The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-27
WHEAT UP ONE CENT
Cold Wave Since Saturday Caused
Sudden Squirt at Chicago.
Other Cereals Firmed Up in Sympathy
with Wheat and Provisions Closed
at an Advance.

CHICAGO, March 26.-Wheat went up
with a squirt to-day because of the energy
the temperature had shown in going down,
and the result was an early gain of 1i5c for
May. There was free selling at the adj
vance, however, and after nervous, UNI
settled session May closed 11c from the top.
but with a gain since Saturday of 1c. Corn
and oats were a shade firmer. In sympathy
and made gain of about 1sc EACH Pro-
visions ruled dull but firm at somewhat
higher than Saturdays closing prices.
The severely cold weather told with con-
siderable effect on the wheat market. All
doubts about the growing wheat having
been jointed were set at rest as soon as
the market opened In fact from the lively
leaps that wheat took at the start the
operators declared II double-Jointed. The
effect of the prevailing cold weather did not
affect all constitutions alike. Some OF the
shorts were rather inclined to make light
Of 1t and refused to be frightened into COW
ering. Others, however, were thoroughly
alarmed and bid from $3.50 to SIC for May,
as compared with 57Sc sellers at the close
of the market on Saturday. 1t reacted to
5SMc and rose again, reaching 59Nc, all
within the first hour Trade during the
time referred active. with orders
from outside quarters in the South and
Southwest, where the wheat was presumed
to be most seriously frost damaged. The
actual extent of the injury done to wheat,
1T generally concluded. could not be
definitely ascertained until future warm
weather should reveal It, In addition to the
got forty-one cars. Minneapolis 26l and Du-
uth nineteen. The receipts on the corre-
gondng day Of last yea at 4s she ens @
The visible supply showed a smaller decrease
h @a Of pnses
72163,00O bushels still in the visible. There
was decrease on the corresponding week
year ago of $4,000 bushels. 1t was said
ocean passage tomorrow would show an
increase for the week of 2,2500O0 bushels;
HON much, If any, damage had been done
TO wheat by the frost made the market
rather inclined Inclined to s weaR o5 6 the he last hSur
rested at 5S4.Q5S7sc.
There was no life in corn except what
That was sufficient to add Sc to Satur-
days closing values for moment at the
9psnng but that 0 f s SS%d not be
vious trading days closing price, but
firmed up once more on the moderate esti-
crease in the visible. May opened at S71zc,
sold off to &c bid, and recovered again to
S7hc: closing at S11sqS7Ac a
were only small. This. with the frmness
in wheat and corn, caused higher prices in
oats. May started NC up from the last
quotations Saturday, sold at 311sc, and then,
influenced by the increase Of 10000 bushels
shown in the visible supply OF oats, de-
clined to 3024 q307sc. 1t rallied again slight
", and when the session ended 307sc was
bid.
The provision market was dull. but main
tanned an undertone of firmness closing
with TIC gain over Saturdays closing price
for May pork and lard, and .05c higher for
May ribs. Lard was influenced to some ex-
tent by the premium of zoe sellers the
month brought over the May delivery. ].
G. Steever was a seller of pork to a mod
crate extent, and Sam Wolf was a buyer.
| Steady prices at the yards and the strength
| in the grain markets helped the price
Estimated receipts for tomorrow are:
Wheat, 80 cars; corn, 220 cars; oats, 1853
cars; hogs, 1900. Leading futures ranged
az follows.