The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-18
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 T.-Grain traders found
little Of interest in the closing session of
the week the Board of Trade to-day.
The influencing factors were not sufficiently
marked to induce good specula tion-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
$q1Rc lower ard oats 1sQAc down. Provis-
ions haggled idly all day and closed a shade
lower to a 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 to 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 retarding
the spring seeding. Receipts were small,
but advices from Manitoban crops stated
that the seeding had been done and that
there were still 100000 bu of stuff on
hand. Prices for Manitoba wheat dipped to
1ac under Chicago, whereas a week ago it
was 1c 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
TENDER market and covered some accounts.
Fluctuations were narrow. July opened 1sQ
Ac down to unchanged at 74Ac to 1854 15c,
and sold to 751sc Corn weakness depressed
il TO 7412c, but the close was easy, sc I'M
der at I4AQ74Bc. Local receipts were
% cars, three of contract grade; Minneapolis
and Duluth reported SO cars, a total of 112,
against la last week and ZS5 a year ago:
Primary receipts were 2S5,O00 bu, compared
with $4,000 a year ago. Seaboard clear
ances improved, wheat and flour
equaling $4,000 bu.
Conditions in corn were similar to those
in wheat. The weather was fair and the
prospects for larger receipts were much i'm
proved although to-day's cars were only
forty. The early market was fairly steady,
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%0
6l5sc to Gle, and on little support by the
leading bull house reacted somewhat, but
closed weak, sake lower, at 6l3sc.
Oats were dull and listless. Some buying
by the leaulng bulls in May options
fluence of the other grains and fair receipts,
prices eased a trifie. The cash demand was
still fair. July huctuated only Ac and
closed 1sq14c lower at S612c. Receipts were
I39 cars.
Provisions showed remarkably small
action, considering the light run of hogs
and the strong market at the yards. Offer
lngs were liberal, especially in lard, but the
buying was limited and prices showed al
most no changes. July pork closed I'M
changed at S17.S5. lard a shade up at $10.SOQ
1921 and ribs a shade lower at $970
Estimated receipts for Monday: Wheat,
30 cars; corn, 70; oats, 195; hogs, $4,000
head; hogs for the week, $4,000.
: fOllOUG