The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-04-08

were also pressed for sale at the same time.
Considerable recovery took place. but not I'M
I'll lac IN the session after the shorts had had
ABUNDANT opportunities to cover their sales of
Saturday and the early part of the day. There
was repetition in the wheat pit at the start OF
the scene enacted on saturday
Inc. No one asked over S1.O3 for May
wheat, as against s103Ss at the close of
the previous session. but buyers were
extremely scarce until il could be bought at
S1.02l5. The prime moving cause for the breakwas
the very general belief m ong the local exports
that the late bull campaign was abandoned Tor
the present and reaction from the recent adj
vance naturally 10 be looked for. The
heaviest of the local operators were Of one
accord as regards the immediate future of the
market and sold with freedom under the addl-
tional encouragement OF lower tbles and a
promising outlook for the fall-sOwn wheat on
this contnen The reCe pts in the northwest
were heavy in comparison With those of last
year. The state reports concerning the condi-
ton OF winter wheat were fattering with
the exception of Wisconsin, which said
covered with snow and ice. Spring wheat
seeding was not making any progress. but the
bears were inclined to dwell more upon the
weather which might be shortly expected than
that which at present prevailed until within
about an hour of the close and after May
wheat had worked off to $1.O2 and July from
around SlOl1 y at the opening to Sl.OOH. The
closing cables giving another heavy advance
in prices at Berlin and Paris made buying
more difficult, until finally the scare which
Dervaded the bull ranks was transferred to the
other party, and advance OF lie was
brought about in the course OF the last hours
trading. The whole of the recovery did not
stick, but May wheat closed at s1.03T. The
corn market was very weak at the
opening and trading was extremely
Irregular. Sales all the way from
67 to 66lS cents took place at the same time.
The weakness continued until wheat turned
up, but the recovery in corn did not respond to
the full advance made by the other cereal.
May sold oil 10 655s cents and recovered to 6j5s
cents, which was the price ruling at the close.
The weakness in oats apparent Saturday and
the slumpy condition OF the market at the
opening frightened the long, who proceeded to
unai. 4 decline of Il as cents in the
sample market helped the decline influences.
The market was only fairly active. May
started at 53lI oents. with few trades at 5534
cents. Thence the price weakened TO 531s
cents, fuctuAted around 5S13@53A cents and
closed steady at the top price Of the day, the
strength being due to a decrease in the visible.
The market for hog products was easier and
prices lower. Commission houses appear TO
have good deal for sale on account OF country
holders, but a fair demand sprung up at the
decline which took place in the course of the
dsy. The receipts of $1,000 hogs and the lower
pr.ees reported from the yards caused the mar
ket to open off considerably and it had no re-
action TO speak OF until the receipt OF the cable
gram advising favorable action By the German
government concerning the embargo on Amer
lean pork. That created lively sensation and
a aui, K recovery, which left prices in the end
about l71%c lower for pork and 7215e lower for
lard, but without change IN the price OF ribs OF
Saturday.
The leading futures ranged as follows: