The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-02-06
BIG PRIMARY RECEIPTS
WITH MILD WEATHER AND SNOW,
MADE WHEAT DECLINE.
Corn and Oats Closed Lower ON the
Day-ProvisiOns Redeemed the
Market by Scoring a Gain.

. CHICAGO, Teb 5.-Mild weather, ac-
companied by some of the needed snow,
heavy receipts ard the weakness of cables
ket to-day, May closing &c under Satur-
day. Corn closed &c and oats &c lower.
Provisions at the close were 5Q121zc i'm
proved.
1t was a dull day in the wheat pit, and a
comfortless one for the bulls. May opened
&c down at 6Sis@6SAc. Northwest receipts
were heavy, the weather was mild, and it
was reported that snow needed to protect
the winter crop had fallen in portions of
the belt where it has been long needed.
Liverpool eased off after an appearance of
steadiness, and Paris was depressed equal
to 1c per bushel. These conditions were
the dominant influences of the day. There
was steady stream of liquidation, and lit
tie demand either for futures or for cash.
For time following the opening the mar
ket made little struggle to hold, May rail-
lying to initial figures after touching Csc,
but the struggle was soon given up. On
the decrease in the visible, which was a
bit more than expected, May advanced
from 67s4c to 67sq6Sc, but held for only a
moment The market sold off from that
point to 677sc and closed weak. May sc un-
der Saturday at 6S5sG6S24c. Primary receipts
were 612, 900 bushels. compared with SIG.
bushels a year ago. Minneapolis and Du-
luth reported 667 cars, against 435 last
week and 621 the corresponding day last
year. Local receipts were twenty-nine
cars, two of contract grade. Atlantic port
clearances in wheat and flour were equal
to 100000 bushels.
The corn market was firm early, but later
eased off in sympathy with wheat. Trade
was quiet, but as country offerings were
small the market yielded only after Stub
born fight to the weakness of its neighbors.
Cables were higher. Receipts here were
s4S cars, heavily over the estimate. May
ranged from 332sG33llc to 31sG33Ac, closing
at the bottom, &c lower than Saturday. In
view of the heavy receipts and the weak
ness of the wheat market, the fact that the
decline was SO small was a comfort to
holders.
The trade in oats was small. The mar
ket was steady the greater part of the ses-
sion, but eaSed off near the end in Sympa-
thy with corn. Local receipts were 169
cars. May sold from 231zc to 23ssc and
closed at the bottom. 1sc depressed from
Saturdays close.
Provisions, in spite Of the weakness and
heavy realizing by longs, ruled firm. Liv-
erpool was higher for bacon and hams. The
run of hogs was liberal, but in the face
of this offerings of product were small and
the demand excellent. The main support,
it was said, came from an influential
packer Trade was fairly active throughout
the session. May pork sold from S10.S71z to
$40 9715, and closed 1Oq121zc over Saturday
at $l0.95Gl0.9715; May lard from $6.05 to
$4,000 LIZ, closing 71sc up at $50. and
May ribs from $5.S71a to s5921aQ5.95, with
the close 507iAc improved from the previ-
Gus session at $5.9215.
Estimated receipts tomorrow Wheat,
SO cars; corn. 1850 cars: oats, 800 cars; hogs.
SO, 900 head.