The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1892-04-20
SHAKE OUT m PORK.
Not Much of Excitement in the Line
of Wheat Dealing.
INDIANAPOLIS, IND,


MONDAY EVENING, April is.
/. ". Louis & Co.'s Chicago adyices today
were as follows:
Whsat-The greater portion of the session
today was characterized by lack Of foreign ad-
vices and little disposition OF spectators TO
trade. Local traders were watching reports
from the visible those favorng the short side
lping there would be large increase and
thus cause a decline. To us the situation is
strong and indications of a continued good de-
mend and light receipts. The stocks in the
Northwest elevators have decreased about
5000, COO bushels in the last three weeks. The
demand for cash wheat makes the poorest
quality of No. command a premium OF at
least l cent per bushel over May. Shippers md
great difficulty in executing orders, owing 10
the premium asked by holders. There IS re-
port from Paris to the New York Evening
Po { that the weather in France and England
has turned very unfGvorable. Should anything
happen TO damage the crops either in England
or the continent il would cause very sharp
advance in prices here.
Corn was strong, fairly active; with good
shipping demand holders feel confident OF
higher prices
Oats. nothing doing.
Owing to the fine condition of hogs through
out the country, reported by the government
mess pork had slump. Speculative holders
were the principal sellers, causing decline OF
about 20 cents per brl. Very little change
noted in short ribs lard. Domestic and
foreign demand was fairly good.
Wheat was irmer today at slight advance
while corn was steady and firm with q fair de-
mend. Oats were steady and in moderate de-
mand.
Receipts for the past twenty-four hours. "a
cars against total of So cars for the preceding
dav.
Wheat-Firm; No. 2 red. SEC bid; No. 8
red. S3c bid.
Corn-Duli, steady; No. white 401zc; No. 2
white, 40c bid; white mixed. 3Sc bid; No. 8
white. 3S9391lc, latter bid for one or two col
ors; No. yellow. 3sc; No. 3 yellow. 371zc; No.
2 mixed, 3Sc bid; No. mixed, SIZE; sound
ear, 3Se bid.
Oats-Dull; No. 2 white, SIC; No. white,
31c; No. mixed. 2919c; rejected. 261&@27c.
Bran-Quiet; $500.
Hay-Choice timothy, $500; No. l. sl1.5O
bid; No. .. $500; No. / prairie, 800 bid;
No. 2 prairie. $3.50; mixed. $50; clover mixed.
$500.
Rye-NO. Q 500 for car lots; 75@SOc for
wagon.
Wagon wheat-s6c bid.
On Market-HAy, timothy. S12.00G14C0;
mixed. Sl0OO@l2.OO; clover, s9.0O@11.OO; mil
let $500; shelled oats. 33935c; sheaf OATS
$l0O09l20O; corn, 40@45c
CHICAGO, April 1s.-A shake out in pork
woke things up in the provision pit today. 1t
was claimed that the government estimate on
TO holders, and when the announcement was
posted that the receipts OF hogs here amounted
to e, coo, or 10000 more than expected, there
was lively dumping TO 1886 for May. The
July price went of to $40. Recovery was very
slow until just before the close when portion
of the loss was regained. The break from
closing figures Saturday to the bottom touched
today was just 25c. A good volume OF stop
orders came out and trading was active, the
local longs also unloading. At one time
the premium on changing from May
10 July widened out 20c the packers
doing considerable business in this direction.
The market reacted in sympathy with wheat.
Lard and ribs were comparatively steady. In
the absence of foreign market sdvices bust
ness in the wheat pit averaged light. Fluctu-
atoms were confined to a moderate range till
toward The end of the session. The weakest
feature of the days happenings in
crease of $4,000 bushels IN the visible supply.
When an increase was seen TO be inevitable,
but while still uncertain in amount, the mar
ket was at its weakest, but recovered soon
after the posting OF the actual amount. Cold
wintry weather in France and England
was the latest piece OF news OF
an influential charioterg and It's COM
| ing when the market was in badly
oversold condition supplied the motive for q
lively bulge of nearly lie. A gain OF 11sc
! since Saturday was established at the close.
| Corn was Independently firm and gained sc in
/ the May future. The impression prevailed
that receipts are not likely 10 be heavy for
some time and the possibility OF increased pro-
/ portion being inspected into the contract grade
this side OF June diminished daily. Oats ruled
easy because OF raiding by bears and closed 10
under Saturdays latest figures. Freights were
| weaker and lake rates lower. The estimated
| receipts for tomorrow are 70 cars wheat, 400
corn, 325 oats and $4,000 head hogs.
The leading futures ranged rs follows: