The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-22
WHEAT RALLIED A SHADE
ONLY PRODUCT ON CHICAGO MAR
KETs TO SHOW STRENGTH.
Corn and Oats Closed Fractionally
Lower-PrOvisions Down i'm All
Three Departments.

CHICAGO, April 21.-The markets were
all quiet to-day. Wheat was steady, clos
ing a shade over yesterday. Business was
mostly in the way of changing. Corn closed
a shade to &c down and the oats market
&c TO ssc reduced. Hog products were weak
and the close was 10c to 171kc under yester-
days final figures.
Up to II o'clock the wheat market was
quiet but steady, slowly but firmly work
ing upward under the influence of steady
cables and the firmness of corn, together
with light receipts in the Northwest. Corn,
which had been firm early, meanwhile
was working lower and this finally had its
effect on wheat, which relinquished the
bulge, retreating to the mark from which
il had started out. Shorts were the best
buyers early. They sold yesterday and the
steadiness of cables this morning gave
them cause to repent. The Southwest was
also buyer, much of Ii, however, to cover
short lines of no particular magnitude. The
bulk of the days business was in changing
May for July, or vice versa. Most of this
business was done at a spread of 11Rc. The
cash business was footed up at 10000 blu.
New York reported is loads taken for ex-
port During the last hour of the session.
which carried the market to its high point
for the day, trade was fairly active, though
not large, by any means. Clearances, in
wheat and -four, were equal to $4,000 bu.
Primary receipts were 302O 900 blu. compared
with $4,000 last year. Minneapolis and Du-
luth reported 722 cars, against 700 last week
and 791 year ago. Receipts here were SO
cars, two of contract grade May opened
shade up at 6514Q652sc, advanced to 65ss9
65%c and closed a shade UP at 65A 6653sc.
July opened a shade higher at 66s4@667sc,
touched 67sc, and closed shade up at
66a4 @667sc.
The corn market started out firm, helped
by higher cables and the additions which
irreclaimable bulls made to their long
lines The clearances from here during the
week, 5,66i,OOO bu, largely by lake. also had
a bullish look on the bulletin board. After
a time this situation played out, and the
market not only became heavy but bust
ness a study in inactivity became even
more near perfection than it had been
early. Receipts here were 237 cars Nav
down at 3SAc; July from 399sa39$4c to 39l4c
closing a shade down at 39Ac. AS in the
other grain markets, there was consider
| able changing, mostly of May for July.
Liquidation of May was the feature in
| the oats pit, July attaining a premium OF
Ac at the close. The weather was favor
| able. the demand slack and the late east
| ness of corn was a factor. The opening OF
| navigation will reduce stocks here SOC. 00(
| bu. Local receipts were 121 cars. May
ranged from 293sc to 225sc and closed sso
| down at 22esc; July from 2314c to 223sG23c
| closing &c depressed at 227sQ23c.
Provisions were dull and weak. Hogs
| were lower and there was continued
| liquidation, which met a slack demand
| The foreign demand for lard was called
particularly poor, although lard stocks
show decrease for the week of 500
| tierces and for the month of 10000 tierces
/ May pork sold from s12.921a to $12. 7211, clos
| ing 171zc under yesterday at sl2721z; July
from s13 to $3.50. closing 171ac lower a.
| S12S211 May lard ranged between sos anC
| s6.9212 and closed 1712c depressed at S6.921x
| July between M1712 and S7O21a, closing 15G
| 1719c down at $7.O21k. May ribs ranged from
| $685. to s6.S715 and closed 15c lower a $3.50
| July from $3.50 10 $685. closing 10c dowr
| a. $685..
Estimated receipts Monday: Wheat, A
| cars; corn, go cars; oats. 160 cars; hogs
80 900 head. ,.s-.t-( ---fr 81
/ Leading futures rauCed follows