The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-07
BEARS TOOK AN INNING
RETIRED THE BULL SIDE EARLY
AND MADE ALL THE SCORES.
wheat Went Down I'm the Center and
shorts i'm Other Lines Were Put
Out of Play I'm Short Order.

CHICAGO, April 6.-The bears had their
innings on Change to-day. There was
heavy liquidation in both corn and pro-
visions and selling of wheat on the fine
weather. Oats followed corn. The grain
markets closed steady at the decline.
but provisions seemed inclined toward
wea kness. May wheat closed 1sd14c; May
corn. ssGAc: May oats. 14@3sc under yes
terday. and provisions from sc down in
ribs. to SOC lower in pork.
May wheat opened h9hc improved at
e71Ld673sc TO size, under the influence Of
better cables than expected and the de-
creased Argentine shipments. For brief
time trade was fairly active and the tone
firm. Not much trade developed, however
the weather was excellent from a crop
raiser's standpoint, and the early corn
strength began to ebb. Under these con-
ditions many of the pit crowd took to
the selling side, and May relapsed to 66ssc
The liberal Western receipts also cut some
figure in the decline. AT the bottom,
however, the shipping business picked up
a bit. and. helped by the covering of
shorts, May recovered to 667sc and closed
steady is@Ac under yesterday. at 66s4@
taken for export Seaboard clearances in
wheat and flour were equal to 31l,000 blu.
Primary receipts were $4,000 bu, compared
with $4,000 last year. Minneapolis and
Duluth reported asa cars. against 436 last
week and 419 year Ago. Receipts here
were 81 cars, five of contract grade. Ar
gentine shipments were 1.656, 900 bu.
Corn began the session with vigor and
strength. Cables were considered encour-
aging. receipts were light and there was a
good trade. May opened steady at 41Q41Ac.
But another bull day was not to be. Some
very influential longs went into the pit
for profits; Liverpool reported that corn
was being resold at prices under Ameri-
can offers, and New York Joined in the
bear chorus with a little stanza to the
effect that eontinental bids were falling
showed the effect of these conditions
dragged May back TO 1850. rally fol-
lowed the slump, shorts covering. May
reacted to 4014c, at which the market closed
I'm a steady condition, %d%c under yester-
day. New York reported $50 loads taken
for export Primary receipts were 1900
bu, compared with 361 900 a year ago. Re-
ceipts here were 1853 cars.
IL was sad day for pork That article
practically lost it's premium. and interest
conferred keenly In May ribs. The mar
ket was affected by lower prices for hogs
At the yaruS, ana Dy nqu1datlon. Inc
profits were too temptingly handsome to
be further jeopardized, and much long
stuff came out The decline brought out
many sales on stop loss orders. Liver
pool reported another Sd rise in Cumber-
lad bacon. May pork ranged from s12. 97iz
to $3.50. and closed 30c under yesterday at
$12.671a; May lard from $6.671H to go, clos
ing nc down at s662lh. and May ribs from
81 to $500, with the close sc depressed at
Sc 921R.
The crowd in the oats Dit was as large
IL yesterday, and there a fair
trade. The influence, however, was corn.
Under that leadership May opened &c
higher at 25A6252sc. touched 25ssc. de-
clined to 24a4G247sc and closed steady, A6
asc depressed at .247sc
Estimated receipts tomorrow: Wheat,
IS cars: corn. $50 cars; oats, lis cars; hogs.
zf,Vu mead =. ho-feh -,