The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-12-14
DEFEAT OF THE BRITISH
IMPARTs A STRONG ZONE TO THE
CHICAGO GRAIN MARKET.
Light Receipts Helpful-Wheat. Corn
and Oats Are Higher and Pro-
visions Are Decidedly Strong.

CHICAGO, Dec. 13.-Wheat was firm to-
day, supported by a good export inquiry,
light receipts and higher English markets.
May closed 1a@%c over yesterday. May
corn closed &c up. n May oats I'M
changed. Provisions ruled strong on a good
investment demand and liberal outside
business. May pork closing 15Ql71kc. May
lard 5G71zc and May ribs TIC better.
British reverses in South Africa. by stim-
ulating the Liverpool price. were. Indirect
ly, a supporting influence to the wheat
market here. Receipts continued light. and
the combination of these two factors re-
suited in a firm tone to the market at the
opening. initial figures for May. 6eA96s%c.
being AQ%sc over yesterdays close. The
holiday dullness was upon the market, and
scalpers took pronts at every opportunity.
the high plane which was the solid basis of
the price throughout being occasionally
fractionally indented by their operations.
The close was strong, May up 1kQMc over
yesterday, at 6s14QesSc. New York re-
ported fifteen boatloads taken for export.
Atlantic port clearances. in wheat and
-four, were equal to 4S6,500 bushels. Pri-
mary receipts were 613,lV0 bushels. against
1.oO6, 200 last year. Minneapolis and Duluth
reported 3S9 cars, compared with S29 last
week and 76 a year ago. Local receipts
were 81 cars, III or contract grade.
Corn held steady, helped by the strength
of wheat, a fair shipping demand and the
small offerings from first hands. The mar
ket was quiet and fluctuations were mar
row. The seaboard reported a fair export
demand and cables were up. C~learances
were III, 100 bushels. and receipts here 24S
cars. The Illinois State report makes the
crop 259. coo. 600 bushels. May ranged from
32%c to 327sc. closing &c up. at 327sc.
There was practically no business in
oats, but the market, such as 1t was, chung
closely around 24c for May, a mark from
which there has been no important depart
ure for weeks. There was little shipping
demand and Western offerings were decid-
edIy small. Clearances were u. 600 bushels.
Local receipts were $50 cars May closed
unchanged from yesterday at 24c.
Provisions We're strong, and. at times,
quite active. with plenty of traders in the
pit. Relatively, there was more trade In
tins pit than in any other. The opening
was at a gain and the advance which fol-
lowed was maintained till the close. Com
mission houses We're in the market, with a
plenitude OF outside orders, and local bulls
ADDED materially 10 their lines as an in
The demand for products was
estimate a fact to which the market owed
some Of its strength. Western receipts
were considerably under last years. Nav
pork ranged from $10.271k to SO. 421h, and
closed 15T1T1zc over yesterday, at SIC. 3715d
1910. May lard from $50 to $.671z. closing
5nTzc ~. at S.65d5.67i5. and May ribs
from S.R to $50. with the close nc bet
ter. at $50.
Estimated receipts for tomorrow
WheaI 40 cars: corn. $50 cars; oats, 137
cars; hogs, 81. 900 head.
leading futures ranoaH oC folr1u-..