The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-14
THE BULLS FAVORED
THE sPRINGING OF A 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 unblemshed character, the
market became firm and closed sc higher
than it did on Thursday. Corn and oats
were very weak, corn closing ssc lower and
oats 1sc lower. Provisions ruled steady
and shade higher.
The same disturbing element which set
the wheat market in a ferment on Thurs
day was worked over again this morning
and was the principal element in creating
the early fluctuations. 1t was discovered
that after having partly unloaded the AGO.
600 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 it's original destination.
That gave the bears another opportunity
to work scare on the other party, and
they Immediately started runlor 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 re-
loading of the wheat, but said the wheat
was in the best of order and weighed sixty
price for May was 54s4c, at which price the
buying orders exceeded the selling. The
price worked gradually upward to 551sc,
and, after reacting once to 547sc, closed at
Soc 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 2,934179 bushels against 2S53.-
953 bushels in the previous week. The
cleardnceS from the Seaboard were equal
to about 600 bushels. The receipts at
primary markets for two days were only
oO2, OO0 bushels r. G. Dun & Co. say that
IN the last two weeks the primary market
receipts were 2,06s, 467 bushels, as COM
pared with 900 bushels in the corre-
spending two weeks of the year before.
Corn was weak. The Western primary
market receipts for Two days were $4,000
bu. The bears We're out in force, encour-
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 455sc, 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-Frazer led the buy
ing. while the country orders We're princi-
pally to sell. The market started about
steady. Later the offerings became general
to 283sc and closed at 2S12c. after having sold
at 2Saac. July opened at 27ssc, advanced to
2Iss@271zc, 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-
ceipts of hogs was the ruling factor be-
FORE but the weakness of wa3 re-
straint of moderate extent Pork, compared
with Thursdays final prices, closed with
gain of from 21a@5c. Lard is up correspond
ingly and RIBS Csc higher. Hog receipts, to-
day, were 5000 head and 5000 are all that
are expected next week.
Estimates for Monday-Wheat, 80 cars;
corn, 135 cars; oats, $50 cars; hogs, 10000
head.
leading futures ranged as follows.