The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-04-30
WHEAT AND CORN HIGHER
TRADE TOO DULL, HOWEVER, FOR
ANY MARKED ADVANCES.
Oats Being Unsupported, Closed at N
Decline-Provisions show Small
Changes, Up and Down.

CHICAGO, April 29.-Grain traders
seemed in doubt to-day what side of the
market to spouse. Had there been any
thing worth while to the outside buying
the bullish influences at hand might have
pushed prices up for a good advance. AS
it was. the professional Spectator was too
prominent to allow a broad market, and
July wheat closed only Aa2so UP, corn "a
sc higher and oats sc lower. Provisions
closed 2l5c higher to 215c lower.
Wheat was firm and higher at the open
ing. Liverpool cables did not show de-
cided response to the break here yesterday.
Receipts were still small, and Kansas was
still sending in woeful reports of her crop
condition. Both the Northwest and South
west cOntradicted the report that farmers
deliveries were more liberal and said wheat
was as hard to buy from first hands as at
any time. Reports from North Dakota
said ponds covered many of the fields, that
acreage will be reduced and that the
ground would not be in fit condition TO plow
until the middle of May. On the other
hand rains were copious in most of the
Ohio valley. There was little squirt OF
buying at the start, but, as on yesterday
this turned to selling pressure later and
early gains were lost. Professionals, how
ever, continued to buy in the dull market
and prices reacted slightly. July opened
1sc higher to unchanged, at 7514G751sc, ad-
Vanced TO $3.50 l534c and closed firm, EGsec
up, at 75SsQ7512c. Local receipts were sew
enty-three cars, one of contract grade
Minneapolis and Duluth reported 1S5, a to-
tai Of POS, against 2S6 last week and S2y
year ago: Primary receipts were 22S,OW bu
compared with 10000 last year. Seaboard
clearances in wheat and flour equaled $780,
600 blu. The seaboard reported five loads
taken for export to France.
Fair buying by the most prominent bull
interests supported corn again to-day.
Trade, however, was dull. The outsiders
kept out of the market and the close
showed only a slight Improvement. Cables
were firm, considering our position yester-
day, but this influence was offset by hbeI al
rains in the corn country. Offerings We're
expected TO inctease in the interior, and
receipts here were slightly better OteP-
ings in futures, however, were readily taken
up at any decline. Dizziness of trade kept
prices from good advances. July sold at
641s@64Ac and closed firm, Aq$sc UP, at
334G635sc. Receipts were lbs cars.
Oats received almost no assistance from
corn or wheat The recent heavy rains
were deemed beneficial TO the sown oats,
and receipts were much more liberal than
of late. The cash demand was fair but
country offerings were expected to supply
the demand easily. Some small offerings on
the dull market caused receSslonS, ana
July, after opening steady at &c, closed
weak, CSC lower, at $3.50. Receipts were 266
cars.
A good demand for lard. especially by
packers and the firm hog and grain situa-
ton upheld provisions. There was almost
an entire absence of outside proft-taking,
though scattered selling of pork took off
much of the early gains. July pork closed
212c lower, at $17, lard 212c higher, at SlOl2l2,
and ribs a shade up, at $3.50.
Estimated receipts for tomorrow: Wheat
30 cars; corn, 70; oats, 1870; hogs. $1,000 head.
Leading futures ranged as follows.