The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-12

| age, closing STEADY sales, 12oa OuU ou fu-
c. I. and l., 81. OF; ungradej. red. 86090c; No.
red, 91lc No. 2 red. 942 a 95c in elevator, 96sc
delivered No. l red, $l0l; No. l white,
CSC; ungraded white, CSC; No. red,
December, 96 96ac, closing at 96ac; January,
9sg $3.50, closing at oslo; February, $L00s a
i.Oo8 closing at $lo0s; May, $1.05s a Loo. clos
| ing at $l05s.
Corn-Spot moderately active options opened
2@sc higher. later declined e. closing steady.
Recelpts, IS, 300 blu; exports, 80. 250 bu; sales,
l,5S4 900 Blu futures, 1G9 900 bu spot; ungraded,
on a Doc rejected, 39l 40c; understandable, % a
3Oc; No. 3, 463c; mo. 2, 55c elevator 554 a 552e
ahoat, SAC c. f. and H. No. white SOC; No 2,
November, 54l a 45sc, closing at SAGE; December.
| 534 sac, closing at 53ac; January, 48a 049ac,
closing at 48ac; February, 48048sc, closing at
48sc May 4Sa 48sc. closing at 4Sc.
| Oats higher and less active; receipts, 46, 500
| blu; exports, 16 AIS Du; mixed Western 30 0323c;
white Western, "a 040c Corn meal quiet: yell
low Western, So. 90 $3.50. Rye dull; No 2 West
| ern. 65c.
Hay steady and in fair Inquiry
Cofee-Options dull and barely steady:
sales, 10000 bags; November, 6.75c; December,
6S0c; January, 6. Csc; February, g. 9Oc; March,
7c; April, 705c. Sugar dull; refined quiet and
steady; extra G, 81 q 81; white extra G, 53052c;
yellow, Al a sc; off A, 81 &c; standard A, 81 a
6316c; confectioners' A, g 06 7l6c; powdered,
6 1l-1607c; granulated, &c Molasses quiet;
choice and fancy New Orleans, 54056c. Rice
| steady and In fair demand.
Petroleum in fair demand; United closed at
| ST. 07a.
Turpentine steady at 47c.
| Eggs firm and demand fair; receipts, 1860
| packages; Western "a 025c
| Pork quiet but firm; mess, 80 Tierce beef
steady; city extra India mess ST. Bulk
| meats firm; picked SIC; picked shoulders. 5c
picked hams, SIC. Lard was higher and fairly
active; Western steam, spot 642Ic; November,
| 64Oc; December, Gaze; January, Ate;
February, 6.51 &c., March, G. 81 a 6. 65c; April,
| =. COO, cry steam . ~ ~ a 6.55c.
| Butter firm and demand fair. Cheese quiet
and about steady; Western fiat at 8@10c
Copper steady. Lead firm; common, 05c.
Other articles unchanged
in pork and corn to-day than there was in wheat.
In the latter there Was the most hum drum
market Imaginable, with just as little action as
possible Wheat, for December, opened at S8lc.
got up to 0Sac, and did not get below 88s q 884c.
The receipts of corn to day were but l02 cars,
and the crowd of shorts" was struck with one
OF the little panlcs which come so unexpectedly
when trading is as dull it has been lately. The
November option went from 45c to Ate, with not
| half dozen trades, and with only four or FIVE
just as suddenly to under 45c. There is nothing
new to the situation. The advance
| is partly, probably, manipulation, and
| partly natural On Nov. Is the Marine insur-
| sells that go out after that date are few, and
| charge high rates. Whatever corn goes forward
| after Saturday must go by rail- and pay 25cents
| per 100 pounds freight to reach New York. This
| fact has been known right along, of course, and
| people in the East who have wanted corn have
poured in their orders for it. Shippers here who
have speculative nclinatons have bought and
shipped by lake, taking the chances that, after
the lake closed, with the advance in the cost of
transportation, the price at the seaboard would
These nm he mo
ker have been supplemented by the demands of
the Shorts" The November option is always,
from this time away back in June and July,
when it begins to be traded in, a favorite one to
sell; so is 'the year" The result is that there
is now, undoubtedly, large shortage
which has accumulated within the last six
months.
1t is believed that after Nov. Is, when the
the demand from the shorts" will lessen, too
The drop from 47c to 43ac for November was so
quick as to take the breath away from the on
lockers. Brokers who had stop orders were
utterly bewildered. One who had 20. 900 bushels
to sell got 5000 Of it off at 46ac 5000 off at 45c,
and 10000 of it he was compelled to sell at 43ac
all this inside of single minute. There was
really drop of Sc without any trading
at all The crowd got louder, and all
within about half hour of the opening When
broker indicated that he had some for sale
everybody became a seller, and the bottom
dropped right out of the market The Shorts"
however, may regret the break The price ran
up from 1870 to 45c again with surprising
rapidity. There was an advance of 30c in pork
and some large buying
Four-Nothing doing
Wheat-The market was quiet and closed &c
lower than yesterday. The sales ranged: No
vember s6a a s7sc, closing at &c; December,
$50 q $500, closing at 8Ssc bid January, S8s0
89ic, closing at $50. bid; May, 954 095sc
closing s at 994c 6ld; NO; q spring SIC; No. 3
Corn-The market was very unsettled and ex-
cited the November option attracting the princi-
pal attention; No. 2, Ash @463c. closing at 46lc
cash; 43S q Ate, closing at 44ac bid, November
year, 394 q 9sc, closing at 39sc bid, May
Oats were quiet but higher: cash, &c; Novem::
27ac closing at 27sc May, 30s 5000.
Rye was steady; No 2, Gle. Barley was firmer;
No 2, &c.
Flaxseed was steady; No. /, $112a0l122
Mess pork was more active and prices % Doc
higher. at So. 508879 cash; So rs November;
So. 623 a $50, closing at $8 750SS0 December
$9450975, closing at $967a 1910 January
Lard was fairly active and frner at 6 12I &c I5c
cash or November; 6.074 a 124c, closing at
6 12a 06 15c December; 6.12a a G. 22ac closing at
STA a Zoe January. Boxed meats were steady;
dry-salted shoulders, $500 75c; short-rib sides,
Whisky. $l.15
Suears-Cut-loaf, 7t07sc; standard A, 6sc
On the Produce Exchange butter and eggs
were unchanged.
On the afternoon board, wheat was weaker at
$50 bid, December; $3.50 for January; 95A 095,c
for May. Corn was strong and higher for the
long futures; 44lc for November; Ale for Decem-
Der; 41c the year. 37ac for January; 394c for
May Oats were unchanged. Pork was lower
and weak. Lard was weak and slightly lower
Receipts-Flour $4,000 brls wheat, 1863 600 bu;
corn, l0l, 600 bu; oats, $4,000 bu; rye 1900 bu;
barley. $4,000 bu. Shipments-Flour, 1000
brls; wheat 1000 Blu: corn $1,000 Blu; oats,
"A. 600 blu; rye, 1000 Blu; barly 26, 600 bu.