The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-04-01
Produce MARKETS.

CHICAGO, March 3O.-The visible supply of
grain as reported for the Board of Trade is as
follows: Wheat, 22,764.000; decrease. $4,000;
corn. 29Ss coo; increase, II 1000; oats, 500 600;
decrease, 1000; rye. 471,0C0; increase, u 600;
barley, 1.325,0O0; decrease, $4,000 The spec
ulative trade strongly in favor of higher
prices and opened with immediate advances
for all tho leading commodities. The tone
thus early impaired was maintained through
out the session, but a considerable advance
over the prices paid Immediately at the start
which subsequently occurred was afterward
dropped so that the gain in the end did not ex-
coed that secured on the first brush. So far as
wheat was concerned fine prospects for the
com ng crop IN this country were arrayed
against the damage already done
tine crop in EurOne and the days
ports were strongest in the latter
particular. May opened &c higher than il
closed Saturday, and at once advanced &c
more. The cause OF the opening bulge was not
at once ascertainable. Easter Monday is a
holiday abroad, 60 there were no cable market
reports; the weather here was rainy, which
furnished arguments on both sides, aud north
western receipts were liberal. Later il
learned that private dispatch from Antwerp
quoted the market there stronger, and the first
bulge was attr buted TO that, An advance of
about 1c on such slight foundation was con-
sidered too much by the bears and they at once
began selling, with the result that = c was
knocked of the prices. 1t was remarked, how
wonderful elasticity and rebound to
1t after every slight drop, and
It soon became known that the
Antwerp dispatch referred To was not the only
piece OF foreign news at the bottom OF the ex-
celient buying. c. A. PillsbuTy, the Mime
apolis miller. had private cablegram quoting
the stocks at Odessa down 70 a low ebb Russian
farmers unwilling sellers and o considerable
damage TO the Russian crop; and prominent
house received London dispatch describing
the English crop as being backward and the
weather there frosty. In addition to the fore
going news free loading OF wheat at San Fran
cisco for export was reported and another jump
70 the highest point OF the day followed. The
opening price for the May delivery was S1.04I
and il advanced to Sl.041% then declined 20
S1.04 gradually, reacted to 81 .0425 before max
ing its greatest break to $1.O3A. 1t then adj
vanced to $l-O5 IN an Irregular way and broke
20 Sl.04l4. The free real zing of
profits on early purchases was chiefly respons-
ible for the setback to prices toward the close.
The corn market was strong ana nervous. Ii
started at anywhere from Csc to 6S5sc for May,
but weakened and sold off to 672sc. There
was a very irregular range in the subsequent
fluctuations, but the feelings OF strength devel-
oped at the opening was tor the greater part
of the day fairly maintained. There vas a
squirt in the latter half of the session which
took May up to 6314c. This was caused
By the scarcity of the cash offerings
compelling one of the heaviest local
users of corn to buy from the elevator stocks at
lie over the price current for May delivery. The
July future did not respond 10 the extreme
bulge in May. but also ruled firm and &C.
casiOnaly strong. The transactions of oats
were very light; the demand was urgent and
there was nothing of consequence for sale,
hence an advance OF TGl3c was recorded be-
fore the trade became general. Values were
fully lc higher early when there wss consider
able realizing which caused corresponding
decline. The anxiety of the shorts to cover
turned the tide the other way for time, but the
close was weak with prices 3sGJ%o
higher than Saturday. The provision mar
ket was excited by the advance in the price Of
hogs reported from the stock yards. The prices
paid were very irregular bu. higher. Commits
sion houses found it very difficult to execute
orders satisfactory under the rapid running up
and down of values. May pork opened any
where from s12.S5 to S13. IL sold of S12.771%
and again advanced TO $3.50 and closed at
$l2.s5. Lard and ribs were equally irregular
and excited. but closed with tie greater part Of
the early bulge lost.
The leading futures ranged as follows