The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-20
CEREALS TENDED LOWER
GOOD WEATHER AND LOWER
CABLES WEAKENED WHEAT.
Corn and Oats Declined in Liberal
NEUTRALITY-SUSPICIOUS. Firm, Pork
Ruling Somewhat Higher.

CHICAGO April 19.-Although there was
an excellent cash business to-day. the mild,
sunny spring weather and lower cables.
combined with some liquidation, proved the
ruling factors in the wheat pit and the
close was barely steady, hdssc under yes
terday. Corn closed 9s@$c down and oats
&c depressed. Provisions closed firm, 21zc
lower in lard to sc higher in pork.
While the mild spring weather and the
glad sunlight elevated the spirits of the
spectators and perhaps turned the young
mans fancy to thoughts of love, the effect
on the wheat market was different Weak
cables also had something to do with the
depression, and, besides. there was liqui-
dation which probably would have taken
place whatever the conditions. While the
speculative trade was quiet the cash bust
ness was excellent, 100000 blu, some of Ii
No. l Northern and some of 1t No. 2 red.
This business served to bring about a
bulge following the opening, but it did not
hold, and the close was barely steady. OF
the cash sales $1,000 bu were for direct ex-
port. New York reported thirty loads
taken for export. Foreigners were sellers
of July early. Atlantic port clearances in
wheat and flour were equal to 276,OO0 bu.
Primary receipts were 353. 600 blu. compared
with $4,000 bu last year. Minneapolis and
Duluth reported 257 cars, against go last
week and 209 a year ago. Local receipts
were eighty-seven cars. two of contract
grade. May opened ss@1ac down, at 651zq
659sc sold between 65a4c and 65Aq65ssc and
closed PC under yesterday at 65l1c. July
began the session sc to 13Q%c down, at
66sf Q667sc to &c, ranged between 67lsc and
66ssc. closing l5al5sc under. at 66a4@667sc.
The corn market was generally quiet, but
there were spurts of activity. AS in wheat,
the main consideration was the excellent
spring climatic conditions with the lower
cables contributing factor in the weak
ness. which was evident the greater part
of the session. The selling was led by
those who bought yesterday, and with
them the failure of Liverpool to respond to
the advance here yesterday was a con-
sideration. The decline early, following
loss over night of &c. was checked by free
profit-taking by shorts, but the check was
only momentary and the close was weak.
There was a capital cash business. Re-
ceipts here were 25S cars. May ranged
from 3S7sc to 3sSsc and closed 5s@s4c under
yesterday, at 3S1zc; July from 397sc to $3.50.
closing ssG&c depressed, at 3919c.
In spite of speculative dizziness and hog
market inclined TO weakness the provi-
sions market was firm. Buying by pack
ers against liberal cash sales and the light
offerings were the factors. May pork sold
between S1295 and 1910 and closed sc over
yesterday, at SIC; July between $13.12le and
$1325. closing &c up. at s1315; May lard be-
tween $3.50 and s7.221z. closing 211c down, at
81. 2212; July between S.35 and $7.321s. with
the close 212c depressed at S.321ac; May
ribs ranged from Sis to $40 and closed
unchanged. at s715d7.171a July figures and
fluctuations were exactly similar to those
in May.
The trade in oats was not important, but
the market nevertheless exhibited consider
able steadiness in comparison with wheat
and corn. The weather is perfection for
the growing area, but the country pressure
to sell was much less than of late. Re-
ceipts here were 143 cars. May ranged
from 23Ss6231lc to 23Ac and closed Ac
down. at 23Ac; July from 2Sssc to 23c, clos
ing NC lower, at 23lsc.
Estimated receipts to-morrow-Wheat, 30
cars: corn. 3e5 cars oats. 165 cars; hogs,
II. 900 head
Leading futures ranged as follows: