The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-17

Western, &c 03lc; white Western, 2S04Oe; NO.
2 Chicago, Bic.
Hay 6rm and quiet.
Hops quiet.
Coffee-Op,iops opened steady, p25 points
upon higher cables; closed weak at 0l3 points
below yesterday; free selling; active; OCTOBER.
IA 80 II soc; November. IA 80 ooc; osSem-
Der. IL. L. SOC: January, IA. 10 IA 30c: Feb.
rnary. IL 20 II SOC; March, April and May,
141501445c; June. 145Oc; July, l44O0 l4.ooc;
September, Il Soc; spot Rio stronger. fair car
goes. 16!c. Sugar-Raw easier and dull; fair
refining, ) sic refined unchanged and quiet.
Nolasses nominal. Rice firm.
Rosin-Low grades quiet; fine grades firm.
Eggs quis. and steady; Western, 2l2 G22c
Receipts, 6.34l packages.
Pork quiet Beef steady; beef hams firm;
tierced beef in light supply. Cut meats steady.
Mitdles quiet Lard nominal; Western steam.
spot, 9.25 09 374c; city steam, &c. Options
lower and duh under a pressure to sell; sales,
October. S.S5c; closing at 5000 bid: November,
8.570s.65c, closing at 8. Gle bid; December, Sal
as 43c: closing at S.43c bid: January, 1920
8 45c, closing at 6 42s bid; February. 8 4fc bid;
March, S46c bid; April, S.4Sc bid; May, $3.50
bid.
Butter active and frmer; Western dairy. 12A
1l1c; Western creamery, 14G26c; Elgin, zoo
26lc. Cheese frmer and quiet; Western, SO
l0tc.
CHICAGO, Oct. 16.-There was q little more
life to the wheat market, but the aggregate
trading was only moderate AID largely local.
Some outside business was reported. A nervous
feeling and an ire gull market existed. Inc
opening was weak and prices almost i'm
mediately showed a decline of 302c as COM
pared with yesterdays closing. The impression.
no doubt, prevailed that prices We're going
lower. But the market was short" and when
operators undertook to cover they found that
prices responded easily to the demand, and an
irregular advance set in, with May developing
the most strength and advancing 4sc above 10
side figures, while December advanced 34c.
From this advance the market reacted some;
the closing was 24c higher for December and 800
higher foe May than the closing figures yes
terday. There was only o moderate trade
in corn, though ir was active around the
opening. The feeling developed was but a con-
tinuance of the easy tone that prevailed yester-
day, and tracing was at q lover range OF prices.
The market opened rather spirited, first sales
being 1 9sc under the closing of yesterday; the
offerings were large. and the market quietly sold
off &c, rallied and recovered the decline, advanc-
ing &c, ruled steady and closed with October and
November / &c lower, and Nay about sc higher
than yesterday. The speculative trade In oats
was quiet and slow. Large arrivals and q weak
corn market caused a downward tendency. May,
the principal trading future, sold 10 lower early,
and reacted. closing fc easier. A slightly
larger business was transacted In pork
within . lower range OF prices Hold
ers were moro disposed to sell aud
offerings were quite free. The demand was
rabuer uniteu, especially az tho Opening rueI
sales Of January were at Sc advance; prices then
declined 224c. rallied Zoe, and closed easy. A
fair business was transacted in lard, aud q
weaker feeling developed. Offerings were lib
eral and TIE demand light Opening sales were
at .02s q .05c decline, a further break Of .0739
.l24c being recorded on the distant futures. aud
Csc on October. A slight rally followed, but
the market closed tame at nearly inside prices.
The decline brought prices OF ali futures nearer
on a level, and the market was regarded as In
better shane. A moderate business was trans
acted in short ribs, and a weaker feeling de-
veloped. Prices declined 100 .274c, January re-
covering slightly before the close, bat October
flushed weak at inside prices. The leading
futures ranged as follows: