The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-03-30
UP TO THIRTEEN DOLLARS
MAY PORK TOUCHED THIS FIGURE,
BUT RECEDED A QUARTER.
Wheat Down n Shade, but Corn Was
Higher-May Oats Unchanged, with
the July Futures Rising.

CHICAGO, March 29-Wheat was excited
to-day, tossed about by conflicting influ-
ences which in their turn held away. but
the close was barely steady. May a shade
under yesterday. Provisions were strong
and full of virility. May pork was up at
enc time 521kc. but closed with nearly half
of this gone. May lard closed 2lka5c down
and May ribs NC improved May corn
closed shade higher and oats unchanged
for May and 1s@14c Up for July.
The wheat market opened unchanged
from yesterday at 667sd67c, and then. be-
cause Liverpool was not up so much as
expected in view of the advance here yes
terday and because some private messages
cast aspersions on the truthfulness on
yesterdays reports of damages to the
French crop. sold off to 665sc. At this dis
couraging stage of the session New York
made an upward squirt. fearing war as an
out-growth of the difficulties existing be-
tween Russia and Turkey and the local
crowd of shorts covered in some alarm.
A report from Duluth of heavy export de-
mand assisted i'm the bulge, as did the
strength of provisions. May rallied to
6714c, but failed to hold 1t, although fur
diction of earlier ones, reasserting that
the damage in France was serious. There
was considerable profit-taking at the top
and shorts apparently took a calmer view
of the Turko-Russian situation, for May
sold off to 66Ac and closed barely steady,
a shade under yesterday at 663sc On the
advance the pit was excited and at other
times rather nervous. New York put the
export business for the day at twenty
loads. Clearances in wheat and flour were
equal to $4,000 blu. Primary receipts were
$4,000 blu. compared with $4,000 year ago.
Local receipts were forty-two cars. none
of contract grade Minneapolis and Duluth
reported 1876 cars, against 7OS last week and
$50 a year ago.
The provisions market repeated its ex-
hibition of strength and excitement to a
crowded pit. Hogs were higher at the yards
and receipts of hogs small. This, combined
with the heavy outside demand and the
frantic efforts of shorts to cover In a mar
ket where offerings were light, caused a
swift advance. May pork was the main at
traction. This option opened 17IaQ25c over
yesterday at $2.6Sql2721s. and in a wild
price since 1895. On the bulge there was
heavy profit-taking Some interests took
profits on the whole list. Lard suffered
more than pork and ribs In this maneuver.
Pork lost only part of the advance, clos
ing 271kc over yesterday at s1275. May lard
ranged from $685. to So. 421a. and closed
2la@5c lower at s6471kQ6.50, and May ribs
from $3.50 to $780, with the close NC up at
500.
The corn market was less active than
wheat, and did little better than holding it's
own, although the export business was put
at 100 loads, and provisions extended an in
fluence of strength, while cables were
strong. There was good buying, but there
was also plenty on the market which
tended to equalize matters. Local receipts
were 446 cars Clearances were 41i. 900 bu
May ranged from 3Sasc to 3Sssc, closing
shade over yesterday at 3sasG3S1lc.
The oats market was firm, with July in
somewhat better demand than May. Trade
was without much feature and quiet. May
ranged from 24asc to 241kc. and closed un-
changed at 24ssc. July sold from 23aac to
24c closing 1sQAc improved at 237sc.
Estimated receipts tomorrow: Wheat,
45 cars; corn, 345 cars; oats, 160 cars; hogs,
1900 head. ~