The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-23
WHEAT RALLIED A SHADE
ONLY PRODUCT on CHICAGO MAR
KETs TO SHOW STRENGTH.
Corn and Oats Closed Fractionally
Lower-ProvisiOns Down I'm All
Three Departments.

CHICAGO, April 21.-The markets were
all quiet to-day. Wheat was steady, clos
ing a shade over yesterday. Business was
mostly in the way of changing. Corn closed
a shade to &c down and the oats market
&c to &c reduced. Hog products were weak
and the close was 10c to l7ikc under yester-
days final figures.
Up TO II o'clock the wheat market was
quiet but steady slowly but firmly work.
ing upward under the influence of steady
cables and the firmness of corn, together
with light receipts in the Northwest. Corn,
which had been firm early. meanwhile
was working lower and this finally had Its
effect on wheat which relinquished the
bulge, retreating to the mark from which
II had started out. Shorts were the best
buyers early. They sold yesterday and the
steadiness of cables this morning gave
them cause to repent. The Southwest was
also buyer, much of 1t, however. to cover
short lines of no particular magnitude. The
bulk Of the days business was in changing
May for July, or vice versa. Most of this
business was done at spread of 11zc. The
cash business was footed up at 10000 bu.
New York reported is loads taken for ex-
port. During the last hour of the session,
which carried the market to it's high point
for the day, trade was fairly active, though
not large. by any means. Clearances. in
wheat and -four, were equal to $4,000 blu.
Primary receipts were 800, 900 bu compared
with $4,000 last year. Minneapolis and Du-
luth reported 722 cars. against 200 last week
and 791 year ago. Receipts here were SO
cars, two of contract grade. May opened
shade up at 65A@65asc. advanced to ESQ
65%c and closed shade up at 654q65%c.
July opened shade higher at 66a4 d667sc.
touched 67sc, and closed a shade up at
66s4 d66Hc.
The corn market started out firm, helped
by higher cables and the additions which
irreclaimable bulls made to their long
lines The clearances from here during the
week, 5,66i,OOO bu, largely by lake, also had
bullish look on the bulletin board. After
a time this situation played out, and the
| market not only became heavy but bust
ness as a study In inactivity became even
more near perfection than 1t had been
early Receipts here were 237 cars. May
ranged from 3SSc to 3SAc, and closed bc
down at 3SAc; July from 39ssG39s4c to 3914c
closing a shade down at 3914c AS in the
| other grain markets, there was consider
able changing, mostly of May for July.
Liquidation of May was the feature in
| the oats pit, July attaining a premium of
| &c at the close. The weather was favor
| able, the demand slack and the late east
ness of corn was factor. The opening Of
navigation will reduce stocks here 500 900
blu. Local receipts were 121 cars. May
| ranged from 23asc to 22ssc and closed sc
| down at 221sc; July from 2314c to 22A623c.
closing 1sc depressed at 227sQ2Sc.
Provisions were dull and weak. Hogs
were lower and there was continued
liquidation, which met a slack demand.
| The foreign demand for lard was called
| particularly poor, although lard stocks
| show a decrease for the week of 5000
| tierces and for the month of 10000 tierces.
| May pork sold from sl2.921z to s12 721s. clos
| ing 1712c under yesterday at s12. 7211; July
| from s13 to $780, closing 171kc lower at
| $l2S2H. May lard ranged between sos and
1924 and closed TIC depressed at $500
| July between s7.17;7 and $7.021k closing 156
1719c down at s7021a. May ribs ranged from
| s6.95 to s6.S1a and closed 15c lower at $3.50;
| July from $3.50 to s6.921s, closing 10c down
| at $685.. -
| Estimated receipts Monday: Wheat, IS
| cars: corn, 23O cars; oats. 100 cars; hogs,
| 10000 head.
| Leading futures ranged az follows.