The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-05-16
CORN ON THE TOBOGGAN
GOOD PLANTING WEATHER SENT 1T
DOWN NEARLY A CENT.
Wheat Slightly Lower, but Holding
visions Active and Higher.

CHICAGO, May 15.-On firm cables, dry
weather in the Northwest and possibly too
much moisture Southwest, wheat was firm
though dull to-day. July closed shade
under yesterday. Corn closed weak. July
SIC down, and oats steady, July a shade
lower. Provisions closed firm and slightly
improved in price.
Wheat opened easy, July &c lower at
66lsQ66Ac. Rains in the Southwest were
the burden of reports which caused bear
ish feeling then, as it was figured out that
the rain would cause a high rate of NOR
tally among the crop damaging chinch
bugs. While these reports were still upper
most In the minds of traders-and they had
was very dull-July eased off to &C., 1t did
not get any lower. One Kansas report said
that too much rain had fallen. whereat the
market steadied and traders recollected
that Liverpool cables were also in favor
of better wheat price. Then reports
from the Northwest began coming In, COM
planning because no rain had fallen and OBJ
jecting to the weather map which offered
no relief. July accordingly became more
valuable In the eyes of the spectators
and advanced to 6611c. On the bulge
profit taking formed the amusement of
some, and sympathy with the corn weak
ness had its effect, July easing off. The
close was firm, July shade under yes
terday at 66Ac. Primary receipts were
$50, 900 blu compared with $4,000 last year.
Minneapolis and Duluth reported 7S4 cars.
against 305 last week and 229 a year ago.
Local receipts were 62 cars, one of contract
and flour, were equal to 600 bu.
Corn was the chief sufferer in price on
the board. The excellent growing weather
reported from nearly every section OF the
belt was too much for the market and at
one time July 1c under yesterdays
closing figures, while the close showed only
slight recovery. Liverpool was decidedly
Following the opening the market made
little attempt to stay under the leadership
of wheat, but 1t was feeble effort. The
nearness of the planting season gave rise
to fears that farmers deliveries of old
corn would soon show marked increase.
Nebraska reports predicted that the plant
ing In that State would be completed this
ferent Local receipts were 290 cars and
country offerings small. July sold between
S71sQ37Ac. closing weak, &c under yester-
DAY at 361kc-
good cash demand held the market firm
in spite of the corn weakness. Two
hundred thousand blu of cash oats
were sold here to-day. Receipts,
247 cars July sold between 21%G22c clos
ing shade under yesterday at 217sQ22c-
Provisions were quiet but firm the great
er part of the day, with some added ac-
tivity and strength at the end. Liverpool
was higher for hog products, hog receipts
were under the estimate, and prices at the
yards were firm. July pork sold between
81. 6011i.70, and closed sc higher at $lL611z;
July lard between 1921 to s6.95@6.9715, clos
ing NC higher at $6.95q6.971a and July ribs
between $6.60Q6.65, with the close PIC
and sc I'D at $685.
Estimated receipts tomorrow: Wheat.
% cars; corn, 16O cars; oats, LIS cars; hogs,
1900 head.