The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-02-05
NO DISTURBING FACTORS
WHEAT HELD STEADY ON A FRAC-
TIONALLY LOWER RANGE.
Corn Strong i'm the Face of Very
Heavy Receipts-Oats Unchanged
and Provisions n Shade Lower.

CHICAGO. Feb 3.-Wheat was easy,
early in the session, on disappointing
cables, but some buying by foreigners,
somewhat better cash demand. apprehen-
sion over crop conditions and sympathy
with corn later counteracted this, the mar
ket closing firm, May sc under yesterday
Corn was up on light country offerings
and damage reports from Argentina, May
closing A@2sc higher. Oats closed I'M
changed and provisions 5d10c lower
The serenity of the wheat pit was not
disturbed throughout the session by any
thing startling. Early news-Liverpool
and Paris both lower and the export de-
mand tame-was disappointing to the bulls,
May opening &c under yesterday, at 661s@
6SAc Traders sold and the price quickly
recetIed to 6SG6Sikc. This was followed by
a reaction which gradually worked May
TO 6S5sc That foreigners. in the face of
lower cables. were buyers here was regard
ed as significant. Apprehension over the
extent of the damage done the French crop
was felt, and many were uneasy over the
condition of domestic fields after the cold
snap. The visible was expected to decrease
nearly 100000 bu. There was some cash
business done and the strength of corn
was inspiring. The result of this informa-
ton was that the early short sellers were
compelled to buy back early lines at adj
vanced prices. The market closed firm,
with May only &c under yesterday, at 6Sss
Q6S1ac. Primary receipts were 100000 blu.
compared with $4,000 bu last year Mime
apolis and Duluth reported 347 cars,
against 2S9 last week and COZ a year ago.
Local receipts were twenty-six cars, none
of which graded contract. Atlantic port
clearances, in wheat and flour, were equal
taken for export.
From early easiness, induced by large re-
ceipts-665 cars here-and sympathy with
the opening decline in wheat. the corn
market turned strong and held it's gains.
Small country offerings and a report that
the Argentine crop had suffered for want
of moisture were the chief factors There
was no selling against the liberal receipts,
which also aided the price Trade was
fairly active the greater part of the ses-
sion. Local interests were good buyers
and a good shipping business was trans
acted May ranged from 80 to 1850 and
closed 1sGAc up, at 33AQ3Sssc.
good cash demand and sympathy with
corn held the oats market steady, but
trade was ratner quiet Local recelpts
were 203 cars. May ranged from 234sc to
231l9G235sc and closed unchanged, at 2312c.
The provision market opened lower, as
hog receipts were 5000 over the estimate
and prices at the yards were depressed.
Liverpool was higher for products, how
ever, and there was some outside demand,
which held the market steady to the close.
May pork sold from $1,000 to s10.S5 and
closed 10c down, at $10.S5; May lard from
$6.05 to $6.021a. closing sc depressed, at
Sc. OH, and MAY ribs from IS 80 to $o.S5, with
the close &c lower, at IS. S5q5.S7
Estimated receipts iIonday-Wheat, IS
cars; corn, SIS cars; oats. 160 cars; hogs,
1900 head.