The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-02-27
ALL PRODUCTS DECLINED
WHEAT CROP REPORTS OUT
WEIGHED A DECREASED VISIBLE.
Liberal offerings Depressed Corn
Provisions Dull and Weaker.

CHICAGO, Feb. 26.-Iu to-day's specula-
tive play on the leading Board of Trade
markets conditions were not materially
changed. although the tendency was
towards easier prices. Wheat closed a
shade, corn &c, oats sc and provisions no
12i1c lower
Wheat was irregular in regard to price
Traders evinced "a disposition to await
something distinctly indicative of a change
in crop conditions before assuming their
stand Outside business was conspicuous
by it's absence, and to this was due the de-
clines which followed every advance. May
opened k64c lower to unchanged, at 76sc
to 7614G76ssc Influenced somewhat by a re-
port that the Kansas wheat acreage would
be per cent larger than last year, with
the plant in excellent condition. Light
Northwest receipts and short-lived COM
mission house demand sent nervous shorts
to cover and May rallied to 76ssQ76s4c. This
bulge tempted realizing sales, and as the
trade was keeping an eye on the declining
corn market May fell off to 761sc. At this
a leading operator absorbed 5000 bushels,
bidding the market back to 761kc in so do
ing. 1t during this advance that the
visible statements were made, but the fall
ure of the crowd to follow the new leader
showed how we'll they had calculated
earlier More long wheat was for sale on
this advance and May again declined, clfs-
ing shade down at 76Ac The world S
visible, according to Bradstreet decreased
Zoo bushels during the last week. Ex-
porters reported twelve loads taken. Sea-
board clearances in wheat and flour were
263, 600 bushels. Primary receipts aggre-
gated 4l5.000 bushels. compared with 539 900
the corresponding day last year. AIinneap-
oils and Duluth reported 2l3 cars, against
962 last week and 479 a year ago. Local
receipts were ninety-five cars, none of
contract grade.
Moderate activity characterized the corn
market during the first hour, but there
after the market for this cereal ruled dull,
and, like wheat, was bounded by the pit
AT the start commission houses traded
literally on both sides of the fence, with
the scalping element working hit and miss
at whichever side seemed to offer profit
Country offerings were more liberal. though
not large. Cash trade was slow. May sold
between 411s441Ac and 4QAc and closed &c
lower, at 41c. Receipts were 653 cars, three
or contract grade.
There was a fairly good trade in oats
within narrow range of prices. May
sold between 2524c and 255sc and closed lsc
lower at 255sd25a4c. Receipts were AS cars.
Provisions were dull and weaker The
opening was steady on light hog receipts
and strong market at the stockyards
The cash demand continued among the
bullish items. and some of the early buy
ing was said to be for export, but selling
by packers overcame whatever bullish in
fiuence these facts may have had, The
close was easy May pork sold between
s14171k and sl4O7,k and closed i2lbc lower.
at s14.O711; May lard between s755G7.571 and
N.411sQ7.50. closing nc down. at S7471hGe
750, and May ribs between Sis and $7.O7la
with the close nc depressed. at s7.071k.
ESTIMATED receipts tO-mOrrow-Wheat, 60
cars; corn, 295 cars; oats, 155 cars; hogs
5000 head.