The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-04-27
WHEAT STARTED STRONG
MAY OPTION OPENED WITH A NEW
RECORD, TOUCHING $125 IA.
July Forced Up to 96c ut One Time,
but Fell Back and Closed at 03 1-2c
Other Markets Active.

CHICAGO, April 26.-Excitement in Tor-
eign grain centers gave the markets on the
Board of Trade a strong start to-day. But
heavy realizing sales checked the advances
and ocean rates, which were again marked
up. made export sales almost impossible
May wheat started SAC higher, making a
new record at $1.25A, but it settled back to
$1.2S and closed easy. July which at one
time was 314c higher than yesterday closed
at an advance of 7sQ1c. Corn and oats
closed unchanged. Pork closed &c higher
lard, 24sc higher; ribs, 21kc lower
With Liverpool wheat market in a state
Of violent excitement and prices for July
delivery equal to &C a bushel higher than
1T closed last night. ii was naturally some
what surprising when July opened in this
market to-day at an advance of only $50
PFC. The buying fever was not entirely
chilled, however, and after moments hest
tation another cent was added to the price
Leading bull operators unloaded millions of
bushels on this tempting swell and a &c
break followed. The Northwestern markets
likewise gave evidence of an oversupply
and toppled off 2@3c. Second Liverpool
cables showed good decline, but were off,
set by advances on the continent, equal to
61sQ77sc at Antwerp Bradstreet's reports
gave the worlds supply at a decrease of
4,S96,OC0 bu and brought about a rally of 1c,
but traders were overladen and took every
opportunity to tighten their loads Chicago
receipts were $50 cars while Minneapolis
and Duluth reported 1888 cars, against 1853
a week ago and 375 last year. Exports of
wheat and flour from Atlantic ports were
5O60O0 bu. An advance Of 115d in ocean
freights bringing the rate per bu up to 131ad,
New York to United Kingdom ports, was
the &C, cause OF the latest weak phase of the
for July and prevented more than it's frac-
tional recovery. During the opening excite
ment May wheat sold at $1.25 the highest
in several years There was plenty for sale
and it eased off slowly to $1.2215, closing at
$l.23, net gain of SIC July opened $3.50
279c higher at 94|Q95c advanced to 96c, de-
clined to 953sc closing at 933s@931ac, a net
Of 100000 > 6u. ' 0- ''O cas-" S''''
Corn was very strong and somewhat ex-
cited Tor while, but suffered, as did all
others of the speculative markets, by heavy
selling by longs to realize profits. The ship
bu was sold here for export. The Liverpool
market opened excited at from I'D to 21sd
ADVANCE: July in this market started at
from 951sc to 354c. or about a4c advance over
night. It rose to 36Ac, broke to S41Sc and
closed unchanged at that figure. Local re-
ceiptss were 66S cars. Clearances amounted
Oats started strong and higher, but like
wheat and corn lost all the advance under
Tree selling by longs. Sales of 1886, 900 bu for
export were reported. Local receipts
amounted to $50 cars. July opened 5s0Bc
higher at 25BQ261sc, declined and closed I'M
changed at 251lc
Provisions opened under the influence Of
me excited demand abroad for all commod-
tiles or American production Liverpool
MADE further advance of Cd to Is in bacon
and cd each in lard and hams. The sellers
were too numerous for prices to hold, and
consequently the best prices of the day were
made at the beginning. Pork showed at one
time 25c gain, but only nc at the close An
estimate estimate OF Pre- provision stocks now held here
compared with April | showed 1900 barrels
IN CINCINNATI pork, 5000 tierces decrease in
lard and 100000 in ribs. July pork opened
9sSg2Oc higher 1g at $11.5213. July lard ranged
at $50. July ribs ranged between S.. 70 and
$055, closing PIC net lower at 1856 and $5.57.
estimated receipts for to-morrow-Wheat,
lS5 cars corn, $50; oats, 270; hogs. 3OO 900.
Leading futures ranged as follows: