The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-02
RAIN BROKE PRICES
CHICAGO MARKETS ALL DECLINED A
FEW POINTS YESTERDAY.
May Wheat Lost 5-Sc. May Corn Use,
May Oats 3-sc and Provisions
from 1-2 to IL 1-2c.

CHICAGO, April 1.-The rains which
broke the drought also broke the wheat
market to-day and May closed 5sc lower
May corn lost lse May oats sc, and pro-
visions finished at declines.
Wheat started with ssd1c break to-day,
on the heavy rains in the winter wheat
belt. The market was very much excited
at the opening and anywhere from 545sc to
soc bid for May in different parts of
the pit at the same moment, but the price
soon began to steady itself at around 547sc
with more buyers than sellers at that price.
The visible supply figures, as they were
being received, supplied a motive for ac-
celebrating the covering operations of the
shorts and the price gradually worked up
on the encouragement thus given to it.
til it touched 55Ac. The exports from the
Atlantic ports were fairly liberal, amount
ing to- wheat and flour. about 100000 blu,
and that. along with some talk OF the recent
advance in silver being benefit to wheat,
was of further assistance in steadying the
market from its first break. Primary mar
ket receipts, all .toldsg were $4,000 blu, as
against 431, 200 blu last year. The decrease
in the visible was given as 1.456000 blu.
The quantity of wheat on ocean passage
decreased 100000 bu The visible supply fig
but later Were REGARDED as somewhat bull
ish. Owing to that, the price was well main
tanned at about 55c, Notwithstanding rather
easy foreign markets. The changing of long
wheat from May to July widened the spread
between the two. May closed at 551sc bid.
and July at 561kc The Orange Judd Farmer
says that the present general condition of
winter wheat is 1913 per cent. which is be-
low the condition year ago. Just after A., the
it is reported, finds the condition to be
about 81. A year ago the government gave
Corn was dull and averaged weak until
the close, when some shorts appeared to
sand short dVer holiday and put the mar
ket nearly level with Saturdays closing
figures as the session was nearing its end.
The opening for May was 46Ac, COM
pared with 1850 on Saturday afternoon,
and it closed to-day at 4614@465sc. The days
receipts were 1856 cars and for tomorrow
100 cars are estimated, the latter being one
of the strengthening influences Of the day.
The visible Showed an increase of III 900 Blu,
compared with decrease of 600 blu
x fair business was transacted in oats
The rain was influential in creating free
long selling at the opening, in which Cong
don figured principally. The crowd evidently
composed pose I greatly Of buyers who. during
the fore part of the session. We're the heavy
m oat Of s Coo ba weR was very
started at 2ssslc, sold at, 2sssc, sold up to
from 2Sa4c to 2S7s@29c, ending at 27asc.
The provision market was inclined to
compared compared with - Saturdays Closing prices.
of from Zoe to 121ac in pork: .071sc in lard,
day, numbered 10000 head, and the run for
tomorrow is only expected to be about
$4,000. Some taking of profits by longs, who
expect to load again on any further decline,
was the reason generally given for the
weakness, helped, likewise. to some extent,
by the lower prices for wheat and corn
Receipts for tomorrow are estimated at:
Wheat, % cars; corn 100 cars; oats, 100
cars; hogs, $4,000 head. There will be no
session of the Board of Trade tomorrow
owing to municipal elections. Leading fut-
ures ranged as follows to-day: