The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-05

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A, &c; granulated, &c. Molasses quiet and
steady. Rice firm; fair inquiry.
Petroleum firm; United certificates closed at
79sc; refined, 7sc. Tallow steady. Rosin firm.
Eggs-Demand fair and prices firm; Western,
Ia. 014sc.
Pork dull Lard less active; contract grade
spot quoted at 6 TIE; choice 6 s21c; June closed
at 6. 740G &c., July. 6 50 a 6 SIC; August, $500
G. oslo: Septem her, 702 at 05e; October. q la
Z. l5e November, 7060712 c; city steam, 5000
g. Coo Other articles unchanged.
CHICAGO June 4-There was an unlimited
number of bull" rumors on the floor of Change
to-day as affecting the wheat situation, and as
consequence there was buoyancy exhibited in
| the market such as has not been previously wit
messed in q number of weeks and a sharp con-
trasr to the depression which prevailed at the
beginning of the present week. Yesterday
afternoon the market was sold down upon ru-
mors that the cholera had appeared in France,
the July option touching 85sc. The denial of
this and the advent Of very gloomy crop reports,
this morning, set the tide strongly in the other
direction and prices rose sharply and almost
continuously, closing within fraction of the
highest figures of the day. The bears
fought the advance very steadily, but when
the market had advanced point and remained
firm, they were Oyertaken by panic and COW
cred freely during the remainder of the session.
The market closed tonight nearly &c above the
bottom prices current last Monday. The revul-
sion has been great as to disconcert the aver
age trader on the pear side Of the market, as
the change in temper was against precedent IN
view of the fact that no new facts concerning
| the crop has been developed beyond those gen.
| orally recognized by the traders for several
weeks 1t is explained however, that the out
look for the growing wheat has latterly become
| dubious, and that strong '!bulT party has
finally come into the market, in the
full belief that higher prices will nee
essarily prevail as the result of q short
age in the American and European crops.
The strangest feature in to-days trading was
the statement that the June report would show
that Kansas would not raise wheat crop to ex-
coed 10 000 600 bushels against 40 900. 600 last
year, and it was freely predicted that the gov
ernments report for June would disclose de-
crease of 000 600 to 30 000 600 in the probable
winter wheat yield compared to the May re
port The quantity Of wheat on ocean passage
also showed decrease of ], 900 600 bushels. and
the statement was made that shipments of wheat
from the Northwest to primary receiving points
had dropped off very largely; the farmers hold
ing off for higher prices
The market rapidly advanced from the opening
to a point PC over the lowest figures yesterday,
eased off &c, again advanced sc, fuctuated, sold
off &c, and finally closed on the board 2sc over
yesterday. On the afternoon board the bull
feeling continued rampant. prices advancing
I a &c and closing at the outside
Corn ruled active. sympathzing, in a measure
with wheat, not being relatively strong, but
The oats MAJ ket was quite strong. accompanied
by active trading, and the near futures closed
! a 1c over yesterday. Provisions ruled shade
higher but closed easier and generally slow.
Flour was quiet and unchanged
Wheat ruled strong and higher, prices at the
close ruling 2sc over yesterday. The sales
ranged. June, 3d. a 87sc, closing at Sic: July,
874 89ac, closing at SO S9sc August, 500 81 &C.
spring, IS 679c; No. red, 959c; No red, Soc.
Corn was fairly active and unsettled, but
generally firmer. in sympathy with wheat clos
ing &c higher; cash, 46ac; June, 46a 047c, clos
ing at 46ac; July, 45s a 461c, closing at 46sc;
August, 49, q 46sc, closing at 46sc.
Oats were firm, with liberal advance, the
market closing at s01c over yesterday; cash,
339c; June 32s 33ssc closing at 1893 q 34ac; July,
32s 0334c, closing at 33s a 33ac; August, 28s "a
28sc, closing at 2Sa @2sac. Rye was lower; No.
2, 66c. Barley entirely nominal.
Flax seed was easier; No. l. $l.36
Mess pork in fair demand and 5010c
higher but closed easier Cash, $40. 80 a 10 30;
June, $40. 80 40. closing at $40 80 a 10. 32a:
August $40 57a, closing at $40. 45 q 10. 473.
Lard was steady and unchanged; cash and
June, 60 &C. 2ac; July, 6.573 06.6 0c; August.
665 667sc.
Boxed meats steady; dry-salted shoulders
3sO03 s5c; short-rb sides, 525@5 274c; short
clear Sides $50 @o9 &C.,
Whisky was firm at ST. Is.
Sugar was weaker cut loaf, 7ac granulated,
7c standard A, 6dc
On the Produce Exchange butter ruled quiet,
with very little export demand; creamery, IA a
15ac; dairy, lie. EGGS easier at II a 11ac.
On the afternoon board wheat was strong and
&c higher. Corn was steady and unchanged.
Oats were ac higher Pork and lard were I'M
changed.
Receipts Flour, 10, GOO brls; wheat 81, 900 blu;
corn, 206 900 bu; oats, 150 600 bu; barley. 5000
bu; rye, 5000 bu. Shipments-Flour, IA. 900 brls
wheat, 900 blu; corn. 10000 bu oats, 81, 900
blu; barley. 1000 bu; rye, 5000 bu