The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-03-28
BETTER GRAIN PRICES
DEMAND by SHORTS CAUSED AN AD-
VANCE OF A CENT IN JULY.
Quotations for May Seem to Be Safely
..Pegged" at S1.O4-PrOvisiOns
Weak and Pork 1Oc Lower.

CHICAGO. March 26.-Grain quotations
were on the up grade during the greater
part of to-day's session. Belated shorts
were forced to cover and professional trad
ers generally were working for a rally
Provisions lost considerable ground on
heavy local selling, but made good recover
les in sympathy with grain. Wheat for
July delivery closed at an advance of SQ1c
and May Unchanged May corn, 1sQAc, and
May oats, &c higher. Pork declined 71aQ
10c; lard and ribs, sc each.
The wheat market at the opening to-day
gave some evidence of having entered on a
period of convalescence from it's sickness
of the several days past. July opened AQ
12c higher and although there were plenty
of selling orders around that figure, the low
est price of the session was made at the
opening. Liverpool reported an advance of
hQ5sd, the latter in March wheat, not
withstanding yesterdays decline here. In
furious weather previously reported from
California showed no appreciate improve
ment, only slight rainfall being reported
Local receipts were 1876 cars, compared with
only seven last year, and eighty-tWo cars
of to-day's inspection were contract the
balance being transfers from irregular
warehouses. To-day'S addition to the local
contract stocks of 325000 bu makes a total
increase for the week of $780, 900 bu The Wis
IDLE supply statement on Monday is ex-
pected to show a decrease of about $4,000
bu. Atlantic ports cleared $4,000 bu wheat
and -four The strength with which the
markets opened increased as the session
progressed. The rise in stocks impaired a
buoyant tone to the speculative contingent
and belated shorts were forced to come in
May was neglected by Letter brokers, who
took all the offerings around $1O31s@1.04
closing it at the latter price July from
S23s@S21ac at the opening advanced to S24c,
sold off to S2Hc, then advanced steadily 10
S3as@S312c, closing at $3.50
Corn opened firm on large exports for the
week and in sympathy with wheat. Only
lightweight cars were inspected into store.
Atlantic exports for the day were 507, 900
bushels A large cash business was done for
export, over half a million bushels to-day
and almost million yesterday Dizziness
of trade, however, was against further adj
vance. May started steady at 25ssQ2512c,
advanced to 28s4Q2S7sc, closing at 2S9sQ2Ss4c,
compared with 2812c yesterday.
Trade in oats was fairly active, with
plenty of liquidation. Letter was credited
The cold wave predictions and the strength
in wheat caused good rally and left a
slight gain for the day. Receipts were 19e
cars, Atlantic clearances only 5000 bushels.
May opened a shade higher. at 251s02oAc,
sold sparingly at 25A@252sc, declined to
247sc, rallying to 25Ac.
Provisions were extremely weak early IN
the session heavy local selling on alleged
apbrehensonS of yelloW-fever outbreak in
the South The general bullish sentiment
attacked the pit near the close and brought
about good rallies May pork sold between
SO. AS and 1920, closing at 50. 35G9.S71s a net
loss of 71h010c May lard and ribs each lost
sc closing at $3.50 and $4921a, respectively.
Estimated receipts for Monday = Wheat,
105 cars; corn, 40 cars; oats, IT'S cars; hogs,
2,C0O head.
f1IfrI I-or1 &c