The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-04-22

week, was continued today, but its influence
was chiefly confined to wheat. Corn and oats
sympathizsd with that cereal to some extent,
but the dealers in provisions we're inclined to
run their affairs independently. The result OF
the days trading was advance OF lie for
May wheat and 25fc Tor July. at the close.
compared with the closing figures Of Saturday.
The greater appreciation in the price OF the
July option would seem to indicate
terest in May has been liquidated.
In fact the trading In that month gave place in
the volume Of business done 10 the July option
after the trading got fairly under way. Cables
received before opening were strong. Country
markets were dearer, Liverpool 15(g34d higher,
and cargoes were a shilling higher at London.
May started at Sl.13 and touched Sl.12lI mo-
meDtarily. the result of sales by holders who
had a profit in sight; but brokers fortified with
buying orders from New loTk for that option
and their bidding on the failing OF belated
shorts at once put the price to S1.15, the high
est figure touched on Saturday. Then 1t was
discovered that the New \ orkers had played
sharp dodge and that they were disposing
of their previous purchases at the adj
vance. In the meantime the New York
men were quietly az work in the July option,
picking up such lots of il as they could get
hold OF without exposing their tactics. July
did not ct once follow the advance In May
and the trade, therefore. began TO sell IL. They
soon found that the eastern people bad ADJ
sorbed all that the local crowd had sold. This
caused a decided sharp rally. Before 1t had
entirely subsidized Leopold Bloom began selling
enormous quantities of july. ). V. White x
Co. and others acting for eastern account abb
sOrbed al the offerings. The market did not
break. Another rally followed and the highest
prices of the session were made. The May
future did not keep pace with this rise. July
wheat started at Sl.1O sold TO $l.l09L.1l24, to
S1.103{ and TO SLIP, all before 1880 May,
when deserted by the eastern contingent, sold
from $1.15 down to S1.1S1E. Later, on strong
cables, il rallied to S1.14l5, and lacking
support from the shorts. settled back to
$1.131&. but recovered 10 $l14 before the close.
An enormous quantity of May wheat was
sold today by Hately Bros. who were pre-
sumably acting on foreign amount. When the
closing cables came in July wheat sold up to
Slips and May TO Sl.14H. The cables quoted
wheat at Paris 45955 centimes and -four so
centimes and franc. 20 confines higher.
Berlin was 2,d3k marks up on wheat Lon
don is higher on flour. The market was I'M
settled and nervous at the close. Corn was
relatively much more quiet than wheat. The
range OF prices was generally downward,
though rather higher figures were made at the
start. Hutchinson sold rather freely, but other
larger operators seemed TO be fighting shy o.
IL. July was the active speculative month. IL
started at 67l &C. sold to 691s - and was OF later
TO csc. Oats followed corn. Hutchinson
was, in corn, the principal seller.
Trading in provisions was dull and
fluctuations covered but narrow range. At
the close pork n small fraction under Sat
urday's closing figures. Lard showed very lit
tie change hut ribs Tor May delivery were SC
lower and 2lEc lower for September.
The leading futures ranged as follows: