The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-24
ALL GRAINS ARE STRONG
CEREALS HELPED BY THE SETTLE
MENT OF TELEGRAPH DISPUTE.
Advances in Wheat, Corn and Oats in
Weak, Especially May Pork.

CHICAGO. March 23.-An agreement
whereby the dissemination of quotations
will 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 lkdAc, May corn sc and May
oats hGAc 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 1sc lower
on good weather and liberal Northwest re-
ceipts. Bears, however. were weak-heart-
ed, fearing 10 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 76Ac, and closed BQAc
higher at 76ha76Ac- There was a moderate
amount of changing both ways in July and
May at Lice to sc difference. 1t was be-
lieved that the settlement of the boards
differences with the telegraph companies
would result in much outside business
winch mas Deen turned from lnlS market
since the quotations were shut off. A re-
port from southwestern Kansas said the
wheat prospects in that section were eX-
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 otficially estimated at lie. 800, GEO
bu, or about $4,000 bu more than the pre-
vious crop. Exporters took nine loads.
Seaboard clearances in wheat and flour
were equal TO $4,000 blu. Primary receipts
aggregated 670,W0 bu, compared with 642, 900
last year. Minneapolis reported 1913 cars,
against $40 last week and $50 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 well 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.
Receipts were $40 cars, q OF contract grade.
MAY sold between 41Adi1%sc and H%c, and
closed Ssc higher at 4l3s041%c.
Oats were dull but firm with corn, and
on an improved shipping demand. which
caused covering. May ranged between 27Sc
and 25c and 251sc, and closed isQAc up at
251bc. Receipts were 1870 cars.
Provisions were easy, but, except in pork,
the losses in price were not very material.
May pork opened unchanged at SIG and de-
clined under liquidation to 1880, closing
under yesterday at $3.50. May lard closed
21ac lower at $1.S712, and May ribs 71Pc down
at $7.S5.
Estimated receipts for Monday: Wheat,
so cars; corn, 24O cars; oats. 200 cars; hogs,
$1,000 head.