The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-09
GRAIN Is ADVANCING
INJURY TO FRENCH CROP GIVEN As
CAUSE FOR HETTER PRICES.
Foreign Wheat Market Firm and
Provisions Sell Higher.

Chicago, March S.--Wheat was firm to-
day. and closed 14c over the latest trading
price of the previous afternoon. The strength
OF the Liverpool market and the impression
conveyed by the cablegrams from Paris that
the growing French crop has been injured,
perhaps seriously. by frost, were the chief
causes of the improvement here. Corn was
quiet lively. ending 1sc higher, and oats
gained 1sc. Provisions continued their al
vance.
The Liverpool market was IA higher at
the opening, and that along with a threat
ened cold wave following on the heels of the
present springlike mildness. gave the mar
ket firm start. The opening transactions
in May were at 54isc to 54Ac. compared with
53ssc at yesterdays close. During the re-
mainder of the forenoon the price had a
struggle to maintain itself against the effect
of selling out by spectators who had bought
yesterday at 53aic. 4 reported slightly
weaker tone to the Paris market hal more
influence during the forenoon than some
other cablegrams which were of decidedly
bullish character. A report of some whole
sale trade in wheat for shipment at Toledo
was in similar manner minim by the
statement that it was worked because of a
heavy cut in rail rates Estimates of only
100000 bushels decrease in the visible and
clearances of only POS, 600 bushels of wheat
and flour from the seaboard were causes of
weakness, which near the noon hour caused
the previously prevailing firmness to give
place to weakness and bout that time 557sc
became for short time the trading price.
The primary market receipts were 333, eco
bushels, against 10000 bushels last week
Closing cables confirmed the advance at I4iv-
erpool of from II to s4c per bushel. Antwerp
was quoted 12c higher, Paris a shade easier
for flour, unchanged for wheat, and Berlin
repeated yesterdays quotations. May rallied
Corn was strong and higher, opening lac
over yesterday s close, advanced l2c more in
in the course of the forenoon. The strength
came from the improvement in the demand
for cash corn. A cargo was worked here
yesterday afternoon for direct shipment to
Liverpool at opening of lake navigation, and
ivances of 14d to s4d per GENITAL. The demand
here for No. 3 and No. yellow, through
billed, was good, and it advanced equally
With the gain 4. in the price OF May The The
forenoon to 4515c, reacted 1sc and closed at
45Ac, sellers.
The same dull and uninterestng state of
affairs continued to exist in the oats mar
corn almost entirely. May sold from 29c to
29Ac, and closed at 291sc BID Receipts
amounted to 146 cars, los of which graded
Provisions were buoyant and active dur
ing the greater part of the session, the only
weak spots being the result of sales by
chases. The talk of scarcity of cattle,
which has been current for some time, was
given one of the reasons for the advance.
Spectators for long account, shorts and
market. May pork closed at S11, the best
price it sold at to-day, and 15c over yester-
days top quotation. Lard and ribs advanced
.02lac.
Estimated receipts for o-morrow-Wheat,
80 cars: corn, 275 cars; oats, us cars; hogs,
1900 head.