The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-27
UP A CENT AND A HALF
WHEAT BULGED ON THE NEWS
FROM FOREIGN MARKETS.
Corn Was Easier on Freer Offerings,
but Oats and Provisions Were
Strong and Higher.

CHICAGO, Jan. 26.-The wheat market.
inspired by higher Liverpool and Paris
cables, cold weather and confirmation of
Rosario plague rumors. was active and
closed very strong; May 11zc over yester-
Gay. Corn closed shade depressed and
oats sc up. Provisions at the close were
211d71sc improved.
With Liverpool up I'D and Paris adj
vanced 31sG37sc. local bulls were almost
embarrassed by their riches. The session
opened with May wheat 9sQ7sc over yester-
days close. at 675sq677sc. The strength OF
the English market was due principally to
the abandonment of Spion kop; that at
Paris by fresh reports of damages to the
crop. On profit-taking by traders the mar
ket sold off to 6719q6l5sc, where reaction
was caused by the buying of shorts, May
advancing to CSC. Trading which up to
this point had been active, became fairly
quiet with the price alternately depressed
by realizing and advanced by the covering
or shorts, lowering between 67s4Q677sc and
GSc The arrival of fresh reports of dam
ages to the French crop and cable saying
that Rosario had been ordered closed for
ten days on account of the bubonic plague,
caused heavy purchasing by shorts. The
cold weather without snow was also a con-
sideration. May advanced to 6S1zc, at which
1t closed, 11hc over yesterday. During the
last hour business animated Com
mission houses bought heavily Tor foreign
interests, one concern, ii was reported, sell
ing fifteen loads for export. Primary
ceipts were $4,000 bushels, compared with
642, 900 bushels last year. Minneapolis ard
Duluth reported 362 cars against 81 last
week and 4S6 year ago. Receipts here
were fifteen cars. one of contract grade.
Atlantic CiParanGRS wheat
were equal to $4,000 bushels. New York re-
ported five loads taken for export.
The days story of the corn market might
have been different in view of the strength
of wheat, had not country offerings become
freer. Acceptances to bids over night, how
ever, were so much more liberal than mas
been the case recently that considerable
selling by shipping people and others re-
suited, giving the market tone OF easiness
bordering on weakness. AT the opening the
market showed a little gain in sympathy
with the neighboring pit, but for a moment
only. Business was rather quiet. Local re-
ceipts were 209 cars. May ranged from 3314q
1850 to 33c, closing a shade under yesterday
at 33bQ33Ac.
The oats market, quiet early and disposed
to be easy, became more active later and,
influenced by the strength of wheat, a fair
shipping demand and moderate receipts-206
cars here-turned firm and closed firm.
May ranged from 23Aq2S15c, closing at the
top. 1sc over yesterday.
The provision market was strong and
higher in spite of the liquidation by inter-
ests which till to-day We're buyers Re-
ceipts of hogs under the estimate and
higher prices at the yards, together with
sympathy with wheat were the influences.
Trade was rather quiet. May pork sold
from SLOTS to s10.S5. and closed TIC over
yesterday at S10.s21aQ1S.S5: May lard from
$6.0211 to $685. closing 21z45c up, and May
ribs from $5.7719 to 1924 with the close
71ac better at S. S2h
Estimated receipts to-morrow-Wheat, %
cars; corn, 2l5 cars; oats, TO cars; hogs,
IL, 900 head.