The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-17
MUCH DULLNESS DISPLAYED
The Widest Range in Chicago Wheat
Was Only from 20 81 TO so Sac.
Pardridce's Actions Result in Little Else than
Speculation, the Market Being Ruled Al
most Wholly BY Crop Reports.
TRADING AT CHICAGO.
Going Slow in Both Cers
and Provisions.

Oper ators Going Slow in Both Cereals
and Provisions
CHICAGO, April 16-Until within tf-
teen minutes of the close stupor was on the
markets to-day. Then. OF talk of very
heavy sales of cash wheat, May and July
options vent to s04c, q shade over the
Thursday price, with q drop back to S04o
as the gong sounded. Corn closed at n de-
cline of lac, compared with Thursday
night. Provisions are unchanged. Through
out the day there was but little animation
in the wheat pit, and prices ruled lower.
though the weakness was not very pro-
nounced. There was nc foreign markets;
domestic markets were all dull and lower.
and the scalping crowd was inclined to be
bearish and sold pretty freely, while
the longs, also, showed q disposition
to sell out. as if fearing further depression.
Primes weekly report was construed es
rather ~unfavorable, as it shows the devel-
opment had been greatly retarded by tho
low temperature and excess OF moisture.
and the condition was confirmed by many
private dispatches from the wlnter-w heat
belt. Cutler was a generous buyer, how
ever. of May. almost from. the start. pre-
sumably for Partridge. and this buying alb
sorbed most OF the Oiierings and prevented
much decline. 1t was generally under
stood, however, that Partridge was selling
about as much July as he bought May and
was simply changing his short interest
from May to the latter month. Receipts
for two days were liberal and helped to de-
press the market some. but the shipments
out of store were liberal and amount for the
two days to about 100000 bushels.
The export clearances from both
coasts for the week showed another
falling of. having been only 2,9l0.0 600 BUSH
els. against 1890 OO tbushels the previous
week. This has led some operators to call
attention to the recent card of Statistl-
clan Dodge. which. it was argued. assnm-
ing that we are getting rid Of less than
big surplus bound to be left over June so.
Extensive reports to King g. Co.. Toledo.
were said to show that since April 1 the
plant has made considerable Improvement
in the chief winter States. The Mccormick
Harvester Company was given as authori.
ty for q statement regarding the forw ard
state of spring wheat seeding. May
opened at 1875 SOC. sold to S0ssc O. Oft to SOC.
and at IL O'Clock was S0lsc. During the
final hour reports of big caah business In
wheat here, and charters for 100000 bush
els from New York, caused a lively upturn.
After having sold as high as S04c. realiz.
ing set In. The close was steady at l2c I'M
der the top.
Kansas. There was some doubt among
brokers whether the supposed holdings OF
Cudahy and others had been liquidated.
1t was pretty generally thought that there
was no important long or short line in the
pit. The better weather had Q tendency
to encourage selling. The movement, too.
was q little larger than for some days past.
Best prices were, near the close. In o. mpa-
thy with wheat.
Heavy receipts since last Thursday-519
cars-which greatly exceeded all eXpecta-
tions, rendered the oats market extremely
weak to-day and options closed from $50
TO l2c lower.
Provisions had the dullest day for q
month. The changes were but SC IN pork
and .O2l9c in lard and ribs all day. Outside
holders were changing from May to July q
little. Packers did not try to do business
and scalpers found no chance to trade.
Estimates for Monday are ninety cars of
wheat. $50 of corn. 21O of oats and &c. 600
hogs. The leading futures ranged as fol-
lows: