The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-28
LIVERPOOL WAS IGNORED
FRENCH NEWS AND DOMESTIC BULL
FACTORS CONSIDERED.
wheat and Corn Strong and Higher
Oats Closed Lower and Provf-
sions at a Small Advance.

CHICAGO, April 27.-There was a change
of sentiment 10 the bull view to-day and
the news was encouraging to that way of
looking at the wheat situation. Wheat
closed 1kG%c higher. corn h@Ac to A@asc
I'D and oats unchanged TO bdAc over.
Provisions closed 2hc to 10d1212c higher.
Trade in all the pits was rather quiet.
with spots CT activity in wheat and corn.
The wheat market opened Ease over
yesterday, because of higher cables from
Liverpool and the smaller Argentine ship
ments. which showed a decrease OF over
IA. 900. 600 bu last week. There was a shift
ing of sentiment apparent early. and 1t
grew as the session progressed. The talent
has been bearish for months and very
much disposed to hearken to Liverpool.
Also, they were saturated with the oft-re-
peated reports of the wonderfully good
condition of home crop prospects. To-day
the talk was thai Liverpool had been
wrong on cotton and that it did not seem
to show a proper respect for the American
market fluctuations. Accordingly, consid-
Grafton was given 10 the poor showing of
Indiana, Ohio and Michigan, and the prob
ability of Is per cent. of a crop In these
States discussed: the report of the hessian
fly in Illinois was listened to seriously,
and the reports that apprehension over the
dry winds in France was felt in that coun-
try and that Argentine arrivals from the
interior were lessening were given due con-
sideration. The result was a firm if quiet
market. There was considerable changing
at 1850 difference between May and July.
The shipping demand was slack and the
export inquiry poor, New York having but
five loads for export. Atlantic port clear
ances in wheat and flour were equal to
414.00 bu. Primary receipts were 247, 900 blu,
against $4,000 a year ago. Minneapolis
and Duluth reported 27 cars, compared
with 262 last week and 296 a year ago.. Lo-
cal receipts were twenty-nine cars, two of
contract grade. May opened at 65S@65Ac.
sold between e5%c and 661sc n closed 10
sc over yesterday. at 65%a66c; July opened
at 67AG671ac, sold between 67B@671ac and
67%c. closing Adssc up, at 6714@675sc.
The corn market was quiet but firm. A
good business was DONE. but it was with
out special feature. Liverpool was higher
on her small stocks. Argentine shipments
were smaller. country offerings were light
and there were some reports of delayed
pldlllin6, dlluouSh tlt ain nave ScleIdHE
ceased. Receipts here were 2O2 cars. May
ranged from SsHqSs%o to 4oa4Osc and
closed sake higher. at 39%d39%c. July
ranged from 4014m40%c to 40A64O%c and
closed h@%c higher. at 407kc. The easing
from the top was on profit taking. The
cash demand was moderate.
The liquidation of May was the feature
in the oats market. There was a good de-
mand for cash and 150. 900 bu were taken
for shipment. At the bottom there was
fair buying, which had a steadying effect.
and the close was steady. May ranged
from 22%c to 231sc and closed 4mAc lower,
at 23c; July from 23k623Nc to 23%c, closing
at 23hc. Receipts were 126 cars.
Provisions were quiet. the main demand
being for lard. Hogs were easier, which
had a depressing effect early. but a good
general demand developed later and the
wheat and corn strength was a help under
which the market steadied and closed firm.
July pork sold between $12. TN and s12. 921a
and closed 214c higher, at 1925 71s; July lard
between $40 and $40, closing 10G121ac i'm
| proved. at S7371a. and July ribs between 81
and s7.121a, with the close 211G5c higher, at
81 10G7. 121z.
Estimated receipts to-morrew-Wheat, %
cars; corn, 1T5 cars; oats, 40 cars; hogs,
5000 head.
II oo54,r f-t,roc ror.a1 ne folY1r.