The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-01-30
MARKETS AGAIN HIGHER
BULLIsH CONDITIONS PREVAIL AM
GRAINS MOVE UPWARD.
Oats Regain All Their Recent Loss
and Corn and Wheat Are Strong
Provisions Also Are Higher.

! CHICAGO. Jan. 29.-There was a return
of bull conditions and bull feeling 10 the
/ grain markets to-day Nervousness, re-
sultant upon the raid in oats seemed to be
dissipated, and all markets closed near ton
prices. May wheat gained 1hd1Hc, corn
l3sq2c and oats 2AQ23sc. Provisions closed
| 121kG271zc higher.
While the trade I'm wheat was not so
brisk as in corn and oats, the volume was
greater, and this pit became the leading
speculative market. General bullish condi-
tons prevailed. Gables were much higher.
though there was no advance here yester-
day. There was a report of fair export
business, and the Southwest had bought
well of red winter wheat Northwestern
and local receipts were very small and local
offerings were scant. Coarse grains were
well up, especially in the Western markets
Commission houses had very good buying
orders, and scalpers were the only ones
who sold early. May opened &c to sc up
at 7S1sq7S2sc and mounted steadily, with
but slight setbacks, to 79c Kansas City
reported little movement of wheat to mar
ket, because interior mills were paving
higher prices. Even on the advance there
was an absence of selling pressure in the
trade. May closed strong, 11sd1Ac higher,
at 7S5sQ79c Local receipts were only s
cars 1 of contract grade Minneapolis
and Duluth reported 169 a total of III,
against S16 last week and 299 a year ago.
Primary receipts were $4,000 Blu, compared
with $4,000 last year Seaboard clearances
In wheat and flour equaed 353, 600 The sea-
board exported $50 loads.
Inc strength in corn was the prime infiu-
ence on the board to-day. Traders had a
fn ina
bullish sentiment. Gables were higher:
there were reports of foreign buying; the
Arsentlne crop was said to be damaged,
ana local receipts were small Kansas CITY
messages declared that after Feb / that
market would not be able to get more than
5o cars day, and that present consump-
lngs were very small and the cash demand
there good. May opened firm, 1bc to nc
fHl 1sc- and sold up with hardly break to
St7.54ge2Sc: The, The close. was strong, 175Q2c
higher, at 62&c. Receipts were 50 cars.
oats traders settled down again TO the
bellef that the pit was solid for the time
being at least Liquidation by outside
holders seemed over, and all the weakness
due to the recent forced sale of a Kansas
City traders long line seemed TO have been
overcome. At the outset prices were firm.
ana commission houses had good buying
orders. The provision crowd sold early,
and for a time kept prices down, but the
other markets were strong, and the an
parent desire on all hands to buy soon
brought good jump. May which opened
nc TO l1sc up, closed very strong having
made up all its recent loss. The net gain
was 2Aq2ssc, at 44hc. Receipts were "a
cars.
Markets for provisions gained material
strength from grains, though there was a
natural frmness from the light receipts !
and better prices at the yards Short COW !
ering also helped in the upward move Nav |
pork closed at top prices, 2713c up, at |
Sl5.s5; lard, l5c higher, at s9.471k, and ribs |
1212c UP, at s. 471R
Estimated receipts for tomorrow: Wheat. |
20 cars; corn, SO; oats 40; hogs 1900 head |
Leading futures ranged as follows: