The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-12

despite the prediction made by the government
experts in the June report that the yield would
fall %, 600 900 bushels under 1881, which has
come TO be known as the short crop year. The
tremely short yield, were not as low as many
traders had confidently predicted. and these
latter took exception to the figures given
as the probable spring yield, which is
estimated at the same figures as last
year. when it is claimed that the
State reports all show decreased acreage for
the spring wheat Prominent bear operators
join in asserting, however, that until the present
stocks of wheat in store begin to decrease IN
volume, the present low price will continue TO
prevail The amount of wheat on the ocean was
reported at .140 900 bushels less than last week,
which gave tone of firmess to the market early
to-day, but the offerings we're large and a strong
selling movement was inaugurated before the
day closed, carrying prices down 2 cents from
last nights closing. The selling became very
general at one time, and the "bears" were en-
couraged to put out some large short lines in
anticipation of still lower prices The buying
was good all the way down, however. and the
closing was steady at nearly the full decline.
The weather was fine and the foreign advices
unfayorable, which also had their effect
upon values. Corn ruled weak, in sympathy
with wheat but the decline was confined to &c,
the market closing s03c lower. The receipts
were moderate and the shipping demand light.
There was only a small volume of business
transacted in oats, the market ruling somewhat
easier, and closing a &c lower. Provisions were
active, with unsettled and weak feeling.
Mess pork declined l5@2Oc, and closed tame.
Lard declined .02l a csc, and closed tame.
Flour was dull and weak, but with no appre
ciable change in prices.
Wheat ruled unsettled and weak. The mar
ket opened s0sc lower, rallied &c, sold off 1sc,
fuctuated and closed 1 &c under yesterday. The
July eSs 090!c, closing at SOC; August, sos %
92ae, closing at Ole; No. spring, SIZE; No. 3
spring, 78079c; No 2 red, 944c No. 3 red, Sac.
Conditioned by the weakness of wheat,
and the fine weather for the growing corn, the
market weaker and prices declined s03c
under yesterdays closing figures, fuctuated, and
closed &c under yesterday Cash. 44sc;
June, Al 44sc, closing at 44sc; July 46s a 465c,
closing at 46sc; August, 45s 0463c, closing at
45sc
In cats only small business was transacted,
and the feeling was easier the market closing
a &c lower than yesterday. Cash, 33a q 34c;
June, 33s $3.50, closing at 33sc; July, 33s 083!c,
closing at 333c: August, 2Ss 028.c, closing at
2Ssc. Rye was steady; No. 2, 65c Barley was
nominal
Flax seed was easier; No. ], 81 a.
Mess pork was active. but unsettled and weak;
prices were 10 acc lower Sales ranged: Cash,
$10124 01015; August, $l0l7a a 1875, closing at
$l0.22a a TO- %. Lard was quiet with prices .02a %
Csc lower Sales ranged Cash, g. so 16. 55c; June,
$500 .52ac; July 600 @6 SOC; August, 6.600
6622c. Boxed meats steady; dry-salted shoul-
ders $50 03 s5c; short-rib sides, 525 05.2 7ic;
shortclear sides, 5. 20 40. Zoe.
Whisky was firm at ST. 10.
Sugars were steady and unchanged.
On the Produce Exchange butter was in better
demand; creameries, Is 016c; diaries, 1l@12c.
Eggs were firm at Ii a. lie
On the afternoon board wheat was weaker and
4c lower. Corn was steady and s3sc higher.
Oats were &c higher Pork was II 012lc higher.
Lard was .02ac higher.
Receipts-Flour, $1,000 brls; wheat, 50, 900 blu;
corn, 1872, 900 bu; oats, 108 900 bu rye, 5000 bu;
barley, $4,000 blu. Shpments-Flour. II, 900
brls; wheat, A. 600 blu; corn, 243, 900 bu oats,
l26, 900 bu; rye, 1000 bu; barley, 1000 bu.