The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-29
DULL DAY IN CEREALS
WHEAT REMAINED COMPARATIVELY
FIRM, CLOSING 1-Sc LOWER.
Corn Was Also on Use, but Oats Adj
ished ut Moderate Advances.

CHICAGO, March 2s-Wheat was dull
to-day, but firm the greater part of the ses-
sion dry weather. May closed sc lower,
May corn closed sc lower, May oats gained
Nc and provisions finished at advances
The dry weather assumed serious aspects
in the eyes of many of the shorts in wheat
at the start and their nervousness led to
some liberal coverings at the opening.
There were sellers of wheat at the
close of the market yesterday at 5514c for
May. but this morning nobody would sell
it for less than 551ac and there were plenty
of buyers at that. The limit of price be-
yond which the shorts were not inclined
to co. except on further compulson, was
soon reached at 559sc and, having paid that
for few fves, they refused to climb any
higher at that time. The weather bureau
here sent out early intimation of what
might be expected of the elements up to
Friday night and there was no rain in
the prediction. The signal service people
at New York and st. Louis, however,
wired here that there would be rain in
the West commencing Friday afternoon.
The latter prediction created less anx-
ious mood to supplant the earlier fever of
the shorts and the price dropped back for
a moment to 55l4@55asc. Apart from the
uncertainty Of the weather there was moth
turb the market. The receipts at Mime
apoiis and Duluth We're 245 cars, against
252 year ago. The total receipts at pri-
mary markets amounted to 100000 bushels,
compared with $4,000 on the corresponding
day the year before. The export clearances
bushels, of which 229,0O0 bushels was in
the shape of wheat. The foreign news
frt yerpo nd B waS quoted
lower. "A New York dispatch said that adj
vices from Argentine We're to the effect
damaged by rain. May wheat dropped to
54asc half an hour from the Close Cover
ing purchases an anq 2 to perhaps looooeo
cry from the last named quotation and
the latest trading was at 551sc
The corn market was dull and without
any very noteworthy features. The pri-
mary market receipts to-day amounted to
Year ago. The ADVANCE Of the D price for
July delivery, as compared with May, which
has been in progress for few days, indi-
ates that the longs are changing their
deals over into the later deal. May corn
opened at 46a4c and the early firmness of
wheat helped to sustain it at near the
opening quotation for some time, but the
subsequent weakness in wheat caused
corresponding g, feeling in corn and the price
declined to 461sG46l4c about forty live min
was at 1880.
Oats was fairly active There was good
buying early and prices were frmer. Lat
er, however. orders were evidently filling
up and with slack demand and the weak
er feeling then prevailing in corn the
strength gave way to a decline. The low
est price of the day, nevertheless, did not
reach below yesterdays last quotation.
May sold between 2934c and 29asc and closed
at 295sc. July ranged from 291sc to 28s4c and
rested at 29c. The principal feature to the
market was the urgent demand for cash
stuff for shipment.
The provision market was strong. It
ing to be 10000 less than had been es-
timated and on the expectation that 5000
Will be about the size of to-morrows run.
To-day's receipts were 10000. Sellers were
timid and shorts rather more inclined tc
buy than to increase their lines. May pork
opened at $3.50, sold as high at $3.50 and
closed at $1245 bid, 121ac higher. May lard
opened at 7.10c, against 69715c at the
close yesterday and closed with sellers at
7.0112c. Ribs opened .15c higher and adj
vanced TIC more, closing with a net gain
of .I712c.
Estimated receipts for to-morrow-Wheat
80 cars; corn, 100 cars; hogs, 5000.
Leading futures ranged as follows: