The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-04-26
CLIQUE BUYS WHEAT
And on the Advance Sells IL Out
Again.

CHICAGO. April 25.-Wheat today av-
eraQed highter. but left off with decline
of lc in May and &c in July. Lynn
Champlin and some others of the heavy
local sealpers fought against any advance.
The CLIQUE bought at the opening and sold
on the advance. Corn was firm and closed
with a gain of &c. A moderate advance
was established on provisions.
In the wheat pit speculative feeling was
nervously apprehensive, and as a rule
shorts were inclined to cover and there
was considerable investment demand. Ca
bles were frmer and there was renewed
talk of foreign crop damage from drought,
but private messages from Paris and Ber-
lin denied that any damage had been in
flicted on grain, while admitting that pas
turage had been seriously shortend. The
condition in Kansas was still said 10 be
full of peril to the wheat crop. Some
good rains were admitted, but dispatches
from many parts OF the state said that the
recent freezing weather had done more
damage to wheat than the recent drouth
had.
The weather bureau also reported
killing frosts in Ohio, Kentucky and Ten
nessee, and il was thought that much
wheat must have been injured, as much OF
the crop there is in the joint, at which
stage it is susceptible of injury from frost
During the last hour wheat turned easy,
mainly on free realizing sales. which was
disappointment to the bulls. The de-
| crease Of the corresponding week OF last
year WAS ., 1906, 600 bushels There was q
| growing feeling that the clique is shifting
around in its position and is likely to drop
May and bull July. IL sold Partridge
| $4,000 bushels Nav TODAY, but immedi-
atey replaced it by a purchase OF the
! same amount for July and has done the
| same thing in many other instan ces.
! july opened about &c TO ic lower and then
| rallied 4c again, became weak and prices
| declined &c. ruled steady and the closing
was lower than Saturday. Corn attracted
| . great deal of attention, the market rul-
| ing much more active, price changes COW
/ ering wider range, with increased out
/ side interest. the sentiment appeared TO
| be a continuation Of the stronger tone de-
| veloped late Saturday and still higher
| prices were scored, extreme figures. how
ever, not being maintained up to the
close.
There was better outside demand, st.
| Louis being credited with purchasing
freely New York was both buying and
selling. Shippers bought a good deal
! early but sold considerably on the ad-
vance. The sharp demand induced many
local shorts to cover, and the offerings for
the time being eight created a very
firm market Indications of a better cash
demand and strength in surrounding
markets all tended to sustain values.
| Opening trades were at about the final
figures of the previous session, and after
selling up 3c worked back lie. rallied &c,
eased OIL 4c. ruled firm and closed with a
| gain OF !CG4c.
There was good business in oats and q
stronger feeling The market opened C
lower for May. but steady for the other
months. Good buying OF May and sell
ing of July caused it to decline from e
premium at the start to the same price as
| Nav at the close. The strength in corn
and wheat also helped the the market and
prices advanced sG1Ec, reacted la &c, and
and closed steady with net gain of !
| &c.
There was q big broad market in pro-
visions most of the session. Prices got q
very decided advance during the morning
and part of the gain was lost before l
| CLOCK. Inc greatest volume OF trade, as
well as the greatest action in prices was
on pork. The strength WAS also better
maintained in this product the strength
az the start was from the hog market.
Receipts were 5000 under the estimate OF
l200O and Tuesday estimate lighter at
$4,000 There was some outside buying
on the early market. Strong local parties
were good buyers on the advance. SteeveT
bought freely Of pork for Wright or Cuda-
ny; perhaps Wright was a buyer besides
Armour took pork and Cudahy lard and
ribs The Anglo and Durham also bought
pork Chaplin and Edwards and Chicago
packing company took lard. Packers gen.
erally were good buyers. Shorts naturally
covered stuff. On the good advance those
with profits were free sellers. When the
offerings became liberal prices went oil
quite sharply, but still held good adj
vance over Saturday as follows: Pork
from - to 81 lard from y TO I24 and
ribs &c higher for September, with the
other deliveries unchanged. Freights
were dull and easier at lc OH wheat and
1c for corn to Buffalo. Estimated receipts
for tomorrow: Wheat, $40 cars corn,
$50 cars oats, 225 cars; hogs. $4,000
The leading futures ranged as follows
Articles. Opening II chest. Lowest Closing