The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-19
WHEAT HELD ITS OWN
AFTER WEAKNESS PRICES FIRMED
AND CLOSED UNCHANGED.
There Was Little Change i'm other
Grain NEUTRALITY-SUSPICIOUS. Were
Strong and Higher.

CHICAGO. March 1S.-Wheat opened to-
day and closed firm at substantially the
same price it was yesterday. Crop damage
reports and fear of trouble in Europe strug-
gled with u poor export and domestic de-
mand. the result being a drawn battle.
Corn closed a shade higher and oats a shade
lower. Provisions advanced 21sQ12l2c.
The opening in wheat was weak on de-
Ginning tendency. which so readily sue
ceeded the strong opening at Liverpool.
The exhibition a few minutes later OF cable
grams from Liverpool reporting the al
vance of Id there, but claiming them TO
refer TO a later hour than the subsequent
decline that was known TO have taken place
deceived a good many of those who saw
them, and were the means OF inducing buy
ing enough TO cause May 10 recover ll2c in
about ten minutes. The opening transas-
tons were over a range OF from i34c 10
1880, and the up-turn referred TO raised
it TO I44c, the price at which 1t closed yes
terday. Then the market turned weak
again, not so much on account OF news as
from the very dullncss of trade. Crop dam
age reports were quite numerous again and
of q serious character from some localities.
so serious in fact that many short spasms
of strength were intermixed with the gen.
lol MtdhlCOo u III AAiCA iiAos ~hDONN
the price had worked down to 1910. Aside
from the crop damage reports there was
little in the way of news to induce buying.
There was absolutely no demand from
abroad worthy of the name. The clearances
from Atlantic ports were again disappolnt-
ingly light. and unless Russia ana the
Danubian ports have much Increased their
shipments this week, the smallness of the
worlds shipments this week must bring The
time a little nearer when the demand from
abroad must become much more urgent.
Closing cables were firm except from Ant
werp. Chicago receipts were Is cars ana
the out-inSpection 81, 900 bushels. Minneap-
oils and Duluth got 200 cars, against ozS
the preceding Thursday and 62 q year ago.
The price tended downward until near the
close, the rallies. though numerous, being
still weakened. May got down 10 'S12c, but
1c at ST. Louis put some backbone to the
market. May advancing TO Use suddenly.
That price was paid at the close.
Corn was quiet but firm, Influenced by
the moderate receipts and the heavy clear
ances. Owing to the way In which the
corn is going out of the country shorts are
to-day. though limited, was sufficient TO
sustain prices. Exports were $4,000 BUSH
els. May opened sc lower, at 247sc. and ad-
Vanceu 10 zi$4 where II closed.
Oats were quiet and steady during the
greater part OF the session., but closed easy.
with a slight loss as compared with yester-
days last quotations.. May started a shade
lower. at ia. sold at 11A411$sc, declined
to 171sc. and closed at 17Ac. Business was
for the most part of a scalping nature, and
limited at that, the only feature being q
good cash demand.
Provisions. after dragging up to noon, i'm
proved radically during the last hour and
closed very strong. Opening prices were
generally at an advance, due TO the small
hog receipts. Little business developed dur
ing the morning and prices were practically
at a standstill. Then a sudden rush of buy
ing orders boosted prices 10 the highest
point of the day. It the close May pork
was 121ac higher, at $3.50; May lard 21ac
higher. at $i.ZI12, and May ribs 1212c higher,
at $4.S21a.
receipts for Friday are: Wheat,
q cars; corn. 165; oats. 175; hogs, 10000 head.
Leading futures ranged as follows: