The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-16
SLIGHTLY HIGHER PRICES
SEEN IN ALL DEPARTMENTS OF CHI
CAGO GRAIN MARKETS.
Wheat and Corn Help Each Other to n
Small Adyance-Oats Independent
Iy Strong, Provisions Dull.

CHICAGO, Feb 15.-Bulls in the grain
markets had slightly the better end of the
argument to-day at the end OF another dull
and uneventful week of speculation. Yes
terday's small losses were made up and
better tone prevailed, but the dragging
nature of the markets is shown by the fact
that the weeks gains were under &c. May
wheat registered a gain to-day of sake,
corn 1kc and oats sc. Provisions closed
71zd10c higher.
Higher cables and predictions of smaller
worlds shipments occasioned a slightly
better opening in wheat but the charac-
ter of the trading was of the same poor
sort that has been manifested for the past
two weeks. Most of the business was slow
and confined TO the local crowd. Outsiders
kept out of the market to a marked de-
gree. bullish Interpretation of the bulletin
on the French crop conditions was shown
in Paris cables, and engendered still bet
ter sentiment here. Many views Of condi-
tons, however, worked against the tone
of the market. Northwestern and primary
receipts were liberal, St. Louis was weak
and the weather was favorable Good lines
were bid for at New York. but would be
taken only at declines. The trade was
IdhltlS CIOp uduldSc AtpOlIS WIN a %AAON'
cum of salt. The scarcity of winter wheat,
which is said to be the cause of small re-
ceipts it likewise is somewhat distrustful
about. Manitoba wheat or cheaper grades
of the spring variety have been used dur
ing the week for export, and this gave put
little assurance to the bulls. On the other
hand constant reports of heavy feeding OF
wheat to stock come to hand and the puils
have given some heed TO the mutterlngs
from Oklahoma and Kansas that the plant
i- lob TO don .
the two previous years OF bountltul ylelo.
Under these influences prices see-sawed
narrowly. May opened &c higher, at lS9sc,
sagged 1sc and then gradually worked up
ward TO 7S34c. Corn played small part In
the advance. May closed firm, $sd12c higher,
at 7S5sG7Ss4c. Local receipts were IA cars, one
of contract grade; Minneapolis and Duluth
reported 427 total of AL, against 5Ol last
week and 459 year ago. Primary receipts
were 527,000 blu, compared with SO2,VO bu
last year. Seaboard clearances in wheat
and flour equalled 3l1,OO0 bu.
Corn was quiet, but showed much bet
ter feeling. Liverpool was slightly higher
in the face of our decline yesterday and
working against the opening bearish senu-
ment started May a shade higher 10
shade lower at 62d615sc. For short time
short selling eased the market and May sold
TO 61%G617sc. But some of the local crowd
helped the market by buying. The South
western markets seemed still in control
and were the influencing factor. St Louis,
which had been turning bearish was hold
ing up well. No. corn there, which re-
Gently declined to 312c under May, was
reported back to the level of that option.
On the other hand cash stuff here was Of
fered more freely and at reduced prices
Late In the day there was talk or an I'M
proved export demand and some fair buy
ing set in. May advanced to 6212c and closed
firm, 19c up, at 62SsQ62l2c. Receipts were
IS cars.
Oats were professionally dull, though ap-
parently stronger at all times than the
other pits The only feature to the days
business was some buying by cash people.
The steadiness of corn was a help. Specu-
lators are watching the pit and appear to
be looking for something big to happen at
any time May opened unchanged and sold
up well, closing firm. sc higher, at +3S4c.
Receipts were % cars.
Provisions had a small trade. though with
a better tone. The market lately has hinged
on the size of hog receipts and to-day on
light run. showed strength May pork
closed 1Oc higher at S15.97}2; lard l21sc up at
50 500. and ribs NC higher at $S.55QS.571Ac.
Estimated receipts for tomorrow: Wheat
10 cars: corn, 80 cars; oats, So cars; hogs,
40 900 head
Leading futures ranged as follows: