The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-05-29

Oats, bush 400
GRAIN AND PROVISIONS AT CHICAGO.
CHICAGO, May 2S.-The following is the visi-
BILE supply of grain for May 10: Wheat, 90
547, 900 bu: corn, 14,6SS.O0O bu; oats, 3,S71,-
600 bu; barley, 70l, 600 bu; rye, 1,734, 200 bu.
Regular wheat was in fair aggregate bust
ness, but unsettled: opened ss0 5sc lower declin-
ed Il SIC, rallied 21e025sc above inside figures,
and closed ssc higher for July, $50 higher for
August, and lsc higher for September than at
closing Saturday. Sales ranged at $1.1l7s0
1,1414 for May, $1.12Aa01l5 for June, 81. 10 ls
0117Ss for July, $1.1601.1sls for August,
81 16la01.1 for September, S1.1701.196s fer
October, 81. 20 for November. Sill 7s01.14 for
the year; spring, S1.12l401.l3 winter, SI.l5.
On call, sales OF 100000 bu unchanged to l4c
lower.
Corn was in fairspeculative and shipping de-
mand; opened a shade lower, advanced 7sa Ic,
and closed at outside prices. Sales ranged at
55la0564c for May, 55Ss056lae for June,
567e057Ac for July, 57Ss05s5sc for August,
90 05e75c for September, 81 SEA 52e FOR the year.
On call, sales OF $4,000 bu at lea lac lower.
Oats actiye and higher, Sales ranged at 3sls
for July, 337s034lec for August, SO isc for Sep
tember 81 7s032lsc for the year. On call,
sales OF $4,000 bu at 1sc higher TO l4e lower.
Pork was easier early, and closed firm, higher
and fairly active. Sales ranged at $19.150l9. 20
for cash, $40 019. 20 for May and June, $40 l7to
019.40 forJuly 81 So 10 60 for August ST g. So
019.77 q for September, $40 S0O19. SO q for Oc-
tober, II 20017 1919 for the year. On call, sales
Of $500 Drls at unchanged to 21ec higher,
ward advanced .l50.2oc, declined .O5 o .O7 lac
soTTssd tn" 9'eeee " eS, oiossa sseady' sales
11.72Aoc for June, IL. 81 lo0lI 87loc for July,
11.47 TOLLS for August, IL. 4oQ11.57lsc for
September, 10.37S010.47lae for the year. On
call, sales OF $3.50 ties at 02 l9c lower.
THE DECLINING TENDENCY IN IRON.
Philadelphia Special.
The declining tendency in the American iron
market continues, and buyers are waiting for
still lower prices. Quotations to-day are S1s SO
to $3.50 for mill irons and 500 and seq for best
makes of foundry, with CONCESSIONS of from fifty
cents to 81 for common brands. Production is
in excess Of consumption. The accumulation OF
stocks is leading to offerings at unusual eonces-
| sOns, and BUYERS, instead of anticipating re-
quirements, continue in their cautious policy OF
buying from week to week. A custom OF the
| trade is to buy two or three months ahead and
hence the present retail policy is leading to a
large apparent accumulation. Bessener iron con-
tiuues in very dull request, and conid sell at
$2l, but prices are held above that figure Scotch
iron is moving III a retail way at SOC below last
weeks prices English iron is moving very
slowly. Old rails offered for shipment at
| S23, but not taken freely There is a large de-
| mand waiting for lower prices. Doube-heads
are quoted at $3.50; cargo scrap, $24025; So
lected yard lots, $25 026. A few sales were
closed at $23. so for American rails Steel rails
are selling in large blocks for fall delivery at
1913; small lots, summer delivery 500; light sec
tiOns, S40043, according 10 weight. Inquiries
for fall delivery Of rails increasing. especial
| ly from the South and West. Railway require.
ments are large and are likely to increase. Sew
erel newly -projected roads are in the market for
supplies The Bessener mills are all well sup
piled with orders for the summer. The successful
Introduction of the Basic process at Harrisburg
Is attracting good deal of attention, and is
| likely to result in "A further cheapening of the
cost of rail making. Merchant bar is in steady
demand in small lots at 81. l5 to 50 80. BUYERS
anticipate a scarcity on account of the expected
strike, which is new practically assured. Manu-
facturers have accumulated moderate stocks.
aud feel themselves able TO meet the summer de-
mand. Nails are moving freely in response 10
urgent demand at SO TO 1925. Construction
iron has been quiet for some time, and prices are
barely maintained. Concessions are easily oh
tanned on large orders. The sheet-mills are fully
engaged, but business is for early delivery. The
ACKNOWLEDGEMENTS and car-shops continue 10 re-
ceive orders, but strike in the Delaware river
ship-yards is checking the placing of new orders
somewhat for shipbuilding iron.