The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-25
AT NEW YORK.
Ruling Prices fn Produce at the Sea-
boards Commercial MetrODOlis.


boards Commercial MetrOuOIis
NEW YORK, Jan. 2-Wheat traders who
have heretofore been rather skeptical on the
question of outside interest in wheat were
convinced by the action of to-day's market
that Wall street and other public interests
had taken vigorous mold. TO the exclusion
of all other influences. Throughout the fore
noon and early afternoon there was a scene
of old-time excitement and violent price Euc-
tuations in the pit, advancing the May
option to T5sc or 1850 higher than it has
been at any time in the present season
Then the Northwest commenced to sell and
room traders, seeing their advantage. ham
mered the market heavily, producing a final
reaction to TIC. Nevertheless final prices
We're still 1B41asc higher than the previous
gay ana sentiment unshaken, expecting fur
ther support from outside sources. There Is
little in the news at present to encourage
buyers, but in purely speculative market
ordinary news cuts but little figure Furone
took about fifty loads of cash wheat and
sent firm cables. Spot property still com
mands good premium at New York and
showing the million bushels increase ex-
pecf1ed. actually decreased $1,000 Blu.
FlouTIReceipts, 1886 brls; exports, q, 545
brls. Market active and stronger with
wheat. Winter straights, IS 60G3. 60; winter
extras, g. 1903; winter low. grades, 81. 4O@2.65;
Minnesota patents. $3.90q4.20; Minnesota
bakers. $303,30. Corn meal firm; yellow
Western, S3484c. Rye firm; No. 2 Western
Coo, I. o. b., afioat. Barley malt dull
Wheat-Receipts, 296, 400 bu; exports 1872 551
blu. Spot steady; No 2 red 82G1S255c f o. b.
afioat to arrive. Options opened strong and
developed the greatest strength and activity
yet witnessed this season. Trade was broad
and credited with good WaI-street support
which frightened shorts into active covering
again. 1t was purely a speculative rise nod
elled after the excitement in stocks with
sentiment everywhere very bullish still In
ness ensued, the close being unsettled at lIk{D
1850 net advance March, 797s0S0 9-16c, closed
al S012c May, 16asUU9sc. closed at IKE
Corn-Receipts, 100 bu; exports % 434
Blu. Spot easy; No. 2, 454c, f. o. b. afioat
for old. Options opened strong and followed
the lead of wheat all day, closing easy under
late realizing at sc net decline Trade in
cluded numerous outside orders of substan-
tial character. May, 429sg43lsc, closed at
425sc
oats-Receipts. 5000 bu: exports, 2.s0o
bu Spot dull; No. 2, 34Mc: No 2 white 35Isc
Options dun. Cotton-seed oil firm; prime
crude, 19c; prime yellow, 22l5624c.
Coffee-Options opened steady at I'M
changed prices. ruled inactive, but slightly
higher on small offerings and light local
covering, followed slight advances at Havre
and Hamburg and liberal warehouse deliv-
cries in this country, closed steady from I'M
changed to points higher. Sales 5000 bags,
incuding February, 5.40c; March. 5.50c;
May, $3.50; June, soc: July, 5S0c; Septem-
Der, 5.S5c; October, $500; November 595c.
Spot coffee-Rio steady but quiet; No. T. in
voice, csc; No 7, jobbing, 7lsc. Mild steady;
Cordova, 71@114c.