The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-23
SELLERS IN EXCESS
Price Of Wheat at Chicago Made
a Small Decline.
The Cold Wave Scare Was Not Very
Potent NEUTRALITY-SUSPICIOUS. Pick
ing Up Steadily.

CHICAGO, March PIN anticipation of
tomorrow holiday and uncertainty re-
garding the effect of the approaching cold
wave, there We're more sellers than buyers
of wheat. and the price, compared with
yesterdays closing, is &c lower. Corn is
lsc lower and oats unchanged. Provisions
were strong, closing prices showing a gain
Of 10c in pork .0712c in lard and csc in
ribs.
The opening in wheat was quiet, without
change in price since the previous after
noon. The cold wave was moving slowly
over the winter wheat belt, and had already
spread over Nebraska, Kansas and down
into Texas. Its course was still eastward,
but the effect of the cold was only sufficient
TO raise a doubt and make il debata ble
whether any actual damage to the wheat
plant would result from it. The early ca
bles were comfortless and noted no change
in the foreign situation. The receipts at
Chicago were light. Minneapolis reported
2O3 cars and Duluth 81, or 2i0 in all, COM
pared with $40 at the same two places last
year. New York reported 20 boatloads in
all taken by exporters there yesterday, he
sides $4,000 bushels by local millers Balti-
more reported no inquiry from exporters
there. Business was more than usually
dull. and fluctuations for two hours were
confined between 577sc and 5SlsQ5Si4c dur
ing the entire forenoon. The clearanceS
from the Atlantic seaboard were liberal.
The receipts at the primary Western mar
kets. exclusive OF Kansas City, were 2Sl.-
$50 bushels, against 4o4 133 bushels a year
ago. Closing cables reported rather easier
continental markets. Antwerp was quoted
1912 centimeS lower; Paris from unchanged
to &c lower for wheat and from unchanged
to zoe lower for flour There was an in
crease of activity with prices on a slightly
57S.c and closed at 57&Q577sc
There was very little life in the corn
market and not enough doing to lift or de-
press values to a greater extent than Ac
or So Export clearances were small but
there was a good demand for the offerings
May started at 37ssc, declined to 37Ac,
rose 20 371ac, but under the influence of
the easy feeling in wheat toward the close
the market weakened and left off with
sellers of May at S714c.
While the slight firmness in corn influ-
enced a similar feeling In oats, business
in the latter was. far more active. There
were liberal offerings and a good demand
for shorts. The cash market for oats was
very active and firmer. May opened slight
ly und,r yesterdays closing price, at $500
307sc, and sold up to 31Ac. Toward the
close the market declined a shade with
wheat and corn. May closed with sellers
at 3Os4Q3O7sc, and 3O24c bid.
The provision market again developed
considerable strength. The firmness was
at first the result of the light run of hogs
but was added to later by the reported
good volume of the cash trade. Closing
prices were near the top figures of the
day. Compared with last night, May pork
is 10c higher. May lard .1212c higher, ana
May ribs Csc higher.
Wheat. Is cars; corn, 165 cars; oats. 175
No Board of Trade market Tomorrow
Good Friday. Leading futures to-day