The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-08

uary. 30c. Sugar quiet and firm; refined firm; c,
5! al SIC; extra c, So use; white extra G, 81 %
&c; yellow, a. 5sc; confectioners A. &c; Franu-
lated, &C. Molasses steady and quiet % test,
Die Rice firm and fair demand.
Petroleum firm; United closed at 98sc. Talow
firm. Rosin steady. Turpentne firm at 3Slc.
Eggs quiet and rather weak; Western
liz 0129c.
Pork steady and moderately active mess spot,
GIL 12I 01L37a. Beef dull. Lard quiet; West
ern steam spot, g. zoe; July. 60 g. zoe; August,
677 78c; September, 6.88d6 Ole; October,
6 999 10lc; November, 6.97c; city steam, l3c
Butter dull and rather weak; Western, ga l6c;
Elgin creamery, II 18c. Cheese higher and IN
good demand; Western fat, 81 G64c
Lead firm. Other articles unchanged
| CHICAGO July THE wheat market fluc-
tuatcd wildly today. having shown signs of gen
eral depression early in the session, with
strong recovery late in the day. There was a
steady opening. due to decrease OF half mill
ion bushels in the visible supply, but the offer
ings soon became very large, and the prevailing
| temper of the market was extremely 'bearlsh"
Large lines Of wheat were thrown on the
market and the weakness appeared very
marked. The bears hammered prices vigor-
ousy Offering fifty and one hundred thousand
bushel lots. The August option touched o15c
several times while cash NO z
spring wheat at one time was NOM
inally 85s 0S5ic. Timid holders displayed
numerous evidences of fright, and threw their
| holdings overheard The occasion of all this
| alarm was not exactly apparent, and was gen
| orally ascribed to organized bear raid,
| without any especially depressing news of any
| kind at hand. About noon the tide turned
| slightly, and with greater number of outside
| buying orders and bad news from the harvest
ing sections, prices began to rally slightly. The
market gradually began to display such strength
| that the shorts became alarmed and the buy
| ing gradually became general. All the decline
| of the morning was recovered, and the market
| closed on the regular board sc over yesterday
| with still further advance of &c at the after
noon session. AS a result of the harvest
| in Tennessee it was asserted that the yield
| would not exceed four bushels to the acre, and
| the reports from Kentucky and Missouri are not
any more fattering Corn sympathiZed with
| wheat somewhat and ruled lower, but reacted
and closed stronger. The receipts were large,
but the shipments continued free, and with
light stocks on hand there did not appear to be
| any strong inclination to bear" prices. There
| was an increased speculation in the near options
for oats, and July closed sc higher than yester-
terday, while the new crop futures showed no
change. Provisions ruled moderately active.
and pork advanced Zoe early, fell back z q l0c,
rallied again, and closed steady
Flour quiet and unchanged.
| Wheat-The market opened unsettled and a
shade higher, due in a measure to the decrease
| in the visible supply, but under free offerings
sold off &c, rallied &c on better foreign advices
and closed &c higher than yesterday The sales
ranged July, 85s a 86sc, closing at 66sc; August,
| 87b @S8tc closing at SSc; September, 49, a 90sc,
closing at 90sc; No. 2 spring sc d86bc; No. 3
| spring, nc; No. 2 red. Ole; No. 3 red, 65sc.
| Corn-Under free offerings, due partially to
the depression in wheat, prices broke ! a &c
early, rallied again, and closed ga &c under yes
terday. Cash, 47sc; July, 46s d47sc, closing at
| 43 Age August, 49, @47c, closing at 46s a 47c;
| September, 46. a 47c, closing at 4Gs a 46sc.
Oats ruled active and somewhat stronger; cash,
| 314c; July, 3l30314c. closing at 81 c August,
26s a 26sc, closing at 26sc; September, 25a 0254c,
closing at 25sc.
| Rye dull and lower; No. 2. 59c.
! FlaXseed was steady; No ], "a.
| Mess pork ruled moderately active; prices
were Toe lower early, rallied y Toe. and closed
steady; cash. So 900; August So. So a 995.
closing at 50 92a a 95c; September So 50 10 OH
| closing at $l00l0.029. Lard was steady; cash.
| 6.450 650c; July, 6 Ace August, 65006 .572c,
closing at 6.55 &c 57ac; September, $50 az Coo,
closing at e. 65c. Boxed meats were steady; dry
| $50 a ). 25c; short, clear sides 5 So a 5. Coo.
Whisky firm at ST. Is.
Sugars were unchanged.
On the Produce Exchange butter ruled shade
lower; creamery, Is 169c; dairy, Is a lac. Eggs
weTr9n f iIlIY It t., l &C. .,,,ar,, rB,-r
sc higher, closing for July at S6sc; August, 883c
Oats were &c higher. Pork was . sc higher
September, 90sc Corn was firm and q &c higher
Lard was unchanged.
Receipts-Flour, 10000 brls: wheat, So 900 bu
corn, 243 900 bu; oats 151 600 Blu; rye 1000 bu;
barley, 5000 bu. Shipments-Flour, 16 900 brls;
wheat ., 600 bu; corn, III 600 bu; oats, 1884, 900
bu; rye, 1000 blu; barley, 5000.