The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-20

sales, 4e0.ao0 in futures. lie 900 bu spot,
oDsnod a r. lower later reacted q &c, closing
steady. mixed Western 80 4lc. whits Western,
AZ II 46
Hay steady and qrict; shipping 6oa65c
Hons quiet.
CofTee1-spot fair rio quiet at l41c: options
opened a tribe better, closing barely steady ANA
quiet Sales o. $50 bags; April. 10. IS a lie: May,
10 65aI0 s5c: June. 10 80 al0 soc; July. 5000
1odos August. @ 3, az s sos ssnsemssr, g 2
q SOC: December 8 60 a 9 soc: March, 9.s5e. ST.
gar quiet aud steady; refined quiet. Molasses
frmer. Rice steady.
Tallow quiet ard frn; pr:nss city ouoted
Die. fsosin quiet. 81 20 a la
EGGS lower; receipts 97os packages; Vest
ern. ~ a l4e.
Pors quiet hut firmly held: cur meats firm:
picked hams ] lc. Lard Is a 20c points higher,
owing to covering az the West. closing firm.
Western steam, spot Is as Doc; May. g. o6zs
gust s 70 al 32c; September, s. - a s-37c; Octc-
Der, SO a 36c. City steam 760e
Butter steady and quiet; Western. l66 27e.
Cheese quiet AID weak. Western fiat. liz l2e
CHICAGO. April I9-Businsss opened brisk
on Change this morning, with decided dowsl
turn IN prices for cereals and up turn IN pre-
visions. Those who played the wheat market
the first thirty minutes. Wheat was weak OH
the curb and opened 10 lower This was tho
signal for local selling and it brought out ~
quantity of stuff on stop orders when SOC was
touched in May. This carried prices down
another &c. where the bottom for the day was
reached at T9kc or lc under the close last night
From this point several dealers became buyers
and the price went TO S0sc before IL a. n. After
second dip to 50ac there . second bulge,
about II o'clock, which took May to 8ltc,
making range Of 1zc for the forenoon,
and an advance Of &c over last
night. After resting snort TINA
at this point, the big traders took hold Ia
closing minutes Of the session. and before the
afternoon decidedly stronger feeling prevailed,
May closing at S24c, or &c over the closing Lass
NIGHT a range Of Sic for the session The forces
Mt work appeared To be a revival of the crop
scare. talk of delayed seeding in the Northwest,
etc. There was also some fright on the part CT
those who fastened to abort the market yet
terday. Speculative trading in corn was fairly
active, and the feeling rather unsettled, though,
on the whole, somewhat easier. Opening sales
were &c below the closing figures of yesterday.
The market weak, and declined 4c,
sympathizing with wheat to considerable
exteut, ana the free selling Of prominent local
operator also assisted the weakness. Upon the
decline q better demand was developed, and the
market recovered, advancing &c. reacted te.
ruled firm, May closing at SEC The second re-
action was due TO the receipts for tomorrow
showing some Improvement being estimated at
l95 cars. Rather moro business of specults-
tive kind was done in oats. Something of an
unsettled feeling prevailed early, and futures
started with a &c decline. This was followed
by firrner market and a rally in prices De-
ferred futures were the most favored in the de-
mand, and June and July were finally at q
premium over May The final closing was &c
better for May. The provision trade claimed and
received more than ordinary attention.
In cash product there was something
Of falling off IN the movement
but speculation was active throughout
the day. In the trading however. lard
overshaoowed in interest pork and short ribs
though tho latter were bought and sold freely.
Lard particularly active. under q good
short" demand and continued buying by for
eign houses and for the different future deliv-
eeies traded in prices at 1 o'clock were .22lc
above last nights closing. In short ribs the ad-
vance established was .05 a. 074c. and pork $50
Zoe. In pork. May June and July. and in both
lard and short ribs, May, June, July and August
were the favorite futures with traders. For
latter figure. In lard, May ranged from z77fc
mp to &c, where it rested. The May delivery fer
short ribs closed at 7.374c after selling at 7273
1735c The leading futures ranged as follows: