The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-10
WHEAT ON THE RISE
After a Weak Opening the Adj
vance Was Nearly a Cent.
While Stormy Weather Was Reported
from Certain Districts Fair Wealth
er Was Predicted.

CHICAGO, April There were severe
enough fluctuations in all the leading mar
kets to-day TO satisfy the craving of the
most restless scalpers. So far as wheat
is concerned, the ultimate result of con-
siderable excitement and a heavy business
was sc Improvement in price as compared
with Saturdays value. Corn followed wheat
to some extent, but was Independently sus-
tanned by small receipts and a fair export
inquiry. Provisions were very strong, and
shorts were very nervous. Pork closed
47I5c higher. with lard and ribs .25c higher.
Wheat at the start was weaker and the
market opened with 1aqAc loss, the weak
cables and reports of rain being the princi-
pal bearish influences. Offerings were not
very free at the decline, the trade not car
ing to sell short much in the face Of the
government report tomorrow. The de-
mand improved, prices advancing 1sQ1Ac.
eased back &c, changed some, and closed
nc higher for May and Ac for July. The
selling early was by the private wire con-
Germs, on reports of rain in Kansas, adj
vices from Parsons, Ola:he, Topeka and
Wichita reporting rains. The weather map
showed colder conditions In the West,
Northwest and Southwest, a little snow In
Colorado and heavy rains in Missouri,
southern Illinois and Missouri river valley
as far north as Omaha. There was no
rain in Kansas except along the eastern
edge. At the early decline good buying
started in, which caused a sharp rally, in
fuenced some by the report that rains, ac-
cording to the official report, did not ex-
tend far into Kansas. The predictions, too,
were for fair weather. Many Of the local
operators, while feeling quite bullish, think
the market here out of line with other mar
kets. New York is within a few cents Of
the prices ruling here. The export clear
ances were smaller, and not favorable for a
bull market.
Corn offerings were rather limited, espe-
cially around the opening while the de-
mand was good. The shipping interests
were inclined TO purchase, and, in fact, led
the buying, the selling being scattered.
Opening trades were at Saturdays final
figures and gradually worked up sc, eased
OF 12c, ruled frmer and closed with q gain
of $sG12c. To-day's arrivals were only $50
cars. and to-morrow's estimate was con-
sidered light at 200 cars. The visible in
crease was a bull factor.
The oats market was quite overrun with
buying orders during the greater part of
the session. and with only a limited number
of sellers considerable strength was de-
veloped between oats and the larger mar
kets early, but the strength in the former
was almost entirely Independent. The Wis
lDie supply nau SOHe erect II retaining the
firmness.
Provisions were strong and higher. Those
who had sold short on Saturday were made
uneasy by the small run of hogs to start
with. The receipts were only 1900 head,
instead of 81, 600 as had bsen expected, and
when the nervous shorts sought to buy
they could discover very few who were
willing to sell to them. The latest trades
were at or near the best prices of the day,
and show the following gains on the ruling
rates at Saturdays close: Pork is from As
TO 471bc higher, lard from % to .271ac up
and ribs .25c up.
Estimated receipts tomorrow are: Wheat,
So cars; corn, 200 cars; oats, 165 cars; hogs,
| 10000 head. Leading futures ranged as fol-