The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-12
STEADIED BY LIVERPOOL
WHEAT RECEIVERS SLIGHTLY,
CLOSING AT sIxTY-EIGHT FLAT.
Corn Is n Little Higher and Oats Tn
changed-Provfsions Are Again
ut High-Water Mark.

CHICAGO, Jan. 1.-THE wheat market
was steadied to-day by the Liverpool adj
vices and the firmness of provisions, May
closing 1sQAc over yesterday. Corn closed
&c up and oats unchanged. Final figures
in provisions were 10Q12kc up.
Liverpool administered a snub TO the
local wheat market to-day, showing
advance, although there was loss here
yesterday. Not further to offend her best
customer first prices in the pit here were
a shade over yesterdays close. May at
67s4@677sc. The market was not a broad
one and fluctuations were narrow the
greater part of the time. There was a
fair demand early and as offerings were
not large the market rallied to 6Sq6Slsc.
On selling against calls this was lost, May
receding to 67ssq67Ac. The strength of pro-
visions had steadying effect. The strength
of corn was also an influence. Except
ing some activity at the opening the ses-
sion was dull. There was no Improvement
in the cash demand nor in the demand for
export. Cash bids were up &c, but bust
ness which otherwise might have been done
was shut off by a lack of cars. Shorts
covered near the end of the session, prob
ably influenced as much as anything by
uneasiness over the South African situa-
ton. May closed firm 1s9Ac over yester-
day at CSC. New York reported ten loads
taken for export. Seaboard clearances in
wheat and flour We're equal to 100000
bushels. Primary market receipts were 1884,
600 bushels, against $4,000 last year. Mime
apolis and Duluth reported All cars, COM
pared with $40 last week and Az year
ago. Local receipts were "a cars, none or
which graded contract.
Corn was firm and though generally
dull, showed little more activity than
has been the rule recently. Support came
from the strength of provisions and the
small country offerings, which influenced
most of the buying. The elevators reported
1T almost impossible to make purchases
West at present figures. Receipts here were
Az cars. The shipping demand was slow.
May ranged from 33@331sc to 1850, closing
Ac over yesterday at 33AG33ssc.
Oats were firm in sympathy with corn
and provisions. The speculative trade was
light, New York being the best buyer. Elk
port bids were Ac up, but between the
rail rates and the car scarcity little bust
ness was accomplished. Local receipts were
Isl cars. May sold from 237sG24c to 24Q241sc.
closing unchanged from yesterday at 24c.
Provisions were strong and active the
greater part of the session, prices again
touching the high mark established last
week. Interests which sold out In the hope
of a greater break joined with shorts in
buying. There was also a good outside
demand. The strength was based on hog
receipts-under expectations-and better
prices at the yards and cognizance of the
fact that deliveries on January contracts
are still very small. May pork ranged
from slO.S715 to s10.971sq11, closing at 121sc
|>over yesterday at s10.95; May lard from
$595 to sos, with the close 121sc up from
last night at S6Q02laQ605; May ribs from
So 721k@5.75 to $5.S21a, closing 10c UP at $3.50.
Estimated receipts to-morrow-Wheat, 5O
cars; corn, 44O cars; oats, ITO cars; hogs,
80 900 head.