The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
OATS LEAD In ACTIVITY
THEY ARE THE NEW CENTER OF
THE BULL MOVEMENT IN GRAINS.
show a Small Gain on the Day, While
other Cereals Are Weak-Hog
Products Decline sharply.

CHICAGO, Nav 9.-Board of Trade mar
kets exhibited considerable nervousness to-
day. in sympathy with the Wall-street
excitement. There was. however. some
recovery from bottom prices, July wheat
closing 2aQ7sc lower. July corn sc down
and July oats isc higher. Pork closed 25c
lower lard 2l2@5c and ribs &c depressed
Bull activity was temporarily transferred
from corn TO oats
Wheat opened with feeling OF easiness
apparent but assumed a firmer attitude
straightway. and in spite OF the bearish
items present July. having opened 1saSsf
to ssds.c lower, at 72c TO 7l7sc. and having
touched 71s4c, rallied to 72isc. This stead
ness was maintained but a short time,
when the highly sensational movement Of
stocks in New York created apprehension
among longs. Under a steady stream Of
liquidation July was forced down TO 1O3sc
during the forenoon Bears took adVan-
tage of the unloading to ride down for a
profit Their covering on the slump was,
TO a degree. due to the report of 60 loads
having been taken for export. Under this
July recovered TO 71i1c but closed rather
heavy and s.Q7sc lower. at IKE. Seaboard
clearances were 10000 bu. Primary re
ceipts aggregated $1,000 blu, compared with
$4,000 last year. Minneapolis and Duluth
reported 1S9 cars, against 247 last week
and 27y a year ago. Local receipts were
81 cars. none of contract grade.
The corn trade was comparatively tame,
the center of the bull movement in coarse
cereals having temporarily been shifted TO
oats. Prices were unsettled by the New
York furry and by a marked increase IN
The quantity of No corn in the re-
ceipts, but business in the cereal was no:
increased 10 any extent: Fluctuations I2r
q brief period during the afternoon Were
sudden. but they indicated no change IN
ne post ion of the bull party. July sold
between 46LAc and 45Ssc and closed sc
lower at 45&c May ranged between 05c
ana 5llbc closing lec higher. at 5Sc. Re-
ceipts were 81 cars. l0l OF contract grace
No sales for shipment were reported mere
but New York claimed IL loads taken for
the other side.
Oats were shade up at the start. on a
big general demand, and were more aC-
tive than wheat or corn during the early
part of the session. The market was Inc
last TO feel the Wall-street scare July.
having opened at 211zQ21$4c, advance
sharply to 271sG2Sc. On the bulge one log
let out approximately 100000 blu, and Their
was other liquidation from scattered
sources The bull party, which had for
saken corn, supported prices on the de
cline and checked il at Use. recovery
followed, and the close was hrm, with july
&c higher at 275sc. Receipts were la cars
Provisions were duh and weaker on the
stock decline and in sympathy with lower
hogs Pork was the weakest. lard ana
ribs receivirg support from packers whc
bought for delivery. July pork closed &c
lower at $40; July lard 2lsn5c doWn, az
s7s71a, and July ribs &C depI essed, at $3.50
Estimated receipts tomorrow. Nhea''
As cans corn, 325 cars: oats, 1875 cars; hogs,