The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-17
SLIGHTLY HIGHER PRICES
SEEN IN ALL DEPARTMENTS OF CHI
CAGO GRAIN MARKETS.
Wheat and Corn Help Each other to n
Small Advance-Oats independent
~ 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 a
better tone prevailed. but the dragging
nature of the markets is shown by the fact
that the weeks gains were under 1c. May
wheat registered a gain to-day OF safe,
corn 1sc and oats sc. Provisions closed
71ad10c 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. a bullish Interpretation OF the Dulletln
on the French crop conditions was SHOWN
In Paris cables, and engendered stlll pei
ter sentiment here. Many views or conul-
lions, however, worked against the tone
of the market. Northwestern and primary
receipts were liberal. st. Louis was weak
and the weather was favorable. GOOD INES
were bid for at New York, but would De
taken only at declines. The trade was
taking crop damage reports with a mOdl-
cum of salt. The scarcity OF winter wheat.
which is said TO be the cause or small re-
ceiptS, it likewise is somewhat dlstruSttul
about. Manitoba Wneat or Cheaper SAducS
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 feedlng OF
wheat to stock come to hand and the bulls
have given some heed to the mutterlngs
from Oklahoma and Kansas that the plant
is liable to damage, especially In view OF
the two previous years or bOuntltul ylelu.
Under these influences prices sse-saNed
narrowly. May opened &c higher, at IsSsc.
sagged sc and then gradually worked up
ward to 7S%c. Corn played a small part In
the advance. May closed firm, sake higher,
at 7SssG7S4c. Local receipts were IL cars, one
of contract grade; Minneapolis and Duluth
reported 427. a total of AL, against 3l last
week and 459 a year ago. Primary receipts
were $1,000 blu. compared with 10000 bu
last year. Seaboard clearances in wheat
and flour equalled 3l1.00 bu.
Corn was quiet, but showed a much bet
ter feeling. Liverpool was slightly higher
in the face of our decline yesterday anu
working against the opening bearlsh senl-
ment, started May a shade higher TO a
shade Tower at 62G6l7sc. For a short time
short selling eased the market and May sold
to 61%4Q617sc. 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 uD we'll. No. 3 corn there, which re-
Gently declined to 31zc 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 Of an i'm
proved export demand and some fair buy
ing set in. May advanced TO 62Izc and closed
firm, Zee up, at 62sg6219c. Receipts were
IS cars.
Oats were professionally dull. though ap-
parently stronger at all times than the
other pits. The only feature 10 the days
business was some buying by cash people
The steadiness of corn was a help. Specu-
lators are watching the pit and appear Ia
be looking for something big to happen al
any time. May opened unchanged and sold
up we'll. dosing firm, sc higher, at 434c.
Receipts were 70 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 q
light run. showed strength. May pork
S9.52Ia. and ribs 712c higher at 1.55QS.5rkc
Estimated receipts for tomorrow: Wheat
10 cars; corn, 80 cars; pats, S. cars; hogs
$1,000 head.