The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-15
HOGS RULE THE MARKET
INFLUENTIAL IN SENDING PROVI.
sIONs SHARPLY UPWARD.
Changes In Grain Mixed-Corn CHE
Oats Lower N Wheat Active
but han

CHICAGO. April f4-Sentiment and local
conditions governed the grain market.
while hogs were reflected i'm the tone OF
provisions. May wheat closed unchanged.
May corn safe up. and May oats A@
sc lower. Provisions closed from 2Oc I'M
proved in pork to 7i3c up in May lard.
May wheat opened %@1kc depressed from
Thursday at 66lsc to 66c, and advanced to
6eIkc, at which price it closed unchanged
from Thursday. Instead of the stop-loss
selling which many had looked for at this
point commission houses were able to pro-
duce many buying orders which had been
lying around for weeks. Under this sum-
illus and the strength of corn and provl-
sions, together with a mild reiteratlon OF
the damage reports from France. the ad-
vance took place without a material set
back. Considering the closing of many
markets and the curtailment of news the
session was fairly active. Mondays sta
tistics are expected to be bullish rather
than bearish, but not strictly so. The
early loss was due principally TO the fine
weather. Primary receipts for two days
were 10000 bu, against 225, 1000 bu a year
ago. Minneapolis and Duluth reported 100
cars for a like period, compared with 1853
last week and 1S4 a year ago. Local re-
ceipts were lis cars, one of contract grade.
Atlantic port clearances for two days were
equal. in wheat and flour. to 10000 bu.
The corn market opened easier, May 1s@
&c lower at 3sB@3sAc to 3S4@3sSc. The
influences were purely local, there being
nothing in the way of news to stimulate
the market, and the shipping business was
unimportant. A prominent Spectator whose
movements are closely watched, and who
was believed to nave dumped some long
stuff, was on the floor and denied that he
had been a seller. Instead he bought OPEN
ly, and, with this example and the strength
OF provisions in consideration, others on
the floor on Change joined the ranks of
purchasers. May accordingly rallied to
1850. and closed strong Sale over Thurs
day at 394c. The crowd evidently had
gone pretty we'll short under the SUPPOSE
ton that the bell trader, so to call him.
was with them, and they rebought with an
i'll grace. Local receipts were $40 cars.
There was not a soft spot in the provi-
sions market. Hogs were decidedly higher
at the yards, forming the chief bull inf1u-
ence. There was, of course. proft-taking.
but such sales were readily absorbed at
nearly all times. The buying of lard was
the feature. May pork ranged from $3.50
to s12.9 80, and closed zoe up at $12.S71s; May
lard from $40 to $7.321z. closing at 2712c
improved at $7.27h. and May ribs from
$40 to s7.25, with the close 2212c better at
$7.221R.
Oats were quiet and the range narrow,
May selling from 2414c to 25c. closing at the
latter price. L@Ssc under Thursday. The
holiday in other markets curtailed bust
ness. Some shorts covered because corn
was strong, but this failed to cause any
buoyancy. Local receipts were $40 cars.
Estimated Receipts Monday-Wheat. 3S
cars; corn, 445 cars; oats, go cars; hogs,
IS. 900 head.