The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-26
INCREASING THE BULGE
CEREAL MARKET CONDITIONS RE-
sULT IN ADDICT STRENGTH.
Wheat Up n Cent and Corn a Cent and
"A HaIf-Oats Higher and Strong,
and Provisions Rising.

CHICAGO. April 25.-The grain and pro-
visions markets were strong to-day, the
former helped principally by higher cables
and a good export demand. Wheat closed
| AQ1c higher; corn 12sQl1sc better and oats
&c improved. The markets for hog prod
ucts, at the close was from 719c to 15c
higher.
Wheat began the day fairly active and
firm. Liverpool was strong. receipts were
moderate and there was a good demand
from foreigners. Moreover the pressure
from longs seemed to be past. Offerings
were light and there was a fair amount of
buying by commission houses. This caused
a gradual advance which was helped along
forcefully by the great corn strength and
the close was very close to the top. Shorts
covered freely throughout most of the ses-
sion. A feature of the trade was the ease
with which the market responded to bull
influences, and the absence of bearish
pressure, despite the perfect climatic con-
ditions, even Michigan, Indiana and Ohio
reporting prospects somewhat improved.
The cash business here was slack, although
some other markets reported a fair spot
trade. Local shipments were 10000 blu. New
York reported 80 loads taken for export.
Atlantic port c~learances, In wheat and
flour, were equal to 67s, 5000 bu. Primary re-
ceipts were $685. 900 bu. compared with $4,000
bu a year ago. Minneapolis and Duluth re-
ported 260 cars, against ISL last week and
292 the corresponding day last year. Re-
ceipts here were AZ cars, none of contract
grade. There was the usual amount OF
changing done during the day, especially
towards the end. May opened AQ%c over
yesterday at 651AQ659sc. sold between 65kc
and 661kc, closing &c improved at &C; July
opened sole up at 67sQ674c. ranged from
671sc to 677sc, and closed 1c higher at 61%c.
Corn was strong and active throughout
the day, but the trade was not large-of-
ferings were too small for that. Many
held that it was the leading deal on the
board, but the greater part of the time
honers seemed to be easy between the big
cereal and wheat. The market was partly
the result of the recent heavy buying by
bulls, as there was little LETT to absorb.
For such as was offered there was a
scramble between longs and shorts. with
the latter the more urgent In their de-
mands. There was a brisk demand for
export, and the days cash business was
Appropriated at 800, 900 blu. New York had
e5 loads for export and the domestic de-
mand was excellent. Considerable May
was traded for July, principally by elevator
people. Influences were strong cables, Liv-
erpool being stronger in both spots and
futures; light country offerings and small
receipts, and rains which were reported 10
nave delayed seeding and interrupted the
movement in various sections. Local re-
ceipts were 265 cars. May ranged from
3Ssc to 39%c, closing 119c improved at 3SAc.
July sold between 1850 and 403sc, closing
lssc improved at 40Bc.
Oats were firm, helped by corn and wheat.
Shippers reported the demand improved,
LIS, 900 bu were worked here. Local receipts
were rs cars. May anged from 22s to 231ac,
closing 15c over yesterday at 23Ssc; July
from 23Ac to 23%c, and closed 1c up at Z9sc
G23%c.
TIL corn strength was the principal fac.
tor in the hrmness which was displayed
in the provision market. There was not a
large trade and Notwithstanding prices
were higher, the feeling was rather bear
ish. Hogs were strong early, as were
provisions, but weakened and were temper
arily followed by products. The depression
was overcome by the corn strength, shorts
covering. July pork sold from $12.65 to $3.50,
and closed 17Rc over yesterday at $l2.S713Q
2.90: July lard from $7.07hQ7.10 to s7.25.
closing 15c improved at s7.25, and July ribs
from 81 TO s7.071aQ7.1O. with the close nc
up at $7.07Hq7.10.
receipts tomorrow: Wheat,
40 cars; corn, 100 cars; oats, 40 cars; hogs,
25, 900 head.
leading futures ranged as follows: