The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-20
FURRY ON THE BOARD
PARDRIDGE BADLY PTNCHED IN A
11-:C BULGE IN WHEAT.
After the Big Bear Had Covered Sew
tied Back to Thursdays Mark.

CHICAGO, April 19.-Wheat to-day
went up like a rocket and down like the
stick, Partridge being the influence both
ways. His coverings of an enormous short
line of four to five million bushels caused
the ADVANCE and when his line was all in
prices dropped from lack of support May
closing unchanged after 11ac bulge. May
corn and oats each closed 1sc higher, and
provisions made slight gains.
Wheat was again in good demand when
the market opened, although some little May
wheat was sold as low as 5Sc and July as
low as 59c at and around the opening. About
two hours after the opening shorts were
eagerly bidding 59Ac and taking at 591ac
when sellers appeared reluctant. The influ-
ences were largely of a local character, but
Liverpool London, Paris and Berlin all sent
higher quotations at the opening. The de-
mand for flour was reported from all direc-
tons to be good at daily improving prices
Primary market receipts were light. The
exports from Atlantic ports We're much
lighter than on the day before; but the ship
ping demand here for wheat to go East was
early in the day reported TO be excellent
Among other matters was the continuation
OF the dry weather An advance to 595kc
LOOK place before the May shorts were al
which was 112c per bushel more than it was
worth at the close yesterday, there was a
SSutEdi tdklilS OF pfOHtS, 1OllOWeQ Dy a. very
quick reaction of 1c per bushel from the
top, 5S9sc being the trading price for Nav
about flve minutes after u o'clock. The ex-
ira demand for May wheat, as compared
with the desire for July, is seen in the fact
that while May on the advance rose from
CSC to $3.50, July in the same time only i'm
proved from Soc to 60Ac. the spread thus
narrowing to sc bushel. as against the
n he pit was broad OF i04pa
great deal of May wheat to-day, through
houses other, than Partridge Leeming,
wheat the pit qussed down, and the few
were supplied by the scalpers.. May settled
down around 5Si2c and stayed there for a
move. In the last twenty minutes of the
session it became common rumor that Pard-
ridge had covered between four and five
and was now practically ashore. He GER
tainly covered freely, but is not supposed
one half Of his his line. The market Became
heavy toward the end; May sank gradually
to SIC and closed at 581sc bid.
The corn market was firm. with tend
ency early in the day to follow the huctua-
tions in wheat, but later. when the friends
did not respond to the weakness. and closed
a shade higher. for the day, the latest trad
ing in May being at 457sc. 1t sold as high
as 461sc when wheat on its high horse.
The receipts were 1S7 cars ana shorts COW
cred freely
vance in wheat was followed only
moderate scale and offerings increased as
the price was added to it, Caring ton, Han
rah and Bartlett-Frazer sold heavily. May
started at 281Ac and sold up to 2SS4c. There
was rather scant buying at that price. and
a drop followed. The decline went as far as
2Sssc at which price the market closed; July
sold from 27Ac to Z73sc up to 27ssg271ac.
and rested at 271ac. 1sc higher.
The provision market opened weak on re-
timated and sc decline in their value. Later
the market became firm with wheat and in
lots quite strong, with the early decline
turned into an advance. In the end pork
closed with net gain of 121ac, lard an ad-
vance of .0215c and ribs i-06c.
Estimates for to-morrow-Wheat, 10 cars;
corn, 200 cars; oats, rs cars; hogs, 5000
head.