The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-18
WHEAT DULL AND HEAVY
MAY AND JULY OPTIONS LOST 5-sc A
BUsHEL AT CHICAGO.
3-S to 1-2c-POrk and Lard High
er-Rfbs Shade Lower.

CHICAGO, April 1.-THE wheat market
was dull and heavy, Influenced by the corn
break, increased liquidation. the rains and
a slack demand closing Sc under yester-
day. The corn market dropped 1c from its
price at the close yesterday and oats lost
asahc. Provisions closed irregularly. pork
l71zd2212c up; lard nsc higher and ribs
unchanged to 212c down.
Wheat began the day dull and easy.
There was no encouragement in cables.
the rains continued TO be regarded as fav-
orable to the crop and cash people reported
nothing doing. The long stuff soon began
to come out more literally. part Of 1t be-
cause IL had to be sold, and some in SYM
pathy with the slump in corn. At times
the pit was wellnigh as gloomy
the weather to the pedestrian without an
umbrella The liquidation was not in large
lots but the small lots came in plentifully,
meeting anything but urgent demand.
The excellent report of the condition of
the crop in Kansas was probably a con-
sideration with some, for while there were
differences of opinion as to the size of the
crop, reasoning from the Official figures as
to percentage and acreage. 1t was generally
admitted that 1t would be liberal. Brad
streets figures, showing a decrease in the
worlds visible of 2,373000 bushels. caused
momentary check in the decline-but only
momentary one. New York reported
% loads taken for export Atlantic port
clearances in wheat and flour were equal to
Az, 900 bu Primary receipts were $4,000 blu.
compared with 1900 last year. Minneap
| oils and Duluth reported 27 cars, against
| SSS last week and ia a year ago. Local
receipts were 81 cars, one of contract grade.
| May opened shade lower. at 665sQ66a4c
and sold down to 66hc. closing at that
| figure, &C under yesterday July opened
| a shade down at Csc to 6I3sc, sold down
| to 672sG6711c, and closed Sc depressed at
6712c.
The corn market was dull and weak.
| The demand in every way was slack and
| the fear developed yesterday that the
rains would retard seeding and moving the
present stores was apparently forgotten
During the first hour the feeling was
heavy, but there was almost nothing doing.
| At the end of that time the long stuff be-
| gan to come into the pit and as the liQui-
dalton was continued the remainder OF the
| session, though in rather small lots, the
price suffered. Liverpool was strong. but
| this was reflected In the local market at
| the opening by a gain of only a shade.
| Receipts here were 606 cars. May ranged
from 39a4c to $3.50. and closed weak. lc
L
/ 405sc to 3914c, and closed lie down at 39Ss4
| 3915c
There was a continuance of that May
1 liquidation in oats which has been under
| way for several days, and helped by the
| weakness around 1t, the market closed
| weak. The cash demand was slow. May
| sold from 23tsQ233.c to 23Ac, and closed
| &c lower at 23kc: July from 23asc to 23c,
| closing 1sc down at 23lsc. Receipts here
/ were go cars.
There was a big provision trade. the
| feature of which was pork. Hogs were
/ higher and receipts only 1900. There
was a good general demand and shorts
saw fit to cover. Lard and ribs relin-
| quished their early gains, but closed
| steady, while pork. although there was a
dip from the early bulge. recovered and
| closed strong May pork ranged from
| s12. S21z0l12.S5 to s13.o5 and closed 22Rc over
yesterday at s13; July from sl3O2h to
| S13 221k, closing 7l1c up at s1315 May lard
| sold from 81 to $40. and closed 212c i'm
proved at s7.3O; July from G32ls to Si7lsd
$50, closing 21ac better at $73711 May ribs
| sold from s7.20 to $3.50. and closed un-
changed at s7.22la; July from S171aq1.a
to s735. with the close 2ihc lower at S.3
| a72211.
Estimated receipts tomorrow: Wheat
IS cars; corn, go cars; oats, 145 cars; hogs
| $1,000 head.
Leading futures ranged as follows: