The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-15
THE BULLS FAVORED
THE sPRINGING of PIECE OF NEWS
AGAIN SENDS UP WHEAT.
DISTRIBUTIONS Manage to score
Moderate Advances.

CHICAGO. April 13.-Wheat operators be-
coming convinced that wheat which was
loaded in vessels here in the winter was all
right and of unblemished character, the
market became firm and closed sc higher
than it did on Thursday. Corn and oats
were very weak. corn closing &c lower and
oats sc lower. Provisions ruled steady
and shade higher.
The disturbing element which set
the wheat market in ferment on Thurs
day was worked over again this morning
and was the principal element in creating
the early fluctuations. 1t discovered
that after having partly unloaded the 400.-
coo bushels of wheat which was said to
be put back into store, instead of being
sent to Buffalo on the original charter,
the owners of the grain had ordered the
unloaded portion Of the cargoes back into
the vessels again, and the vessels to pro-
coed with it to its original destination.
That gave the bears another opportunity
to work scare the other party, and
they Immediately started rumor that the
wheat was being reloaded because it
would not, on reinspection. grade No. 2. On
inquiry at the firm of vessel agents who
made the charter they confirmed the
loading of the wheat. but said the wheat
was in the best of order and weighed sixty
two pounds to the bushel. The opening
price for May was 54Ac, at which price the
buying orders exceeded the selling. The
price worked gradually upward to 551sc,
ana, after reacting once to 547sc. closed at
Doc sellers. The movement of the crop was
in favor of the bulls. The weeks ship
ments of wheat and flour from both coasts
amounted to 2,9S4179 bushels, against 1885,
933 bushels in the previous week. The
clearances from the seaboard were equal
TO about $4,000 bushels. The receipts at
Pr a oa markets for two days were only
IN the last two weeks the primary market
pared with 5000 bushels in the CORE
spending two weeks of the year before.
Corn was weak. The Western primary
bu. The bears were out in force enco oilo
aged by the favorable weather and light
Eastern demand. Led by Captain Phillips
they poured short corn on the heads of the
bulls until they overwhelmed them, and at
the close the lowest prices of the day were
current. May opened at 45ssc, sold at 45s4c
In oats, between good short buying and
continued disposing by longs, sales were
numerous and readily effected. The Patten
Brothers. and Bartlett-Frazier led the buy
ing, while the country orders were princi-
pally to sell. The market started about
STEADY Later the offerings became ;a general sr
to 2Szsc and closed at 2S1kc, after having sold
at 28aac. July opened at 275sc, advanced to
27ssq271zc, declined to &c and rested at
The provision market ruled quiet, with
moderate fluctuations, but accompanied by
a firm undertone. The smallness Of the re-
fore, but the weakness of corn re-
straint of moderate extent Pork, compared
gain of from 21b65c. Lard is up correspond
ingly and ribs Csc higher. Hog receipts, to-
day. were 5000 head and $1,000 are all that
are expected next week.
Estimates for Monday--Wheat, so cars;
corn, 135 cars; oats, $50 cars; hogs, 90 600
aa7;nc f,,+,,ro~ ,,re-o7 ,e To1Io,xc.