The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-03-31
CORN TRADE WAS ACTIVE
COARSE CEREALS STRENGTH AID
ED THE OTHER GRAINS.
wheat and Oats Scored Material Gains
Provisions Lower on Weakness
of Hogs mt the Yards.

CHICAGO. March 30.-The wheat market
was strong and fairly active to-day. in
fuenced by reports of damage from
abroad and the strength of corn. May
closing ss61sc over yesterday. The corn
market was broad and active with good
export demand, May at the close being
5s4J[c up. Provisions were active in a
jerky sort of way. but hogs were weaker
and this. together with profit-taking. de-
pressed the market, the close being 5d71sc
lower. Oats closed &c improved
April 3, election day, there will be no
session of the local board.
Wheat opened easier, because of lower
cables from Liverpool. May. Aa3sc under
yesterday. at 66IsM66ssc In a short time
the price sunk from that 10 66ssc. when the
report of damages to the French crop made
its habitual appearance. and. joined with
news of a blizzard in Austria and higher
markets at Berlin and Buda Pestb, caused a
reaction which sent May TO 67ssd671ac. The
bulge met profit-taking. which influenced
a reaction to csc. but on the break shorts
covered, taking the cue from the strength
of corn. and nearly all the slump was re-
covered, the market closing strong. May
asGIsc over yesterday at 67hG67asc. st.
Louis covered i'm enormous lots, and traders
who had sold early also made haste to
take back their early sales. materially
aiding in the strength and activity. There
was fair cash demand. but the car
scarcity interfered with the closing of
many deals. Domestic crop reports were
favorable as was the weather. Argentine
shipments were large-but no larger than
usual of late New York reported ten
loads taken for export, and clearances OF
wheat and flour were equal to l12.OOo bu
Primary receipts were $4,000 bu. (The
corresponding day last year was a hoi-
day.. Minneapolis and Duluth reported 436
cars, against $50 last week. and local re-
ceipts were Al cars. four of contract grade.
The corn market was broad and strong.
helped principally by a heavy export de-
mand. Fifty loads were reported taken for
export at the seaboard. The demand for
shipment in April was also heavy. but the
ever present difficulty in getting cars
obtruded itself and was an efficient check
on much business of this sort. Country Of
ferings were light and cables lower, the
latter condition being a factor at the open
ing, which was AMssc depressed. Local
receipts were $40 cars. Liverpool receipts
for three days were put at sc. 900 blu. so, 0OC
of II at this side. May ranged from 3Slsd
$3.50. closing 3s@izc over yesterday at 3s7sc.
Provisions were nervous, with fuctua-
| tions wide and the market altogether
| rather jerky. The opening was under yes
| terday, the consideration being lower
| prices at the yards. A small dip followed
| and the market reacted May pork shoot.
| ing up 30c to $1297H. There was a good
| cash demand, but there was also consider
| able taking of profits, which told in the
end. the close being rather heavy. May
| pork ranged from s1297is to $3.50 and
closed sc under yesterday at Sl2.70; May
| lard from $3.50 to ss40 closing 5G71zc dowr
at 81. 421s. and May ribs from S. to S.
with the close &c depressed at $3.50.
| Strength Of corn held the oats market
| firm. The trade gradually showed a bal
| ance in favor of the July option. Cash
| prices were steady. and there was some
| business done. Local receipts were Is!
| cars. May ranged from 244n24ssc to 24ssc
closing Ac up at 2i5sc:. July sold from $3.50
| 23ac to 241sc, with the close Ac improved
| at 241sc.
| Estimated receipts tomorrow: Wheat
| 81 cars: corn, 400 cars oats, 90 cars: hogs
| $4,000 head.
/ f,,tn foII