The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-07-31

points lower; sales, 20.5OO bags; July. 1910
o1LOoc; August. 10. so a 10. zoe; S%eptemb Der,
9. e0c; November, 9.60c; December. 9 90 g. zoe;
January, 965c; February. 97009. 75c; March.
9.s0c; June. 9. goo. Sugar dull and more or less
nominal; fair refining quoted at 5 3l6c; 90 test
eentrifueal. 6ae; molasses grades. Al 95sc; re-
fined c. 67l606 9-16c: extra G. CSC; yellow, 81
G6sc; mold A. G075c Molasses dull. Rice
steady.
Taliow steady at 4sa4.c. ROsIn dull at
S1.039l07l.
Eggs quiet and steady; Western. 140l6ic; re-
ceipts. 1927 packages
Cut meats stronger but quiet. Lard 799
points higher, but quiet. closing hrm; western
October. aS5aG96c: year, 1926, closing at
L.92c; city steam. g. SOC.
Butter ouie, ana steady; Western, 11020c.
Cheese quiet and easier; Ohio fat. 70S.c.
CHICAGO. July 3O.-A sensational bulge in
wheat overshadowed all other operations on
Change to-day. The instant the bell tapped for
the opening there ensued a tremendous clamor.
Prices opened Sc over the close at noon Satur-
day In New York, 20 over the close Saturday
afternoon hero, and Ito higher at ST Louis.
The Jump was something amazing, following
the unusual advance of &c which marked the
close of last week. The drift OF feeling was
shown on the curb, and when the opening mo-
ment on the floor arrived the confusion and ex-
element we're 90 great az TO make it difficult 20
get prices at all. The first Official quotations
were 83Ec for August, s4e for September and
s5sc for December. The cables were very bull
ish. The weather on tbs other SIDE
TO A erops. During she first fifteen minutes
August sold at S4c. September at SAFE. and De-
cember at SGT, an advance of fully &c for all fut-
urea Local spectators and foreign agents
were buyers. and only those with 'long' wheat
had courage to sell. After the first bulge and
furry prices reacted about 3c. About noon q
second bulge sent prices even higher than be-
fore. with August up to SAFE. September to S5sc
and December to Bic, an advance OF PC for Sep
tember and December. Then prices eased on
realizing sales TO S4c for August. sac for Sep
tembera and S6sc for Der, and there they
rested shortly before the close. Nevertheless
the market at the final moment was strong. and
the best prices were at nearly the outside for
the session. August selling at SAGE and Septem-
started off just a little eamy. with August sell
ing up from 45c to 453c. September from 44sc to
45tc, and October from 44sc to 44sc.
The Improvement was not maintained.
however. and the market go. back
not recover. Receipts were heavy. and the
movement promises to increase. Corn is lower
than when wheat started on its &c advance.
Oats were only fairly active. and the range Of
prices in the speculative market was confined
was one of ~essiness. Provisions opened the
week with no abatement in the bullish tendency
they have lately exhibited Under the influence
OF another sharp advance In hogs, the initial
sales all around were made at prices materially
higher than Saturdays Blessings. In pork, the
frst transactions showed an appreciation of lac,
in lard of .07i a 10c. and in short ribs of 100
.12ic. During the day product averaged much
higher than the opening futures. The range
covered by pork in its fluctuations was 15c, by
lard .07} a. 10c, and by short ribs .O5 a .07lc.
Trading was active aud more general in its
character than on any day since the upward
movement was inaugurated. A large amount
Of product. especially pork. was bought by out
siders, presumably against outstanding short
contracts. Cash buyers were deferred from
filling a good many orders by the prices asked.
September was the leading time delivery. For
that month pork sold at S14. SO q IA. 65. lard at
1921 80 02ic. and short ribs at 845a8.50c
Pork for September closed At sl4 62i. with Oc-
tober at the same price. and July and August
10c lower. Future lard was quoted at the ad-
tournament at 8 $50 for July, 8959a.97fe for
August. 9.00c for September, and 8 95c for Octo-
Der. July and August short ribs closed ct s. 45c,
September at 8.5Oc, and October at 8471c.
Later deliveries were higher. The leading fu-
lures ranged as follows: