The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-03-07
ALL CLOSED AT THE TOP
GRAIN AND PROVISIONS ADVANCED
ON AN ACTIVE TRADE.
Early Hour Uniformly Dull, with Bull
Features Developed ns the Days
Business Progressed.

CHICAGO, March 6-The prediction of
cold wave. higher spot market at Liver
pool, firmness in northwestern markets and
talk of export business were supports in a
fairly active wheat market to-day, May
closing %@kc over yesterday. May corn
closed nc and May oats 1sc up. Provisions
were dull, but closed a trifie improved.
When the day opened in the wheat pit
there was bare prospect-nothing of in
fiuence either way-and accordingly May
wheat opened unchanged from yesterday at
65ssc. So dull was the situation that the
attempt Of discouraged long to dispose
of 100000 bu of wheat. which went In the
course Of an hour through a score of small
hands, sent the price of May to 65lsc. At
this point the signal service prediction of
cold wave and the Liverpool advance in
spot wheat came as a tonic which impaired
firmness and moderate activity. Shorts, led
by st. Louis interests, covered, and May
rallied to CSC. On profit taking, which met
the bulge. 651sde5Nc was touched. but the
market rebounded, receiving further help
from a report of good export inquiry at
New York. the firmness Of the Northwest
and a pessimistic view of crop conditions
in some sections.
May rallied to 661sc and closed strong $40
1kc over yesterday at 66a6s1sc. Atlantic port
clearances, in wheat and flour, were equal
to 415.Ooo bu. New York reported fifty loads
taken for export. Primary receipts were
100000 bu, compared with $4,000 bu last
year. Minneapolis and Duluth reported SGT
cars, against 592 last week and 551 year
ago. Local receipts were sixty-six cars.
two of contract grade.
The corn market was strong and mod
erately active. Country offerings were very
small and receipts light, and apparently
the recent attempt to break the market
had been abandoned, for the gain shown
in opening figures found few sellers, and
shorts were disposed to cover. Elevator in
terests were buyers. and there was a fair
demand from the country in which reports
of heavy cash business done yesterday
was a factor. Receipts here were I'll cars,
eighty-nine cars under the estimate. May
ranged from 3iIac TO 35c and closed at the
top, &c over yesterday.
The strength in corn lent enough of it's
| influence to the neglected oats market to
incline that very dull cereal towards firm
ness. The only sign Of life in that humble
pit was little improvement in the ship
ping demand. Local receipts were 463 cars,
| 1SS cars over the estimate. May ranged
| from 23ssc to 23zc and closed 1sc over yes
\ terday, at 2312c.
| The provisions trade experienced the dull
| est day in very dull fortnight, but the
declining tendency due to weak hog mar
| ket and poor demand was checked by the
strength of corn, and the close was steady.
| May pork sold from sl055 to s1062h and
4 closed sc over yesterday at s10.6211; May
| lard from s5.S5 to $5.S71a, closing 211c up at
4 S5.S7i5, and May ribs from s5.7712 to S5.S2lla,
with the close 2lkc improved at s5.s21k:
| Estimated receipts tomorrow: Wheat,
IS cars; corn, $50 cars; oats, 140 cars; hogs,
| 81, 900 head.