The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-05-11

bags; May. 1a2os1a35es June u IS IL soc;
SeprsmDsr, l055010 Coo; October. 10 90
1000; November. l0259 lo35 December.
10 4Oes April. 10 40 a I045c- Sugar dull and
unshanged; refined quiet; Rranulated. 81 l-l6c.
Molassss easier, 80 test. zoe. Rice steady
Tallow dull and heavy; prime city quoted At
~ "A 916c. Rosin quiet at SLID q L.20.
Eggs easier and dali; Western, 13I q I4tc; re-
Pork firm and fairly active; mess quoSed ct
$l4.0G91450, old: $500 L. %. new Cut
meats very firm; picked bellies, &c. Lard
opened 03 points lower, later advanced 800
steam, quoted g. 5c; June. 40 90 43c; July. g ~
a8 Ale: August a40 4ec; September, $3.50
a50c; October, $3.50 aisle; city steam. 810c.
Butter easier and in faif demand; Western.
lSS26s. Cheese dull
CHICAGO. May 10-There was . nervous
activity on Change during the morning The
government crop report was expected, and IL
was. IN the minds of the trade, to cut q big rs
ure In the price of wheat before the close OF the
day. Il was shortly after IL o'clock when the
government estimate on the wheat crop was
made public here There had been some selling
to realize on yesterdays big buying, and
prices we're about &c under the close last night
The momens the wires gave the figures there
was furry on the floor. and everyone turned
to the wheat pit On the instant there was
craze to buy, July jumped at once from S63 a
Sole; then in ten seconds to 87e and this occs-
stoned excitsmsnt enough to send the price to
ste and e s s a. the same tRs % p;s
This was the top, and it. was 10
up aud turn In three minutes. June sold M
to 853c and December to S9sc. AT IL o'clock
June WAS back TO last nights price. 852c; July
was down to 664c. 1c of from the top on the
bulge. and 4c lower than last night and Decen-
bar was back to whore it opened. NJ S82c- The
Washington report proved boomerang. Many
operators here and elsewhere had taken wheat
since May with view of unloading with profit
on this report. Again, professional traders dis
counted the effect by bulling the market yester-
day. Still again, the country did not come in
with q rush TO sustain the temporary bulge,
and the flash and tumble all IN one hour was
the result There was a further dash in prices a
S51c, closing 1t s5f 085se. May closed ct S3sc,
June at Sale. and December at 87f S8e. In
corn to-day the range Of prices dur.
ing the first hour was the range Of
the day. The pit was almost entirely
deserted, and trading Was consequently
and opening prices about 4e higher. May opened
1t SIC, ranged between 562c and sic, and closed
At SIC. July opened at 55Ie. ranged between
553c and 56sc. and closed sy 557 a 55Ec- Oats
were quite active early, round lots coming on
the market and being readily taken. The mar
ket subsequently, became quiet and weaker.
May ranged between the opening, 342c, and the
closing figures. 33sc. July sold at 32s a 33c.
Provisions ruled easier and prices averaged
lower In the absence Of any special demand
speculative interest. the 'bear' side was re-
garded with increased favor. July pork opened
as $14.2 ranged at $I4 % IA 10, and closed At
SH17t. July lard held held steady at g. 22lc,
short RIBS hold 1T 1891 so, closing at 7.57f c
The leading futurea ran1ed an folloWa.