The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-06
FORTY-TWO AT THE TOP
CORN SOLD HIGHER THAN ON
WEDNESDAY, BUT REACTED.
Big Market i'm Grains with Weakness
Making Some Inroads-Changes
in Provisions Were Mixed.

CHICAGO, April SIN a milder form
the session to-day was repetition of yes
terday's excited exhibition of strength
Change. A reactionary tendency. how
ever, was evident, especially in wheat.
Cables were irresponsible and the crop pros
poets generally were excellent, two pieces
of news which formed the main consider
atoms in a theoretical way. May corn
sold higher than yesterday, but closed
SsQ1kc under that sessions final figures.
May wheat closed 1c and oats AQ%c lower.
The close in provisions was partly weak
and partly firm-pork 22ikc down, lard un-
changed and ribs 5d7l1c up.
In the face OF some discouraging consid
erations. among them a rather weak early
response from Liverpool to the local gains
yesterday, corn held the big advance made
the previous session with a commendable
show of strength. 1t was big public
market, which at times amount of
liquidation seemed able to check Export
bids were i'm the pit plentifully, though
perhaps not as strongly as yesterday,
when, it was reported to-day from New
York, lis boatloads We're taken for foreign
shipment. The opening was easier because
of the feeble attitude of Liverpool and be-
cause there were many who looked for a
reaction. They repented later. for Liver
pool took a brace, because of the spot
fiimness there. Shorts covered and, doomed
along by the big outside business, May
shot from first figures-4OB d4lBc-up to
the top, 42c. The cash demand here slack
cned visibly and abundance of profit
seeking corn came on to the market, which
straightway receded to 4O7sq41c, at which
price 1t closed. Ssq11c under yesterday.
Western receipts were 74S blu, against 279,OO
last year. Receipts here were 4l9 cars.
Signs in the wheat market early were all
bearish-disappointing cables, fine weather
end q continued bear attitude on the part
of the local professionals. The corn
strength and the poor showing of Indiana
and Ohio for the crop caused a rally, fol-
lowing the opening, but in the end the
bearish news. reinforced by reports of
rapid seeding in the Northwest, over
Swallowed other considerations and the
rally was lost. There was big market
however. and the pit was well filled The
cash demand was slack, the days export
business being put by New York at five
loads. Primary receipts were 547, 600 bu
compared with $4,000 last year. Mime
aIolis and Duluth reported 467 cars against
1876 last week and 800 a year ago. Local
receipts were SO cars, one of contract grade
Atlantic port clearances in wheat and flour
we're equal 10 4SU,OU Du. May opened AM3ac
down at 675s@67a4c, declined to 671kc, rallied
to Csc. reacted to 66s@67c and closed 1c un-
der yesterday at &c.
Provisions were active. There was an
excellent cash demand and strong hog
market, but on the other hand, there We're
important realizing sales made by longs.
Lard and ribs closed firm, but pork rather
weak Large export sales of lard over
night We're reported early i'm the session,
and the foreign demand to-day was very
fair. The opening was irregular May
pork ranged from 1880 to s1297Ik and
closed 2219c depressed at $12.S7ls; May lard
from s667ls to s6.771k, closing unchanged at
$50 and May ribs from S6.77h to Sc 971h
with the close 5@711c up at s697Is.
There was large speculative trade in
oats, with outside interests leading in the
buying Other grain markets were the
chief influences. There was active trade
In July around 25c. May ranged from 25sz C
to 47sc and closed AdSsc down at 251s6
25Ac. July sold from 255sc to 247sc. closing
&c depressed at 251sc. Local receipts were
SOC cars
Estimated receipts o-morrow-Wheat, 46
cars: corn 430 cars; oats, PAT cars; hogs,
$4,000 head.
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