The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-28
WHEAT 13-4C HIGHER
LEADING CEREAL At CHICAGO con-
TIMING TO ADVANCE.
Deman Both by SPECTATORS and
Country MfIIers Is Heavy-Pro-
visions Also SITTER.

CHICAGO, April N.-Wheat was again on
the jump to-day, and after a warm session
closed with July 1Ac higher. Shorts COW
cred freely. being scared, it was said, by the
smallness of supplies. Corn gained &c, oats
Ac, and provisions closed slightly higher.
Wheat was wanted at the opening at 1sc
advance over Fridays closing price. There
were plenty of sellers at that advance for a
few moments, but when it was found that
there were buyers for all that was offered
and a hungry crowd still shouting for more
sellers became scarce. The latter respond
ed reluctantly to the higher and still higher
prices which the eagerness of purchasers in
duced them to bid, so that it was not until
from 624c and 62sc at the opening for July
wheat that it had risen to 64c and over that
there was anything like enough offered
to satisfy the demand. There was not much
excitement accompanying the advance, but
it took evident straining to repress it. The
impelling reason for the days strength was
not prominent in the news items, but the
bulls said it was the scarcity of wheat in
the country, and pointed as proof of it to
the fact that elevator men sold $50, 600 BUSH
els here early in the session to-day to go to
interior millers. Kansas City wired that
wheat on the track there was bringing 63c,
and, Notwithstanding to-day's advance, Chi
cago was still the cheapest wheat market
in the country. The usual statistical news
of the day was bearish, and the weather was
favorable. The weeks clearances from both
coasts amounted to 100000 bushels less than
on the week before. The receipts at the
primary Western markets were 277, 600 BUSH
els, against 10000 bushels. on the corre-
spending day of the year before. Atlantic
port clearanceS of wheat and flour for twen-
ty-four hours were equal to $4,000 bushels.
Offerings were scarce throughout the ses-
sion, and shorts covered literally. 1t was
rumored that Partridge covered a big line
and Cudahy also covered. Vessels were
chartered charts al here to-d Ia the 1er de esg,ev nh in VISIBLE Ge
on Monday We're far apart, ranging from a
decrease of 100000 to 2,5O0,o bushels. The
and, having reached 64Ac, could not be got
below that for more than a minute or w
at a time. and closed at 64lsc bid.
Corn was dull but firm and, apparently,
under the guidance or wheat. sales were
reported by one firm of 10000 bu of No. 3
and 10000 bu of No. 3 yellow, and it was
said that probably as much as 100000 blu in
all were disposed of for shipment. In the
speculative market prices opened about 1c
the end July left off at 4S7sc, as compared
with 4Sc on Friday afternoon; May closed
at 4S1sc, against 47lac yesterday. Receipts
to-day we're 27 cars.
Only a fair business vas transacted in
p oart Of En the traading. May Started at 2ss, sold
at 287sc up to 290291sc and rested 1sc above
yesterdays last quotations. July ranged
an advance of B@Ac. The frmer feeling
was principally the result of sympathy with
wheat and corn.
The provision market was very dull and
fluctuations were confined to a narrow
range. The run of hogs for next week is
estimated at 120, 900, and that appeared to
quench the bullish sentiment OF the traders.
The receipts of hogs to-day were $500. Com
pared with yesterdays closing prices, the
following are the changes: July pork. SC
higher; May, unchanged; lard, .02lsc higher
and ribs without change.
Estimated receipts for Monday: Wheat, 65
cars; corn, 300 cars; oats, go cars; hogs,
1000 head; next week. 10000.