The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-04-24
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. Civ
inc Rise to Some Grave Apprehension.
TRADING AT CHICAGO.

Corn nnd Oats Higher with Wheat, but
Provisions Declined.
CHICAGO, April 22-Wheat led nm adj
vance In the grain markets to-day and FOX
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-day's advance prevented being
filled. however, holders asking 20 more
than they would have accepted yesterday.
July wheat closed ct 747sc as against 73aic
on the day before. May was remarkably
slow and closed 72s4c. compared with 73o
yesterday. Corn and oats were
frmer 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 respect. and the bank
statements was regarded as favorable. The
clique was again doing q great deal of buy
ing, but Logan, Schwertz-Dupee. Kenneth
Hopkins. Armour and others also bought
freely. Partridge was q seller, and there
was scattered selling. generally against
CbilS. AdOIco W GIG ulHucI, anu COntlncuttl
markets were said to be excited. with
Paris l103 francs higher, and Berlin
marks higher. due. 1t was said. TO the In
creasinR 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
ti0ns. IL was asserted th at seeding would be
put oil two or three weeks. making the
harvest late. and increasing the danger OF
the crop from hot winds in July OF early
frnay EeynOta the a n a.
patch from Prime, wbioh read: Crop condi-
tions are In doubt; indications of disastrous
results OF late storms on wheat, oats and
fruit. Farming operations brought TO a
stRnd-stili." 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 continental buy ing there
same as yesterdays closing, and then prices
declined 10. rallied 7sc. and the closing was
about Ac lower. July ruled firm, and prices
were advanced 7sc, held steady. and
the closing was about 1lsc higher than
yesterday.
Expectation of an immovable corn mar
ket to-day, Indicated by the trading in
puts and calls was doomed 10 disappoint-
ment. There was no life in the trading the
first fifteen of twenty minutes. The fiuc-
tuations during that time were covered by
from Hoo isc per bushel. But when wheat
showed such unmistekable signs OF going
higher. buying orders came In for corn in
such volume "a TO jostle it out of its narrow
course. New YORK sent many of the buy
ing orders through baldwin Farnum and
Walker a. Co. Receipts were small-only
80 cars-where 135 were expected. There
was some inquiry for cash No. 2 for ship
ment, and one lot of 10000 bushels at least
was taken by . shipper who gave May In
exchange, bot at what premium for the
latter was not made public. The market
closed strong at about the beet prices of
the day. q gain OF ls01so compared with
last night.
There was not heavy trade done in
oats, but the market held firm. in sympa-
thy with wheat and corn. The orders
from outside were light. good many bad
crop reports were in circulation. The close
was at outside figures. with ss 0lac adj
vance.
The provision trade was not up to former
days of the week. Although the board
said 600 hogs for next week. there were
private estimates of 120.G to l30, 900. This
was tho bearish feature for the day. There
| was also considerable selling 10y those with
| profits on the advance. There was only
| fair activity. and at the close prices were
| at tho medium figures of the day. CON-
| pared with last night pork is down 2l9 %
| &c and lard and ribs .05dD. 07l9c.
Estimated receipts for Monday are:
Wheat, 800 oars: corn. 40 cars; oats. l9C
| cars: Hogs, $1,000 The leading futures
ranged as follows: