The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-15
SMALL GAIN IN WHEAT
BULLIsH ILLINOIS CROP REPORT RE-
SPONSIBLE FOR STRENGTH.
Othcr Grain Held Firm All Day. with
No Change i'm QuOtatiOns-PrO-
visions show Advances.

CHICAGO March 13-Wheat closed the
weeks trading the up grade and with
an advance of CSC from yesterdays close
The market started weak as usual. but the
rather sensational Illinois crop report
strengthened il very suddenly. Corn and
oats were firm. but with particular
change in prices. Provisions advanced 212u
l0c.
Wheat opened with all the symptoms of a
decline which have become SO familiar 10
pool of I'D per Genital Notwithstanding yes
terday's advance here caused this market
TO open weak. and had it not been for the
Illinois State crop report, which was pub
lished to-day the market might have con-
tinued the down grade. 1t was great
surprise TO the trade TO be informed that
Is per cent of the entire area seeded in the
State had been winter killed and that in
many counties the entire area seeded Will
be plowed up. That started prices In the
other direction Immediately. Trades i'm
mediately at the start were made in May
at from 72Isd125sc, as compared with 727s4
73c at the close on Friday, but ii was only
a minute or two before 73lsc was being
paid 1t reacted again to 1212c, and from
that reached 73Ac oil the next stretch. and
after another reaction to &c ii went up TO
73iac in few swift and lively bounds The
weeks clearances of wheat and flour from
both coasts as reported by Bradstreet were
equal to 1.599.4S2 bushels, compared with
100000 bushels the week before and 2,4ol.-
600 bushels the corresponding week OF the
previous year. Argentine shipments were
only 2l6OOO bushels this week, compared
with 1.024000 bushels the CORRESPONDING
week of the year before. The Chicago re-
ceipts were - cars. against So year ago,
and Minneapolis and Duluth reported only
100 cars. compared with 541 last year Inc
small receipts were aScr1Deu 10 the
blockadeG condition of roads, ana there
fore did not attract so much attention
as they would otherwise have done Dis,
patches from Nebraska also mentioned
damage to wheat in that State from winter
killing. and the pit kept on the boil during
the greater part of the short session 81.
Louis was even stronger than Chlcago. IN
dicating that more credence was placed IN
the reports than here. New York reported
four boatloads of wheat sold early In the
session for export and atterwadr s ON IN
cago sold 10000 bu for shipment to domestic
millers. The market closed strong at
314q738sc.
Corn was firm all day, helped both by
wheat and much smaller receipts than eX-
pected. Trade was well divided and the
| range of prices was narrow; Exports were
S7S. 600 blu. May opened unchanged at 24asc,
fuctuated between 24l4c and 24ssGAi2c,
closing steady at 24ssc.
shade higher all day. There was a good
demand from shorts. trading being in
1Uenced by the upward trend of wheat
Weekly clearanceS were 591 900 bu. May
| opened 1c higher at 171s@17l4c. sold TO Use
and closed at the opening price.
The market in provisions was almost a
| repetition of yesterdays. Another small
| run of hogs started prices on the upturn
| and with the exception of a slight reac-
| ton immediately after on some realizing
| the market ruled firm all day. Packers
were liberal buyers. At the close May pork
was 1Oc higher at $500. May lard 212c higher
| at S4.25 and May ribs &c higher at Si.6212.
Estimated receipts for Monday-Wheat,
| IL cars; corn, 10 cars; oats, 200 cars; hogs,
| % 600 head.