The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-28
WHEAT WAS HIGHER
DAMAGE TO FOREIGN CROPS MADE
GOOD Use OF By THE BEARS.
Other Grain Was Inactive and Tn
and Up, but Lost the Advance.

CHICAGO March 27.-The dry weather
was again the ruling influence in wheat
to-day. The market ruled firm. but only
secured the modest gain of G41a7sc in the
end. Business N corn and oats was slack
and no change in price took place. Pro-
visions We're firm. but lost all they gained
early in the day, and closed about the
day before.
Wheat was generally firm, mainly on the
dry weather. The English markets We're
remarkably steady. considering the weak
ness here yesterday. Liverpool opened a
shade lower but closed with the loss re-
covered. Paris at the opening was without
noteworthy change, but Berlin came in with
Il mark decline. Minneapolis and Duluth
receipts were 31S cars. against 166 year
ago and 2S1 week ago. Primary market
receipts altogether were $4,000 bushels,
against SO, coo bushels on "Wednesday last
week and 203 000 on the corresponding day
of the year before. Export clearances from
the Atlantic seaboard amounted in wheat
and flour to 100000 bushels, of which 125, 900
was wheat. Some of the heavy shorts,
among them Ream Linn, Phillips and Rose
cranz, covered freely, and there was also
good buying on long account. In the last
half of the session a report by way OF
New York. presumably emanating from the
Washington agricultural bureau gave the
reports concerning the European crops for
February, and they We're Very unfavor-
able, both in regard to the damage done to
crops of France and England and a great
reduction in the area sown 20 wheat and
rye in Russia, the market kept up the firm
ness which characterized the trade in the
forenoon. The opening price for May was
from 547sQ55c to SOC straight, and after
touching 547sc for an instant it gradually
a6u cd fs,S al 81 =
and $3.50 during the greater part of the
time. The price near the end was about
midway between the top and bottom of the
days range. AT the close 55Ac was bid
for May.
Corn opened rather easier, but took heart
from the strength of wheat and ruled above
Yesterdays closing price, except for q little
time at the start when it sold at 1850 for
May The range for the day was from
46ssc to $3.50, and it closed at 461ac bid.
The receipts inspected We're 131 cars, of
which thirty-nine were of contract quality
The estimate for to-morrows receipts is for
only l9s cars, , and that was one of the
ferings We're very limited whenever a de-
mand sprung up. The trade was small and
easily influenced by quite moderate trans
actions.
Oats were generally quiet, and May. after
having sold higher all day, closed steady
Buying was quite good and the tone firmer
May ranged at 29Ac and 2sss@291sc closing
at the latter price. July ranged from $3.50
294c to 2S5s@29c.
The business in provisions was fairly good
and the tendency was in the main upward
after an easy opening. Liberal offerings on
the hard spots prevented any improvements,
and in the main prices were very little
May pork from 80 at the start to
$125212, and closed at $1232h. May lard rose
at s.s71kc May ribs advanced from '' S.iee
at the opening to Csc. and closed at 6.121ac
Estimated receipts for to-morrow-Wheat
81 cars; corn, 100 cars; oats, 100 cars; hogs,
10000