The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-03
AT NEW YORK.
Ruling Prices in Produce at the Sea-
boards Commercial Metropolis.


boards Commercial Metropolis.
NEW YORK, Feb. 2.--Wheat was quiet
and weaker to-day after a rather bullish
start The feature of chief interest was a
bad break in February which closed 1a4c
net lower, against 9s@7sc declines on other
positions. Attending this drop was a reduc-
ton of cash wheat premiums, No red to
&c over May, f. 0. b., aaoat, and No.
Northern Duluth, 12c over to arrive. An
accumulation of selling orders from the
Northwest and other points. together with
deliveries of $4,000 bu on contract caused
the smash News of the day otherwise was
bullish, cables being particularly strong
and foreign buyers of cash wheat to the
extent of A loads, all ports, mostly No 2
red. May closed at 96ssc, after ranging
from 9712c to 96Ac.
FlOur-Receipts 200 brls; exports 276
brls. Market quiet and considerably weaker
in undertone. Rye flour dull Buckwheat
Hour quiet. Buckwheat steady. Corn meal
New York. Barley firm: feeding, 3SAc
Barley malt steady; Western. 52lkQ65c
Wheat.,Receipts, ESQ bu., Spot weak; No.
2 red, $l035sc. Options ruled firm all the
forenoon on foreign buying and better ca
bles than expected. Later however, there
was bad break, led by February, which
was influenced by deliveries on contracts
and a reduction of cash premiums, closing
lac net lower, against SsQ7sc decline in
other positions. Export trade was fair
No red. February Sl.Ol1261 03la, closed
at $l.01l2; May, 9614M 97 7-16c, closed at S62sc
Corn-Receipts, 1860 blu; exports, 81, 40 bu
Spot easy; No. ?, 957sc. Options weaker, fol-
lowing the drop in wheat, small clearances
and disappointing export demand; closed
1sc lower February closed at 341sc; May
SS1a033S4 closed at $3.50
Oats-Receipts, 44,000 blu; exports, 145 bu
Spot steady; No. 2, 29c. Options inactive
and easy at unchanged prices; May, 2Sl5c
Hay dull Hops steady: state. common to
choice, 1895 crop, 4M6c; 1896 crop 7d9c 1897
crop, 17a19c; Pacific coast. 1895 crop, 4d6c
1896 crop, SlJl6c; 1897 crop, 17lJ19c.
Hides firm. Leather firm. Wool quiet
Beef firm; cut meats steady; picked bell
lies, So. 25a6; picked shoulders. $l.75; picked
hams Sl25. Lard firm Western steam,
Pork firm; mess. SO. 75d10; short-clear s1O00
II; family. S10.50d11. Tallow dull Cotton
seed oil easy; prime crude, 19c asked; prime
yellow, pc asked.
Coffee-Options opened steady AZ noints
advance, ruled decidedly more active and
generally firmer on better cables than ex-
pected investment buying checked by con-
urued large receipts at Rio and Santos
Cables from Chamber of Commerce of San
tos estimating Santos crop at $50 900 bags
regarded as too small and had no influence
on the market; closing, quiet with I'M
changed prices to an advance OF points.
Sales, 1870 bags including: March, 565c
Spot steady. Rio steady; No T. invoice
6l446sse; No. Z. jobbing, 62.m67sc: mild
steady: COrdoVa. Sis6tl5c. Rio-ReceiDtS
5000 bags; cleared for the United States
9.0o0 bags cleared for Europe 1000 Rags
Total warehouse deliveries from the United
States, 1886 bags. including, 1919 bags
$50. $50 bags: United States stock 7S5 4OS
bags: afioat for the United States 327 900
bags: total visible for the United states
l,ll2,4S bags, against 6S0084 bags last wear
and 5l2,7i3 bags in 1896.
Sugar-Raw steady: fair refining. 9-16c:
centrifugal, SO test, 4t-l6c; refined steady.