The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-09
ALL GAINING
GRAINS RISE BUOYANTLY AFTER AN
EARLY DEPRESSION.
eader Close mt Good Advances-Pro-
visions strong, Pork Forging Up
to Nearly Fifteen Dollars.

CHICAGO, March S.-Weakness charac-
terized the grain markets during the fore
noon. to-day, but this was followed by
a rally later. with corn. which had been
comparatively the steadiest. leading. Wheat
closed &c. corn 1zG5sc and oats bqAc
higher, while pork showed a net advance
for the day OF 37kc, lard 21kc and ribs
5Q71zc.
AT the opening the situation looked bear
ish. Liverpool reflected the slump here
yesterday, Argentine shipments were liber-
al and Northwester receipts consider
ably larger than they were the same day
last week. The weather was mild and
moist, but at this season of the year pros
poets of a freeze may be taken as almost
assured, hence the weather, if anything,
was bullish. May opened a shade lower
to hQAc higher at 75c to 751sQ75Ac. The
meager crowd of defenders of the price
was swept away by force of numbers.
and the market was pounded down to 74$
Q74%c. The decline caught stop-loss orders
under 70, all of which assisted the market
along the downward path. anw the
little clique of bulls was still fighting.
Corn, at this period, was developing consid-
| cradle strength, which came into the
w 81 PlL % q AaO $1,000
The shipping business also showed i'm
| provement. while exporters reported that
they had done a better days work than for
some days. Shorts became alarmed, but
found the market shy of offerings, and the
market recovered and rallied to 1850, and
closed &c higher at l5AQ15$sc. Exporters
reported 80 loads taken, while seaboard
clearaAces. in wheat and flour, were equal
to 1885, 900 bu. Primary receipts aggregated
652, 600 blu, compared with Cos. 600 last year.
Minneapolis and Duluth reported 424 cars,
against 81 last week and 63 a year ago.
Local receipts were 81 cars, none or con-
tract grade.
Corn was moderately active and gener-
ally steady, even when wheat was at Its
worst. There was a fair outside demand
at the opening, rejecting the injury which
the present weather Is doing TO the eleva-
tor interests. The local crowd offered free
ly, but the market yielded only a small
fraction, where it steadied. An order to
buy 10000 bu developed a bear market,
and when larger orders came into the
pit shorts ran the price up rapidly. and
the close was firm, with yesterdays de-
cline more than recovered. Shipping sales
reached a total of 200. 600 bu. May sold
between 402sc and 41hc and closed 12qasc
higher at Ale. Receipts were 329 cars, none
of contract grade.
Oats, like corn, turned upon its pursuers,
and had shorts on the defensive most of
the time, with the best prices prevailing
near the end. Receipts We're 25 cars. May
sold between 24%c and 25bc, and closed
1sMAc higher at 25G25bc.
May pork opened &c higher at s14.571a,
and bid sharply TO s14.90, at which figure
1t closed, 37l2c over yesterday. Packers
were the best buyers of lard and ribs. May
lard sold between $.55 and S1.65, and closed
! 21aQ5c higher at s7.57h, and May ribs be-
tween $7.225 and s7.25, closing 5q71ac up at
$7.25.
Estimated receipts Tomorrow: Wheat, 20
cars; corn, 800 cars; oats. 2SO cars; hogs,
4 16 600 head