The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-08-01

sales, 1904. 900 bu futures. $4,000 bu spot; cash
quiet but generally steady; options declined &c,
early. later advanced i5l!c. closing steady.
with a slight reaction; speculation fair. Un-
graded. 544 0553c; No. 2. Sole delivered. $3.50
533c c. (. and l.: No. 2, August. 53i a54!c,
532c; October, 53t 0543c, closing at 544c; Novem-
Der, 522 053ic, closing at 53!c; December. SOLO
503c, closing at 50ic.
Osts-Receipts, 81, 100 bu; exports, 1885 bu;
sales, go. 600 bu futures. l02, 600 bu spot;
steady; mixed Western. 3693sc; white West
ern. A SOC.
Hay steady and quie.
Hops quiet and steady.
Coffee-Spotfair Rio nominal at lac; options 90
10 po;ots lower; sales. 10. 500 bags; August. 10 80
9 zoe; December, $50 as. Zoe; January, g. Zoe
Sugar dull and nominal; refined easier; u
8 fl6c; extra G, 6{c: white extra c, CSC; yellow,
Ct G63c: off A, 6 ll-l6 &c; mold A. itc; stand
ard A. 707sc; confecuoners'A a. 9}e; powdered;
Tie; eranulaied. 7sc; cubes. 7sc. Molasses dull
and nominal. Rice quiet and steady.
Tsllow firm ct 44c. Resin steady.
Eggs steady and in better demand; Western.
Bale; receipts. 1888 packages.
Pork stronger but quiet; mess quoted at
Sl4 90 for old, and $3.50 10 70 for new. Cut
meats firm; picked shoulders, 7406c. Lard a
couole of points higher, but only moderately
active; Western steam, spot, 9.l23c; August,
9.04c; September, 9 06c; October. g. "a s. 96c;
December, 1880 l. 99c; city steam. s soc.
Butter quiet and unchanged, Cheese quiet
and steady; Ohio fat. 70Ssc.
CHICAGO, July 3l.-Ths tables were turned
in wheat and corn on Change to-day. Wheat
was weak and closed PC lower than yesterday.
Corn sold lie higher early. without apparent rea-
son, and closed 10 higher. The wheat market
was q hckle one. 1t was not until the price, by
successive dips and rallies. worked Its way down
&c under the closing price Of Yesterday. that
many Of the enthusiastic bulls could see that
the bulge was a thing of the past and that the
market was not only weak. but heavy. The
curb influences were given undue force. aud
there was great disappointment. both here and
at New York, when prices opened lc lower for
leading futures. with others dragging. The ex-
port clearances OF wheat and flour from Atlantic
ports were 1l2. 600 bushels. and the ''bulls" be-
gan to fear that the export buying reported did
not mean much. There was talk of quiet sell
ing by the leaders, while they bought openly.
Sales ranged as follows until near the close:
August, 83ac to 634c to S3ic, dow to 82sc; Sep
temoer, SAFE. down to S3sc. MP to SAFE, down to
s3tc. W to S3tc. and back to s34c, or 12c under
last night. The market az the finish was weak
or than at any time during the session. Sep
TENDER. the leader, closed 24c lower than at the
August, sc; September, S22c. The peculiar
strength Of corn early, and the way the price
was kept up to the close, puzzled the best men
in the pit. There was some 'bul" news from
Kansas early. aud no doubt some covering OF
'shorts" on that account, but that was not suf-
fcient to explain the jump of lie or more In all
futures the first hour. The receipts here we're
lass than the estimate, but still reached $50 cars,
with 338 cars of No. 2 grade. The out snspec-
ton was against the bulls" being only 162, 900
bushels. Prices ranged: August, 45!c, MP to
46ac, and back to 45Ac: September, 454c, up to
46sc, back to 45sc. closing at 45kc. In oats the
speculative trade was rather animated,
early. July being in request from
shorts and advancing fully 10 over yesterdays
closing, and other deliveries followed with firm
ness and &c advance, being Influenced by the
improvement in corn; q heavy fall of rain early
in the day also caused some covering. The last
hour Of the session witnessed a quiet market.
Lost, though the final closing was to higher and
finally the same to only &c above the last quota
transacted in provisions, but an unsettled feel
ing prevailed. Shorts" bought freely aud
'longs" realized. A large part of the trading,
however, was in changing contracts from August
to September. Several large holders of pork
threatened to deliver it tomorrow unless the
differences were widened. Their threats had
the desired effect, and pork was changed at 81
to 90 better than yesterday, l2i to l5c being
paid. In short ribs changes were at % a .073c.
September pork opened at $l4 65. sold at $l4. 674.
down to $l4.524, closing at Sl46 90. Lard was
active. but the market was narrow; September
sold at {. 1914 90 02kc. Short ribs for September
were bulled up .l0c early by shorts" but after
they bad covered, prices declined Csc. the last
sales for September being at 8. 52tc. The lead
ing futures ruled as follows: