The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-08

sales. 355, 900 bu futures. 203 900 bu spot. Spot
market unsettled. rather easier; fairly active;
mixed Western 20 a 35c; white Western, 80 Acc;
white State. 30 043c; No. 2 Chicago, $50.
Hay in moderate demand aud easy.
Hops quiet and strong; light stock.
Cofee-Options active but weak. Sales. 1884,
500 bags. including September, Il 200 he; Octo-
Der, IL 20 a 2.30c; November, IL 10 a 5Oc; De-
March, 1880 all l5c; April, 10. 20 oil 15c; May,
1l05 oil l0c; July, IL. &c., August. III. loo. Spot
Rio in moderate demand and unsettled; fair car
goes, Isle.
Cut meats stronger; sales picked bellies at
81 a l04c; picked shoulders. &c; picked hams,
120l2lc; middles firm; short clear, 9sc. Lard
Spot opened weak, closing firm and quiet;
sales Western steam, 10. 15c; options were 100
points lower, closing strong, with decline re-
gained; sales, September, l0O0c; october, y 90
ing at 9.25c; December, 87laa73c, closing at
873c.
Butter-Fancy firm and active; Western
creamery, 14023c; Western dairy, IL a. 5c.
Cheese steady and quiet; Western, Il csc;
Sugar firm and in moderate demand; fair re-
fning, 5 7-l6c; centrifugal, SO test, Bloc: re-
fined held firmly and in good demand. Rice Ia
fair demand aud steady.
Tallow frm prime city, SIC bid, SIC asked.
Rosn dull.
Eggs barely steady and quiet; Western, 17i0
194c.
CHICAGO, Sept 7.-Operators in wheat had
something to talk about to-day. 1t was the
published report that the Minnesota warehouse
commissioners had lowered the grade OF No.
hard by the admission OF such a per cent OF
frosted wheat a. to amount to the wiping out or
the old grade Of No / hard and allowing No.
Northern to be delivered on contracts based on
tho former. Some persons on Change claimed
that they had dispatches from the Northwest
showing that the action Of tho commissioners
was misunderstood, and that there was no real
change over which to DO alarmed. There were
also conflicting advices as to what the COM
missioners had and had not done which kept the
market IN an excited and nervous state. causing
prices to bob up and down without any apparent
cause. Il did not affect prices in Northwestern
markets at the opening. Here prices opened SO
lower. With easier cables and free offerings by
''lcnes." the market was bulged a little,
but became easy after it had shown weakness.
Whatever shorts" were out got under cover, and
the prices went of under a deluRe of ''lone"
wheat about lie. but just when it looked most
like q decided break there was rally of &c.
October sold at 93s 1880, off TO 92sc, and up
to 92sc about noon; December sold at 941 a 944c
and up to 9sc. then down to 93sc, with rally
to 944c; May sold down to este; December closed
at o'clock at 95c. 1t was doubted before that
there was a large short interest, especially
among the receiving hGses. but 1t was made
quite clear to-day. The feature of the market
was the unusual demand for cash corn, which
sent the price MP about Ito. September SOLD up
10 4Osc, clOSlpR at 4Oc, OctoD0r solO dt 30 ~
45sc, closing at 45sc bd December
and May closed at 39se. Oats
were very steady and tritie stronger. with an
Improvement Of &c. Provisions were quiet and
uuinteresting, and the fluctuations were within
. narrow range. There was an early weakness
in pork, lard, and ribs October pork opened
at Sl3 80, which proved the lowest prico Of the
day, and there was subsequent Improvement
At o'clock October pork sold at $l4, and Janu-
airy at $13.77, q loss OF 10c near futures, and
go on January. During the session lard was
not very steady, closing about where it did a.
o'clock yesterday; January rested at S.25c.
Short ribs declined .07c on near months and
closed at 8.35c and g. re for October and Janu-
airy. Late cables were strong, and in the after
noon wheat advanced &c; corn was active for
near futures; oats were in light request, and
steady; pork was nomnaly unchanged for near
futures, and 20 higher for January; lard ad-
vanced .02c for September and October, and ru cd
shade easier for January: short ribs were IN
:hanged for September and October, and .02as
higher for January. The leading futures ranged
Ill