The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-04-09
COLD SENDS WHEAT UP
WEATHER CONDITIONS AGAIN THE
MAIN TOPIC IN WHEAT PIT.
July Closes 3-4c to Use Higher Than
Thursdays Last Prices-COrn Mar
ket Was Very Irregular.

CHICAGO. April s.-Blzzards, with Of
fetal forecast of cold wave. caused active
buying of wheat to-day. There net gain
Of s4G5sc i'm the July delivery Corn is UP
Ad&c. oats sc and provisions sc to 12l2c.
Weather conditions chief consideration
with wheat trade With storms in the West,
Northwest and central valleys. apprehension was
rife concerning farming operations Apparently
the fact that moisture was greatly needed did
a first appeal the majority of traders
The market opened firm with July shade to
4c higher at S7haS7Ac. Cables. however. were
weak. and it was lot long before sentiment
seemed to change in regard 10 the weather.
What at first regarded as bull factor be-
weakening influence. Some of the big
operators had wheat for sale the initial adj
vance principally long wheat and the
selling was done seemingly under the impression
that the situation warranted a decline. Crop
reports from two private authorities were bear
ish showing an improvement in the condition OF
growing wheat. For a time there was quite
general selling under the influence OF which
July reacted TO S6l2ds67sc.
MARKET HAS QUICK RECOVERY.
Later in the session the market had quick
recovery. cold wave predicted by the
Weather Bureau. and reports were received
stating that the temperature had dropped below
the freezing point in northern Kansas. Advices
Heavy snow was reported to have fallen in the
Red river country.
An advance of ls4c at Minneapolis helped to
stimulate the demand for wheat here, unusual
activity resulting during the last hour Jnly
sold up to SS1sc and closed strong at SlAqSsc.
at %"s s5h ssHseu 's'"ee" ''7''
Clearances of wheat and flour for the week
reported by Bradstreets, were equal TO l,so4, :
400 bu Primary receipts were 559 800 bu. against
a, holiday last year. Minneapolis Duluth and
with holidays last week and a year ago.
CORN MARKET WEAK.
Unfavorable weather for the movement caused
firm opening in corn. but there was strong
disposition TO sell the improved prices. and
with little support the market soon weakened.
The decline partly due lower Liverpool
cables and partly to the inactivity of the leading
big holder and by provision houses resulting in
rally OF nearly a cent.
On scattered selling, however, nearly all OF
the gain lost. The late strength in wheat
caused firm tone at the close July opened opened
between 5lhc and 52hc. the close was at 5lRQ
Sissc May ranged between 5S.sc and sac AZ and
with &c of contract grade.
OATS STRONG.
Oats were strong local buying and on COW
ering by shorts Weather conditions favored
higher prices. although crop reports were mod
erately bearish. Small receipts and good cash
/ demand were prominent bull factors. Strength
changed TO CSC higher. at s7AdSslsc. sold between
| 37&c and 3S%c and closed at Ss9sc. Local re-
ceipts were So cars
PROVISIONS FIRM.
An increased investment demand largely
responsible for a firm provision market. Small
receipts of hogs and late hrmness in grains were
instrumental in bringing out the improved de-
mand The market closed ed nrm with July pork
was mp lOc, at soy212, and ribs DC, at s6So
| aS