The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-30
AT NEW YORK.
Ruling Prices i'm Produce at the Sea-
boards Commercial Metropolis.

NEW YORK, Dec. 29.-The wheat market
worked itself up into a high state of excitement
this afternoon and had sharp up-and-do
movement over a cent range in the last hour
leaving off with a final collapse and weakness
of undertone, which, in fact was it's chief char
acteristic most of the day The public was again
either out of the market altogether or a good
seller Of wheat and fluctuations therefore were
largely determined by scalping operations. Local
traders, short one minute, would be frightened
by their shadow the next and the see-saw after
noon market was one result of this unsettled
feeling among room operators. The general un-
dertone of the market appeared to be as weak
and bearish it was on Wednesday, although
bull traders, looking over the statistical situa-
ton, which to-day included another big seaboard
movement and continued reductions in interior
receipts, were not discouraged. Argentine news
entered somewhat into the situation and had
bearish average, more liberal offerings were
reported at price below American wheat. The
export business only about thirty-hve loads,
here and out ports. May wheat sold up to 75c
in the afternoon after having previously declined
to 74c, and closed at 7415c. Corn again followed
the movements of wheat closely. There was an
enormous export trade, however, that gave after
strength preceding the final collapse, which
left closing prices hG9sc below the previous day.
In all 210 loads were reported for export, repre-
senting the heaviest business in weeks and one
of the largest on record.
Flour-Receipts 80, 1870 brls exports, 49, 429 brls.
Market steady and unchanged but qpieter, owing
to wheats erratic actions. Winter extras. 500
as. Corn meal firm; yellow Western. s4QS5c.
Rye quiet; No. Western 64c, f. o. b. ahoat.
Barley malt steady.
Wheat-Receipts, POI, 200 bu exports, 393, $50 blu.
Spot weak; No. red, i9s4c, f. o. b. afloat, spot.
Options in highly nervous and unsettled
condition all day, sustaining frequent and sharp
changes in the afternoon under scalping opera
further liquidation and short sales. de-
cided late recovery on big ciearances, outside
buying, a scarcity of shorts and strength in
preceded final collapse, attended by renewed
unloading. Last prices represented B@4sc net de-
cline March, 77Ss@779sc, closed at 77Ac.
Corn-Receipts, 2Jl Sz5 blu; exports, 149, $50 bu.
Spot weak NO. 2, 449sq447sc f. o. b. afoat. OPP
lions opened easy on cables and after an emphatic
afternoon recovered on enormous export rumors;
went to pieces finally under a general sacrifice OF
holdings; closed AQ9sc net lower; May, 4SG433sc,
closed at 43lsc.
Oats-Recepts. 14,4O0 blu; exports. $3.50 bu. Spot
quiet; No. 2 S312c; No. white 36c. Options
quiet and nominal.
Coffee-Options opened steady at points ad-
vance; ruled fairly active covering following
favorable European cables and large warehouse
deliveries in this country; buying checked by
receipts; closed steady to 5Ql0 points lower.
Sales, 80 $50 bags, including: December, 5.45c jan
uary, 545Q5.50c; March, 5.7GG5 75c; April. 5.75c;
May 5.SOl5.9 0c July, 5.SOc September 5000. Csc.
Spot coffee-Rio steady No. Z, invoice 6Ac job
bling TIC Mild steady; Cordova, 7%Q15c.
Sugar-Raw irregular and largely nominal; fair
refining 37sc; centrifugal sc test, 4asc; moasses
sugar, $3.50. Refined unsettled