The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-14
PARDRIDGE'S RACE is Run
Having Escaped through Very Small
Hole in May, He Transfers TO July.
Messages All PartoOk of the Bullish Complex
ion, and the Price Of Wheat Advanced
Nearly &c, Closing at S21sc.
TRADING AT CHICAGO.
A Corresponding Rise in Corn and Pr
visions Was Scored.

A Corresponding Rise in Corn and Pro-
visions Was Scored.
CHICAGO, April 13-The elements came
to the rescue to-day. Wheat made gain
OF 2l2c and closed within quarter of the
top. at $50 for May, with Partridge. whose
doIngs attracted much diminished atten-
ton. changing trades to July to escape the
pressure for the cash article. Local shorts
seemed uneasy and covered pretty freely.
Corn and provisions participated in the
improvement. The weather was the chief
bull factor. It was cold in many parts of
the winter-whea belt. and further rains
were reported in the Northwest. putting
Back the seeding still more. Brsdstreets
report of the available supply showed de-
crease Of 2.320. 600 bushels east of the Rock
les. and 100, 900 bushels on the Pacific. max
ing q decrease of over 100000 bushels.
The morning papers had card from Stat
istician Dodge which was also construed
as bullish, as it expressed the opinion that
not more than 100000 bushels of wheat
was available for export on March IL, and
that at present prices not more than So
100000 bushels could be reasonably calcu-
make a strong market. and stimulated the
covering OF wheat and restricted the sell
ing. The soalpers seemed to be rather
bearish. and fought the advance some. but
outside buying orders were rather gener-
GUS.
The export movement was moderate. in
Guiding 3O7, 600 bushels of wheat and $4,000
barrels of flour, equal to about $4,000
bushels of wheat. May wheat opened at
sos fell to SOssc. then became strong. and
sold to 8issc. eased Oft to Sic. During the
last hour the wheat market continued to
develop strength, and May went up to
82lSc. with good deal of excitement. but
eased off later to S1l9c. then reacted to
S2l4c. and at the close was steady at S21sc.
Very well informed people claimed that
the heavy movement of spring wheat had
run its course. Receipts in the North
W vest they say d must hsnce sss1a
unless the stacked wheat threshes better
than 10 expected. The winter wheat re-
ceipts have. for about six weeks. already
been no larger than those from the small
CROP OF the preceding season at the similar
period year ago. The poor promise at the
beginning of April for next winter wheat
harvest Is not becoming any better as the
days pass A telegram from Minneapolis
reported that spring work in the country
The late private cables quoted LIVERPOOL
from Il d to Id higher and market anv6hc-
ing. There was rumor which no one took
stock in about Russian generals being or
dered to the frontier. The each wheat was
held at 10 premium and 1t was claimed that
q quarter-million bushel lot had been
worked for export. This wasnot confirmed.
The continued reports of adverse weather
and the fact that Partridge was getting in
his May and going to July made the other
ahOrta suneamiah and helnad the late adj
vance.
The opening of navigation and the close
approach of the middle of April has
brought no such improvement in the grad
ing of corn as predicted. 1t Is current
gossip that if present conditions continue
for q few days longer, corn will divide.
with wheat. the general interest. There
was some indication in the pit to-day of a
renewal of the Cudahy buying for May.
Tho upward movement of prices had few
set-backs. The market closed firm at
about best prices, with O gain of q in
May and kc in July from last night.
The oats market was a sympathetic one.
following wheat closely all day. A. S.
White operated pretty freely, buying May
and selling July. The market closed lao
higher than twentv-four hours previous.
In the provision pit, brokers stood IDLY
about. commenting on the great cattle re-
celpts. the cheapness OF beef compared
with pork. etc. The market had no indie
pendent support. Later. when wheat was
up over 20 from the opening and corn
stronger and advancing. the provision
prices were bid up on comparatively light
business. Compared with last night. the
closing is up l2bc for July pork, ,05c for
lard and .02l2c for ribs.
FreiRhts were easy at &c for wheat and
lac for corn to Buffalo Through rates.
lake and rail. to New York were weak at
l5c for flour, THO for wheat. and 7td7& for
corn. Rates on corn to New England de-
clined 1c. rate now being loo. Estimated
receipts for tomorrow are: Wheat. GO cars;
corn. IT'S cars; oats, l42 cars; hogs, 10000.
There will be no session of the board day
after tomorrow, on account of Good FRI
day. A week from Saturday the board
will vote on restoring the market quota
ton department The leading futures
ranged as follows:
Orf;ons lOr,n;nol Hiobpst To,rest /Jjne5