The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-16
BULLS SWEPT THINGS
STRONG TONE TO CHICAGO MARKET.
WHEAT ADVANCING 4 liz CENTS.
Excitement i'm oil ard Advance in
Stocks Said to Influence Speculation
Corn, Oats and Pork Higher.

CHICAGO, April 15--Wheat started up at
a hot pace to-day, making 2-cent advance
and closing I1ac higher for May. Covering
by shorts, scared by the expectation of re-
duced stocks, the excitement in OIL the ad-
vance in stocks and the general improve
ment in speculative markets caused the
strength. The other markets followed
wheat, May corn closing 1ac higher, May
oats 1sc higher and provisions at slight ad-
vances.
The shorts in wheat were on the run to-
day. having, apparently. become impressed
with the idea that stocks are pretty sure
to be materially reduced and hence there
was scramble to cover. The meagre offer
ings created a good deal of warmth and
there were rumors that Armour and other
elevator men were working the bull side
All domestic markets were on the rampage
and the bull sentiment was still further
helped by large decrease in the visible
supply and by the small deliveries in the
Northwest as well as at other in
terror points. The excitement which
has been going on in oil for
some time. the advance in stocks the
general Improvement in speculative markets
as well as reports that the Northwest would
sow less wheat than usual this spring, all
tended to strengthen the feeling in wheat
the feeling was generally strong. The for
eign markets were still closed but will be
running as usual Tomorrow. The Minneapo-
lis receipts were us cars and Duluth got
63, making together, 49, compared with 263
a week ago., and 4S6 on the similar day of
the year before. Primary receipts, all told
were 231, 600 bu, against $4,000 Blu a year ago.
The visible supply decreased 2,216,000 blu for
compared with IS. 2f7, 900 bu a year ago and
"a, 096, 900 blu at the corresponding time in
1898. The price opened to-day at from $500
sellers. The feature in the pit was more
the smaliness of the offerings than the
The demand increased as it became more
difficult to buy and great business was
done in 1.-The the end The price rose to SOC, then
up from 56lac to SIC. A mere reaching out
by Pardridge's brokers for some wheat
down after Il O'Clock Realizing sales
caused reaction to 56A@563sc, but 5e13c
was the closing rate.
sponsive to the great strength in wheat
1t could not however. ignore the bullish-
though 20 carloads over. Saturdays esti--
mates, are still very light for this time of
menf, even lighter, relatively than the re-
ceipts. The visible decreased $685. 600 Blu for
the week: May opened up sc, at 4ossc, ad-
vanced slowly to Acc and reacted to 455sc
closing at 4534
The market for oats was active. Fluctua-
lions We're ruled principally by wheat os and
sold at 2S1se, advanced to 2Szsc. sold down
again to 281ac and closed at 2S5sc. July
ranged from 27e to sahS closing s@ sl.1
most of the day, although there was free
selling by the country and Bartlett Frazier
bought quite heavily.
The provision market was dull, but firm
with wheat There was not much DISPOSE
tion to trade evinced by either packers or
houses MANY orders to fill. Pork opened
with gain of 71zc, rose SC more and closed
with the whole gain. Lard made very little
stir and gained only 021ac, while ribs al
most stood still and in the end, were UNI
changed.
The receipts for tomorrow are esti-
mated-Wheat 80 cars: corn, $50 cars; oats,
$50 cars; hogs, 1900 head.
Leading futures ranged as follows: