The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-25
ALL GRAINS ARR STRONG
CEREALS HELPED ny SETTLE
MENT OF TELEGRAPH DISPUTE.
Advances in Wheat, Corn and Oats i'm
a Moderate Mnrket-PrOvisions
Weak, Especially May Pork.

CHICAGO, March 23.-An agreement
whereby the dissemination of quotations
VIII be great facilitated, creating visions
of increased business, had a stimulating
effect upon the grain markets to-day, al
though business generally was quiet. May
wheat closed BdAc, May corn sc and May
oats 1sQ4c higher. Provisions endured
further liquidation, and May pork declined
COO. May lard 21sc and May ribs nc.
The wheat market was a featureless af-
fair. May opened unchanged TO &c lower
on good weather and liberal Northwest re-
ceipts. Bears, however, were weak-heart-
ed, fearing TO run into an ambuscade. They
were inclined, like the rest OF the crowd,
to play even over Sunday in view OF the
turn affairs in China might take. When
reports that the quotation difficulty had
been settled were confirmed shorts covered
moderately, and with the additional as
sistance of the corn strength May gradu-
ally advanced to 16Ac, and closed 1sq14c
higher at 76isN 76Lc. There was a moderate
amount of changing both ways In July and
May at 1-l6c 10 lsc difference. Ii was be-
lieved that the settlement Of the boards
differences with the telegraph companies
would result in much outside business
which has been turned from this market
since the quotations were shut off. A re-
port from southwestern Kansas said the
"ll1c1k AA tatat h11kAOAN Z N
cellent, even better than a year ago. when
a bumper crop was raised. The weather
in the Southwest was said TO be all that
could be desired. The Australian wheat
crop was officially estimated At 10, 500, 600
bu, or about 2Js 900 bu more than the pre-
vious crop. Exporters took nine loads.
Seaboard ciesrances in wheat and flour
were equal to 437,0 900 bu. Primary receipts
aggregated 6I0.00 bu, compared with ca, 000
last year. Minneapolis reported 1913 cars.
against 36 last week and 535 a year ago.
Local receipts were sixty cars. none of
contract grade.
Corn opened firm and continued to gain
strength for an hour. Receipts were mod
crate. and while the weather was favor
able for an early resumption of farm work
was expected to prevent increase in the
proportion of contract corn. There was a
good outside as we'll as local trade. but
while the pit numerically seemed equally
divided the bulls were the more aggressive.
The heavy cash sales which were reported
during the day had a strengthening effect.
May sold between 41LG41$sc and 41%c, and
closed ssc higher at 41Ssd414c.
Oats were dull but firm with corn, and
on an improved shipping demand, which
caused covering. May ranged between 275sc
and 25c and 251sc, and closed kMLc up at
25kc. Receipts were $50 cars.
Provisions were easy, but, except in pork,
the losses in price were not very material.
May pork opened unchanged at SIC and de-
| clined under liquidation TO $l5.3O, closing
under yesterday at $3.50. May lard closed
2lkc lower at $7.ST2, and May ribs 719c down
at $7.S5.
Estimate receipts for Monday: Wheat.
| so cars; corn. 24G cars;'oats, 2O5 cars; hogs,
Q. on head