The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-04-23
WHEAT AGAIN THE LEADER
Advance Brought About by Unusual
Demand from Foreign Buyers.
Crop Reports from the Wheat Belt Show that
the Harvest May BE Greatly Delayed. Giy-
ing Rise to Some Grave Apprehension.
TRADING AT CHICAGO.
Corn and Osts Higher with Wheat, bu
Provtsions Declined.

Corn and Osts Higher with Wheat, bat
Provisions Declined.
CHICAGO. April 22-Wheat led an adj
vance in the grain markets to-day and for
the first time in many months the bull in
SEPARATIONS came from the foreign consumer.
There were large buying orders from
abroad received at this and other markets
which to-dsy's advance prevented being
filled. however. holders asking 20 more
than they would have accepted yesterday.
July wheat closed at 747sc as against 733s Q
on the day before. May was remarkably
slow and closed 72ac. compared with 73c
yesterday. Corn and oats wore
firmer and higher, partly in SYM
patty with wheat. but due also to the
bad weather. Provisions were dull and
closed slightly lower than yesterdays
final prices. While the buoyant feeling
was somewhat checked by the financial
outlook, the feeling seemed better than
yesterday in this reepect. and the bank
statement was regarded as favorable. The
clique was again doing great deal OF buy.
Ing, but Logan. hwartz-Dupee. Kenneth
Hopkins, Armour and others also bought
freely. Partridge was seller and there
was scattered selling. generally against
calls. Cables were higher. and continental
markets were said to be excited. with
Paris ls02 francs higher, and Berlin 2
marks higher, due, 1T wac said. TO the in
oreasing seriousness of the bad crop out
look at home. There were no rains IN
Kansas. and the storms in the Northwest
have put an embargo on all farming opera
tions. 1t vas asserted that seeding would be
put of two or three weeks. making the
harvest late. and increasing the danger OF
the crop from hot winds in July or early
frost. A keynote to the markets was lis
patch from Prime which read: Crop condi-
lions are in doubt; Indications of disastrous
results of late storms on wheat, oats and
fruit Farming operations brought to q
stand-still." The effect of all this was to
stimulate active buying. and there was lit
tie for sale. Nearly all domestic markets
were higher than Chicago. and New York
reported the best continents buy ing there
for a long time. May opened about the
same yesterdays closing. and then prices
about "a Q lower. July ruled firm, and prices
were advanced 1sc. held steady. and
the closing was sbou: 1lSo higher than
yesterday.
Expectation of an immovabie corn mar
ket to-day, indicated by the trading In
puts and calls, was doomed to disappoint-
ment. There was no life in the trading the
first fifteen of twenty minutes. The ttuc-
tuations during that time were covered by
from Il6O sc per eushei. But when wheat
higher. buying orders came In for corn in
such volume as to jostle it out of its narrow
course. New YORK sent Lany OF the buy-
ing orders through Baldwin Farnum and
Walker IL Co. Receipts wero smail-Only
SO cars-where 135 were expected. There
was some inquiry for cash No. for ship
ment, and one lot of 10000 bushels at least
was taken by shipper who gave May In
exchange, but &C what premium for the
latter was not made public. The market
closed strong at about the best prices OF
the day. a gain of lS0ssc compared with
last night.
There was not q heavy trade done in
oats, but the market held firm, in sympa-
thy with wheat and corn. The orders
from outside were light. A good many bad
crop reports were in circulation. The close
was at outside figures. with IS lac adj
vance.
The provision trade was not up to former
days of the week. Although the board
said 10000 hogs for next week. there were
private estim ates of 10000 to $50. 600. This
was the Dearish feature for the day. There
was also considerable selling by those with
profits on the advance. There was only
fair activity. and at the close prices were
at the medium figures of the day. Com.
pared with last night PORK is down 2l3 "a
sc and lard and ribs .05'D. 07l5c.
Estimated receipts for Monday are:
Wheat, 300 CARS; corn. 140 care: oats. 100
cars: Hogs. $1,000. The leading futures
ranged as follows: