The Indianapolis journal., 1904-01-14
WHEAT WEAK AND STRONG
GENERAL CONDITIONS DEPRESSING.
BUT ARMOUR BOUGHT.
Leading Sellers Were Commission
Houses-They Also Bought on Ad-
vance-GOod Corn Demand.

CHICAGO. Jan. i3.-Active support maintained
firmness in wheat to-day in the face OF number
OF depressing factors The close was strong with
May shade higher than yesterdays final figure
May corn gained %akc. oats sc and provisions
from 7Isc to 1Oc.
The pit was generally bearish in wheat and
sold the slightest provocation. AS an Offset
to this selling pressure Armour was an active
buyer throughout the session.
Before the opening Liverpool cables showed
losses while British consols were higher. The
inference was that peace between Russia and
Japan was still within the possibilities. As a
result of these influences the market here opened
easier with May 1sdS4c to hqSsc lower at S6Ss
GS7c.
COMMISSION HOUSES SELLERS
Commission houses were liberal sellers and Of
ferngs were taken largely by the prominent
bulls During the first hour the demand from
this source carried May up to S7isqS7i4c but
when the buying Iesse ned the price slowly sagged
until SsIkc was reached Liberal receipts in the
Southwest. well as at all primary points. were
factor in bringing out part Of the selling or
ders
There was good buying on the decline by a
number of commission houses and elevator inter
ests The market responded to the improved
demand and developed more frmness During
the last few minutes OF trading the hrmness
changed to decided strength on renewed pur-
chases by the big long. Closing prices were at
about the top figures, with May at slAc. =.
Clearances of wheat and flour were equal 10
23S.e00 bushels. Primary receipts were Sol 800 ou.
against 523. 800 bu year ago. Minneapolis Du-
luth and Chicago reported receipts of $50 cars,
compared with 525 cars last week and PCS cars a
year ago.
GOOD CASH DEMAND FOR CORN.
The dominating influence in corn was the small
receipts. poor grading and good cash demand.
There a good general demand the entire
day. with commission houses leading in the
buying. The selling was mainly by scalpers.
The market was a little easier at the start, in
sympathy with wheat but prices soon hrmed up
and held firm until the close
After opening unchanged 20 &c lower at 47Ac
TO 4Txc, May sold between 47kI41%c and 4Sc,
closing at 47kG4Sc. Local receipts were 26S cars.
with none of contract grade
OATS INDEPENDENTLY STRONG.
Oats were independently strong. especially the
May delivery. Commission houses the best
buyers with the selling scattered The opening
steady with May unchanged a shade
lower at 39l963ySsc 20 39esc. After selling up 70
4012c. May closed strong at that figure. Local
receipts were SS cars
PROVISIONS SHOW GAINS.
Light receipts of hogs. an advance in prices
at the yards and liberal shipments of products
maintained a strong tone in provisions. Prices
were higher at the start under the leadership
of pork and the opening gains held
throughout the day. Commission houses were
the best buyers, although packers were reported
extent. Closing prices were near the top, with
May pork up 17lzcd20c at sl3 20Ql3 22Iz. May
lard was TIC higher at 81, and ribs up 1oc al
Estimated receipts for tomorrow: Wheat, 2;
cars: corn, 2S5 cars; oats, 20 cars; hogs $1,000
head.