The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-22

gar firm. and more demsrd; esntrifnesl 96
test, 7 Ii Ice; refined frm. @. Sic; extra 81
05Ic; white extra 2, o. q Tic; yellow, 50osc.
Molasses firm; 80 test. 2Olc Rice steady
Taslow STEADY. at 45c.
9.o45 packages; Western. l64 9l63c
$14 Is 0I5 for DID, and SIS q IS % for new. Gut
meats quiet, steady and unchanged Lard firm;
Western steam, spot, 7go 81. Soc: May, It's a
TIC: June, 7.80 a Z S2c: july, 7.85 17.87c; De-
tober, 1893 a So; city steam, 7.s0c.
Butter firm and demand Arm; Western, Il q
Bic. Cheese In fair request and steady; Western,
III ollie.
CHICAGO. March 21.-When the Board
opened for business there was every Indication
that concerted raids would be made IN nearls all
OF the speculative artlclee In the corn Dit the
raiders had good basis to work from. The
crowd were very nervous on account of large
receipts which are expected during the next If
teen or twenty days, and the unusually good
inspection. An additional cause of weakness
was a large number Of limited selling orders
which came in over night. Msy opened 5Os U5u4c
against last nights close at 50xn. In the first
minutes it sold off to soc straight The excite
ment in the corn pie was tremendous throughout
the session, and enormous quantity OF long"
corn came out during the day. Selling started
In soon as the Board opened with big food
of stop ORDERS which were hold by receiving and
other firms, and MAY was crowded down to 49lc
during the first hour. Then followed slight
rally to 49zes but persistent pounding by
prominent operator soon bounded It down It TO
lowed by another break. May touching 49sc. and
finally closing at 494c. There also excite
ment in wheat. Everybody, both
big and little, had all they could do,
and most of them selling. There
was sale of 600 900 bushels Of wheat in lump
by an operator IN the early part OF the session
which was followed by the execution of large
number of stop orders. which broke prices wide
open. May opened at Tito, improved to 17sc,
and dropped 10 770771c during the frat hour
Wheat continued going down until May touched
765c. By that time it appeared though all
the .Iona" wheat had been sold out and May
advanced to 77R 0773c. and closed at 774c Oats
shared In the weakness of the other grains.
There was some realizing GA futures. and May
sold off from 300 030Sc to 30sc. There u great
deal of noise made IN the provision pit, but
there were no very heavy individual transac-
tons. The greater part of the stuff marketed
came from the longs" Shippers had fair
ders for small lots, and the purchases created
the impression that the consuming public are
beginning to stock up. Prices of hogs were
5010c higher, but the decentralization OF grain
overshadowed all other Influences and induced
free offerings Pork received the most atten
ton. and was sold with increased freedom by
scalDers, ''bears" and tired stlongs.n May
opened shade better at S1A 10. but started
downward. and, after $13. IS touched. stop
order holdings came out with such freedom that
drop TO Sl3. 723 was recorded. There were few
sales. however, below $13. so. ''Shorts" came in
on the decline, and covered good sized lines.
and rally to 1885 secured the closing
figures being $l3 921 Lard remained COM
closed at I'll 24c. Short ribs dropped .1Oc. but
rallied and gained .05c. Sales for May at
I123 07.224c. and closed at I.15c. The leading
futures ranged as follows: