The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-05-15
CROP DAMAGE REPORTS
THEY IMPARTED A STRONG TONE TO
THE WHEAT MARKET.
Wheat Closed Higher, Corn I'm
-Provisfons Made Small Gains.

CHICAGO, May 1.-THE grain and pro-
visions markets were all quiet to-day.
Wheat, helped by firm cables. dry weather
in the Northwest, crop damage reports and
a decrease in the visible. was strong and
closed 1k9%c over Saturday for July. July
corn closed unchanged and July oats &c
improved. Provisions at the close we're a
trifie better.
Wheat gave evidence of firmer tone
at the outset, opening shade up for July
at 65s4 Q657sc and advancing shortly after
ward to 66Q66hc. Around 66c the offerings.
which had been small under that figure,
became more free and the price dropped
back to 65s4c. AT this stage of trade the
news of influence consisted of higher ca
bles. reports of backward crops in Ger
many and France and frost in Austria,
with domestic advices of fly in Illinois.
dry weather I'm the Northwest and chinch
bugs in Kansas. The reports of bugs came
in from different sections during the whole
session and were q strong influence in de-
termining the course of the market The
decrease in the visible of 2,204OOo bushels
announced later in the session was also
factor in advancing the price of wheat.
and when July again touched &c holders
still chung to their lines and that market
continued on its upward course, touching
e6Ac The close was strong, July 1aqssc
over Saturday, at 66A@66ssc. Worlds ship
ments for the week decreased 1.6T,00O
bushels. while the amount on ocean pass
age loomed up 1l2o,oOc bushels greater
than the previous week. Russian ship
ments fell off 500 900 bushels. Primary re-
ceipts were $4,000 bushels compared with
$4,000 last year. Minneapolis and Duluth
reported 32S cars against 354 last week and
$40 year ago. Local receipts were thirty
seven cars, two OF contract grade. At
lantic port clearances in wheat and flour
were equal to $4,000 bushels. New York
reported nine loads taken for export.
Corn was a meek and lowly follower of
wheat, travelling a narrow path and ex-
citing little interest. Gables were lower
and were reflected here at the opening by
a shade reduction In July from Saturdays
final figures, but receipts We're light and
country offerings small. The shipping de-
mand was fat shippers averring that the
to the front There was some further SELL
ing which looked like the tail end of some
long line, but there was not much of it,
Crop reports and the weather were favor
able but the wheat strength acted against
these and other bearish influences with
sufficient vigor to prevent any loss in
prices. Receipts here were 161 cars. July
sold between $3.50 and S7ss@S714c. closing
Trade in oats was mostly local and fur
nished nothing of interest or Importance.
Corn was the influence. July sold between
21Ac and &c, closing &c over Saturday
at &c. Receipts were 153 cars. Crop re-
ports generally were favorable.
The provision market was quiet and
strong all day, helped by higher prices for
hogs and a good demand for lard and ribs
| from packers. July pork ranged between
| $11.571s and s11 67lz, closing sc over Satur-
day at $1l.621h; July lard between s6.S711
and s6.921z, closing n shade up at $6.s71z@
| $50, and July ribs between s6.5711 and $685.,
with the close PIC improved, at s6.57ls0
GO.
Estimated receipts to-morrow-Wheat, 50
| cars: corn, 3l5 cars; oats. $50 cars; hogs,
"a 900 head.