The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-04-19
THE CLIQUE READY TO SELL
However All Efforts to Induce Shorts TO
Buy Nay Wheat We're Fruitless.
Stocks of Contract Have Increased 650, 900
Bushels in Week. and the Total supply
Now Reaches II, 907 900 Bushels.
TRADING AT CHICAGO.
Corn Closes q Trile Higher, Oats Lowe
and Provisions Higher.

Corn Closes q Trile Higher, Oats Lower
and Provisions Higher.
CHICAGO. April 1S.-The Jonah on
Change to-day was May wheat While
every thing else had quiet session and left
of at about last nights prices. May wheat
appeared about ready to jump overheard.
Nobody seemed to care very much. The
clique brokers had considerable May for
sale. but as shorts covered up pretty gen.
orally on yesterdays break. there was q
rather meager demand and weakness ruled.
prices going off &c from yesterdays close.
The interest seems to nearly all have gone
out of May. 1t is said there IL In some
quarters still o large short interest but it
is By such men as Armour and they show
no anxiety about it. Having bought or
contracted for wheat to fill their
May sales. they still intend to deliver it
to the clique-not because it can be done
cheaper than to settle. but because the
arrangement was made when the CLIQUE
was arrogant and confident and cannot
now we'll be changed. There Is still good
deal of diversity OF opinion as to what the
clique has in view. but the general idea Is
that IL is playing to catch another batch of
short sellers and pluck them as before.
The crowd Is cautions and inclined 10 let
May alone. Business in July as spasmodic.
being active at times and then having
long seasons of dizziness. The early tend
ency was weak on reported rains In Kan
sas and over the Southwest. But 1t was
soon explained that the rainfall had been
very light with none at all In western
Kansas, and there was q stronger tone.
Logan, ChampliD. kennett, Hopkins,
Schwartz-Dupee and Edwards bought free
ly, which gradually sent prices up little.
On the hard spots the clique brokers sold
freely and prevented an advance. The
stocks of contract wheat have increased
$4,000 bushels during the last week. and
are now II. 907. 900 bushels. Private cables
from Paris report dry weather injurln <
wheat in France. The market closed slow
but steady at 13o from the bottom for May.
July was confined TO range OF sc, and
closed unchanged from last night.
Corn started at about the closing prices
of yesterday, was steady awhile, one con-
Germ taking about 100000 bushels of May
and July. which had strengthening ten
dency, after which the price sagged back
&c, rallied slightly, ruled steady and closed
with tribe advance Transactions were
in the main of local character. q good
deal OF changing taking place In selling
May and buying July, mostly at 1850 pre-
miam for the latter.
There was moderate trade in oats with
in asc range, and the close was at a net loss
of lsf0l4 &c. No special features developed.
The fact that receipts of hogs were some
What lighter than estimated. with prices
slightly higher. impaired little strength
at the opening but a little pressure 10 sell
developed q weaker feeling and prices de-
clined all around. Later little more
| steadiness prevailed. and prices rallied 70
| about medium figures. closing comparative
! ly steady. In comparison with the previous
| days closing prices pork is 2l6c higher for
| May and July. Lard is .O5c lower for May
| and July. and .021ao lower for September.
| KIDS for May are OHIO higher; for July
| and September. .O2lac higher.
Estimated receipts for tomorrow ore
| Wheat. Alb cars: corn. 1SS cars; oats. l5e
cars: hogs. $1,000. The leading futures
| ranged as follows: