The Indianapolis journal., 1902-05-19
NO LIFE in THE TRADE
BUSINESS DULL AND ALL THE CE-
REALS CLOSE LOWER.
Manitoba Wheat Is Especially Weak,
Corn and Oats Easy-Hog Prod
ucts at Mixed Changes.

CHICAGO May 17-Grain traders found
little of interest in the closing session OF
the week on the Board of Trade to-day.
The influencing factors were not sufficiently
marked TO induce good speculation-save
some weakness in corn late in the day, that
started a shortlived squirt of activities. The
pits closed with July wheat 1sc lower, corn
$sQ1kc lower and oats 1sqAc down. Provis-
ions haggled idly all day and closed shade
lower TO shade higher.
There were both weak and strong spots in
wheat during the morning, but the advant-
age favored the former. The local crowd
was inclined 10 the selling side and COM
mission houses, after some early buying,
also turned sparing sellers. The weather
was ideal for crops save in the Northwest,
where continued rains were still retardlng
the spring seeding. Receipts were small,
that the seeding had been done and that
there were still 20000.000 bu OF stun on
hand. Prices for Manitoba wheat dipped 10
l2c under Chicago, whereas a week ago IL
was lc higher Liverpool sent no cables.
that market having holiday for four days.
London was weaker. A little better export
demand was reported and strengthened the
pit for a time. Early in the session the
spread between July and September wild
ened to 21sc, but the crowd became uneasy
over the probabilities of an oversold Sep
Fluctuations were narrow. July opened 1sW
Ac down to unchanged at 14Ac TO 1880 s5c,
and sold to 751sc Corn weakness depressed
il TO 741Rc but the close was easy, lsc un-
der at 74%474Hc. Local receipts were
20 cars, three of contract grade; Minneapolis
and Duluth reported 80 cars, total OF III,
against ia last week and Z3S a year ago.
Primary receipts were 2S5,000 bu, compared
with 10000 a year ago. Seaboard clear
ances were improved, wheat and flour
equaling 900 bu.
Conditions in corn were similar to those
in wheat. The weather was fair and the
prospects for larger receipts were much i'm
forty The early market was fairly steady,
but Kansas City and St. Louis turned
weak late and gave as the reason the much
freer offerings from the country. Ac-
ceptances of Chicago bids by the country
were bearish. July sold down from 6l&a
617sc to 6lc and on a little support by the
leading bull house reacted somewhat, but
closed weak, 3sG1hc lower, at 6l2sc.
Oats were dull and listless. Some buying
by the leaurng bulls IN May options
strengthened July new stuff. On the in
nuence of the other grains and fair receipts,
prices eased a trifie. The cash demand was
still fair. July huctuated only Ac and
closed 1s@14c lower at S61sc. Receipts were
I39 cars.
Provisions showed remarkably small
action, considering the light run Of hogs
and the strong market at the yards. Offer
ings were liberal, especially in lard, but the
buying was limited and prices showed al
most no changes. July pork closed un-
changed at s17.35, lard shade up at 10000
TO- .321z and ribs a shade lower at 1910.
Estimated receipts for Monday: Wheat,
30 cars; corn, 80; oats 195; hogs, $500
head; hogs for the week, $4,000.
Leading futures ranged as follows: