 1900 are ex-
pected tomorrow. May pork was sold at
the same time, and broke back to 81 121a
and up again to 1920 before II. settled down
to a somewhat steadier decline. 1t finally
got down to $11.97la and closed at that, as
compared with $121zh at the close yester-
day. Lard in the end had lost .C2isc and ribs
were unchanged. Tire course of prices was
mysterious, giving evidence of manipula-
tion
Estimated receipts for Saturday: Wheat,
40 cars: corn, 100 cars; oats, 10 cars; hogs,
1900 head.