The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-04
THE LOWEST FIGURES YET
The Mild Scare in Wheat Sprung Fri
day Disappeared Without a Kick.
Suspicious Story About Farmers Being All
Sold Out of Last Years Crop Indicating q
Disposition TO Boost Prices.
TRADING AT CHICAGO.
The Lending Cereal Touched 1880. Closing
q Point Higher.

CHICAGO, April Aft the Board of
Trade operators were always as faint
hearted as they seemed to-day. few of them
would ever make q successful deal. The
trade in every Dit faltered. almost from the
start to finish, and t%O-night's figures, COM
pared with those of last evening, make
wheat off IA c; corn, sc, and pork, $50. The
strength which characterized tho wheat
market yesterday nearly all evaporated
during the night, and hardly o flavor was
left. The sharp advance of yesterday was
not easily explained by any thing that had
developed in the situation. and the
trade seemed to feel that it was
O good place to sell on. Some
Of the tables this morning showed there
was no response to the advance here, but
on the contrary the feeling was weak.
The failure of the expected cold wave to
materIalize was also a disappointment. and
all crop advlces were quite bearish. show
ing q good outlook for the crop. Brad
streets report of the weeks exports also
had a weakening effect as it showed only
1851. 900 bushels of wheat and tiour cleared
from both coasts during the week; {. Sl4.0O
bushels for the week previous and 2. 164. 600
OuohCAo " VIC WYNN ~oSS
year.. The result of the aggregation of
bearish factors was to give the market a
weak start and finally send 1t off over o cent
from yesterdays close. The weakness
started free selling by those who had
velOped q good deal of short selling. There
was not much demand, as the great bulk OF
the shorts had been driven in yesterday.
and the buying was largely confined to
before and covered on to-day's break. Out
side markets were slow and weak, with
considerable declines reported. Partridge
was a good seller. carly. through Cutler
and others, but on the subsequent break he
covered q large lot, including most of that
sold on the bulge yesterday. May opened
at 79Ac. fell gradually to 7slac.
reacted to zoe, and at 10 o'clock
was 5saic. Before ,o, o'clock
This was on the better closing cables Civ
ing Berlin 1 mark up; Paris. 10 to so cent
ines mp on wheat and flower. Talk of o
decrease of $50, 600 to 100000 bushels in the
visible supply for Monday also helped the
late bulge. There was O sale of $4,000 BUSH
els No. 2 red wheat at s cents over May and
rumors of u round lot of 200. 900 to 500. 900
bushels No. 2 spring at 1lec premium: But
holders were cautious and sold out before
the close. putting the Nav to the lower
point of the day at ISIS 07S19c. Attention
Is being directed to the very small receipts
now coming to hand at the winter wheat
markets. Bad roads. dissatisfaction
farmers of making sure of another crop
before selling all their previous years
stock, have been advanced as reasons,
which sufficiently account for the present
small deliveries. But 1t is argued there
may be another and a more important rea-
son which lies behind those more obvious
intluences-the farmers may not have the
wheat. The combined receipts of Toledo.
ST. Louis and Detroit, yesterday. were I'M
der $4,000 bushels. compared with 65.5OO
bushels on the corresponding day OF last
year. and the total aggregate receipts this
week at the three points named amounted
to f2l2,111 bushels. compared with 35l.-
6S7 bushels for the similar period
said to be from high authority, remarks
that the wheat In farmers hands in the
State of Illinois is not to exceed 112 per
cent. of their last years crop. Stocks at
of the week of l, 100. 600 bushels, and at Chi
cago stocks are expected TO have increased
100000 bushels. The visible supply, ao-
cOrding to current estimates. should show
O decrease of about $50. 600 bushels. Pard-
ridge was q large buyer of wheat to-d.y,
covering his big sales on yesterdays bulge.
In corn the receipts were less than ex-
pected, and did not include a single car of
q depressing effect. and 1t was also rumored
tina the clique was selling q good deal of
corn through Schwartz-Dupec. Baldwin
| Farnum and other houses. and there was
8 drop of nearly 1c. May opened 1sc
lower. at 40sc. and went off steadily to
| 39Ac, reacted some. and Mt IL O'clock was
| 1880. 1t reached 39asc during the closing
hour, bot omit with sellers at S9lse
A light scalping trade was carried on In
oats. The weather and the condition of
the other markets were the only influences
| of consequence.
There was disappointment in the pro-
vision trade because the stocksdld not show
as mnoh decrease as many had been look
ing for. That and the depression OF grain
circles were the reasons assigned for the
heaviness. The best prices Of the day were
made at the start. and very little recovery
from the lowest prices prevailed at the
close. The leading futures ranged as fol-
lows: