The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-03-08
CLOSING FIGURES x
CHICAGO GRAINS FLUCTUATE ALONG
LINES OF DIVERGENCE.
wheat Down, Corn Higher and Oats
a Fraction Lower-Provisions I'm
changed to q Shade Decline.

CHICAGO, March Wheat, during the
helped largely by higher cables, but yielded
later TO the lack of speculative demand.
and closed barely steady, May sc under
yesterday. May corn closed a shade higher
and May oats &c lower. Provisions, at the
close, were easy and practically unchanged.
Wheat formed a moderately active mar
ket at times, but generally both the specu-
lative and the cash prospect were bare.
resulting in a very narrow range. May
opened unchanged at 66hc and, supported
by st. Louis buying and higher cables adj
vanced to 66BG664c. An unfavorable re-
port of crop conditions in Ohio, c%onjur-
ing up visions of damages in other States
as well, received some consideration also.
Till nearly noon the market chung steadily
around 66c. Then, influences in the shape
of a break at ST. Louis. liberal receipts and
the light demand made themselves felt,
bearing May to 65%c. The close was barely
steady. May sac down at 65sqS&c. The
unusually heavy receipts of -four, 10000
brls, excited considerable interest here, but
it is said that most of the stuff was In
transit from Minneapolis. New York re-
ported fifteen loads of wheat taken for
export. Atlantic port clearances. in wheat
and flour, were equal to 2S1.W0 bu. Primary
receipts were $1,000 blu. compared with
$50. 900 bu last year. Minneapolis and Du-
luth reported 622 cars, against 532 last week
and 399 a year ago. Receipts here were
thirty-four cars, none of contract grade.
The corn market was strong nearly the
whole session. yielding a bit at the end on
profit-taking. but closing firm. The main
support was the assertion that a Balti-
more exporter had taken 100000 bu from
here within the last two days. Cables were
higher, country acceptanceS over night
were small. and on good authority 1t was
said there was an export rate of 10iac on
corn to Boston. The pit was moderately
active and a big business was done. The
some timorous ones to take their profits
while the chance existed. Local receipts
were 27 cars. twenty-seven cars over the
estimate. May ranged from 35c to 3f4c,
and closed a shade up at 35@35bc.
Oats were very dull, steady most of the
time with corn, but yielding finally with
the wheat break. Traders We're rather
hearish. because under fair conditions seed
ing will be under way soon in the South
west and increased country offerings are
lcoked for. Local receipts were los cars.
twenty-five cars over the estimate. May
| sold from 2S11c to 23%c, and closed Ac un-
der yesterday at 23asc.
The provisions pit was remarkable for
its dullness. 1t was half deserted at times
| and trades were small and far between.
There was. however just enough cash de-
mand to keep stocks from accommodating,
and this, combined with the strength of
corn, held the market steady after a fash
ion. May pork ranged from $10.6711 to 5000
| and closed 211c under yesterday at $1,000;
May lard from $50 to S5.S71z. closing UNI
changed at s5.S7h, and May ribs from $3.50
to S5.S2h, with the close unchanged at
S5.S212.
Estimated receipts tomorrow: Wheat,
40 cars; corn, 325 cars; oats, 200 cars; hogs,
| 10000 head.